Top line decelerating.
+3.8% YoY versus +8.9% prior. 3y CAGR +5.7%.
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Financial Services · Market Cap: $4.3B
Fundamentals as of 2026-03-31
All analysis on this page is for educational purposes only and does not constitute financial advice. Fair values are model-based estimates. Always do your own research.
The Question
Yes — MarketAxess Holdings Inc.'s 26.0% ROE ranks above the S&P 500 median, and D/E 0.92 stays within healthy bounds.
Financial story
Yes — MarketAxess Holdings Inc.'s 26.0% ROE shows strong capital efficiency, and its 0.92 debt-to-equity stays within healthy bounds.
Bottom line: MKTX is rated BUY by the 1 legendary model, but earns a C sector grade (47/100) in Financial Services. Use the per-tab analysis to form your own view. Drill into the valuation breakdown and sector ranking for the full picture.
+3.8% YoY versus +8.9% prior. 3y CAGR +5.7%.
+3.8%Net margin 29.0% versus 33.5% prior (−4.5pp). Operating 41.2%.
29.0%P/E 13.8x — 57% below the 5y median of 32.3x. Forward 15.0x signals EPS contraction next year.
13.8x0 of 6 legendary investor models rate MKTX a BUY. Fair value estimates and full investor breakdown are in the valuation tab.
MarketAxess Holdings Inc.'s fair value depends on which model you trust. See the per-investor fair-value table in the valuation tab.
MKTX trades at 17.4x earnings. Sector context and per-investor signals are in the valuation tab.
MKTX and SLM differ on P/E, ROE, and revenue growth. See the full MKTX vs SLM compare matrix.
Munger evaluates MKTX against his respective frameworks. Per-model fair value and reasoning are in the valuation tab.
MKTX's P/E ratio is 17.4x. 5-year P/E history is in the
How does MKTX compare?
See exactly where MKTX ranks
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Sign in to see the rankingMKTX sits at #102 in Financial Services with a C grade (47/100).