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MarketAxess

OverviewSuggest Edit

MarketAxess operates an electronic trading platform that enables fixed-income market participants to efficiently trade corporate bonds and other types of fixed-income instruments. The Company's trading system supports electronic trading in the U.S. high-grade corporate bonds, Eurobonds, high yield/crossover bonds, emerging markets bonds, agency securities, structured products, preferred stock, and credit default swaps.

TypePublic
Founded2000
HQNew York, NY, USMap
Websitemarketaxess.com
Employee Ratings4.2More
Overall CultureD-More
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Latest Updates

Employees (est.) (Dec 2019)527(+17%)
Revenue (FY, 2020)$689.1 M(+35%)
Share Price (Mar 2021)$579.1 (+5%)
Cybersecurity ratingBMore

MarketAxess Office Locations

MarketAxess has offices in New York and London
New York, NY, US (HQ)
299 Park Ave
London, GB
5 Aldermanbury
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MarketAxess Financials and Metrics

MarketAxess Revenue

MarketAxess's revenue was reported to be $689.13 m in FY, 2020
USD

Revenue (FY, 2020)

689.1m

Net income (FY, 2020)

299.4m

EBIT (FY, 2020)

374.7m

Market capitalization (1-Mar-2021)

22.0b

Closing stock price (1-Mar-2021)

579.1

Cash (31-Dec-2020)

460.9m

EV

21.6b
MarketAxess's current market capitalization is $22 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

181.1m198.2m238.7m262.8m303.1m369.9m397.5m435.6m511.4m689.1m

Revenue growth, %

25%10%15%22%

Sales and marketing expense

4.9m5.5m4.6m5.8m6.1m8.9m9.8m12.1m11.6m7.9m

General and administrative expense

7.9m8.6m8.9m9.7m13.0m15.6m12.6m11.4m15.7m12.7m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

45.8m46.6m50.7m48.8m48.3m55.6m65.6m61.1m63.4m65.0m64.2m76.8m75.5m74.2m88.6m96.6m90.3m103.9m97.3m96.7m114.7m107.0m101.4m124.5m125.5m131.6m169.0m184.8m164.0m

Sales and marketing expense

1.2m1.3m1.4m1.7m1.1m985.0k1.4m1.2m1.2m1.8m1.3m1.2m1.8m1.3m1.8m1.8m2.1m1.9m2.8m2.1m2.1m3.5m3.0m2.3m3.7m2.5m2.7m1.8m1.1m

General and administrative expense

1.8m1.7m2.1m2.0m2.1m2.6m2.1m1.9m2.2m2.3m2.6m2.7m3.3m3.5m3.9m4.2m3.7m2.7m2.9m3.4m2.5m2.7m2.7m3.1m3.8m3.8m3.1m3.3m3.5m

R&D expense

2.7m2.8m3.0m3.0m3.3m3.2m4.1m4.5m4.5m4.4m4.4m4.3m4.0m3.9m4.3m4.3m4.2m4.6m4.8m5.0m5.8m5.8m5.9m5.8m6.5m7.4m8.2m8.6m8.4m
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Annual
USDY, 2009Y, 2010FY, 2011Y, 2011Y, 2012FY, 2012FY, 2013Y, 2013Y, 2014FY, 2014Y, 2015FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

103.3m125.0m169.6m169.6m128.9m128.9m132.7m132.7m168.9m168.9m199.7m199.7m168.2m167.0m246.3m270.1m460.9m

Accounts Receivable

36.2m31.0m34.2m33.8m40.5m52.6m57.5m62.0m79.6m

Prepaid Expenses

8.5m8.1m10.6m6.7m9.9m18.7m22.5m30.8m29.0m

Inventories

Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

135.8m157.6m119.8m129.6m150.1m125.9m135.5m119.0m130.0m133.2m155.1m161.0m169.3m160.4m138.0m153.3m161.4m137.7m128.1m139.0m156.2m170.7m210.1m261.0m286.2m320.5m363.8m404.1m310.4m

Accounts Receivable

34.5m31.9m33.0m33.2m33.4m35.5m41.8m36.9m39.1m40.9m36.9m46.1m46.9m49.3m52.8m62.9m56.6m56.6m55.2m63.0m67.5m61.9m62.0m70.9m66.3m72.8m93.6m99.2m81.7m

Prepaid Expenses

12.3m10.9m6.8m13.7m8.6m8.9m11.2m10.5m9.3m12.4m8.8m7.2m12.6m7.2m12.8m13.5m11.8m13.8m21.1m16.2m17.9m21.0m18.6m17.2m22.6m18.6m20.3m41.1m26.2m

PP&E

13.4m14.1m14.9m15.0m18.5m18.7m26.4m27.6m33.4m34.4m32.8m31.2m31.3m31.0m32.1m31.5m30.8m33.9m34.6m35.3m39.6m50.1m54.3m61.0m64.2m66.5m74.9m78.5m82.1m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

47.7m60.1m76.0m74.8m96.0m126.2m148.1m172.9m204.9m299.4m

Depreciation and Amortization

6.8m8.2m13.1m17.4m18.5m17.8m19.3m23.1m26.9m36.0m

Accounts Payable

178.0k(714.0k)1.2m(950.0k)(9.0k)2.3m(1.6m)14.4m(1.5m)6.0m

Cash From Operating Activities

65.5m81.6m90.9m110.0m120.2m80.3m168.0m223.9m265.9m404.5m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

22.7m36.2m13.5m26.1m39.6m15.3m34.7m52.9m17.5m35.7m53.2m24.6m48.8m71.5m29.0m62.1m93.0m42.5m80.5m114.6m47.9m88.4m127.0m52.5m100.6m154.6m74.8m158.7m226.4m

