Competition & Peer Data API & CSV Delivery

Marketaxess Holdings Inc's Competitiveness

A competitive positioning analysis and financial ratio benchmarking of Marketaxess Holdings Inc (MKTX) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.

Peer Data As of Q2 2026
Competitors Tracked
9
Publicly traded peers
Peer Group Market Share
1.77 %
vs 2.00 % a year ago
Revenue Growth Y/Y
-0.55 %
Peers: 12.88 %
Net Margin
31.28 %
Peers: 31.84 %

Key Findings: Marketaxess Holdings Inc vs Its Competitors

  • TTM: Trailing 12-month revenue of 872M vs 44,876M combined for tracked competitors (1.9% combined share).
  • Trending: Latest-quarter revenue run-rate is holding steady (+0.2% annualized vs trailing 12 months), vs accelerating (+8.3%) for its tracked peer group.
  • Growth: Marketaxess Holdings Inc generated -0.6% revenue growth year over year in Q2 2026, vs 12.9% for its tracked competitors combined.
  • Profitability: Its 31.3% net margin compares with 31.8% for the peer group.
  • Scale: Marketaxess Holdings Inc ranks #41 of 91 companies by market capitalization in the Investment Services industry, holding 0.3% of industry market cap.
  • Peer revenue share: Marketaxess Holdings Inc accounted for 1.8% of combined revenue among its tracked peer group, down from 2.0% a year earlier.
  • Peer differentiation: Revenue per employee of $1.00M compares with $0.57M for the peer group (1.7x).

Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).

MKTX Sales vs. its Competitors, Q2 2026

Marketaxess Holdings Inc reported revenue contraction of 0.55 % year on year in Q2 2026, below its competitors' combined revenue growth of 12.88 %.

With a net margin of 31.28 %, Marketaxess Holdings Inc reported lower profitability than its competitors (31.84 %).

Marketaxess Holdings Inc generated 1.77 % of the combined sales of its peer group, down from 2.00 % a year earlier.

API endpoints for this dataset
https://api.csimarket.com/api/v1/companies/MKTX/competitors
https://api.csimarket.com/api/v1/companies/MKTX/relationships
https://api.csimarket.com/api/v1/companies/MKTX/similar
Programmatic access for models, analytics, and integration workflows.

Marketaxess Holdings Inc vs. its Competitors, Q2 2026

Revenue growth, year on year

Marketaxess Holdings Inc -0.6 %
Competitors combined +12.9 %

Net income growth, year on year

Marketaxess Holdings Inc -4.0 %
Competitors combined +19.5 %

Net margin

Marketaxess Holdings Inc +31.3 %
Competitors combined +31.8 %

Revenue run-rate vs trailing 12 months

Marketaxess Holdings Inc +0.2 %
Competitors combined +8.3 %

TTM net margin

Marketaxess Holdings Inc +35.2 %
Competitors combined +33.3 %

TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.

Competitor Financial Benchmarking - TTM Commercial

TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Marketaxess Holdings Inc and its 4 competitor groupings. Available under Commercial License.

Entity TTM Revenue Latest Q ×4 Rev Run-rate vs TTM TTM Net Income TTM Net Margin
Marketaxess Holdings Inc $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
Competitors combined $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
High-Confidence Competitors (1) $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
Similar-Size Competitors (7) $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
Similar Growth & Profitability (7) $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
Competitor Financial Benchmarking

TTM revenue, run-rate and net margin benchmarking across Marketaxess Holdings Inc's competitor groups requires a Commercial License.

For context: the Investment Services industry grew revenue -2.0% year over year, combined, vs -0.6% for Marketaxess Holdings Inc. Marketaxess Holdings Inc's share of combined industry revenue moved from 0.09% to 0.09%, a gain of 0.00 percentage points.

Marketaxess Holdings Inc's Competitor Quality Breadth

Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).

