US · MKTX
MarketAxess Holdings Inc.
- Sector
- Financial Services · Financial - Capital Markets
- Headquarters
- New York City, NY 10001
- Website
- marketaxess.com
Price · as of 2025-12-31
$152.87
Market cap 7.14B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $177.38 | +16.03% |
| Intrinsic Value(DCF) | $111.46 | -27.09% |
| Graham-Dodd Method(GD) | $56.91 | -62.77% |
| Graham Formula(GF) | $78.82 | -48.44% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $31.32 | $63.89 | $94.26 | $9.34 | $39.83 |
| 2012 | $35.33 | $48.91 | $90.54 | $0.00 | $28.16 |
| 2013 | $57.70 | $61.05 | $83.97 | $8.00 | $51.24 |
| 2014 | $77.30 | $67.98 | $64.85 | $7.84 | $35.07 |
| 2015 | $113.95 | $88.24 | $86.35 | $10.04 | $60.84 |
| 2016 | $175.92 | $121.88 | $97.47 | $12.53 | $99.91 |
| 2017 | $202.57 | $126.70 | $42.38 | $12.54 | $61.10 |
| 2018 | $210.66 | $142.57 | $38.78 | $12.88 | $80.97 |
| 2019 | $340.43 | $202.01 | $44.66 | $13.60 | $136.89 |
| 2020 | $489.80 | $287.80 | $58.16 | $25.32 | $331.90 |
| 2021 | $325.40 | $219.22 | $46.52 | $18.11 | $67.74 |
| 2022 | $332.72 | $208.48 | $49.82 | $15.70 | $70.91 |
| 2023 | $208.84 | $159.52 | $51.44 | $18.69 | $84.81 |
| 2024 | $205.56 | $163.66 | $51.46 | $22.14 | $122.06 |
| 2025 | $192.05 | $177.38 | $60.17 | $56.91 | $78.82 |
AI valuation
Our deep-learning model estimates MarketAxess Holdings Inc.'s (MKTX) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $177.38
- Current price
- $152.87
- AI upside
- +16.03%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$111.46
-27.09% upside
Graham-Dodd
$56.91
-62.77% upside
Graham Formula
$78.82
-48.44% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| MKTX | MarketAxess Holdings Inc. | $152.87 | 7.14B | +16% | -27% | -63% | -48% | 28.67 | 6.17 | 8.33 | 14.99 | — | 9.41 | 69.88% | 41.21% | 29.04% | 19.46% | 28.13% | 13.71% | 0.25 | 235.35 | 1.84 | 1.76 | -0.52 | -852.00% | 382.00% | -36.00% | 5.29% | 0.65 | 44.67% | 0.00% | 0.00% | 5.94% | 19.39 | 18.15 | 7.99 | 9.15 |
| BGC | BGC Group, Inc | $9.52 | 4.53B | +275% | +1,938% | -76% | +47% | 30.22 | 4.82 | 1.56 | 12.68 | 125.91 | -44.99 | 89.54% | 10.52% | 5.15% | 16.56% | 12.19% | 3.87% | 1.85 | 2.52 | 89.14 | 89.14 | 2.09 | 2400.00% | 3633.00% | -10000.00% | 0.00% | 0.00 | 0.00% | 0.00% | 0.00% | 0.00% | 17.72 | — | 1.86 | 1.97 |
| CUBI | Customers Bancorp, Inc. | $67.44 | 2.31B | -4% | +374% | +33% | +16% | 10.54 | 1.12 | 1.67 | 5.88 | 48.32 | 1.12 | 51.59% | 21.97% | 15.84% | 11.34% | -65.45% | 0.95% | 0.81 | 0.51 | 1.19 | 1.19 | 4.67 | 2181.00% | 394.00% | 50225.00% | 20.37% | 0.03 | -130.40% | 0.46% | 4.80% | 6.73% | 6.65 | 4.30 | 1.46 | 0.39 |
