MarketAxess (MKTX) Revenue & Revenue Breakdown

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MarketAxess Revenue Highlights

Latest Revenue (Y)

$846.26M

Latest Revenue (Q)

$208.82M

Main Segment (Y)

Commission Revenue

Main Geography (Y)

UNITED STATES

MarketAxess Revenue by Period

MarketAxess Revenue by Year

Date	Revenue	Change
2025-12-31	$846.26M	3.57%
2024-12-31	$817.10M	8.58%
2023-12-31	$752.55M	4.77%
2022-12-31	$718.30M	2.77%
2021-12-31	$698.95M	1.43%
2020-12-31	$689.13M	34.77%
2019-12-31	$511.35M	17.40%
2018-12-31	$435.56M	10.71%
2017-12-31	$393.42M	6.99%
2016-12-31	$367.73M	21.32%
2015-12-31	$303.10M	15.35%
2014-12-31	$262.77M	10.07%
2013-12-31	$238.73M	25.10%
2012-12-31	$190.84M	11.03%
2011-12-31	$171.87M	17.54%
2010-12-31	$146.23M	27.78%
2009-12-31	$114.44M	100.00%
2008-12-31	-	100.00%
2007-12-31	-	100.00%
2006-12-31	-	100.00%
2005-12-31	-	100.00%
2004-12-31	-	-100.00%
2003-12-31	$58.46M	7773.54%
2002-12-31	$742.49K	-88.75%
2001-12-31	$6.60M	-

MarketAxess generated $846.26M in revenue during NA 2025, up 3.57% compared to the previous quarter, and up 122.80% compared to the same period a year ago.

MarketAxess Revenue by Quarter

Date	Revenue	Change
2025-09-30	$208.82M	-4.85%
2025-06-30	$219.46M	5.22%
2025-03-31	$208.58M	3.05%
2024-12-31	$202.40M	-2.09%
2024-09-30	$206.72M	4.58%
2024-06-30	$197.66M	-6.02%
2024-03-31	$210.32M	6.63%
2023-12-31	$197.25M	14.49%
2023-09-30	$172.28M	-4.20%
2023-06-30	$179.85M	-11.48%
2023-03-31	$203.17M	14.20%
2022-12-31	$177.90M	3.36%
2022-09-30	$172.11M	-5.55%
2022-06-30	$182.23M	-2.06%
2022-03-31	$186.06M	12.72%
2021-12-31	$165.06M	1.83%
2021-09-30	$162.09M	-8.08%
2021-06-30	$176.33M	-9.79%
2021-03-31	$195.46M	14.08%
2020-12-31	$171.35M	4.48%
2020-09-30	$164.01M	-11.25%
2020-06-30	$184.79M	9.36%
2020-03-31	$168.98M	30.21%
2019-12-31	$129.77M	-1.39%
2019-09-30	$131.60M	4.87%
2019-06-30	$125.49M	0.80%
2019-03-31	$124.49M	10.71%
2018-12-31	$112.44M	10.84%
2018-09-30	$101.44M	-6.37%
2018-06-30	$108.35M	-6.50%
2018-03-31	$115.88M	16.39%
2017-12-31	$99.56M	2.96%
2017-09-30	$96.70M	-0.63%
2017-06-30	$97.31M	-6.33%
2017-03-31	$103.89M	10.01%
2016-12-31	$94.44M	4.61%
2016-09-30	$90.27M	-6.59%
2016-06-30	$96.64M	9.11%
2016-03-31	$88.57M	15.56%
2015-12-31	$76.64M	3.30%
2015-09-30	$74.19M	-1.72%
2015-06-30	$75.49M	-1.67%
2015-03-31	$76.77M	9.41%
2014-12-31	$70.17M	9.22%
2014-09-30	$64.25M	-1.11%
2014-06-30	$64.96M	2.47%
2014-03-31	$63.40M	4.89%
2013-12-31	$60.44M	-1.13%
2013-09-30	$61.13M	-6.75%
2013-06-30	$65.56M	18.00%
2013-03-31	$55.56M	10.26%
2012-12-31	$50.39M	4.41%
2012-09-30	$48.26M	-1.16%
2012-06-30	$48.83M	-3.76%
2012-03-31	$50.73M	12.41%
2011-12-31	$45.13M	-3.07%
2011-09-30	$46.56M	1.69%
2011-06-30	$45.79M	5.00%
2011-03-31	$43.61M	12.96%
2010-12-31	$38.60M	3.19%
2010-09-30	$37.41M	5.91%
2010-06-30	$35.33M	1.27%
2010-03-31	$34.88M	2.72%
2009-12-31	$33.96M	13.16%
2009-09-30	$30.01M	16.14%
2009-06-30	$25.84M	4.90%
2009-03-31	$24.63M	12.85%
2008-12-31	$21.83M	-3.76%
2008-09-30	$22.68M	-11.53%
2008-06-30	$25.64M	11.76%
2008-03-31	$22.94M	2.52%
2007-12-31	$22.38M	-

