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MKMKTX

MarketAxess Holdings Inc.

$MKTX·$4.0B·Financial - Capital Markets·Financial Services
$113.80-1.5%YTD-35.9%1Y-45.9%
Mentions · last 7 days
2026-07-11: 15 posts2026-07-12: 31 posts2026-07-13: 45 posts2026-07-14: 15 posts2026-07-15: 17 posts2026-07-16: 7 posts2026-07-17: 5 posts139+10%
Price updated 16h ago·X counts updated 14h ago
MKMKTX
$MKTXMarketAxess Holdings Inc.
$113.80-1.47%139 posts+10%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Today's AI verdict on what's driving $MKTX, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersWinding up for a moveAI verdict · as of 2026-07-18

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

MarketAxess is 46% off twelve-month highs at 13x — Q2 August 7 print into ADV slippage concerns.

MarketAxess Holdings is the electronic-corporate-bond-trading platform whose thesis rests on continued e-bond market-share growth plus specific institutional-adoption momentum. No X sentiment sample exists for this bundle.

  • The specific tape damage is severe — down about 35.9% year-to-date and 46% over twelve months at a $4B market cap; that shape captures the specific reset that happened as ADV (Average Daily Volume) trend concerns weighed on the multiple.
  • The mechanics defend a value case cleanly — trailing P/E of only 13.3, gross margin above 70.5%, operating margin near 41.1%, ROIC of 12.9%, free-cash-flow yield above 5.7%, and debt-to-equity of 0.25; those are best-in-class electronic-exchange economics.
  • The specific bull framing is real — 'MarketAxess: A High-ROIC Company Trading At An Attractive Valuation' and 'Top 50 High-Quality Dividend Growth Stocks For July 2026' from the news column capture the specific quality-plus-value combination that has flow support.
  • The specific bear catalyst is real — 'MarketAxess Q2 Sneak Peek: A Trillion-Dollar Quarter, But ADV Slips' captures the specific ADV-slippage concern that the print has to address.
  • The specific dated event is Q2 earnings on August 7, 2026; that is where the market wants to see market-share disclosure, ADV trends, and reaffirmed 2026 fee-per-transaction discipline.

This coils into August 7 earnings — a beat with a firm ADV trend disclosure plus reaffirmed 2026 market-share momentum restarts the trend; another ADV-slippage quarter or a specific competitive-share disclosure resolves the coil lower against the still-reset tape.

What to watch: August 7 Q2 earnings — firm ADV trend disclosure and reaffirmed 2026 market-share momentum. Another ADV-slippage quarter or specific competitive-share disclosure resolves the coil lower.

On the calendar: 2026-08-07 — Q2 earnings

no x sentimentadv slippage concernhigh roic electronic exchangevalue multiple

Read the AI verdict + X sentiment for $MKTX

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Electronic trading platform for institutional bond trading in corporate credit and US Treasuries.

Industry overviewAI analysisGenerated by AI from underlying data

Where Financial - Capital Markets sits in its cycle right now — and what that implies for $MKTX.

Financial - Capital Markets · Financial Services

No material change from last week — Robinhood reporting its highest single-day signups confirms the retail infrastructure layer directly benefits from high-profile IPO cycles.

What this means for $MKTX

Neutral — Electronic trading platform for institutional bond trading in corporate credit and US Treasuries; end markets and revenue mix have limited overlap with the retail trading surge and IPO/crypto market cycle.

Top industry ETF

$IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF
+4.7%YTD
+8.6%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
13.3How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
12.9%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
41.1%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
5.7%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
4.7Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
24.3%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
70.5%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.2Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q1 2026May 7, 2026$2.25$2.15+4.7%
Q4 2025Feb 6, 2026$1.68$1.65+1.8%
Q3 2025Nov 7, 2025$1.84$1.70+8.2%
Q2 2025Aug 6, 2025$2.00$1.94+3.1%
Next earningsFri, Aug 7·consensus EPS $1.88

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$233.4M+12.8%72.9%43.2%$2.21$-75.6M
Q4 FY25$207.4M+2.8%68.1%37.1%$2.51$143.6M
Q3 FY25$210.6M+1.3%69.1%40.2%$1.84$77.2M
Q2 FY25$224.3M+13.7%71.4%43.4%$1.91$91.0M

Forward consensus

5-year forecast · up to 11 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$897.4M$874.5M – $919.4M$7.90$7.33 – $8.1910
FY27$958.5M$913.1M – $991.5M$8.60$7.52 – $9.1611
FY28$1.0B$1.0B – $1.0B$9.48$7.96 – $10.328
FY29$1.1B$1.0B – $1.1B$9.99$9.55 – $10.377
FY30$1.2B$1.1B – $1.2B$12.90$12.32 – $13.397

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.5×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.5%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-8.8%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-28.9%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatLow float · 35.2M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today1.0% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β0.875-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellJul 10Scott PintoffGeneral Counsel and Secretary100 sh$12KSellJun 10Scott PintoffGeneral Counsel and Secretary100 sh$12KSellMay 11Scott PintoffGeneral Counsel and Secretary100 sh$15KSellApr 10Scott PintoffGeneral Counsel and Secretary100 sh$17KSellMar 10Scott PintoffGeneral Counsel and Secretary100 sh$18KSellFeb 10Scott PintoffGeneral Counsel and Secretary100 sh$17K
+ 32 other (24 awards · 7 inkinds · 1 gift) in window

See when $MKTX insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KShareholder voteJun 108-K — Item 5.07: Shareholder vote
AI summary

MarketAxess Holdings held its 2026 Annual Meeting on June 10, 2026, with 31,926,796 shares present (90.75% of outstanding). All twelve director nominees were elected with strong majorities (lowest support: William Cruger at ~95% for), PricewaterhouseCoopers LLP was ratified as independent auditor for fiscal year ending December 31, 2026, and a say-on-pay vote was also conducted (details truncated). The meeting results reflect strong shareholder support across the board for management and governance. Routine annual governance with no material financial or strategic impact.

8-K/AOfficer or director change (amended)Apr 178-K/A — Item 5.02: Officer or director change
AI summary

MKTX (MKTX) filed an 8-K/A amendment to a previously filed Form 8-K current report. The amendment updates or corrects information previously disclosed under Item 5.02. 8-K amendments are filed when material new information becomes available that was not known at the time of the original filing, or when an earlier disclosure contained errors requiring correction. Investors should compare this amendment with the original 8-K to identify what specifically changed or was updated.

3New insider — initial holdingsMar 163
3New insider — initial holdingsMar 23
3New insider — initial holdingsMar 23
8-KOfficer or director changeFeb 178-K — Item 5.02: Officer or director change
8-KMaterial agreementFeb 68-K — Item 1.01: Material agreement · Item 2.02: Earnings release · Item 2.03: Material debt obligation · Item 8.01: Other event
8-KOfficer or director changeJan 268-K — Item 5.02: Officer or director change · Item 7.01: Press release / Reg FD
+ 15 other (9 13Gs · 2 proxys · 1 10-Q · 1 8-K) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

NMR vs. MKTX: Which Stock Is the Better Value Option?zacks.com·3d agoMarketAxess to Host Conference Call Announcing Second Quarter 2026 Financial Results on Friday, August 7, 2026businesswire.com·3d agoTop 50 High-Quality Dividend Growth Stocks For July 2026seekingalpha.com·10d agoMarketAxess: A High-ROIC Company Trading At An Attractive Valuationseekingalpha.com·10d agoMarketAxess Q2 Sneak Peek: A Trillion-Dollar Quarter, But ADV Slipszacks.com·11d ago

In themes

Explore the broader themes this ticker is being talked about under.

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Voices on X · last 7 days

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