Marketaxess Holdings (MKTX) Tax Rate (2010 - 2026)
Marketaxess Holdings (MKTX) posted Tax Rate of 24.81% for Q1 2026, up 116.07% sequentially from 154.41% in Q4 2025, and down 5952.0% YoY from 0.42% in Q1 2025.
Marketaxess Holdings (MKTX) Tax Rate (2010 - 2026) Analysis & Trends
Marketaxess Holdings has reported Tax Rate for 17 years, with the latest figure at 24.81% in Q1 2026.
- Quarterly Tax Rate fell 5952.0% year-over-year to 24.81% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.23% (down 5205.0% YoY) and the FY2025 annual result came in at 2.59%, down 2136.0% from the prior year.
- Tax Rate improved to 24.81% in Q1 2026 per MKTX's latest filing, from 154.41% in the prior quarter.
- Over five years, Tax Rate peaked at 84.33% in Q1 2025 and troughed at 154.41% in Q4 2025.
- A 5-year average of 18.42% and a median of 24.81% in 2026 frame the typical range for Tax Rate.
- The widest YoY moves for Tax Rate: up 5941 bps in 2025, down 17742 bps in 2025.
- Over 5 years, Tax Rate stood at 33.68% in 2022, then decreased by 29 bps to 23.86% in 2023, then dropped by 4 bps to 23.01% in 2024, then plunged by 771 bps to 154.41% in 2025, then jumped by 116 bps to 24.81% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 24.81%, 154.41%, and 27.13% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 23.07% |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 22.60% |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 23.68% |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 19.18% |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 8.10% |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 26.43% |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 23.50% |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 7.84% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | -16.38% |
| 10 | Marketaxess Holdings | 5.72 Bn | 5.42 Bn | - | 23.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.88% |
| Jun 30, 2026 | 23.88% |
| Jun 30, 2026 | 23.88% |
| Mar 31, 2026 | 24.81% |
| Mar 31, 2026 | 24.81% |
| Mar 31, 2026 | 24.81% |
| Dec 31, 2025 | -154.41% |
| Dec 31, 2025 | -154.41% |
| Dec 31, 2025 | -154.41% |
| Sep 30, 2025 | 27.13% |
| Sep 30, 2025 | 27.13% |
| Sep 30, 2025 | 27.13% |
| Jun 30, 2025 | 26.89% |
| Jun 30, 2025 | 26.89% |
| Jun 30, 2025 | 26.89% |
| Mar 31, 2025 | 84.33% |
| Mar 31, 2025 | 84.33% |
| Mar 31, 2025 | 84.33% |
| Dec 31, 2024 | 23.01% |
| Dec 31, 2024 | 23.01% |