Entity Profitable Expanding Above Industry Growth Distressed
Marketaxess Holdings Inc Yes Yes No Yes
Competitors combined (9) 89% 89% 56% 33%
High-Confidence Competitors (1) 100% 100% 100% 0%
Similar-Size Competitors (10) 90% 90% 80% 22%
Similar Growth & Profitability (8) 87.50 % (7 of 8) 100.00 % (8 of 8) 37.50 % (3 of 8) 12.50 % (1 of 8)

Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.

Market Share of the Peer Group, Q2 2026

1.8%market share
  • Marketaxess Holdings Inc1.8%
  • Competitors combined98.2%

Share of combined quarterly revenue of Marketaxess Holdings Inc and its 9 tracked competitors.

See Marketaxess Holdings Inc's full market share breakdown »

MKTX Stock Performance relative to its Competitors

MKTX Competitors (weighted) Percent change over the selected range

Marketaxess Holdings Inc's Share Price Performance vs Peer Groups

Trailing 12-month total share price return, and the share of each group that outperformed the U.S.A. 500 over the same period. Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC.
12.5%beat U.S.A. 500
Competitors Combined
(1 of 8)
0%beat U.S.A. 500
High-Confidence
(0 of 1)
40%beat U.S.A. 500
Similar-Size
(4 of 10)
28.6%beat U.S.A. 500
Similar Growth & Profitability
(2 of 7)
Entity TTM Share Price Return
(group: median)
vs U.S.A. 500
Marketaxess Holdings Inc -7.90 % Underperformed
Competitors combined (8) 40.4% 63.2%
High-Confidence Competitors (1) 40.4% 63.2%
Similar-Size Competitors (10) 40.4% 63.2%
Similar Growth & Profitability (7) 40.4% 63.2%
Peer Group Share Price Returns

TTM share price return and U.S.A. 500 outperformance for Marketaxess Holdings Inc's competitor groups requires a Commercial License.

Source: CSIMarket API (daily market-structure computation). Outperformance is trailing-12-month total return vs the U.S.A. 500 over the same window, not risk-adjusted.

MKTX Stock Performance relative to High-Confidence Competitors

MKTX High-Confidence Competitors (equal-weighted, 1) Percent change over the selected range

MKTX Stock Performance relative to Similar-Size Competitors

MKTX Similar-Size Competitors (equal-weighted, 10) Percent change over the selected range

MKTX Stock Performance relative to Similar Growth & Profitability Competitors

MKTX Similar Growth & Profitability Competitors (equal-weighted, 8) Percent change over the selected range

5 Best-Performing Tracked Competitors, Trailing 12 Months

#CompetitorTTM Share Price Returnvs U.S.A. 500
1 Bgc Group Inc 282.9% Outperformed
2 Nasdaq Inc 282.9% Outperformed
3 Cboe Global Markets Inc 282.9% Outperformed
4 Value Line Inc 282.9% Outperformed
5 Cme Group Inc 282.9% Outperformed
Best-Performing Competitor Returns

TTM share price return and U.S.A. 500 outperformance for Marketaxess Holdings Inc's best-performing tracked competitors requires a Commercial License.

Source: CSIMarket API, trailing 12 months.

Marketaxess Holdings Inc's Comment on Competition and Industry Peers

The industry that we participate in is highly competitive and we expect competition to intensify in the future. We face four main areas of competition:

·
Telephone and Direct Electronic Communications — We compete with bond trading business conducted over the telephone, e-mail or instant messaging between broker-dealers and their institutional investor clients. Institutional investors have historically purchased fixed-income securities by telephoning or otherwise communicating via e-mail or instant messaging with bond sales professionals at one or more broker-dealers and inquiring about the price and availability of individual bonds. This remains the manner in which the majority of corporate bonds are still traded between institutional investors and broker-dealers.

·
Other electronic trading platforms — There are numerous other electronic trading platforms currently in existence, including several that have only commenced, or announced an intention to launch, operations in the last twelve months. Among others, Bloomberg and TradeWeb operate- multi-dealer to institutional investor trading platforms for both fixed-income securities and derivatives. The New York Stock Exchange also offers exchange-style trading for corporate bonds. In addition, some broker-dealers and institutional investors operate proprietary electronic trading systems that enable institutional investors to trade directly with a broker-dealer, and/or with other institutional investors over an electronic medium. As we expand our business into new products, we will likely come into more direct competition with other electronic trading platforms or firms offering traditional services.

