Marketaxess Holdings (MKTX) Tax Rate (2010 - 2026)
Marketaxess Holdings (MKTX) reported Tax Rate of 23.88% for Q2 2026, down 3.05 percentage points from 26.93% a year earlier and down 0.95 percentage points from the prior quarter.
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Analysis
Marketaxess Holdings (MKTX) Tax Rate (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Marketaxess Holdings' Tax Rate came in at 16.35%, down 23.59 percentage points year-over-year; for FY2025, it came in at 32.72%, up 8.77 percentage points from FY2024.
- Tax Rate has a five-year change of +12.69 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 23.95% in FY2024 (+1.52 pp), 22.44% in FY2023 (-3.60 pp), 26.03% in FY2022 (+3.26 pp) and 22.77% in FY2021 (+2.74 pp).
- Five-year quarterly Tax Rate spans a low of -15.81% in Q4 2025 and a high of 84.34% in Q1 2025.
- Year over year, Tax Rate has now declined in each of the last three quarters, with an average year-over-year change of -3.75 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q1 2025 (a gain of 59.42 percentage points); the low point was Q1 2026 (a drop of 59.51 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 24.84% (Q1 2026), -15.81% (Q4 2025) and 27.13% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 104.48 Bn | 85.58 Bn | - | 19.18% |
| 2 | Bank of New York Mellon | 99.71 Bn | 39.09 Bn | - | 20.95% |
| 3 | Cme | 94.57 Bn | 94.57 Bn | - | 21.53% |
| 4 | Intercontinental Exchange | 85.38 Bn | 79.19 Bn | - | 24.24% |
| 5 | Nasdaq | 51.62 Bn | 49.05 Bn | 1.50 Bn | 22.36% |
| 6 | State Street | 48.84 Bn | 48.84 Bn | - | 21.96% |
| 7 | Interactive Brokers | 38.83 Bn | 32.29 Bn | - | 8.10% |
| 8 | Northern Trust | 31.65 Bn | 31.65 Bn | - | 25.59% |
| 9 | Cboe Global Markets | 27.38 Bn | 19.03 Bn | 731.60 Mn | 28.62% |
| 10 | Marketaxess Holdings | 5.77 Bn | 4.17 Bn | - | 23.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.88% |
| Mar 31, 2026 | 24.84% |
| Sep 30, 2025 | 27.13% |
| Jun 30, 2025 | 26.93% |
| Mar 31, 2025 | 84.34% |
| Dec 31, 2024 | 23.00% |
| Sep 30, 2024 | 23.04% |
| Jun 30, 2024 | 24.79% |
| Mar 31, 2024 | 24.92% |
| Dec 31, 2023 | 16.92% |
| Sep 30, 2023 | 23.42% |
| Jun 30, 2023 | 24.18% |
| Mar 31, 2023 | 25.02% |
| Dec 31, 2022 | 25.43% |
| Sep 30, 2022 | 24.80% |
| Jun 30, 2022 | 25.29% |
| Mar 31, 2022 | 28.37% |
| Dec 31, 2021 | 27.09% |
| Sep 30, 2021 | 22.20% |
| Jun 30, 2021 | 21.81% |
API Access
Marketaxess Holdings Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=MKTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MKTX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=MKTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();