| HUT | Hut 8 Corp. | $53.23 | 5.9B | -36% | -60% | -99% | — | -22.39 | 3.91 | 23.62 | 58.27 | — | 4.62 | 91.28% | -136.95% | -96.19% | -20.68% | -21.16% | -11.61% | 0.30 | -10.71 | 1.09 | 0.20 | 3.77 | -16294.00% | 4479.00% | 271.00% | -6.16% | -0.37 | -22.48% | 0.00% | 0.00% | 0.00% | -18.44 | -17.35 | 25.25 | 2.85 |
| MC | Moelis & Company | $59.36 | 4.39B | +75% | +94% | -61% | +78% | 19.20 | 7.87 | 2.95 | 11.69 | 29.47 | 7.87 | 99.22% | 18.06% | 15.36% | 46.14% | 139.08% | 14.94% | 0.00 | — | 65.09 | 65.09 | -1.50 | 6517.00% | 2698.00% | 2999.00% | 12.07% | 63.50 | 345.89% | 0.00% | 0.00% | 7.14% | 14.48 | 7.35 | 2.62 | 3.68 |
| PFSI | PennyMac Financial Servic… | $91.93 | 4.8B | +473% | +238,097% | +24% | +1,737% | 9.33 | 1.08 | 1.07 | 17.87 | 15.75 | -0.88 | 91.42% | 34.65% | 11.48% | 12.31% | 5.45% | 1.81% | 5.35 | 1.57 | 0.04 | 0.04 | 15.05 | 5925.00% | 17381.00% | -6440.00% | -34.69% | -0.10 | -6.44% | 1.34% | 12.50% | 1.44% | 17.87 | -16.66 | 6.19 | 0.00 |
| PIPR | Piper Sandler Companies | $295.55 | 5.27B | +51% | +784% | -42% | +103% | 18.02 | 3.46 | 2.66 | 13.15 | 33.07 | 3.46 | 93.61% | 20.25% | 14.77% | 20.91% | 26.23% | 24.94% | 0.00 | 79.64 | — | — | 0.00 | 5449.00% | 2855.00% | -10000.00% | 0.00% | — | 0.00% | 0.00% | 0.00% | 0.00% | 13.15 | — | 2.66 | — |
| SLM | SLM Corporation | $18.74 | 3.71B | +111% | -4% | — | +133% | 5.27 | 1.60 | 1.26 | 5.79 | 18.12 | 1.64 | 53.11% | 31.92% | 23.95% | 32.31% | 18.20% | 2.49% | 2.39 | 0.88 | 8.08 | 11.91 | 1.84 | 2910.00% | 410.00% | -27472.00% | 14.65% | 1.15 | 14.06% | 17.82% | 94.00% | 27.21% | 5.81 | 10.01 | 1.85 | 0.67 |
| SNEX | StoneX Group Inc. | $127.50 | 6.69B | +169% | +64,309% | -85% | +99% | 14.48 | 1.86 | 0.03 | 10.73 | 132.57 | 2.70 | 1.95% | 1.55% | 0.23% | 14.97% | 9.90% | 0.84% | 7.79 | 1.39 | 1.57 | 0.71 | 8.51 | 1092.00% | 3253.00% | 87870.00% | 97.59% | 0.20 | 27.85% | 4.02% | 58.20% | 4.02% | 10.40 | 4.94 | 0.16 | 3.53 |
| VIRT | Virtu Financial, Inc. | $41.41 | 3.53B | +226% | +17% | — | +341% | 1.49 | 1.85 | 1.00 | 2.50 | 2.05 | 5.44 | 47.97% | 33.80% | 12.89% | 150.99% | 26.26% | 13.72% | 2.02 | 8.81 | 0.00 | 0.40 | -0.20 | 7273.00% | 2625.00% | -483.00% | 14.24% | 0.03 | 13.30% | 13.97% | 20.90% | 154.39% | 2.74 | 6.50 | 0.93 | -0.43 |
| WULF | TeraWulf Inc. | $16.22 | 6.79B | +55% | -50% | — | — | -9.63 | 45.35 | 37.81 | -107.42 | -1.39 | 74.95 | 50.93% | -101.10% | -392.64% | -343.69% | -13.45% | -18.01% | 36.99 | -2.12 | 2.00 | 1.88 | -24.97 | 69048.00% | 2028.00% | 30476.00% | -18.58% | -0.07 | -93.49% | 0.00% | 0.00% | 0.52% | -48.73 | -7.01 | 49.27 | 0.64 |
About MarketAxess Holdings Inc.
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.
- CEO
- Christopher Robert Concannon
- Employees
- 891
- Beta
- 0.96
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($111.46 ÷ $152.87) − 1 = -27.09% (DCF, example).