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
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