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Upturn AI SWOT - About
MKTX 
MarketAxess Holdings Inc (MKTX)
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Upturn Advisory Summary
09/17/2025: MKTX (1-star) is currently NOT-A-BUY. Pass it for now.
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
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $218.83
1 Year Target Price $218.83
| 4 | Strong Buy |
| 2 | Buy |
| 8 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 6.81% | Avg. Invested days 41 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 09/17/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.84B USD | Price to earnings Ratio 30.75 | 1Y Target Price 218.83 |
Price to earnings Ratio 30.75 | 1Y Target Price 218.83 | ||
Volume (30-day avg) 15 | Beta 0.88 | 52 Weeks Range 178.20 - 292.50 | Updated Date 09/17/2025 |
52 Weeks Range 178.20 - 292.50 | Updated Date 09/17/2025 | ||
Dividends yield (FY) 1.65% | Basic EPS (TTM) 5.95 |
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 26.62% | Operating Margin (TTM) 41.86% |
Management Effectiveness
Return on Assets (TTM) 11.24% | Return on Equity (TTM) 16.33% |
Valuation
Trailing PE 30.75 | Forward PE 22.17 | Enterprise Value 6441721632 | Price to Sales(TTM) 8.16 |
Enterprise Value 6441721632 | Price to Sales(TTM) 8.16 | ||
Enterprise Value to Revenue 7.69 | Enterprise Value to EBITDA 14.19 | Shares Outstanding 37363800 | Shares Floating 36618739 |
Shares Outstanding 37363800 | Shares Floating 36618739 | ||
Percent Insiders 2.25 | Percent Institutions 101.35 |
Upturn AI SWOT
MarketAxess Holdings Inc
Company Overview
History and Background
MarketAxess Holdings Inc. was founded in 2000 and launched its electronic trading platform. It aimed to revolutionize the fixed-income market by providing a more efficient and transparent trading experience. Key milestones include expanding its product offerings, geographical reach, and technology platform.
Core Business Areas
- Trading: Facilitates electronic trading in various fixed-income products, including corporate bonds, government bonds, emerging market debt, and other fixed-income securities.
- Information Services: Offers pricing data, analytics, and market intelligence to help clients make informed trading decisions.
- Post-Trade Services: Provides a suite of post-trade solutions, including trade processing, settlement, and reporting.
Leadership and Structure
The leadership team includes the CEO, CFO, and other key executives. The organizational structure comprises functional departments such as trading, technology, sales, and marketing.
Top Products and Market Share
Key Offerings
- US High-Grade Corporate Bonds: Electronic trading platform for US high-grade corporate bonds. MarketAxess holds a significant market share. Competitors include Tradeweb, Bloomberg, and dealer-to-dealer platforms. Market share varies but is estimated between 20-25%.
- Eurobonds: Electronic trading platform for Eurobonds. Competitors include Tradeweb and Bloomberg. MarketAxess is a significant player in the Eurobond market. Market Share data not readily available, as it is a highly fragmented market. It is estimated between 15-20%.
- Emerging Markets Bonds: Electronic trading platform for trading emerging market bonds. Competitors include Tradeweb and local platforms. Market Share is estimated between 15-20%.
Market Dynamics
Industry Overview
The fixed-income market is undergoing a shift towards electronic trading, driven by increased transparency, efficiency, and regulatory requirements. Factors impacting the industry include interest rate fluctuations, credit spreads, and macroeconomic conditions.
Positioning
MarketAxess is a leading electronic trading platform for fixed-income securities, offering a comprehensive suite of trading, data, and post-trade solutions. Its competitive advantages include its established network of dealers and investors, its technology platform, and its market data offerings.
Total Addressable Market (TAM)
The estimated TAM for electronic fixed-income trading is in the tens of billions of dollars and growing. MarketAxess is well-positioned to capture a significant share of this market through its established platform and expanding product offerings.
Upturn SWOT Analysis
Strengths
- Leading electronic trading platform for fixed-income securities
- Established network of dealers and investors
- Strong technology platform
- Comprehensive suite of trading, data, and post-trade solutions
- Strong brand reputation
Weaknesses
- Reliance on fixed-income market conditions
- Competition from other electronic trading platforms
- Potential for cybersecurity breaches
- Dependence on key personnel
Opportunities
- Expansion into new fixed-income products and markets
- Growth in electronic trading volume
- Increasing demand for data and analytics
- Acquisition of complementary businesses
Threats
- Economic downturn
- Increased competition
- Regulatory changes
- Technological disruptions
Competitors and Market Share
Key Competitors
- TW (Tradeweb Markets Inc.)
- BBG (Bloomberg L.P.)
- ICAP (TP ICAP Group PLC)
Competitive Landscape
MarketAxess has a strong competitive position due to its established platform and network. However, it faces competition from other electronic trading platforms and traditional dealer-to-dealer markets. Tradeweb, Bloomberg, and ICAP are also major players.
Major Acquisitions
LiquidityEdge
- Year: 2019
- Acquisition Price (USD millions): 150
- Strategic Rationale: Expanded MarketAxess's presence in the US Treasury market and enhanced its technology platform.
Growth Trajectory and Initiatives
Historical Growth: MarketAxess has experienced consistent growth in revenue, trading volume, and market share over the past years.
Future Projections: Analysts project continued growth for MarketAxess, driven by the ongoing shift towards electronic trading and the company's expansion into new products and markets.
Recent Initiatives: Recent initiatives include expanding its product offerings, investing in technology, and pursuing strategic acquisitions.
Summary
MarketAxess is a strong company with a leading position in electronic fixed-income trading. Its established platform, strong network, and robust technology are working well. However, the company needs to watch out for increased competition and economic downturns. Continued innovation and strategic acquisitions will be vital for future growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q)
- Investor Presentations
- Analyst Reports
- Industry Publications
- Company Website
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market data and market share estimates are subject to change and may not be precise.
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 881 | Website https://www.marketaxess.com |
Full time employees 881 | 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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