MarketAxess generated $208.82M in revenue during Q3 2025, up -4.85% compared to the previous quarter, and up 105.65% compared to the same period a year ago.

MarketAxess Revenue Breakdown

MarketAxess Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Post Trade Services	$44.49M	$42.49M	$40.18M	$15.88M	$15.80M
Commission Revenue	$734.62M	$711.71M	$662.96M	$641.18M	$621.01M
Technology Services	$13.92M	$12.36M	$3.02M	-	-
Information Services	$53.23M	$50.54M	$46.38M	$11.23M	$10.33M
Other Revenues	-	-	-	$926.00K	$846.00K

MarketAxess's latest annual revenue breakdown by segment (product or service), as of Dec 25: Commission Revenue (86.81%), Information Services (6.29%), Post Trade Services (5.26%), and Technology Services (1.65%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20
Commission Revenue	$181.34M	$180.17M	$191.77M	$181.34M	$346.44M	$180.39M	$184.87M	$171.89M	$150.50M	$158.59M	$181.99M	$158.44M	$153.16M	$163.46M	$166.11M	$145.91M	$142.83M	$156.43M	$175.84M	$155.81M
Information Services	$13.45M	$13.79M	$13.09M	$12.90M	$25.70M	$12.96M	$11.88M	$28.47M	$11.80M	$3.11M	$3.00M	$2.96M	$2.81M	$2.75M	$2.71M	$2.72M	$2.65M	$2.51M	$2.45M	-
Post Trade Services	$1.43M	$17.22M	$14.75M	$11.09M	$14.24M	$17.52M	$10.73M	$10.97M	$17.34M	$4.99M	$6.87M	$5.34M	$3.04M	$3.50M	$4.00M	$4.06M	$3.68M	$4.05M	$4.00M	-
Technology Services	$603.00K	$6.05M	$4.03M	$3.24M	$3.19M	$6.33M	$2.83M	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Revenues	-	-	-	-	-	-	-	-	$154.00K	$190.00K	$188.00K	$240.00K	$237.00K	$226.00K	$223.00K	$217.00K	$215.00K	$211.00K	$203.00K	$198.00K

MarketAxess's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Commission Revenue (92.13%), Information Services (6.84%), Post Trade Services (0.73%), and Technology Services (0.31%).

MarketAxess Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
UNITED KINGDOM	$177.26M	$161.84M	-	-	-
UNITED STATES	$568.38M	$568.60M	-	-	-
Asia	-	-	$18.41M	$17.25M	$19.96M
Europe	-	-	$136.99M	$119.11M	$110.07M
Americas	-	-	$597.14M	$581.93M	$568.92M

MarketAxess's latest annual revenue breakdown by geography, as of Dec 25: UNITED STATES (76.23%), and UNITED KINGDOM (23.77%).

