MKTX Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

214.50M

+5.98%

1.729

-0.07%

227.82M

+9.23%

2.043

+9.23%

228.51M

+4.12%

2.066

+3.29%

Estimates Revision

The market is revising Downward the revenue expectations for MarketAxess Holdings Inc. (MKTX) for FY2025, with the revenue forecasts being adjusted by -0.36% over the past three months. During the same period, the stock price has changed by -2.01%.

Revenue Estimates for FY2025

Revise Downward

-0.36%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-1.97%

In Past 3 Month

Stock Price

Go Down

-2.01%

In Past 3 Month

8 Analyst Rating

Wall Street analysts forecast MKTX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MKTX is 197.00 USD with a low forecast of 164.00 USD and a high forecast of 240.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Buy

4 Hold

1 Sell

Hold

Current: 0.000

Low

164.00

Averages

197.00

High

240.00

Current: 0.000

Low

164.00

Averages

197.00

High

240.00

Barclays

Benjamin Budish

Equal Weight

downgrade

$188 -> $182

2026-01-08

New

Reason

Barclays

Benjamin Budish

Price Target

$188 -> $182

2026-01-08

New

downgrade

Equal Weight

Reason

Barclays analyst Benjamin Budish lowered the firm's price target on MarketAxess to $182 from $188 and keeps an Equal Weight rating on the shares. The firm updated targets in the brokers, asset managers and exchanges group ahead of the Q4 reports. Total volumes across equities, options, and futures "rose nicely" quarter-over-quarter and volatility picked up sequentially, the analyst tells investors in a research note.

Morgan Stanley

Equal Weight

downgrade

$209 -> $204

2025-12-22

Reason

Morgan Stanley

Price Target

$209 -> $204

2025-12-22

downgrade

Equal Weight

Reason

Morgan Stanley lowered the firm's price target on MarketAxess to $204 from $209 and keeps an Equal Weight rating on the shares. Healthy transactional activity across brokers and exchanges in Q4 drives modest positive revision risk, notes the analyst in a preview. The analyst is raising Q4 EPS estimates by 5% on average, leaving the firm in-line with consensus, the analyst noted.

Argus

Buy

downgrade

$212 -> $205

2025-12-17

Reason

Argus

Price Target

$212 -> $205

2025-12-17

downgrade

Buy

Reason

Argus lowered the firm's price target on MarketAxess to $205 from $212 and keeps a Buy rating on the shares. The company continues to benefit from increased activity and transparency in the fixed-income markets and has achieved increased trading volume and market share, the analyst tells investors in a research note. Looking ahead, the company's market share is expected to remain strong as bond investors continue to shift from traditional trading via phone and messaging to electronic exchange-based transactions, the firm added.

BofA

Eli Abboud

Underperform

downgrade

$176 -> $167

2025-12-10

Reason

BofA

Eli Abboud

Price Target

$176 -> $167

2025-12-10

downgrade

Underperform

Reason

BofA analyst Eli Abboud lowered the firm's price target on MarketAxess to $167 from $176 and keeps an Underperform rating on the shares. Looking ahead to 2026, the firm now favors the alternative asset managers to online brokers due to what it sees as a better valuation and positioning setup combined with a stronger macro backdrop, the analyst tells investors in a note on the brokers, asset managers and exchanges group.

William Blair

Jeff Schmitt

Outperform

maintain

2025-12-09

Reason

William Blair

Jeff Schmitt

Price Target

2025-12-09

maintain

Outperform

Reason

William Blair analyst Jeff Schmitt keeps an Outperform rating on MarketAxess after the company initiated financial targets for 2026 to 2028. MarketAxess expects to generate revenue growth of 8%-9% per year, on average, the analyst tells investors in a research note. Blair believes the company's increased share repurchase authorization will be "highly accretive" to earnings with the stock trading at the low end of its historical range. The buybacks should add about 3% to earnings growth next year, the analyst tells investors in a research note.

