Marketaxess Holdings (MKTX) Tax Rate (2010 - 2026)
Marketaxess Holdings (MKTX) posted Tax Rate of 24.84% for Q1 2026, up 257.05% sequentially from 15.81% in Q4 2025, and down 5950.0% YoY from 0.42% in Q1 2025.
Marketaxess Holdings (MKTX) Tax Rate (2010 - 2026) Analysis & Trends
Marketaxess Holdings (MKTX) has 17 years of Tax Rate data on file, last reported at 24.84% in Q1 2026.
- Quarterly Tax Rate fell 5950.0% year-over-year to 24.84% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 17.28% (down 2362.0% YoY) and the FY2025 annual result came in at 32.72%, up 769.0% from the prior year.
- Tax Rate rose to 24.84% in Q1 2026 per MKTX's latest filing, from 15.81% in the prior quarter.
- The five-year high for Tax Rate was 84.33% in Q1 2025, with the low at 15.81% in Q4 2025.
- Average Tax Rate over 5 years is 26.84%, with a median of 24.92% recorded in 2024.
- Year-over-year, Tax Rate surged 5941 bps in 2025 and slumped 5950 bps in 2026.
- Marketaxess Holdings' Tax Rate stood at 33.68% in 2022, then slipped by 29 bps to 23.86% in 2023, then rose by 16 bps to 27.59% in 2024, then tumbled by 157 bps to 15.81% in 2025, then soared by 257 bps to 24.84% in 2026.
- Business Quant data shows MKTX's Tax Rate at 24.84% in Q1 2026, 15.81% in Q4 2025, and 27.09% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 19.58% |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 13.20% |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 22.24% |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -16.38% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 15.82% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 26.45% |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 23.03% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 2.47% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 2.46% |
| 10 | Marketaxess Holdings | 14.20 Mn | -349.59 Mn | - | 24.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.84% |
| Mar 31, 2026 | 24.84% |
| Dec 31, 2025 | -15.81% |
| Dec 31, 2025 | -15.81% |
| Sep 30, 2025 | 27.09% |
| Sep 30, 2025 | 27.09% |
| Jun 30, 2025 | 26.89% |
| Jun 30, 2025 | 26.89% |
| Mar 31, 2025 | 84.33% |
| Mar 31, 2025 | 84.33% |
| Dec 31, 2024 | 27.59% |
| Dec 31, 2024 | 27.59% |
| Sep 30, 2024 | 23.04% |
| Sep 30, 2024 | 23.04% |
| Jun 30, 2024 | 24.79% |
| Jun 30, 2024 | 24.79% |
| Mar 31, 2024 | 24.92% |
| Mar 31, 2024 | 24.92% |
| Dec 31, 2023 | 23.86% |
| Dec 31, 2023 | 23.86% |