Marketaxess Holdings (MKTX) Research & Development (2010 - 2026)
Marketaxess Holdings (MKTX) posted Research & Development of $20.4 million for Q1 2026, down 2.42% sequentially from $20.9 million in Q4 2025, and up 12.81% YoY from $18.0 million in Q1 2025.
Marketaxess Holdings (MKTX) Research & Development (2010 - 2026) Analysis & Trends
Marketaxess Holdings (MKTX) has 17 years of Research & Development data on file, last reported at $20.4 million in Q1 2026.
- Quarterly Research & Development rose 12.81% year-over-year to $20.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $80.6 million (up 10.17% YoY) and the FY2025 annual result came in at $78.3 million, up 8.49% from the prior year.
- Research & Development declined to $20.4 million in Q1 2026 per MKTX's latest filing, from $20.9 million in the prior quarter.
- The five-year high for Research & Development was $20.9 million in Q4 2025, with the low at $12.2 million in Q1 2022.
- Average Research & Development over 5 years is $16.9 million, with a median of $17.2 million recorded in 2023.
- Year-over-year, Research & Development surged 32.86% in 2022 and climbed 5.85% in 2025.
- Marketaxess Holdings' Research & Development stood at $14.1 million in 2022, then rose by 22.07% to $17.2 million in 2023, then rose by 9.07% to $18.8 million in 2024, then advanced by 11.03% to $20.9 million in 2025, then dropped by 2.42% to $20.4 million in 2026.
- Business Quant data shows MKTX's Research & Development at $20.4 million in Q1 2026, $20.9 million in Q4 2025, and $20.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 1.15 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 583.00 Mn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -65.09 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 241.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 23.47 Mn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 39.55 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | - |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | - |
| 10 | Marketaxess Holdings | 14.20 Mn | -349.59 Mn | - | 20.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.36 Mn |
| Dec 31, 2025 | 20.86 Mn |
| Sep 30, 2025 | 19.96 Mn |
| Jun 30, 2025 | 19.42 Mn |
| Mar 31, 2025 | 18.05 Mn |
| Dec 31, 2024 | 18.79 Mn |
| Sep 30, 2024 | 18.55 Mn |
| Jun 30, 2024 | 17.77 Mn |
| Mar 31, 2024 | 17.05 Mn |
| Dec 31, 2023 | 17.23 Mn |
| Sep 30, 2023 | 15.34 Mn |
| Jun 30, 2023 | 15.24 Mn |
| Mar 31, 2023 | 15.00 Mn |
| Dec 31, 2022 | 14.11 Mn |
| Sep 30, 2022 | 14.17 Mn |
| Jun 30, 2022 | 12.49 Mn |
| Mar 31, 2022 | 12.19 Mn |
| Dec 31, 2021 | 11.23 Mn |
| Sep 30, 2021 | 10.67 Mn |
| Jun 30, 2021 | 10.54 Mn |