MarketAxess Holdings Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 18.82
Dividend & Yield2.80$ (1.10%)
Beta 0.66
Market capitalization 9.64B
Operating cash flow 300.72M
ESG Scores unknown

Company description

MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed income securities. The company, through its Open Trading protocols, executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds. It also offers trading-related products and services, including composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services to optimize trading environments. In addition, the company provides various pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.

Sector: Financial Services - Industry: Capital Markets

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 14.52M -820k 139.33M 96.21M
Total Cashflows From Investing Activities -50.3M -122.05M 68.87M -67.69M
Net Borrowings
Total Cash From Financing Activities -92.67M -118.1M -145.11M -189.78M
Change To Operating Activities -1.24M 2.86M 7.2M -7.39M
Issuance Of Stock 2.97M 1.21M 4.01M 7.1M
Net Income 172.85M 204.9M 299.38M 257.89M
Change In Cash 79.31M 26.8M 333.8M 17.52M
Effect Of Exchange Rate -1.64M 1.01M 5.55M -7.11M
Total Cash From Operating Activities 223.92M 265.94M 404.49M 282.09M
Depreciation 23.08M 32.65M 42.84M 53.95M
Change To Account Receivables -5.12M -2.96M -200.89M -141.31M
Other Cashflows From Financing Activities
Change To Netincome 16.93M 27.19M 35.16M 29.97M
Capital Expenditures -35.89M -12.29M -15.01M -17.49M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 218.09M 257.42M 374.36M 333.92M
Net Income 172.85M 204.9M 299.38M 257.89M
Selling General Administrative 176.03M 206.82M 244.29M 265.77M
Gross Profit 411.7M 484.56M 655.03M 656.48M
Ebit 212.58M 250.88M 374.74M 337.26M
Operating Income 212.58M 250.88M 374.74M 337.26M
Interest Expense -1.14M -1.14M -1.14M -842k
Income Tax Expense 45.23M 52.52M 74.98M 76.03M
Total Revenue 435.56M 511.35M 689.12M 698.95M
Cost Of Revenue 23.87M 26.79M 34.09M 42.47M
Total Other Income ExpenseNet 5.5M 6.54M -385k -3.34M
Net Income From Continuing Ops 172.85M 204.9M 299.38M 257.89M
Net Income Applicable To Common Shares 172.85M 204.9M 299.38M 257.89M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 87.66M 184.84M 376.37M 489.14M
Total Stockholder Equity 607.88M 770.09M 955.06M 1.04B
Other Current Liabilities 17.45M 19.46M 42.75M 40.46M
Total Assets 695.54M 954.93M 1.33B 1.53B
Common Stock 122k 122k 123k 123k
Other Current Assets 5.2M 10.35M 156.08M 130.03M
Retained Earnings 463.25M 591.09M 799.37M 956.97M
Treasury Stock -197.36M -163.66M -174.17M -246.04M
Cash 246.32M 270.12M 460.86M 506.74M
Total Current Liabilities 84.85M 86.85M 149.43M 160.06M
Other Stockholder Equity -12.39M -10.27M -4.65M -13.33M
Property, Plant, and Equipment 63.01M 153.19M 161.13M 167.02M
Total Current Assets 419.46M 456.05M 927.56M 1.09B
Net Tangible Assets 545.2M 562.24M 712.32M 770.14M
Net Receivables 57.53M 62.02M 262.45M 403.66M
Accounts Payable 28.34M 20.02M 44.35M 48.72M


