MKTX icon

MarketAxess Holdings

222.69 USD
+3.27
1.49%
At close May 20, 4:00 PM EDT
After hours
222.69
+0.00
0.00%
1 day
1.49%
5 days
4.20%
1 month
0.23%
3 months
17.32%
6 months
-16.11%
Year to date
-1.16%
1 year
3.24%
5 years
-53.41%
10 years
152.03%
 

About: Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being US investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions of LiquidityEdge and MuniBrokers in 2019 and 2021, respectively. The company also provides pre- and post-trade services with its acquisition of Regulatory Reporting Hub from Deutsche Börse Group in 2020 adding to its product offerings.

Employees: 891

0
Funds holding %
of 7,202 funds
0
Analysts bullish %
of 7 analysts

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

113% more call options, than puts

Call options by funds: $40.6M | Put options by funds: $19.1M

100% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2024] → 4 (+2) [Q1 2025]

16% more repeat investments, than reductions

Existing positions increased: 199 | Existing positions reduced: 172

5% more first-time investments, than exits

New positions opened: 80 | Existing positions closed: 76

2% less funds holding

Funds holding: 509 [Q4 2024] → 498 (-11) [Q1 2025]

2.87% less ownership

Funds ownership: 99.84% [Q4 2024] → 96.98% (-2.87%) [Q1 2025]

7% less capital invested

Capital invested by funds: $8.51B [Q4 2024] → $7.91B (-$601M) [Q1 2025]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$191
14%
downside
Avg. target
$243
9%
upside
High target
$295
32%
upside

7 analyst ratings

positive
43%
neutral
43%
negative
14%
Citigroup
Christopher Allen
19%upside
$265
Buy
Maintained
8 May 2025
Barclays
Benjamin Budish
8%upside
$240
Equal-Weight
Maintained
8 May 2025
Piper Sandler
Patrick Moley
9%downside
$202
Neutral
Maintained
8 May 2025
Keefe, Bruyette & Woods
Kyle Voigt
1%upside
$226
Market Perform
Maintained
8 May 2025
Morgan Stanley
Michael Cyprys
27%upside
$283
Overweight
Maintained
8 May 2025

Financial journalist opinion

Based on 14 articles about MKTX published over the past 30 days

Positive
Zacks Investment Research
5 days ago
Strategic Play: MarketAxess Gains Majority Control of RFQ-hub
The move will likely give MKTX more direct influence over RFQ-hub's operations and potential revenue streams.
Strategic Play: MarketAxess Gains Majority Control of RFQ-hub
Neutral
Business Wire
1 week ago
MarketAxess Acquires Majority Control of RFQ-hub Holdings LLC
NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced the completion of its acquisition of a majority stake in the RFQ-hub platform, a bilateral multi-asset and multi-dealer request for quote (RFQ) platform with a focus on equity and fixed-income listed and OTC derivatives, structured products and exchange-traded funds (ETFs). Following the closing, MarketAxess holds approximately a.
MarketAxess Acquires Majority Control of RFQ-hub Holdings LLC
Neutral
Seeking Alpha
1 week ago
MarketAxess Holdings Inc. (MKTX) Q1 2025 Earnings Call Transcript
MarketAxess Holdings Inc. (NASDAQ:MKTX ) Q1 2025 Earnings Call May 7, 2025 10:00 AM ET Company Participants Steve Davidson - Head, Investor Relations Chris Concannon - Chief Executive Officer Ilene Fiszel Bieler - Chief Financial Officer Conference Call Participants Chris Allen - Citi Alex Kramm - UBS Kyle Voigt - KBW Michael Cyprys - Morgan Stanley Alex Blostein - Goldman Sachs Jeff Schmitt - William Blair Patrick Moley - Piper Sandler Chris O'Brien - Barclays Brian Bedell - Deutsche Bank Operator Ladies and gentlemen, thank you for standing by. Welcome to the MarketAxess First Quarter 2025 Earnings Conference Call.
MarketAxess Holdings Inc. (MKTX) Q1 2025 Earnings Call Transcript
Positive
Zacks Investment Research
1 week ago
MarketAxess Q1 Earnings Beat on Emerging Markets Strength
MKTX returns $38.1 million to shareholders in the first quarter via share buybacks.
MarketAxess Q1 Earnings Beat on Emerging Markets Strength
Positive
Zacks Investment Research
1 week ago
MarketAxess (MKTX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for MarketAxess (MKTX) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
MarketAxess (MKTX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Positive
Zacks Investment Research
1 week ago
MarketAxess (MKTX) Q1 Earnings Surpass Estimates
MarketAxess (MKTX) came out with quarterly earnings of $1.87 per share, beating the Zacks Consensus Estimate of $1.82 per share. This compares to earnings of $1.92 per share a year ago.
MarketAxess (MKTX) Q1 Earnings Surpass Estimates
Neutral
Business Wire
1 week ago
MarketAxess Reports First Quarter 2025 Financial Results
NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the first quarter ended March 31, 2025. 1Q25 select financial and operational highlights* Total revenues of $208.6 million, including a decrease of approximately $0.3 million from the impact of foreign currency fluctuations, decreased 1% compared to the prior year. 2% decline in total commission revenue driv.
MarketAxess Reports First Quarter 2025 Financial Results
Neutral
Zacks Investment Research
2 weeks ago
MarketAxess to Post Q1 Earnings: Here's What to Expect From the Stock
MKTX's first-quarter earnings are likely to have witnessed growing expenses and Eurobonds trading volumes.
MarketAxess to Post Q1 Earnings: Here's What to Expect From the Stock
Positive
Zacks Investment Research
2 weeks ago
MarketAxess (MKTX) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Besides Wall Street's top -and-bottom-line estimates for MarketAxess (MKTX), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2025.
MarketAxess (MKTX) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Neutral
Business Wire
2 weeks ago
MarketAxess Announces Trading Volume Statistics for April 2025
NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million (“FPM”) for April 2025.1 Trading Records for April 2025   Total average daily volume (“ADV”) of $57.4 billion Total credit ADV of $18.4 billion Total rates ADV of $39.1 billion U.S. credit block trading ADV of $3.8 billion Emerging markets ADV of $4.3 billion  .
MarketAxess Announces Trading Volume Statistics for April 2025
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