Quarterly Revenue by Country

Country	Dec 25	Sep 25	Jun 25	Mar 25	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Sep 20	Jun 20
UNITED STATES	$138.47M	$138.63M	$148.63M	$142.66M	$138.13M	$157.73M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
UNITED KINGDOM	$45.30M	$44.66M	$44.57M	$42.73M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
other	-	-	$26.26M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Americas	-	-	-	-	$165.01M	$166.83M	$157.18M	$136.40M	$142.00M	$161.57M	$142.00M	$140.02M	$149.36M	$150.56M	$134.25M	$131.31M	$143.24M	$160.12M	-	-
Other Geographic Area	-	-	-	-	$5.82M	$5.76M	$5.32M	$4.98M	-	-	-	-	-	-	-	-	-	-	-	-
Europe	-	-	-	-	$35.89M	$37.73M	$35.33M	$31.40M	$33.52M	$36.74M	$32.45M	$28.12M	$27.80M	$30.74M	$26.22M	$25.99M	$28.32M	$29.54M	-	-
Asia	-	-	-	-	-	$5.76M	$4.74M	$4.49M	$4.33M	$4.86M	$3.45M	$3.97M	$5.07M	$4.76M	$4.59M	$4.80M	$4.78M	$5.80M	-	-

MarketAxess's latest quarterly revenue breakdown by geography, as of Dec 25: UNITED STATES (75.35%), and UNITED KINGDOM (24.65%).

MarketAxess Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
SNEX	StoneX Group	$132.38B	$39.03B
PFSI	PennyMac Financial Services	$4.36B	$632.90M
VIRT	Virtu Financial	$3.63B	$824.79M
SLM	SLM	$3.11B	$657.59M
BGC	BGC Group	$3.01B	$748.48M
PIPR	Piper Sandler Companies	$1.90B	$480.09M
MC	Moelis	$1.52B	$356.89M
CUBI	Customers Bancorp	$1.41B	$365.05M
MKTX	MarketAxess	$846.26M	$208.82M
HUT	Hut 8	$235.12M	$83.51M
WULF	TeraWulf	$168.46M	$50.58M

MKTX Revenue FAQ

What is MarketAxess’s yearly revenue?

MarketAxess's yearly revenue for 2025 was $846.26M, representing an increase of 3.57% compared to 2024. The company's yearly revenue for 2024 was $817.1M, representing an increase of 8.58% compared to 2023. MKTX's yearly revenue for 2023 was $752.55M, representing an increase of 4.77% compared to 2022.

What is MarketAxess’s quarterly revenue?

MarketAxess's quarterly revenue for Q3 2025 was $208.82M, a -4.85% decrease from the previous quarter (Q2 2025), and a 1.02% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $219.46M, a 5.22% increase from the previous quarter (Q1 2025), and a 11.03% increase year-over-year (Q2 2024). MKTX's quarterly revenue for Q1 2025 was $208.58M, a 3.05% increase from the previous quarter (Q4 2024), and a -0.83% decrease year-over-year (Q1 2024).

What is MarketAxess’s revenue growth rate?

MarketAxess's revenue growth rate for the last 3 years (2023-2025) was 12.45%, and for the last 5 years (2021-2025) was 21.08%.

What are MarketAxess’s revenue streams?

MarketAxess's revenue streams in c 25 are Post Trade Services, Commission Revenue, Technology Services, and Information Services. Post Trade Services generated $44.49M in revenue, accounting 5.26% of the company's total revenue, up 4.72% year-over-year. Commission Revenue generated $734.62M in revenue, accounting 86.81% of the company's total revenue, up 3.22% year-over-year. Technology Services generated $13.92M in revenue, accounting 1.65% of the company's total revenue, up 12.65% year-over-year. Information Services generated $53.23M in revenue, accounting 6.29% of the company's total revenue, up 5.32% year-over-year.

What is MarketAxess’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of MarketAxess was Commission Revenue. This segment made a revenue of $734.62M, representing 86.81% of the company's total revenue.