Insider Transactions

Here are the insider transactions of stock shares related to MarketAxess Holdings Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
BEGLEITER STEVEN LStock Award(Grant) at price 0.00 per share.D2022-06-08Director497
KETCHUM RICHARD GStock Award(Grant) at price 0.00 per share.D2022-06-08Director497
CASPER STEPHEN PStock Award(Grant) at price 0.00 per share.D2022-06-08Director586
CHWICK JANE PStock Award(Grant) at price 0.00 per share.D2022-06-08Director497
CRUGER WILLIAM FRANK JRStock Award(Grant) at price 0.00 per share.D2022-06-08Director497
PORTNEY EMILY HOPEStock Award(Grant) at price 0.00 per share.D2022-06-08Director497
ALTOBELLO NANCY A.Stock Award(Grant) at price 0.00 per share.D2022-06-08Director497
PRAGER RICHARD LEONStock Award(Grant) at price 0.00 per share.D2022-06-08Director497
GMELICH JUSTIN GERALDStock Award(Grant) at price 0.00 per share.D2022-06-08Director497
GIBSON KOURTNEYStock Award(Grant) at price 0.00 per share.D2022-06-08Director497
LI XIAOJIA CHARLESStock Award(Grant) at price 0.00 per share.D2022-06-08Director497
ROUPIE CHRISTOPHE PIERRE DANIELSale at price 285.03 per share.D2022-06-07Officer1.74k
PRAGER RICHARD LEONPurchase at price 269.99 - 272.50 per share.D2022-04-22Director1k
THEMELIS NICHOLASSale at price 358.18 - 371.38 per share.D2022-03-07Chief Technology Officer2k
PANCHAL NAINESHKUMAR SHANTILALStock Award(Grant) at price 0.00 per share.D2022-03-01Chief Technology Officer5.82k
DELISE ANTONIO LStock Award(Grant) at price 0.00 per share.D2022-01-31Officer1.27k
THEMELIS NICHOLASStock Award(Grant) at price 0.00 per share.D2022-01-31Chief Technology Officer1.84k
CONCANNON CHRISTOPHER RStock Award(Grant) at price 0.00 per share.D2022-01-31President1.8k
MCVEY RICHARD MStock Award(Grant) at price 0.00 per share.D2022-01-31Chief Executive Officer2.3k
PINTOFF SCOTTStock Award(Grant) at price 0.00 per share.D2022-01-31General Counsel970
GEROSA CHRISTOPHER NStock Award(Grant) at price 0.00 per share.D2022-01-31Chief Financial Officer156
ROUPIE CHRISTOPHE PIERRE DANIELStock Award(Grant) at price 0.00 per share.D2022-01-31Officer1.24k
MCPHERSON KEVIN MStock Award(Grant) at price 0.00 per share.D2022-01-31Officer1.91k
MCVEY RICHARD MStock Gift at price 0.00 per share.D2021-12-14Chief Executive Officer25k
THEMELIS NICHOLASSale at price 364.28 - 372.75 per share.D2021-12-07Chief Technology Officer2k
MCPHERSON KEVIN MSale at price 391.72 per share.D2021-11-16Officer936
MCPHERSON KEVIN MConversion of Exercise of derivative security at price 103.30 per share.D2021-11-16Officer936
PRAGER RICHARD LEONStock Gift at price 0.00 per share.I2021-10-29Director611
THEMELIS NICHOLASSale at price 456.85 - 473.40 per share.D2021-09-07Chief Technology Officer2k
MCPHERSON KEVIN MSale at price 474.02 - 480.04 per share.D2021-08-20Officer5.4k
MCPHERSON KEVIN MConversion of Exercise of derivative security at price 103.30 per share.D2021-08-20Officer5.4k
DELISE ANTONIO LSale at price 464.00 - 464.76 per share.D2021-08-13Officer1.5k
THEMELIS NICHOLASSale at price 460.06 - 470.46 per share.D2021-08-11Chief Technology Officer6.43k
THEMELIS NICHOLASConversion of Exercise of derivative security at price 103.30 per share.D2021-08-11Chief Technology Officer6.43k
DELISE ANTONIO LSale at price 475.34 - 483.57 per share.D2021-08-10Officer4.64k
DELISE ANTONIO LConversion of Exercise of derivative security at price 103.30 - 156.85 per share.D2021-08-10Officer4.64k
MCVEY RICHARD MSale at price 481.28 - 489.75 per share.D2021-08-10Chief Executive Officer13.42k
MCPHERSON KEVIN MSale at price 472.03 - 479.01 per share.D2021-08-10Officer5k
MCPHERSON KEVIN MConversion of Exercise of derivative security at price 103.30 per share.D2021-08-10Officer5k
PINTOFF SCOTTSale at price 487.05 per share.D2021-08-09General Counsel250
BEGLEITER STEVEN LStock Award(Grant) at price 0.00 per share.D2021-07-30Director300
KETCHUM RICHARD GStock Award(Grant) at price 0.00 per share.D2021-07-30Director300
CASPER STEPHEN PStock Award(Grant) at price 0.00 per share.D2021-07-30Director353
GEROSA CHRISTOPHER NStock Award(Grant) at price 0.00 per share.D2021-07-30Chief Financial Officer535
CHWICK JANE PStock Award(Grant) at price 0.00 per share.D2021-07-30Director300
CRUGER WILLIAM FRANK JRStock Award(Grant) at price 0.00 per share.D2021-07-30Director300
PORTNEY EMILY HOPEStock Award(Grant) at price 0.00 per share.D2021-07-30Director300
ALTOBELLO NANCY A.Stock Award(Grant) at price 0.00 per share.D2021-07-30Director300
PRAGER RICHARD LEONStock Award(Grant) at price 0.00 per share.D2021-07-30Director300
GMELICH JUSTIN GERALDStock Award(Grant) at price 0.00 per share.D2021-07-30Director300
GIBSON KOURTNEYStock Award(Grant) at price 0.00 per share.D2021-07-30Director300

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to MarketAxess Holdings Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on MarketAxess Holdings Inc

Here is the result of two systematic investment strategies applied to MarketAxess Holdings Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on MarketAxess Holdings Inc

The following chart shows the equity curve of the two systematic investment strategies applied to MarketAxess Holdings Inc:

MarketAxess Holdings Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 10.53% on the backtest period.

