Marketaxess Holdings annual free cash flow
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2025
Marketaxess Holdings Free Cash Flow (FCF) History (MKTX)
Marketaxess Holdings reported $373.9M in free cash flow for fiscal 2025, a decrease of 0.36% from the previous fiscal year, with a free cash flow margin of 44.19%.
View full Marketaxess Holdings company overviewMarketaxess Holdings free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $373.9M | −$1.4M | −0.36% | +44.19% |
| 2024 | 2024-12-31 | $375.3M | $50.9M | +15.67% | +45.93% |
| 2023 | 2023-12-31 | $324.4M | $48.4M | +17.51% | +43.11% |
| 2022 | 2022-12-31 | $276.1M | $11.5M | +4.34% | +38.44% |
| 2021 | 2021-12-31 | $264.6M | −$124.9M | −32.06% | +37.86% |
| 2020 | 2020-12-31 | $389.5M | $135.8M | +53.55% | +56.52% |
| 2019 | 2019-12-31 | $253.6M | $65.6M | +34.90% | +49.60% |
| 2018 | 2018-12-31 | $188.0M | $32.1M | +20.57% | +43.17% |
| 2017 | 2017-12-31 | $155.9M | $72.6M | +87.07% | +39.64% |
| 2016 | 2016-12-31 | $83.4M | −$32.0M | −27.76% | +22.67% |
| 2015 | 2015-12-31 | $115.4M | $10.1M | +9.57% | +38.07% |
| 2014 | 2014-12-31 | $105.3M | $29.8M | +39.43% | +40.08% |
| 2013 | 2013-12-31 | $75.5M | −$887,000 | −1.16% | +31.64% |
| 2012 | 2012-12-31 | $76.4M | $14.1M | +22.64% | +40.05% |
| 2011 | 2011-12-31 | $62.3M | $3.4M | +5.73% | +36.26% |
| 2010 | 2010-12-31 | $58.9M | $20.5M | +53.42% | +40.31% |
| 2009 | 2009-12-31 | $38.4M | — | — | +33.57% |
Marketaxess Holdings quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $26.2M | −$76.3M | −74.48% | +11.98% |
| Q1 2026 | 2026-03-31 | −$75.6M | −$103.3M | — | −32.39% |
| Q4 2025 | 2025-12-31 | $155.1M | −$21.0M | −11.91% | +74.05% |
| Q3 2025 | 2025-09-30 | $88.7M | −$5.6M | −5.93% | +42.46% |
| Q2 2025 | 2025-06-30 | $102.5M | −$8.6M | −7.78% | +46.71% |
| Q1 2025 | 2025-03-31 | $27.7M | $33.8M | — | +13.28% |
| Q4 2024 | 2024-12-31 | $176.0M | $36.4M | +26.09% | +86.97% |
| Q3 2024 | 2024-09-30 | $94.3M | $21.1M | +28.80% | +45.60% |
| Q2 2024 | 2024-06-30 | $111.2M | $6.8M | +6.53% | +56.23% |
| Q1 2024 | 2024-03-31 | −$6.1M | −$13.5M | — | −2.92% |
| Q4 2023 | 2023-12-31 | $139.6M | $11.9M | +9.31% | +70.78% |
| Q3 2023 | 2023-09-30 | $73.2M | −$8.0M | −9.81% | +42.48% |
| Q2 2023 | 2023-06-30 | $104.3M | $12.0M | +12.98% | +58.02% |
| Q1 2023 | 2023-03-31 | $7.3M | $32.4M | — | +3.60% |
| Q4 2022 | 2022-12-31 | $127.7M | −$15.1M | −10.55% | +71.80% |
| Q3 2022 | 2022-09-30 | $81.1M | $23.1M | +39.76% | +47.14% |
| Q2 2022 | 2022-06-30 | $92.4M | $1.2M | +1.29% | +50.68% |
| Q1 2022 | 2022-03-31 | −$25.1M | $2.3M | — | −13.50% |
| Q4 2021 | 2021-12-31 | $142.8M | −$82.8M | −36.72% | +86.50% |
| Q3 2021 | 2021-09-30 | $58.1M | $110.2M | — | +35.82% |
| Q2 2021 | 2021-06-30 | $91.2M | −$8.7M | −8.72% | +51.71% |
| Q1 2021 | 2021-03-31 | −$27.4M | −$143.5M | — | −14.03% |
