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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 Ratings4.4More
Overall CultureD-More
View Jobs (51)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)527(+17%)
Job Openings51
Revenue (FY, 2020)$689.1 M(+35%)
Share Price (Nov 2021)$388.8(+2%)
Cybersecurity ratingCMore
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MarketAxess Office Locations

MarketAxess has offices in New York and London
New York, NY, US (HQ)
299 Park Ave
London, GB
5 Aldermanbury
Show all (2)

MarketAxess Financials and Metrics

MarketAxess Revenue

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

Revenue (Q1, 2021)

195.5m

Net income (Q1, 2021)

80.5m

EBIT (Q1, 2021)

103.5m

Market capitalization (12-Nov-2021)

14.6b

Closing stock price (12-Nov-2021)

388.8

Cash (31-Mar-2021)

390.9m

EV

14.3b
MarketAxess's current market capitalization is $14.6 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, 2020Q1, 2021

Revenue

45.8m46.6m50.7m48.8m48.3m55.6m65.6m61.1m63.4m65.0m64.2m76.8m75.5m74.2m88.6m96.6m90.3m103.9m97.3m96.7m114.7m107.0m101.4m124.5m125.5m131.6m169.0m184.8m164.0m195.5m

Sales and marketing expense

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

General and administrative expense

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

R&D expense

2.7m2.8m3.0m3.0m3.3m3.2m4.1m4.5m4.5m4.4m4.4m4.3m4.0m3.9m4.3m4.3m4.2m4.6m4.8m5.0m5.8m5.8m5.9m5.8m6.5m7.4m8.2m8.6m8.4m10.0m
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Annual
USDY, 2009Y, 2010FY, 2011Y, 2011FY, 2012Y, 2012FY, 2013Y, 2013FY, 2014Y, 2014FY, 2015Y, 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, 2020Q1, 2021

Cash

135.8m157.6m119.8m129.6m150.1m125.9m135.5m119.0m130.0m133.2m155.1m161.0m169.3m160.4m138.0m153.3m161.4m137.7m128.1m139.0m156.2m170.7m210.1m261.0m286.2m320.5m363.8m404.1m310.4m390.9m

Accounts Receivable

34.5m31.9m33.0m33.2m33.4m35.5m41.8m36.9m39.1m40.9m36.9m46.1m46.9m49.3m52.8m62.9m56.6m56.6m55.2m63.0m67.5m61.9m62.0m70.9m66.3m72.8m93.6m99.2m81.7m87.5m

Prepaid Expenses

12.3m10.9m6.8m13.7m8.6m8.9m11.2m10.5m9.3m12.4m8.8m7.2m12.6m7.2m12.8m13.5m11.8m13.8m21.1m16.2m17.9m21.0m18.6m17.2m22.6m18.6m20.3m41.1m26.2m25.9m

PP&E

13.4m14.1m14.9m15.0m18.5m18.7m26.4m27.6m33.4m34.4m32.8m31.2m31.3m31.0m32.1m31.5m30.8m33.9m34.6m35.3m39.6m50.1m54.3m61.0m64.2m66.5m74.9m78.5m82.1m88.7m
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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, 2020Q1, 2021

Net Income

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

Depreciation and Amortization

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

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)15.9m3.5m5.8m2.6m

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(23.2m)
show all
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 k1.2 k

Patents Issued

131313

Total Bond Trading Volume

$767 b$243.68 b$244.74 b$239.73 b$250.37 b$978.5 b$310.02 b$338.28 b$322.15 b$338.26 b$1.31 t$394.42 b$361.51 b

Transactions

1.1 b1 b1.2 b
Show all operating metrics

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

C

73/100

Learn more about our premium products
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MarketAxess Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 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-

    57/100

  • CEO Rating

    C-

    65/100

  • Compensation

    C+

    69/100

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MarketAxess News and Updates

November 17, 2021

MarketAxess Extends Emerging and Frontier Markets Liquidity to Include Egypt, Hong Kong and Serbia

Clients now able to trade EM debt denominated in 28 local currencies as EM trading volumes rise to a record of over $488 billion for the first three quarters of 2021 Clients now able to trade EM debt denominated in 28 local currencies as EM trading volumes rise to a record of over $488 billion for t…
November 03, 2021

MarketAxess Announces Monthly Volume Statistics for October 2021

Company Reports Record Monthly Portfolio Trading and Municipal Bonds Trading Volume Company Reports Record Monthly Portfolio Trading and Municipal Bonds Trading Volume
October 20, 2021

MarketAxess Reports Third Quarter 2021 Revenues of $162.1 Million, Operating Income of $74.0 Million and Diluted EPS of $1.52

Third Quarter Highlights*
October 18, 2021

Kathryn Sweeney Joins MarketAxess as Head of Index and ETF Solutions

NEW YORK, Oct. 18, 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 K…
October 05, 2021

MarketAxess Announces Monthly Volume Statistics for September 2021

NEW YORK, Oct. 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…
September 27, 2021

MarketAxess Extends Its Global Fixed Income Trading Network to China’s Bond Market

Connection to the China Foreign Exchange Trade System (CFETS) will provide over 1,800 global investors with enhanced access to China’s onshore bond market Connection to the China Foreign Exchange Trade System (CFETS) will provide over 1,800 global investors with enhanced access to China’s onshore bo…
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MarketAxess Blogs

September 30, 2021

MarketAxess to Host Conference Call Announcing Third Quarter 2021 Results on Wednesday, October 20, 2021

MarketAxess to Host Conference Call Announcing Third Quarter 2021 Results on Wednesday, October 20, 2021 Content Import Thu, 09/30/2021 - 12:01 MarketAxess to Host Conference Call Announcing Third Quarter 2021 Results on Wednesday, October 20, 2021 September 30, 2021 at 12:0…
August 12, 2021

MarketAxess Announces 2021 Virtual Investor Day

MarketAxess Announces 2021 Virtual Investor Day Content Import Thu, 08/12/2021 - 12:00 MarketAxess Announces 2021 Virtual Investor Day August 12, 2021 at 12:00 PM EDT This release is a backfill from a News Wire Press Releases …
August 02, 2021

Christopher N. Gerosa

Christopher N. Gerosa Liz.McPherson@… Mon, 08/02/2021 - 14:20 Christopher N. Gerosa Chief Financial Officer Mr. Gerosa has been Chief Financial Officer since August 2021. Prior to his current role, Mr. Gerosa was Head of Accounting and Fi…
June 02, 2021

MarketAxess Announces Monthly Volume Statistics for May 2021

NEW YORK , June 02, 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
May 27, 2021

Barclays Adds Streaming Firm Pricing To MarketAxess' Live Markets Order Book

Barclays Adds Streaming Firm Pricing To MarketAxess' Live Markets Order Book Content Import Thu, 05/27/2021 - 08:04 Barclays Adds Streaming Firm Pricing To MarketAxess' Live Markets Order Book May 27, 2021 at 8:00 AM EDT This release is a backfill from a News …
April 05, 2021

MarketAxess Announces Monthly Volume Statistics for March 2021

MarketAxess Announces Monthly Volume Statistics for March 2021 Content Import Mon, 04/05/2021 - 16:00 MarketAxess Announces Monthly Volume Statistics for March 2021 April 5, 2021 at 4:00 PM EDT This release is a backfill from a News Wire …
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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, CURO and 10x Banking.

  • 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.