Wall Street analyst estimates for MarketAxess Holdings Inc. (MKTX): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
MarketAxess Holdings Inc. develops and operates a premier electronic trading platform, serving institutional investors and broker-dealers globally. This platform provides essential access to deep liquidity across a broad spectrum of fixed-income assets, including U.S. investment-grade and high-yield corporate bonds, U.S. Treasuries, municipal bonds, emerging market debt, and Eurobonds, among other debt securities.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $893M | $881M – $911M | $7.95 | 6 |
| 2027E | $953M | $923M – $986M | $8.62 | 9 |
| 2028E | $1.0B | $963M – $1.1B | $9.54 | 5 |
Figures in USD · consensus as of November 2, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 2 |
| Hold | 19 |
| Sell | 3 |
| Strong Sell | 0 |
| Total analysts | 24 |
| Avg rating (−2 sell to +2 buy) | -0.04 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-01-28 | $1.86 | ||
| 2026-10-23 | $1.86 | $1.95 | -4.6% |
| 2026-07-30 | $1.95 | $1.85 | +5.4% |
| 2026-05-07 | $2.25 | $2.15 | +4.7% |
| 2026-02-06 | $1.68 | $1.65 | +1.8% |
| 2025-11-07 | $1.84 | $1.70 | +8.2% |
| 2025-08-06 | $2.00 | $1.94 | +3.1% |
| 2025-05-07 | $1.87 | $1.81 | +3.3% |
Valuation Ratios
| P/E Ratio | 20.28 |
| Price / Book | 4.58 |
| Dividend Yield | 1.87% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $369.9M | $397.5M | $435.6M | $511.4M | $689.1M | $701.0M | $718.7M | $750.9M | $817.9M | $849.2M |
| Cost of Revenue | $53.0M | $64.4M | $77.8M | $97.6M | $134.0M | $172.2M | $199.2M | $226.8M | $244.3M | $255.8M |
| Gross Profit | $317.0M | $333.1M | $357.8M | $413.7M | $555.1M | $528.8M | $519.5M | $524.1M | $573.6M | $593.4M |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | $125.4M | $131.3M | $145.2M | $162.9M | $180.4M | $191.5M | $192.7M | $205.4M | $234.7M | $243.4M |
| Operating Income | $191.6M | $201.8M | $212.6M | $250.9M | $374.7M | $337.3M | $326.8M | $318.7M | $338.9M | $350.0M |
| EBITDA | $209.4M | $221.0M | $241.2M | $290.1M | $418.3M | $395.0M | $406.1M | $411.1M | $442.6M | $452.7M |
| Interest Expense | 0 | 0 | 0 | 0 | $1.1M | $842,000 | $700,000 | $2.0M | $1.6M | $1.5M |
| Pre-tax Income | $191.6M | $201.8M | $218.1M | $257.4M | $374.4M | $333.9M | $338.3M | $332.7M | $360.5M | $367.0M |
| Income Tax | $65.4M | $53.7M | $45.2M | $52.5M | $75.0M | $76.0M | $88.1M | $74.6M | $86.4M | $120.1M |
| Net Income | $126.2M | $148.1M | $172.9M | $204.9M | $299.4M | $257.9M | $250.2M | $258.1M | $274.2M | $246.6M |
| EPS | $3.42 | $4.02 | $4.68 | $5.53 | $8.01 | $6.88 | $6.68 | $6.87 | $7.29 | $6.66 |
| EPS (Diluted) | $3.34 | $3.89 | $4.57 | $5.40 | $7.85 | $6.77 | $6.65 | $6.85 | $7.28 | $6.66 |
| Shares Outstanding (Diluted) | 37.7 M | 38.0 M | 37.9 M | 38.0 M | 38.1 M | 38.1 M | 37.6 M | 37.7 M | 37.7 M | 36.8 M |
Price
| Price | $165.68 (closing price, November 3, 2026) |
| Market Cap | $5.8B |
| Exchange | NASDAQ |
| Country | US |
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Explore sector: Financial Services · Financial - Capital Markets
More sections of MKTX: Overview · Financials · Valuation · Technical · Ownership
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