Depreciation and Amortization

3.2m5.0m1.9m3.8m5.9m2.6m7.1m9.3m4.1m8.5m13.0m4.6m9.2m13.9m4.7m9.2m13.5m4.7m9.5m14.1m5.3m11.1m17.2m6.1m12.4m19.1m8.1m16.4m25.4m

Accounts Payable

(195.0k)497.0k2.4m242.0k449.0k5.0m3.0m7.1m4.7m4.1m(1.5m)849.0k1.2m1.2m4.7m2.7m2.6m1.1m(441.0k)(2.9m)307.0k5.6m4.6m(3.8m)(877.0k)(2.0m)15.9m3.5m5.8m

Cash From Operating Activities

19.4m46.8m13.4m25.9m53.3m10.3m30.2m67.3m10.1m36.4m68.6m10.0m40.6m76.3m(57.4m)(28.7m)24.0m30.5m69.1m121.6m31.4m85.8m153.8m39.4m109.1m176.8m120.4m225.2m176.9m
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Show all financial metrics

MarketAxess Operating Metrics

MarketAxess's Enterprise Customers was reported to be 1.2 k in FY, 2016.
FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017

Enterprise Customers

1 k1 k1.20 k

Patents Issued

13 13 13

Total Bond Trading Volume

$767 b$243.68 b$244.74 b$239.73 b$250.37 b$978.50 b$310.02 b$338.28 b$322.15 b$338.26 b$1.31 t$394.42 b$361.51 b

Transactions

1.10 b1 b1.20 b
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MarketAxess Acquisitions / Subsidiaries

Company NameDateDeal Size
LiquidityEdgeAugust 14, 2019$150 m

MarketAxess Revenue Breakdown

Embed Graph

MarketAxess revenue breakdown by geographic segment: 85.0% from United States, 14.6% from United Kingdom and 0.4% from Other

MarketAxess Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

Learn more about our premium products
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MarketAxess Online and Social Media Presence

MarketAxess's Trends

Embed Graph

MarketAxess Company Culture

  • Overall Culture

    D-

    54/100

  • CEO Rating

    A+

    90/100

  • Compensation

    A

    84/100

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MarketAxess News and Updates

February 25, 2021

MarketAxess to Participate in the 42nd Annual Raymond James Institutional Conference

NEW YORK, Feb. 25, 2021 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced that Rick McVey, Cha…
February 02, 2021

MarketAxess Announces Monthly Volume Statistics for January 2021

Company Reports Record Total Credit Average Daily Trading Volume Company Reports Record Total Credit Average Daily Trading Volume
January 27, 2021

MarketAxess Reports Fourth Quarter 2020 Revenues of $171.3 Million, Operating Income of $91.7 Million and Diluted EPS of $1.91

12 Consecutive Years of Record Volume, Revenue and Earnings
January 13, 2021

MarketAxess Appoints Raj Paranandi as Chief Operating Officer for EMEA & APAC

LONDON, Jan. 13, 2021 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced the appointment of Raj…
January 05, 2021

MarketAxess Announces Monthly Volume Statistics for December 2020

NEW YORK, Jan. 05, 2021 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced monthly trading volu…
December 02, 2020

MarketAxess Announces Monthly Volume Statistics for November 2020

NEW YORK, Dec. 02, 2020 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced monthly trading volu…
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MarketAxess Blogs

December 09, 2020

MarketAxess Launches Centralized Fixed Income Trading Marketplace with Integrated U.S. Treasury Market Liquidity

NEW YORK , Dec. 09, 2020 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced the launch of a
November 24, 2020

MarketAxess to Participate in the Nasdaq 43rd Virtual Investor Conference

NEW YORK , Nov. 24, 2020 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced that Tony DeLise ,
November 03, 2020

MarketAxess Announces Monthly Volume Statistics for October 2020

MarketAxess Announces Monthly Volume Statistics for October 2020 Content Import Tue, 11/03/2020 - 16:16 MarketAxess Announces Monthly Volume Statistics for October 2020 November 3, 2020 at 4:15 PM EST This release is a backfill from a News Wire …
October 21, 2020

Goldman Sachs Adds Streaming Firm Pricing to MarketAxess’ Live Markets Order Book

NEW YORK , Oct. 21, 2020 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq: MKTX) today announced that Goldman Sachs & Co. LLC has committed to become a dedicated market maker and is actively contributing streaming prices for US investment grade corporate bonds to the MarketAxess Live Market…
October 05, 2020

MarketAxess Announces Monthly Volume Statistics for September 2020

NEW YORK , Oct. 05, 2020 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced monthly trading
September 09, 2020

New York Fed Designates MarketAxess as Eligible Seller for Secondary Market Corporate Credit Facility

New York Fed Designates MarketAxess as Eligible Seller for Secondary Market Corporate Credit Facility Content Import Wed, 09/09/2020 - 12:53 New York Fed Designates MarketAxess as Eligible Seller for Secondary Market Corporate Credit Facility September 9, 2020 at 12:53 PM …
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 MarketAxess Frequently Asked Questions

  • When was MarketAxess founded?

    MarketAxess was founded in 2000.

  • How many employees does MarketAxess have?

    MarketAxess has 527 employees.

  • What is MarketAxess revenue?

    Latest MarketAxess annual revenue is $689.1 m.

  • What is MarketAxess revenue per employee?

    Latest MarketAxess revenue per employee is $1.3 m.

  • Who are MarketAxess competitors?

    Competitors of MarketAxess include Intercontinental Exchange, 4finance and Rupeek.

  • Where is MarketAxess headquarters?

    MarketAxess headquarters is located at 299 Park Ave, New York.

  • Where are MarketAxess offices?

    MarketAxess has offices in New York and London.

  • How many offices does MarketAxess have?

    MarketAxess has 2 offices.