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Upturn AI SWOT - About
MKTX 
MarketAxess Holdings Inc (MKTX)
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Upturn Advisory Summary
06/27/2025: MKTX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
15 Analysts rated it
Well-followed company, solid analyst reports, reliable data for confident investing.
1 Year Target Price $236.75
1 Year Target Price $236.75
| 4 | Strong Buy |
| 2 | Buy |
| 8 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 11.45% | Avg. Invested days 39 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 06/27/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 8.23B USD | Price to earnings Ratio 38.18 | 1Y Target Price 236.75 |
Price to earnings Ratio 38.18 | 1Y Target Price 236.75 | ||
Volume (30-day avg) 15 | Beta 0.84 | 52 Weeks Range 186.20 - 293.70 | Updated Date 06/30/2025 |
52 Weeks Range 186.20 - 293.70 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 1.38% | Basic EPS (TTM) 5.75 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 26.57% | Operating Margin (TTM) 42.37% |
Management Effectiveness
Return on Assets (TTM) 11.06% | Return on Equity (TTM) 16.25% |
Valuation
Trailing PE 38.18 | Forward PE 28.9 | Enterprise Value 7749212672 | Price to Sales(TTM) 10.1 |
Enterprise Value 7749212672 | Price to Sales(TTM) 10.1 | ||
Enterprise Value to Revenue 9.5 | Enterprise Value to EBITDA 17.53 | Shares Outstanding 37501700 | Shares Floating 36759878 |
Shares Outstanding 37501700 | Shares Floating 36759878 | ||
Percent Insiders 2.25 | Percent Institutions 101.88 |
Analyst Ratings
Rating 4 | Target Price 236.75 | Buy 2 | Strong Buy 4 |
Buy 2 | Strong Buy 4 | ||
Hold 8 | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
MarketAxess Holdings Inc
Company Overview
History and Background
MarketAxess Holdings Inc. was founded in 2000. It pioneered electronic trading in the corporate bond market. Initially focused on US high-grade bonds, it expanded into other fixed-income products and geographies over time.
Core Business Areas
- Trading: Offers a global electronic trading platform for fixed-income securities, including corporate bonds, government bonds, and other debt instruments.
- Information Services: Provides market data, analytics, and pricing information to support trading decisions.
- Post-Trade Services: Offers post-trade processing, including trade confirmation and settlement.
Leadership and Structure
Richard M. McVey is the Chairman and CEO. The company has a typical corporate structure with departments for technology, sales, marketing, finance, and operations.
Top Products and Market Share
Key Offerings
- US High-Grade Corporate Bonds: Electronic trading platform for US high-grade corporate bonds. MarketAxess claims to be the leading platform. Competitors: Tradeweb, Bloomberg.
- Eurobonds: Electronic trading platform for Eurobonds. Market share is significant. Competitors: Tradeweb, Bloomberg.
- Emerging Markets Debt: Electronic trading platform for emerging markets debt. Competitors: Tradeweb, Bloomberg, MTS.
Market Dynamics
Industry Overview
The fixed-income market is undergoing increasing electronification. Regulatory changes and a desire for greater transparency are driving the adoption of electronic trading platforms. The market size is vast, but electronification is still in progress.
Positioning
MarketAxess is a leading electronic trading platform for fixed-income securities. Its competitive advantages include its established platform, extensive network of dealers and investors, and focus on innovation.
Total Addressable Market (TAM)
The global fixed income market is estimated to be in the trillions of dollars. MarketAxess is positioned to capture a growing share of this market as electronic trading becomes more prevalent.
Upturn SWOT Analysis
Strengths
- Leading market position
- Strong network effects
- Technological innovation
- Diversified product offerings
- High profitability
Weaknesses
- Reliance on dealer relationships
- Competition from larger players
- Vulnerability to market downturns
- Dependence on regulatory environment
Opportunities
- Expansion into new markets
- Increased adoption of electronic trading
- Development of new products and services
- Acquisitions of complementary businesses
- Growth in emerging markets
Threats
- Increased competition
- Technological disruption
- Regulatory changes
- Economic downturn
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- TW
- BBG
Competitive Landscape
MarketAxess competes with other electronic trading platforms, as well as traditional voice brokers. Its advantages include its leading market position, strong network effects, and focus on innovation. Disadvantages include potential higher commissions fees than competitors.
Major Acquisitions
LiquidityEdge
- Year: 2019
- Acquisition Price (USD millions): 150
- Strategic Rationale: Expanded MarketAxess's presence in the US Treasury market.
Growth Trajectory and Initiatives
Historical Growth: MarketAxess has experienced strong growth in recent years, driven by the increasing electronification of the fixed-income market.
Future Projections: Analysts expect MarketAxess to continue to grow in the coming years, driven by its leading market position and the ongoing trend towards electronic trading.
Recent Initiatives: Recent initiatives include expanding its product offerings, investing in technology, and expanding into new markets.
Summary
MarketAxess is a strong company benefiting from the electronification trend in fixed income. Its leading market position and innovation are working well. However, it faces increasing competition and must navigate regulatory changes and potential market downturns to maintain its growth trajectory.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market data is delayed. Financial figures are illustrative only and must be updated with current actuals.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MarketAxess Holdings Inc
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2004-11-05 | CEO & Director Mr. Christopher Robert Concannon J.D. | ||
Sector Financial Services | Industry Capital Markets | Full time employees 891 | Website https://www.marketaxess.com |
Full time employees 891 | Website https://www.marketaxess.com | ||
MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms in the United States, the United Kingdom, and internationally. The company offers trading technology to access liquidity on its platforms in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S. government bonds, and other fixed-income securities; and executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds through its Open Trading protocols. It also provides automated and algorithmic trading solutions, such as X-Pro, a trading platform to combine trading protocols with its proprietary data and pre-trade analytics; and integrated and actionable data offerings, including CP+ and Axess All, a real-time pricing engine, including Auto-X and portfolio trading. In addition, the company offers various pre-and post-trade services, such as processing, 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.
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