MarketAxess Holdings

MarketAxess operates a leading electronic trading platform that enables fixed-income market participants to efficiently trade corporate bonds and other types of fixed-income instruments using MarketAxess’ patented trading technology. Over 1,000 investor and broker-dealer firms are active users of the MarketAxess trading platform, accessing global liquidity in U.S. high-grade corporate bonds, European bonds, high yield and emerging markets bonds, agency bonds, municipal bonds, asset-backed and preferred securities and credit default swaps. MarketAxess also offers a number of trading-related products and services, including: market data to assist clients with trading decisions; connectivity solutions that facilitate straight-through processing; technology services to optimize trading environments; and execution services for exchange-traded fund managers and other clients.

Type
Public
HQ
New York, US
Founded
2000
Size (employees)
383 (est)+12%
MarketAxess Holdings was founded in 2000 and is headquartered in New York, US

MarketAxess Holdings Office Locations

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

MarketAxess Holdings Data and Metrics

MarketAxess Holdings Financial Metrics

MarketAxess Holdings's revenue was reported to be $103.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

103.9 m

Net income (Q1, 2017)

42.5 m

Market capitalization (21-Jul-2017)

7.4 b

Cash (31-Mar-2017)

137.7 m
MarketAxess Holdings's current market capitalization is $7.4 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

190.8 m238.7 m262.8 m303.1 m369.9 m

Revenue growth, %

25%10%15%22%

Sales and marketing expense

332.3 m

General and administrative expense

15.6 m

Operating expense total

131.5 m144.2 m155.2 m178.3 m

EBIT

107.3 m

EBIT margin, %

45%

Pre tax profit

191.6 m

Income tax expense

19.5 m31 m27.6 m38.7 m43.7 m51.9 m65.4 m

Net Income

76 m74.8 m96 m126.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

65 m64.2 m76.8 m75.5 m74.2 m88.6 m96.6 m90.3 m103.9 m

Sales and marketing expense

54.3 m54.5 m67 m66.4 m65.2 m79.1 m86.2 m81.5 m94 m

General and administrative expense

2.3 m2.6 m2.7 m3.3 m3.5 m3.9 m4.2 m3.7 m2.7 m

Operating expense total

56.7 m57 m69.7 m69.7 m68.7 m83 m90.4 m85.2 m96.7 m

Pre tax profit

38.5 m37.1 m35.4 m44.4 m50.6 m46.4 m55.6 m

Income tax expense

10.9 m10.8 m13.9 m12.8 m12.6 m15.4 m17.4 m15.4 m13.1 m

Net Income

18.2 m17.5 m24.6 m48.8 m71.5 m29 m62.1 m93 m42.5 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

103.3 m125 m169.6 m128.9 m132.7 m168.9 m199.7 m168.2 m

Total Assets

439 m528 m

Accounts Payable

4.7 m

Total Liabilities

60 m

Common Stock

121 k120 k

Additional Paid-in Capital

321.2 m342.3 m

Retained Earnings

168 m255.1 m

Total Equity

390.7 m468 m

Financial Leverage

1.1 x1.1 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

169.3 m160.4 m138 m153.3 m161.4 m137.7 m

Total Assets

398.9 m416.3 m451.8 m477.1 m502.2 m530.7 m

Common Stock

120 k120 k121 k120 k120 k121 k

Additional Paid-in Capital

313.6 m317.6 m325 m333.3 m337.3 m339.2 m

Retained Earnings

135.7 m151 m187.2 m210.6 m231.7 m285.2 m

Total Equity

359.9 m373.5 m410.4 m436.2 m451.7 m482.4 m

Financial Leverage

1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

76 m74.8 m96 m126.2 m

Depreciation and Amortization

14.1 m17.4 m18.5 m17.8 m

Accounts Receivable

(6.7 m)(10.4 m)

Cash From Operating Activities

3.8 m120.2 m80.3 m

Cash From Investing Activities

(38 m)(53.2 m)

Income Taxes Paid

50.9 m58.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

18.2 m17.5 m24.6 m48.8 m71.5 m29 m62.1 m93 m42.5 m

Depreciation and Amortization

4.4 m4.5 m4.6 m9.2 m13.9 m4.7 m9.2 m13.5 m4.7 m

Cash From Operating Activities

40.6 m76.3 m(57.4 m)(28.7 m)24 m30.5 m

Cash From Investing Activities

(10.9 m)(43.5 m)6.3 m2 m(23.9 m)(29 m)
USDY, 2017

Revenue/Employee

271.3 k

Financial Leverage

1.1 x

MarketAxess Holdings Operating Metrics

MarketAxess Holdings's Enterprise Customers was reported to be 1.2 k in FY, 2016
FY, 2016

Transactions

1.2 b

Enterprise Customers

1.2 k

MarketAxess Holdings Market Value History

MarketAxess Holdings Revenue Breakdown

MarketAxess Holdings Online and Social Media Presence

MarketAxess Holdings News and Updates

MarketAxess Holdings Company Life and Culture

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