NASD · Financial · Capital Markets · USA
MarketAxess Holdings Inc is a mid cap company (market value between $2 billion and $10 billion) in the Capital Markets industry.
MarketAxess operates electronic trading platforms serving institutional investors and broker-dealers across global fixed-income markets. The company provides trading protocols, algorithmic execution solutions, data products and post-trade services, with its Open Trading marketplace connecting market participants through an anonymous liquidity pool. Commission revenue from platform transactions represents the primary revenue source, supplemented by information, post-trade and technology services.
From its FY2025 annual report (Form 10-K)
Intrinsic value, DCF valuation, financial health and value investing analysis for the MarketAxess Holdings Inc stock.
Slightly overvalued: intrinsic value $149.65 per share, market price $164.53, margin of safety -9.9% (as of 2026-10-19).
Discounting its cash flows at 9.2% (average of 3 methods) values the shares at $149.65; the price of $164.53 is 10% above that value, and 75% of that value comes from beyond year five.
Leak Score: 62/100 on 11 of 12 signals (Faint Leak).
17 more funds hold it; the full list is part of the paid plan.
11 more in this industry show a wider margin of safety.
MKTX is slightly overvalued (as of the 2026-10-19 close). Discounting its cash flows at 9.2% (average of 3 methods) values the shares at $149.65; the price of $164.53 is 10% above that value, and 75% of that value comes from beyond year five.
$149.65 per share (as of the 2026-10-19 close), against a market price of $164.53. That is a margin of safety of -9.9%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.
62 out of 100, which we rate "Faint Leak", on 11 of 12 value investing signals.