MarketAxess Holdings Inc. (MKTX) Revenue-to-Profit Sankey Flow & SEC XBRL Financials
MarketAxess Holdings Inc. (MKTX) carries a Roarable Rating of C+ (Hold) with 67/100 RQD Confidence. The underlying business is intact, so current owners don’t need to panic-sell—but mixed big-money flow or rich pricing means new buyers can afford to wait for either a pullback or a B-or-higher upgrade.
How MKTX Turns Every Dollar of Sales Into Real Bottom-Line Profit
Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory
| Fiscal Year | Revenue | Gross Margin | Op Margin | Net Profit | Free Cash Flow | ROIC % |
|---|---|---|---|---|---|---|
| FY 2025 | $846.3M | 44% | 40.4% | $246.9M | $373.9M | 27.7% |
| FY 2024 | $817.1M | 44% | 41.7% | $274.2M | $375.3M | 26.3% |
| FY 2023 | $752.5M | 44% | 41.9% | $258.1M | $299.9M | 12.9% |
Red-Light Warning Desk: How Pros Profit When Overhyped Stocks Crack (Featuring MKTX)
- ✓Live walkthrough of MKTX's RQD Radar, SEC cash-conversion gap & downside levels
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- ✓Includes instant 24/7 email alert whenever any of your stocks flip to Red
MKTX Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +3.6% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on MKTX today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for MKTX. Explore sector supply chains on /butterfly.
MKTX Investor FAQ & Complete 8-Part Research Index
100% OPEN ACCESS • SEC EDGAR × CBOE × FREDHow profitable is MarketAxess Holdings Inc. (MKTX)?
In FY 2025 (10-K), MKTX converted $846.3M of revenue into a 44% gross margin, 40.4% operating margin, and $373.9M in free cash flow (44.2% FCF margin).