MarketAxess Holdings Inc.

MKTX

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

817

Cost of Revenue

254

Gross Profit

563

Gross Margin

68.9%

Operating Income

341

Operating Margin

41.7%

Net Income

274

Net Margin

33.6%

EPS (Basic)

$7.29

EPS (Diluted)

$7.28

EBITDA

443

EBITDA Margin

54.2%

2023

12/31/2023

Revenue

753

Cost of Revenue

224

Gross Profit

529

Gross Margin

70.2%

Operating Income

315

Operating Margin

41.9%

Net Income

258

Net Margin

34.3%

EPS (Basic)

$6.87

EPS (Diluted)

$6.85

EBITDA

411

EBITDA Margin

54.6%

2022

12/31/2022

Revenue

718

Cost of Revenue

200

Gross Profit

519

Gross Margin

72.2%

Operating Income

327

Operating Margin

45.5%

Net Income

250

Net Margin

34.8%

EPS (Basic)

$6.68

EPS (Diluted)

$6.65

EBITDA

406

EBITDA Margin

56.5%

2021

12/31/2021

Revenue

699

Cost of Revenue

187

Gross Profit

512

Gross Margin

73.2%

Operating Income

337

Operating Margin

48.2%

Net Income

258

Net Margin

36.9%

EPS (Basic)

$6.88

EPS (Diluted)

$6.77

EBITDA

395

EBITDA Margin

56.5%

2020

12/31/2020

Revenue

689

Cost of Revenue

178

Gross Profit

511

Gross Margin

74.2%

Operating Income

375

Operating Margin

54.4%

Net Income

299

Net Margin

43.4%

EPS (Basic)

$8.01

EPS (Diluted)

$7.85

EBITDA

418

EBITDA Margin

60.7%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	817	753	718	699	689
Cost of Revenue	254	224	200	187	178
Gross Profit	563	529	519	512	511
Gross Margin	68.9%	70.2%	72.2%	73.2%	74.2%
Operating Income	341	315	327	337	375
Operating Margin	41.7%	41.9%	45.5%	48.2%	54.4%
Net Income	274	258	250	258	299
Net Margin	33.6%	34.3%	34.8%	36.9%	43.4%
EPS (Basic)	$7.29	$6.87	$6.68	$6.88	$8.01
EPS (Diluted)	$7.28	$6.85	$6.65	$6.77	$7.85
EBITDA	443	411	406	395	418
EBITDA Margin	54.2%	54.6%	56.5%	56.5%	60.7%