MarketAxess Holdings (MKTX) Financial Ratios: P/E, ROE & More

MarketAxess Holdings (MKTX) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), MarketAxess Holdings had a P/E ratio of 27.32 (down from 31.08), return on equity of 19.4% (down from 20.4%), debt-to-equity of 0.25 (up from 0.05) and a current ratio of 3.35 (down from 11.86). A current ratio of 3.35 means current assets exceed current liabilities. Its dividend yield was 1.61% with a payout ratio of 46.7%.

MarketAxess Holdings Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	27.32	31.08	43.02	41.95	60.64	72.35
Forward P/E	22.98	28.83	40.68	38.61	53.63	69.66
P/S Ratio	7.96	10.43	14.75	14.61	22.38	31.43
P/B Ratio	5.82	6.14	8.59	9.71	15.02	22.68
Price/Tangible Book	8.97	8.09	11.85	12.67	20.31	30.41
Price/FCF	18.02	22.71	34.22	38.02	59.10	55.61
Price/OCF	17.63	22.12	33.26	36.29	55.44	53.55
PEG Ratio	6.17	8.63	5.27	4.41	11.36	3.79
Enterprise Value Ratios
EV/Revenue	7.38	9.85	14.17	14.25	21.85	31.08
EV/EBITDA	14.74	19.41	27.66	26.37	39.09	52.15
EV/EBIT	17.99	23.62	33.85	31.32	45.28	57.16
EV/FCF	16.69	21.45	32.87	37.08	57.72	55.00
Profitability & Returns
Return on Equity (ROE)	19.39%	20.45%	21.74%	23.58%	25.84%	34.71%
Return on Assets (ROA)	11.64%	11.20%	10.87%	13.02%	14.73%	20.49%
Return on Invested Capital (ROIC)	28.45%	31.62%	33.01%	38.47%	44.65%	55.49%
Return on Capital Employed (ROCE)	22.50%	20.20%	16.50%	22.20%	24.40%	31.70%
Leverage & Solvency Ratios
Debt/Equity	0.25	0.05	0.06	0.08	0.09	0.10
Debt/EBITDA	0.65	0.17	0.20	0.21	0.22	0.22
Debt/FCF	0.76	0.19	0.25	0.30	0.33	0.24
Liquidity Ratios
Current Ratio	3.35	11.86	14.62	8.74	7.34	6.21
Quick Ratio	2.81	9.47	12.08	7.14	6.28	4.97
Efficiency Ratios
Asset Turnover	0.45	0.43	0.41	0.46	0.49	0.60
Yield & Distribution Ratios
Earnings Yield	3.66%	3.22%	2.33%	2.38%	1.65%	1.38%
FCF Yield	5.55%	4.40%	2.92%	2.63%	1.69%	1.80%
Dividend Yield	1.61%	1.31%	0.98%	1.00%	0.64%	0.44%
Payout Ratio	46.71%	41.10%	42.49%	42.34%	38.70%	30.25%
Buyback Yield	1.42%	-0.05%	-0.03%	1.19%	0.12%	-0.50%
Total Return	3.03%	1.26%	0.95%	2.20%	0.76%	-0.05%

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About MarketAxess Holdings Financial Ratios

What is MarketAxess Holdings's P/E ratio?

MarketAxess Holdings's P/E ratio was 27.32 for fiscal 2025 (period ended Dec 31, 2025). It was 31.08 a year earlier.

What is MarketAxess Holdings's return on equity?

MarketAxess Holdings's return on equity (ROE) was 19.4% for fiscal 2025 (period ended Dec 31, 2025). It was 20.4% a year earlier.

What is MarketAxess Holdings's debt-to-equity ratio?

MarketAxess Holdings's debt-to-equity ratio was 0.25 for fiscal 2025 (period ended Dec 31, 2025). It was 0.05 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition