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 has reported Research & Development for 17 years, with the latest figure 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.
- Over five years, Research & Development peaked at $20.9 million in Q4 2025 and troughed at $12.2 million in Q1 2022.
- A 5-year average of $16.9 million and a median of $17.2 million in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2025: Research & Development soared 32.86% in 2022, then gained 5.85% in 2025.
- Over 5 years, Research & Development stood at $14.1 million in 2022, then increased by 22.07% to $17.2 million in 2023, then increased by 9.07% to $18.8 million in 2024, then gained by 11.03% to $20.9 million in 2025, then slipped by 2.42% to $20.4 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $20.4 million, $20.9 million, and $20.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 1.20 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 635.00 Mn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | - |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 256.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 26.20 Mn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 41.98 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | - |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | -65.09 Mn |
| 10 | Marketaxess Holdings | 5.72 Bn | 5.42 Bn | - | 21.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 21.51 Mn |
| 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 |