MarketAxess reported a strong start to 2026 as first-quarter earnings benefited from high trading volume industrywide. Net revenue increased 12% from last year, while adjusted earnings per share rose 20% to $2.25.
If MarketAxess' efforts to increase electronic penetration of corporate block trades its market share will improve more than expected.
MarketAxess’s revenue base is mostly transactional, weakness in corporate bond trading would likely lead to a decline in revenue.
|
Metric
|
MKTX
|
CME
|
TW
|
|---|---|---|---|
Price/Earnings (Normalized) | 15.00 | 21.74 | 27.01 |
Price/Book Value | 3.48 | 3.48 | 3.21 |
Price/Sales | 4.90 | 13.67 | 9.90 |
Price/Cash Flow | 9.31 | 21.10 | 18.67 |
|
Metric
|
MKTX
|
CME
|
TW
|
|---|---|---|---|
Quick Ratio | 1.77 | 0.02 | 3.56 |
Current Ratio | 1.99 | 1.02 | 3.64 |
Interest Coverage | 85.86 | 32.93 | 599.74 |
|
Metric
|
MKTX
|
CME
|
TW
|
|---|---|---|---|
Return on Assets (Normalized) | 16.69% | 2.30% | 10.96% |
Return on Equity (Normalized) | 26.15% | 15.36% | 13.91% |
Return on Invested Capital (Normalized) | 22.16% | 14.10% | 11.65% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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MS
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| The Goldman Sachs Group Inc
GS
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| Charles Schwab Corp
SCHW
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| Robinhood Markets Inc Class A
HOOD
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| Interactive Brokers Group Inc Class A
IBKR
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| LPL Financial Holdings Inc
LPLA
| Mknwnvrf | Jttm | $23B | |||
| Tradeweb Markets Inc
TW
| Gsfnlrtz | Cnpc | $21B | |||
| IREN Ltd
IREN
| Pbkcdrg | Txzf | $19B | |||
| Evercore Inc Class A
EVR
| Rftvkvsn | Sflcyc | $14B | |||
| Jefferies Financial Group Inc
JEF
| Hzmpqvmm | Sjt | $12B |
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United States