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).
- The Q2 2026 figure ranks as the lowest quarterly Tax Rate since Q4 2024.
- Year over year, Tax Rate gained in four of the last seven quarters, with an average year-over-year change of +1.26 percentage points.
- 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).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.59 Bn | 97.93 Bn | - | 23.46% |
| 2 | Bank of New York Mellon | 100.46 Bn | 34.08 Bn | - | 22.83% |
| 3 | Intercontinental Exchange | 97.18 Bn | 90.07 Bn | - | 23.03% |
| 4 | Robinhood Markets | 72.63 Bn | 52.17 Bn | - | 23.84% |
| 5 | Nasdaq | 59.89 Bn | 57.32 Bn | 1.48 Bn | 23.11% |
| 6 | State Street | 45.42 Bn | 45.42 Bn | - | 21.47% |
| 7 | Cboe Global Markets | 36.91 Bn | 27.39 Bn | 712.20 Mn | 22.78% |
| 8 | Interactive Brokers | 34.30 Bn | 10.61 Bn | - | 9.89% |
| 9 | Northern Trust | 31.46 Bn | 31.46 Bn | - | 19.28% |
| 10 | Marketaxess Holdings | 5.83 Bn | 4.21 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();