Marketaxess Holdings (MKTX) Research & Development (2010 - 2026)

Marketaxess Holdings' (MKTX) quarterly Research & Development came in at $20.4 million in Q1 2026, up 12.81% year-on-year from $18.0 million in Q1 2025, and down 2.42% quarter-over-quarter from $20.9 million in Q4 2025.

Marketaxess Holdings (MKTX) Research & Development (2010 - 2026) Analysis & Trends

Marketaxess Holdings has disclosed Research & Development across 17 years of filings, most recently posting $20.4 million for Q1 2026.

  • Research & Development for Q1 2026 came in at $20.4 million, up 12.81% year-over-year; the trailing twelve-month figure through Mar 2026 was $80.6 million (up 10.17% YoY), and the FY2025 annual result was $78.3 million, up 8.49% from the prior year.
  • Research & Development came in at $20.4 million for Q1 2026 at Marketaxess Holdings, down from $20.9 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $20.9 million in Q4 2025 to a low of $12.2 million in Q1 2022.
  • The 5-year median for Research & Development is $17.2 million (2023), against an average of $16.9 million.
  • Across the five-year window, Research & Development jumped 32.86% in 2022 and increased 5.85% in 2025, its largest moves.
  • Marketaxess Holdings' Research & Development stood at $14.1 million in 2022, then climbed by 22.07% to $17.2 million in 2023, then climbed by 9.07% to $18.8 million in 2024, then increased by 11.03% to $20.9 million in 2025, then retreated by 2.42% to $20.4 million in 2026.
  • The last three Research & Development figures came in at $20.4 million (Q1 2026), $20.9 million (Q4 2025), and $20.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -
2 Morgan Stanley 331.35 Bn 197.82 Bn - 1.15 Bn
3 Goldman Sachs 317.73 Bn -619.82 Bn - 583.00 Mn
4 Schwab Charles 153.74 Bn 108.77 Bn - -
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 241.00 Mn
6 Interactive Brokers 38.91 Bn 49.50 Bn - -
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 23.47 Mn
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 39.55 Mn
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn -
10 Marketaxess Holdings 4.10 Bn 3.73 Bn - 20.36 Mn

Historic Data

Download Data
DateValue
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