·
Market data and information vendors — Several large market data and information providers currently have a data and analytics relationship with virtually every institutional firm. Some of these entities, including Bloomberg, currently offer varying forms of electronic trading of fixed-income securities, mostly on a single-dealer basis. Some of these entities have announced their intention to expand their electronic trading platforms or to develop new platforms. These entities are currently direct competitors to our information services business and already are or may in the future become direct competitors to our electronic trading platform.

Other approved regulatory mechanisms — We compete with other approved regulatory mechanisms in Europe that have the FCA’s ARM designation and provide post-trade matching and regulatory transaction reporting services, including the London Stock Exchange’s UnaVista.


Competitors, including companies in which some of our clients have invested, have developed electronic trading platforms or have announced their intention to explore the development of electronic trading platforms that compete or will compete with us. Furthermore, some of our clients have made, and may in the future continue to make, investments in or enter into agreements with other businesses that directly or indirectly compete with us.
In general, we compete on the basis of a number of key factors, including:

broad network of broker-dealer and institutional investor clients using our electronic trading platform;

liquidity provided by the participating broker-dealers and, to a growing extent, by other institutional investors;

magnitude and frequency of price improvement;

enhancing the quality and speed of execution;

compliance benefits;

total transaction costs;

technology capabilities, including the reliability and ease of use of our electronic trading platform; and

range of products, protocols and services offered.
We believe that our ability to grow volumes and revenues will largely depend on our performance with respect to these factors.
Our competitive position is also enhanced by the familiarity and integration of our broker-dealer and institutional investor clients with our electronic trading platform and other systems. We have focused on the unique aspects of the credit markets we serve in the development of our platform, working closely with our clients to provide a system that is suited to their needs.


Our broker-dealer clients have invested in building API’s with us for inventory contributions, electronic trading, government bond benchmark pricing and post-trade messaging. We believe that we have successfully built deep roots with our broker-dealer clients, increasing our level of service to them while at the same time increasing their commitment to our services.


Furthermore, a significant number of our institutional investor firms have built interfaces to enable them to communicate electronically between our platform and their order, portfolio management and accounting systems. We believe that this increases the reliance of these institutional investor firms on our services and creates significant competitive barriers to entry.

Publicly Traded Peers of Marketaxess Holdings Inc

Revenue and income for trailing 12 months, in millions of $, except employees
Company Market Cap Revenues Income Employees
Marketaxess Holdings Inc 5,782.15 871.79 307.10 868
Cme Group Inc 96,635.71 6,772.60 4,274.40 3,875
Intercontinental Exchange Inc 87,696.04 13,505.00 4,100.00 12,844
Moody s Corporation 80,825.78 8,183.00 2,798.00 16,076
Nasdaq Inc 52,437.41 8,751.00 1,966.00 25,679
Cboe Global Markets Inc 27,018.04 5,061.30 1,348.70 1,661
SUBTOTAL 370,982.41 49,805.90 15,362.21 86,082
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Sources: Marketaxess Holdings Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Marketaxess Holdings Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.

Marketaxess Holdings Inc's Competitors Named by the Company

Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.
Competitor Basis Confidence Active Sources
The Wall Street Journal Named by the company 85% 2022 to 2026 3
Tradeweb Markets Inc Named by the company 85% 2022 to 2026 3
Bgc Group Inc Named by the company 85% 2022 to 2026 3
Competitor Evidence Detail

Filing basis, confidence, active dates and source counts for Marketaxess Holdings Inc's named competitors require a Commercial License.

Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.