Morgan Stanley

Michael Cyprys

Overweight -> Equal Weight

downgrade

$247 -> $209

2025-11-20

Reason

Morgan Stanley

Michael Cyprys

Price Target

$247 -> $209

2025-11-20

downgrade

Overweight -> Equal Weight

Reason

Morgan Stanley analyst Michael Cyprys downgraded MarketAxess to Equal Weight from Overweight with a price target of $209, down from $247. The firm believes a "benign" credit outlook and strong backdrop for new issuances into 2026 will likely weigh on MarketAxess' market share. The firm sees a slower revenue and earnings growth profile for the company over the next years. In addition, MarketAxess' newer protocols and initiatives may take longer to gain traction, adds Morgan Stanley.

Valuation Metrics

The current forward P/E ratio for Marketaxess Holdings Inc (MKTX.O) is 22.64, compared to its 5-year average forward P/E of 40.23. For a more detailed relative valuation and DCF analysis to assess Marketaxess Holdings Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

5Y Average PE

40.23

Current PE

22.64

Overvalued PE

54.60

Undervalued PE

25.86

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

5Y Average EV/EBITDA

25.64

Current EV/EBITDA

13.87

Overvalued EV/EBITDA

35.62

Undervalued EV/EBITDA

15.66

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

14.15

Current PS

7.39

Overvalued PS

19.94

Undervalued PS

8.35

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders areSelling! The selling amount has increased 697.29% over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders areSelling! The selling amount has increased 697.29% over the last month.

Sold

Bought

MKTX News & Events

Events Timeline

No data

News

7.5

01-07Newsfilter

MarketAxess Reports Record Q4 Trading Volume with 29% Growth in Client-Initiated Trades

7.5

2025-12-17Businesswire

MarketAxess Surpasses $1 Trillion in Emerging Markets Trading Volume

6.0

2025-12-17Benzinga

Apple Expected to Surge by 15%? Check Out 10 Leading Analyst Predictions for Wednesday

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Frequently Asked Questions

What is Marketaxess Holdings Inc (MKTX) stock price today?

The current price of MKTX is 168.77 USD — it has decreased -1.7 % in the last trading day.

What is Marketaxess Holdings Inc (MKTX)'s business?

MarketAxess Holdings Inc. operates electronic trading platforms. The Company offers end-to-end trading solutions, including the operation of electronic platforms for the trading of fixed-income and other securities and related data, analytics compliance tools, post-trade services, automated trading services and technology services. The Company provides an Open Trading marketplace which offers an all-to-all trading solution in the global credit markets, creating a liquidity pool for a range of credit market participants. It leverages its diverse set of trading protocols, automated and algorithmic trading solutions, intelligent data and index products and a range of post-trade services to provide an end-to-end trading solution to its robust network of platform participants. The Company also provides several integrated and actionable data offerings, including CP+ and Axess All, to assist clients. Its RFQ-hub platform is a bilateral multi-asset and multi-dealer request for quote platform.

What is the price predicton of MKTX Stock?

What is Marketaxess Holdings Inc (MKTX)'s revenue for the last quarter?

Marketaxess Holdings Inc revenue for the last quarter amounts to 204.87M USD, increased 1.26 % YoY.

What is Marketaxess Holdings Inc (MKTX)'s earnings per share (EPS) for the last quarter?

Marketaxess Holdings Inc. EPS for the last quarter amounts to 1.84 USD, decreased -3.16 % YoY.

What changes have occurred in the market's expectations for Marketaxess Holdings Inc (MKTX)'s fundamentals?

How many employees does Marketaxess Holdings Inc (MKTX). have?

Marketaxess Holdings Inc (MKTX) has 891 emplpoyees as of January 10 2026.

What is Marketaxess Holdings Inc (MKTX) market cap?

Today MKTX has the market capitalization of 6.27B USD.