MarketAxess Holdings Inc (MKTX) — Cash Flow Quality Index
MarketAxess Holdings Inc (MKTX) has a Cash Flow Quality Index of 0.39x as of June 2026. Operating cash flow of $26.81 Million is below net income of $68.32 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore MKTX cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
MarketAxess Holdings Inc Cash Flow Quality Index (2003–2025)
Historical Cash Flow Quality Index for MarketAxess Holdings Inc across 23 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see MarketAxess Holdings Inc cash conversion from operations.
Annual Cash Flow Quality Index for MarketAxess Holdings Inc (2003–2025)
Year-by-year earnings quality comparison for MarketAxess Holdings Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.55x | $382.29 Million | $246.91 Million | ▲ +10.2% |
| 2024 | 1.41x | $385.24 Million | $274.18 Million | ▲ +8.6% |
| 2023 | 1.29x | $333.77 Million | $258.06 Million | ▲ +11.9% |
| 2022 | 1.16x | $289.23 Million | $250.22 Million | ▲ +5.7% |
| 2021 | 1.09x | $282.09 Million | $257.89 Million | ▼ -19.0% |
| 2020 | 1.35x | $404.49 Million | $299.38 Million | ▲ +4.1% |
| 2019 | 1.30x | $265.94 Million | $204.90 Million | ▲ +0.2% |
| 2018 | 1.30x | $223.92 Million | $172.85 Million | ▲ +14.2% |
| 2017 | 1.13x | $168.03 Million | $148.09 Million | ▲ +78.3% |
| 2016 | 0.64x | $80.29 Million | $126.17 Million | ▼ -49.2% |
| 2015 | 1.25x | $120.20 Million | $96.04 Million | ▼ -14.8% |
| 2014 | 1.47x | $109.95 Million | $74.81 Million | ▲ +10.6% |
| 2013 | 1.33x | $90.88 Million | $68.37 Million | ▼ -2.1% |
| 2012 | 1.36x | $81.58 Million | $60.07 Million | ▼ -1.1% |
| 2011 | 1.37x | $65.48 Million | $47.70 Million | ▼ -32.8% |
| 2010 | 2.04x | $64.15 Million | $31.43 Million | ▼ -24.1% |
| 2009 | 2.69x | $43.33 Million | $16.10 Million | ▼ -23.1% |
| 2008 | 3.50x | $27.63 Million | $7.90 Million | ▲ +24.0% |
| 2007 | 2.82x | $29.12 Million | $10.32 Million | ▼ -10.6% |
| 2006 | 3.15x | $17.10 Million | $5.42 Million | ▲ +51.9% |
| 2005 | 2.08x | $16.91 Million | $8.14 Million | ▲ +497.8% |
| 2004 | 0.35x | $20.37 Million | $58.65 Million | ▼ -91.5% |
| 2003 | 4.07x | $17.16 Million | $4.21 Million | — |