MKTX logo

MarketAxess Holdings Inc. Stock Price

NasdaqGS:MKTX Community·US$4.2b Market Cap
  • 3 Narratives written by author
  • 0 Comments on narratives written by author
  • 31 Fair Values set on narratives written by author

MKTX Share Price Performance

US$0
-219.28 (-100.00%)
US$195.45
Fair Value
US$0
-219.28 (-100.00%)
Price US$0

MKTX Community Narratives

·
Fair Value US$195.45 41.7% undervalued intrinsic discount

Analyst Commentary Highlights Mixed Outlook and Lower Price Target for MarketAxess Holdings

0users have liked this narrative
0users have commented on this narrative
15users have followed this narrative
·
Fair Value US$242.83 53.1% undervalued intrinsic discount

Digitization And Automation Will Revolutionize Global Fixed Income Trading

0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
·
Fair Value US$130 12.3% undervalued intrinsic discount

Consolidation And Cyber Risks Will Undermine Market Relevance

0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
US$130
12.3% undervalued intrinsic discount
Revenue
4.65% p.a.
Profit Margin
28.53%
Future PE
17.18x
Price in 2029
US$159.98
US$195.45
41.7% undervalued intrinsic discount
Revenue
7.81% p.a.
Profit Margin
33.28%
Future PE
20.87x
Price in 2029
US$243.23

Trending Discussion

Updated Narratives

MKTX logo

MKTX: E Trading Share Stabilization And Data Expansion Will Drive Re Rating

Fair Value: US$130 12.3% undervalued intrinsic discount
1 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
MKTX logo

MKTX: AI And Global Expansion Will Support Future Electronic Credit Trading Upside

Fair Value: US$242.83 53.1% undervalued intrinsic discount
1 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
MKTX logo

MKTX: Higher Rates Seen Pressuring Volumes While Market Share Supports Upside

Fair Value: US$195.45 41.7% undervalued intrinsic discount
15 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative

Snowflake Analysis

Solid track record with excellent balance sheet and pays a dividend.

0 Risks
4 Rewards

MarketAxess Holdings Inc. Key Details

US$871.1m

Revenue

US$330.5m

Cost of Revenue

US$540.6m

Gross Profit

US$231.1m

Other Expenses

US$309.4m

Earnings

Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
n/a
8.71
62.06%
35.52%
19.0%
View Full Analysis

About MKTX

Founded
2000
Employees
868
CEO
Christopher Concannon
WebsiteView website
www.marketaxess.com

MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms in the United States, the United Kingdom, and internationally. The company offers trading technology to access liquidity on its platforms in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S. government bonds, and other fixed-income securities; and executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds through its Open Trading protocols. It also provides automated and algorithmic trading solutions, such as X-Pro, a trading platform to combine trading protocols with its proprietary data and pre-trade analytics; and integrated and actionable data offerings, including CP+ and Axess All, a real-time pricing engine, including Auto-X and portfolio trading. In addition, the company offers various pre-and post-trade services, such as processing, trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. The company was incorporated in 2000 and is headquartered in New York, New York.

Recent MKTX News & Updates

Seeking Alpha Jul 08

MarketAxess: A High-ROIC Company Trading At An Attractive Valuation

Summary MarketAxess is a high-quality, capital-light company with strong returns, now trading at a compelling valuation after significant multiple compression. Despite competitive pressures from Tradeweb and Trumid, MKTX is growing volumes in emerging markets and Eurobonds, supported by innovative electronic trading tools. Volume growth is outpacing fee-per-million (FPM) compression, with Q1 2026 showing 17% volume growth and steady operating margins despite FPM declines. I expect MKTX to deliver a conservative 5-year annual return in the mid-teens, driven by expanding electronic trading penetration and ongoing share repurchases. Read the full article on Seeking Alpha
Narrative Update Jun 26

MKTX: E Trading Share Stabilization And Data Expansion Will Drive Re Rating

The updated analyst price target for MarketAxess Holdings has moved from about $172 to $130, reflecting a reset of fair value as analysts weigh ongoing market share pressure from competitors against a lower valuation and signs that some headwinds may be easing. Analyst Commentary Recent Street research on MarketAxess Holdings highlights a mixed but cautious tone.

Recent updates

No updates