Performance at glance

Performance

10.53 %

Latent gain

363.48 $

Invested capital

3452.52 $

Annualized return

2.54 %
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Momentum strategy results on MarketAxess Holdings Inc

This is the result of two momentum investment strategies applied to MarketAxess Holdings Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on MarketAxess Holdings Inc

The following chart shows all the entries opened by the momentum investment system on MarketAxess Holdings Inc:

MarketAxess Holdings Inc momentum entries
  • The first momentum investment strategy would give 21.38% of return on MarketAxess Holdings Inc. That represents 1344.17$ of latent gain with 6287.83$ of employed capital.
  • The second momentum investment strategy would give 20.67% of return on MarketAxess Holdings Inc. That represents 798.89$ of latent gain with 3865.11$ of employed capital.
Performance at glance (1Q Momentum)

Performance

21.38 %

Latent gain

1344.17 $

Invested capital

6287.83 $

Annualized return

-3.4 %
Performance at glance (2Q Momentum)

Performance

20.67 %

Latent gain

798.89 $

Invested capital

3865.11 $

Annualized return

5.65 %

Momentum equity curve on MarketAxess Holdings Inc

The following chart shows the equity curve of the two momentum strategies applied to MarketAxess Holdings Inc:

MarketAxess Holdings Inc momentum equity

Note: the dividends potentially given by MarketAxess Holdings Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MarketAxess Holdings Inc

The following chart shows the employed capital evolution of the two momentum strategies on MarketAxess Holdings Inc since the beginning:

MarketAxess Holdings Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on MarketAxess Holdings Inc

Buy the dip entry openings on MarketAxess Holdings Inc

MarketAxess Holdings Inc

The performance achieved by the robo-advisor on MarketAxess Holdings Inc is -7.27%. That represents -99.66$ of latent gain with 1371.66$ of employed capital. The following chart shows MarketAxess Holdings Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of MarketAxess Holdings Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-7.27 %

Latent gain

-99.66 $

Invested capital

1371.66 $

Annualized return

-3.4 %

Equity curve of the strategy applied to MarketAxess Holdings Inc

The following chart shows the result of the investment strategy applied to MarketAxess Holdings Inc:

MarketAxess Holdings Inc

Note: the dividends potentially given by MarketAxess Holdings Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MarketAxess Holdings Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on MarketAxess Holdings Inc:

MarketAxess Holdings Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on MarketAxess Holdings Inc

In this section, I will compare the three previous investment strategies applied to MarketAxess Holdings Inc.

Equity curve comparison on MarketAxess Holdings Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

MarketAxess Holdings Inc investment strategy comparison

Employed capital comparison on MarketAxess Holdings Inc

MarketAxess Holdings Inc investment comparison

Performance comparison on MarketAxess Holdings Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 10.53% 363.48$ 3452.52$ 2.54%
Momentum 1 quarter 21.38% 1344.17$ 6287.83$ 5.48%
Momentum 2 quarters 20.67% 798.89$ 3865.11$ 5.65%
Non-directional -7.27% -99.66$ 1371.66$ -3.4%
Annualized return comparison

Automatic investment

2.54 %

Momentum 1Q

5.65 %

Momentum 2Q

5.65 %

Non-directional

-3.4 %

Correlated stocks

Here are the most positively and negatively correlated stocks with MarketAxess Holdings Inc:

Positive correlations

Most correlated stocks this year

  • MarketAxess Holdings Inc

  • Most correlated stocks last 3 months

  • Salarius Pharmaceuticals Inc
  • MarketAxess Holdings Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • JIANGNAN GP

  • Note: The algorithm computes the probability of correlation between MarketAxess Holdings Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of MarketAxess Holdings Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name MarketAxess Holdings Inc
    Country United States
    City New York
    Address 55 Hudson Yards
    Phone 212 813 6000
    Website www.marketaxess.com
    FullTime employees 732
    Industry Capital Markets
    Sector Financial Services
    Exchange XNAS
    Ticker MKTX
    Market www.nasdaq.com

    MarketAxess Holdings Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown