Lumida
/MKTX
⌘K
Marketaxess Holdings Inc

Marketaxess Holdings Inc

MKTX
$163.00USD-0.06%-0.09 today

MARKET CAP

5.7B

P/E (TTM)

19.3x

FWD P/E

DAY RANGE

$163 – $163

52W RANGE

$109
$196

AI Summary

Stalk
StalkMedium

MKTX rallied sharply from mid-July lows, reclaiming rising EMAs and reversing a long downtrend, but recent extension has generated an exhaustion pattern, overbought RSI, and fading volume. The medium-term bias remains bullish as price holds above the 9/21/50 EMAs in a Stage 2 corrective advance, yet short-term timing is unfavorable. We will defer execution and look for pullbacks into the rising EMA band or prior consolidation near medium-term support for asymmetric entry. The long-term downtrend remains intact until price can sustain above the 200-day SMA.

  • ICE’s acquisition at $167/share implies a 33% premium and strategic synergies.
  • Generated $385M in trailing-12M free cash flow for reinvestment and $120M buybacks.
  • Earnings yield depressed below 0%, signaling weak return generation.
Full analysis →
STATEMENT·Income statement
USD · GAAP
METRICFY 2021FY 2022FY 2023FY 2024FY 2025TREND
Sales, Adj.$699.4M$718.3M$752.5M$817.1M$846.3M
YoY %+1.1%+2.7%+4.8%+8.6%+3.6%
P / Sales22.4x14.9x14.3x10.4x8.0x
EV / Sales22.4x15.1x14.7x10.2x8.3x
Gross Profit, Adj.$699.4M$718.3M$752.5M$817.1M$846.3M
YoY %+1.1%+2.7%+4.8%+8.6%+3.6%
Margin %100.0%100.0%100.0%100.0%100.0%
EV / Gross Profit22.4x15.1x14.7x10.2x8.3x
EBITDA, Adj.$397.9M$388.3M$385.6M$414.7M$418.5M
YoY %-5.3%-2.4%-0.7%+7.6%+0.9%
Margin %56.9%54.1%51.2%50.8%49.5%
EV / EBITDA39.3x27.9x28.7x20.2x16.7x
EBIT$337.6M$326.9M$315.0M$340.9M$341.8M
YoY %-10.5%-3.2%-3.6%+8.2%+0.3%
Margin %48.3%45.5%41.9%41.7%40.4%
EV / EBIT46.4x33.1x35.1x24.6x20.4x
Net Income$257.9M$250.2M$258.1M$274.2M$246.6M
YoY %-13.9%-3.0%+3.1%+6.2%-10.0%
Net Margin36.9%34.8%34.3%33.6%29.1%
EPS (GAAP)$6.77$6.65$6.85$7.28$6.64
YoY %-13.8%-1.8%+3.0%+6.3%-8.8%