Marketaxess Holdings Inc's Productivity vs Peers Comparison

Revenue and income per employee, trailing 12 months, in $; market cap in millions of $
CompanyMarket CapRevenue / EmployeeIncome / Employee
Marketaxess Holdings Inc 5,782 1,004,368 353,798
Cme Group Inc 96,636 1,747,768 1,103,071
Intercontinental Exchange Inc 87,696 1,051,464 319,215
Moody s Corporation 80,826 509,020 174,048
Nasdaq Inc 52,437 340,784 76,561
Cboe Global Markets Inc 27,018 3,047,140 811,981
PEERS TOTAL 365,200 574,250 176,674
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Marketaxess Holdings Inc's Geographic Revenue Exposure vs Peers

Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.
Company Largest Market 2nd Market 3rd Market
Marketaxess Holdings Inc US 64.79 % GB 22.25 % Other 12.96 %
Moody s Corporation United States 55.74 % EMEA 29.75 % Asia Pacific 8.97 %
Nasdaq Inc United States 75.24 % Non-US 24.76 % -
Morningstar inc United States 72.24 % Europe excluding the United Kingdom 8.29 % UNITED KINGDOM 7.13 %
Clearwater Analytics Holdings Inc United States 73.62 % Non-US 26.69 % -
Bgc Group Inc EMEA 53.51 % Americas 35.54 % Asia Pacific 10.95 %

Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.

Marketaxess Holdings Inc's Business Segment Mix vs Peers

Revenue by operating segment, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).
Company Largest Segment 2nd Segment 3rd Segment
Intercontinental Exchange Inc Exchanges 66.94 % Fixed Income and Data Services 17.80 % Mortgage Technology 14.61 %
Moody s Corporation Rating Revenue 57.12 % Corporate finance 29.79 % Decision Solutions 19.36 %
Nasdaq Inc Market Services 54.19 % Capital Access Platforms 24.53 % Financial Technology 21.29 %
Cboe Global Markets Inc Options 51.50 % North American Equities 36.04 % Europe and Asia Pacific 8.16 %
Morningstar inc Morningstar Data and Analytics 33.49 % PitchBook 26.34 % Morningstar Wealth 15.82 %

Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).

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Marketaxess Holdings Inc's Position in Industry Market Structure

Market-capitalization share and concentration across all 88 companies in Marketaxess Holdings Inc's industry classification, broader than the peer set above. Market cap in millions of $.

Marketaxess Holdings Inc ranks #41 of 88 companies by market capitalization in its industry, holding 0.25 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 607, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).

Rank Company Market Cap Industry Share
1 Morgan Stanley 305,186 13.29 %
2 The Goldman Sachs Group Inc 282,278 12.29 %
3 Blackrock Inc 177,737 7.74 %
4 Schwab Charles Corp 171,118 7.45 %
5 Futu Holdings Ltd 1,234 5.2%
6 Robinhood Markets Inc 1,234 5.2%
7 Cme Group Inc 1,234 5.2%
8 Blackstone Inc 1,234 5.2%
9 Kkr and co inc 1,234 5.2%
10 Intercontinental Exchange Inc 1,234 5.2%
41 Marketaxess Holdings Inc 5,782 0.25 %
Full Industry Market Structure

Market cap and industry share for the rest of Marketaxess Holdings Inc's industry peers requires a Commercial License.

Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.

Marketaxess Holdings Inc's Same-Size Peers & Stock Performance

Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.
Rank Company Market Cap TTM Return 3M Momentum Beta Sharpe (1Y)
36 Stonex Group Inc 8,205 6.59 % -51.33 % 1.64 30.72
37 Morningstar inc 7,337 -16.90 % 16.05 % 0.68 -0.36
38 Victory Capital Holdings Inc 6,832 66.55 % 24.03 % 1.29 1.64
39 Pjt Partners Inc 6,443 -17.83 % -8.67 % 1.09 -0.55
40 Blue Owl Capital Inc 1,234 12.3% 4.5% 1.10 0.80
41 Marketaxess Holdings Inc 5,782 -7.91 % 40.80 % 0.13 -0.14
42 Bgc Group Inc 1,234 12.3% 4.5% 1.10 0.80
43 Marex Group Plc 1,234 12.3% 4.5% 1.10 0.80
44 Ha Sustainable Infrastructure Capital Inc 1,234 12.3% 4.5% 1.10 0.80
45 Piper Sandler Companies 1,234 12.3% 4.5% 1.10 0.80
46 Galaxy Digital Inc 1,234 12.3% 4.5% 1.10 0.80
Full Same-Size Peer Performance

Market cap, return, momentum, beta and Sharpe ratio for the rest of Marketaxess Holdings Inc's same-size peers requires a Commercial License.

Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.

Marketaxess Holdings Inc's Profitability & Cost Structure

Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Investment Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (78 companies).
Metric Company Industry Difference
Gross Margin - 61.67 % (avg) -
Operating Margin 45.71 % industry median +9.6 pp
EBITDA Margin 54.63 % 19.52 % (avg) +35.1 pp
Capital Intensity (Capex / Revenue) 6.62 % 2.93 % (avg) +3.7 pp

Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.

Marketaxess Holdings Inc's Valuation vs Competitive Position

Valuation multiples vs the Investment Services industry average (78 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.
Metric Company Industry Average Difference
P/E 14.9x 23.9x -8.9x
EV / EBITDA 8.4x 12.8x -4.4x
P/B 3.6x 3.0x +0.6x
Return on Equity 24.80 % industry aggregate 8.96 %
Return on Invested Capital 12.67 % 8.46 % (avg) 4.21 %

Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.

Marketaxess Holdings Inc's Multi-Year Financial Trajectory

Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.
Metric 20182019202020212022202320242025
Revenue Growth 8.45 %19.25 %33.14 %1.13 %2.87 %4.71 %8.66 %3.67 %
Operating Margin 50.47 %26.26 %55.96 %50.33 %49.83 %45.62 %45.32 %45.72 %
Return on Invested Capital 18.78 %9.67 %21.09 %15.09 %14.13 %11.68 %11.54 %12.69 %
P/E 46.9x69.3x69.4x56.2x43.3x37.5x33.3x25.9x

Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.

Marketaxess Holdings Inc's Strategic Group Map

Every company in Marketaxess Holdings Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Marketaxess Holdings Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.

Revenue Growth (TTM, %)Operating Margin (%)FRHCICEIVZMarketaxess Holdings IncAMPSEICAMKTROWCNS

Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.

Marketaxess Holdings Inc's BCG Growth-Share Matrix

Relative market share (vs Marketaxess Holdings Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) — a common framework, not a precision instrument.

Question Mark Star Dog Cash Cow Relative Market Share (vs largest competitor) Industry Revenue Growth (%) Marketaxess Holdings Inc

Marketaxess Holdings Inc falls in the Dog quadrant: relative market share of 0.02x vs its largest competitor, in an industry growing revenue 9.2% (median, trailing 12 months).

Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.

Marketaxess Holdings Inc's Competitive Forces (Porter's Five Forces)

Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.
Force Assessment Basis
Competitive Rivalry High Industry HHI of 607 (see Industry Market Structure & Concentration above)
Barriers to Entry High (capital intensive) Capital intensity (capex / revenue) of 6.62 % vs industry average 2.93 % (see Profitability & Cost Structure above)
Supplier Power Not covered on this page See Marketaxess Holdings Inc's dedicated suppliers page for concentration and dependency data
Buyer Power Not covered on this page See Marketaxess Holdings Inc's dedicated customers page for concentration and dependency data
Threat of Substitutes - No systematic data source for cross-product substitution exists in this system; not estimated

Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.

Marketaxess Holdings Inc's Industry Attractiveness & Competitive Strength

A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.

High Strength
Medium Strength
Low Strength
High Attractiveness
Invest / Grow
Invest / Grow
Selective
Medium Attractiveness
Invest / Grow
Selective Marketaxess Holdings Inc
Harvest
Low Attractiveness
Selective
Harvest
Harvest / Divest

Marketaxess Holdings Inc falls in the Medium attractiveness / Medium strength cell: Selective.

Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.

Marketaxess Holdings Inc's SWOT

Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) — not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.

Strengths

  • Operating margin 9.6 points above the industry median.
  • Return on equity 9.0 points above the industry aggregate.

Weaknesses

  • Underperforming the U.S.A. 500 over the trailing 12 months.
  • Low relative market share vs the industry leader (0.02x).
  • Piotroski F-Score of 2 or below, the standard financial-distress signal.

Opportunities

  • Trades at a lower P/E than the industry average (14.9x vs 23.9x) despite a higher return on invested capital -- a possible re-rating opportunity.
  • A meaningful share of tracked competitors (33.30 %) show financial-distress signals, a possible opening to gain share.

Threats

  • High capital intensity requires continuous reinvestment just to keep pace with the industry.

Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.

Marketaxess Holdings Inc's Financial Strength vs Peers Comparison

Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months
CompanyQuick RatioWorking CapitalDebt / EquityAsset Turnover
Marketaxess Holdings Inc 1.74 2.08 0.11 0.40
Cme Group Inc 0.02 1.00 0.12 0.03
Intercontinental Exchange Inc 0.02 0.95 0.68 0.09
Moody s Corporation 0.60 1.44 1.95 0.54
Nasdaq Inc 0.11 1.11 0.74 0.30
Cboe Global Markets Inc 0.71 1.59 0.31 0.51
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.

Marketaxess Holdings Inc's Revenue and Income Growth vs Peers

Quarterly revenue and net income growth, year over year and quarter over quarter
CompanyPeriodRevenue Y/YRevenue Q/QIncome Y/YIncome Q/Q
Marketaxess Holdings Inc Q2 2026-0.6 %-6.4 %-4.0 %-12.5 %
Cme Group Inc Q2 2026+0.8 %-9.2 %+2.9 %-10.8 %
Intercontinental Exchange Inc Q2 2026+9.7 %-2.1 %+12.7 %-31.9 %
Moody s CorporationQ2 2026+15.1 %+5.1 %+51.8 %+33.0 %
Nasdaq Inc Q2 2026+21.1 %+18.5 %+12.2 %-2.3 %
Cboe Global Markets Inc Q2 2026+23.0 %+13.4 %+51.0 %-8.1 %
PEERS TOTAL+15.0 %+4.8 %+19.2 %-7.7 %
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.

Marketaxess Holdings Inc's Peers' Costs of Sales and Capital Expenditures

Context for revenue growth: peer costs and capex, year over year and quarter over quarter
CompanyPeriodCosts Y/YCosts Q/QCapex Y/YCapex Q/Q
Marketaxess Holdings Inc Q2 2026---5.6 %-30.8 %
Cme Group Inc Q2 2026--+28.3 %+8.3 %
Intercontinental Exchange Inc Q2 2026--+56.9 %+48.9 %
Moody s CorporationQ2 2026+5.9 %-2.4 %+21.3 %-4.2 %
Nasdaq Inc Q2 2026+29.8 %+41.4 %+30.5 %+28.3 %
Cboe Global Markets Inc Q2 2026+21.4 %+31.0 %+63.1 %+72.4 %
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Marketaxess Holdings Inc's Returns and Turnover vs Peers

ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover
CompanyROAROIROEReceivables TurnoverInventory Turnover
Marketaxess Holdings Inc 14.16%16.11%24.80%7.37-
Cme Group Inc 2.19%3.58%15.54%9.12-
Intercontinental Exchange Inc 2.60%3.16%14.04%7.35-
Moody s Corporation18.45%21.89%76.52%4.22-
Nasdaq Inc 6.76%7.29%16.28%8.81-
Cboe Global Markets Inc 13.47%18.06%25.66%10.58-
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).

Marketaxess Holdings Inc's Valuation vs Peers

P/E, price to sales, PEG, price to cash flow and price to book
CompanyP/EPrice / SalesPEGP/CFPrice / Book
Marketaxess Holdings Inc 19.426.631.35-4.67
Cme Group Inc 22.6914.271.226.003.64
Intercontinental Exchange Inc 21.926.490.473.162.96
Moody s Corporation29.419.880.81-25.53
Nasdaq Inc 26.945.990.48-4.37
Cboe Global Markets Inc 20.085.340.2913.744.80
PEERS AVERAGE24.157.459.024.49
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Sign in to see all peers for Marketaxess Holdings Inc .

P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.