| Q4 2020 | 2020-12-31 | $225.6M | $140.1M | +163.80% | +131.68% |
| Q3 2020 | 2020-09-30 | −$52.1M | −$117.2M | — | −31.77% |
| Q2 2020 | 2020-06-30 | $99.9M | $35.6M | +55.41% | +54.05% |
| Q1 2020 | 2020-03-31 | $116.1M | $77.4M | +199.79% | +68.69% |
| Q4 2019 | 2019-12-31 | $85.5M | $27.5M | +47.37% | +65.91% |
| Q3 2019 | 2019-09-30 | $65.1M | $4.9M | +8.16% | +49.49% |
| Q2 2019 | 2019-06-30 | $64.3M | $23.6M | +58.21% | +51.21% |
| Q1 2019 | 2019-03-31 | $38.7M | $9.6M | +32.78% | +31.10% |
| Q4 2018 | 2018-12-31 | $58.0M | $16.4M | +39.48% | +51.62% |
| Q3 2018 | 2018-09-30 | $60.2M | $9.2M | +18.06% | +59.35% |
| Q2 2018 | 2018-06-30 | $40.6M | $3.7M | +9.96% | +37.98% |
| Q1 2018 | 2018-03-31 | $29.2M | $2.8M | +10.46% | +25.42% |
| Q4 2017 | 2017-12-31 | $41.6M | −$22.5M | −35.13% | +42.22% |
| Q3 2017 | 2017-09-30 | $51.0M | −$796,000 | −1.54% | +53.35% |
| Q2 2017 | 2017-06-30 | $36.9M | $9.5M | +34.52% | +38.35% |
| Q1 2017 | 2017-03-31 | $26.4M | $86.4M | — | +25.64% |
| Q4 2016 | 2016-12-31 | $64.1M | $21.3M | +49.89% | +69.53% |
| Q3 2016 | 2016-09-30 | $51.8M | $17.4M | +50.75% | +57.38% |
| Q2 2016 | 2016-06-30 | $27.5M | −$1.6M | −5.41% | +28.42% |
| Q1 2016 | 2016-03-31 | −$60.0M | −$69.3M | — | −67.78% |
| Q4 2015 | 2015-12-31 | $42.8M | $2.1M | +5.04% | +55.83% |
| Q3 2015 | 2015-09-30 | $34.4M | $2.4M | +7.61% | +46.31% |
| Q2 2015 | 2015-06-30 | $29.0M | $4.9M | +20.30% | +38.46% |
| Q1 2015 | 2015-03-31 | $9.2M | $692,000 | +8.12% | +12.01% |
| Q4 2014 | 2014-12-31 | $40.7M | $23.2M | +131.86% | +58.06% |
| Q3 2014 | 2014-09-30 | $31.9M | −$3.2M | −9.14% | +49.70% |
| Q2 2014 | 2014-06-30 | $24.1M | $10.8M | +80.80% | +37.15% |
| Q1 2014 | 2014-03-31 | $8.5M | −$960,000 | −10.12% | +13.45% |
| Q4 2013 | 2013-12-31 | $17.6M | −$10.5M | −37.50% | +29.07% |
| Q3 2013 | 2013-09-30 | $35.1M | $11.7M | +49.76% | +57.48% |
| Q2 2013 | 2013-06-30 | $13.3M | $1.3M | +10.46% | +21.02% |
| Q1 2013 | 2013-03-31 | $9.5M | −$3.3M | −25.71% | +17.68% |
| Q4 2012 | 2012-12-31 | $28.1M | $10.1M | +55.81% | +62.65% |
| Q3 2012 | 2012-09-30 | $23.5M | −$2.9M | −11.06% | +50.57% |
| Q2 2012 | 2012-06-30 | $12.1M | −$5.2M | −30.25% | +24.75% |
| Q1 2012 | 2012-03-31 | $12.8M | $12.2M | +2147.71% | +25.16% |
| Q4 2011 | 2011-12-31 | $18.0M | −$122,000 | −0.67% | +50.25% |
| Q3 2011 | 2011-09-30 | $26.4M | — | — | +56.66% |
| Q2 2011 | 2011-06-30 | $17.3M | — | — | +37.83% |
| Q1 2011 | 2011-03-31 | $568,000 | — | — | +1.30% |
| Q3 2010 | 2010-09-30 | $18.2M | — | — | +48.56% |
Marketaxess Holdings free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $389.5M to $373.9M, a compound annual decline of 0.81%. Marketaxess Holdings's latest reported quarter, Q2 2026, generated $26.2M in free cash flow, a decrease of 74.48% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Marketaxess Holdings filings at SEC.gov ↗