United States was Marketaxess Holdings’s largest region in fiscal 2025, bringing in $568.38M of $846.27M (67%).
| Geography | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Americas | — | — | — | — | ||||||||||
| United States | $510.80M | $523.68M | $568.60M | $568.38M | ||||||||||
| United Kingdom | $126.86M | $147.02M | $161.84M | $177.26M | ||||||||||
| Other | $80.64M | $81.85M | $86.66M | $100.63M | ||||||||||
| Europe | — | — | — | — | ||||||||||
| Asia | — | — | — | — | ||||||||||
| Total | $718.30M | $752.55M | $817.10M | $846.27M |
Marketaxess Holdings brought in $846.27M from its three regions in fiscal 2025, the year ended December 31, 2025. That was up 3.6% from $817.10M in fiscal 2024. United States was the largest at $568.38M (67.2%), ahead of United Kingdom at $177.26M (20.9%) and Other at $100.63M (11.9%).
Compared with fiscal 2024, Other grew fastest, up 16.1% to $100.63M, while United States fell the most, down 0.0% to $568.38M. From fiscal 2022 to 2025, combined revenue from these regions grew from $718.30M to $846.27M, a compound annual growth rate of 5.6%. United States' share of the total fell from 71.1% to 67.2%.
Commissions was Marketaxess Holdings’s largest product and service line in fiscal 2025, bringing in $734.62M of $838.65M (88%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Commissions | $641.18M | $662.96M | $711.71M | $734.62M | ||||||
| Post-Trade Services | $36.84M | $80.24M | $84.66M | $88.81M | ||||||
| Information Services | $38.45M | $1.28M | $980.00K | $1.29M | ||||||
| Technology Services | $926.00K | $3.02M | $12.36M | $13.92M | ||||||
| Other | — | — | — | — | ||||||
| Total | $717.40M | $747.51M | $809.71M | $838.65M |
Marketaxess Holdings brought in $838.65M from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 3.6% from $809.71M in fiscal 2024. Commissions was the largest at $734.62M (87.6%), ahead of Post-Trade Services at $88.81M (10.6%) and Technology Services at $13.92M (1.7%). The remaining line, Information Services, brought in $1.29M.
Compared with fiscal 2024, Post-Trade Services grew 4.9% to $88.81M and Commissions grew 3.2% to $734.62M. From fiscal 2022 to 2025, combined revenue from these lines grew from $717.40M to $838.65M, a compound annual growth rate of 5.3%. Commissions' share of the total fell from 89.4% to 87.6%.
Marketaxess Holdings (MKTX) reports its revenue by geography and by product and service. In fiscal 2025, United States was its largest region, bringing in $568.38M (67.2% of the total), followed by United Kingdom at $177.26M (20.9%).
United States was Marketaxess Holdings' largest region in fiscal 2025, bringing in $568.38M, or 67.2% of the $846.27M total across its three regions.
Commissions was Marketaxess Holdings' largest product and service line in fiscal 2025, bringing in $734.62M, or 87.6% of the $838.65M total across its four product and service lines.
Among Marketaxess Holdings' regions that make up at least 2% of revenue, Other grew fastest in fiscal 2025, up 16.1% from $86.66M to $100.63M.
Every figure comes from Marketaxess Holdings' annual financial filings, as reported. Each line keeps the name Marketaxess Holdings gives it, and years follow its fiscal calendar.
Marketaxess Holdings' revenue by geography goes back to fiscal 2012, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.