MarketAxess Holdings Inc (MKTX) - Net Assets
Based on the latest financial reports, MarketAxess Holdings Inc (MKTX) has net assets worth $1.25 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.42 Billion) and total liabilities ($1.17 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MarketAxess Holdings Inc PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.25 Billion |
| % of Total Assets | 51.74% |
| Annual Growth Rate | 26.89% |
| 5-Year Change | 11.23% |
| 10-Year Change | 147.48% |
| Growth Volatility | 541.15 |
MarketAxess Holdings Inc - Net Assets Trend (2002–2025)
This chart illustrates how MarketAxess Holdings Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see MarketAxess Holdings Inc market cap and net worth.
Annual Net Assets for MarketAxess Holdings Inc (2002–2025)
The table below shows the annual net assets of MarketAxess Holdings Inc from 2002 to 2025. Also explore MarketAxess Holdings Inc annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.16 Billion | -16.59% |
| 2024-12-31 | $1.39 Billion | +7.40% |
| 2023-12-31 | $1.29 Billion | +19.60% |
| 2022-12-31 | $1.08 Billion | +3.82% |
| 2021-12-31 | $1.04 Billion | +9.03% |
| 2020-12-31 | $955.06 Million | +24.02% |
| 2019-12-31 | $770.09 Million | +26.69% |
| 2018-12-31 | $607.88 Million | +18.09% |
| 2017-12-31 | $514.77 Million | +9.99% |
| 2016-12-31 | $468.01 Million | +19.78% |
| 2015-12-31 | $390.71 Million | +16.91% |
| 2014-12-31 | $334.21 Million | +7.68% |
| 2013-12-31 | $310.36 Million | +27.87% |
| 2012-12-31 | $242.72 Million | -22.32% |
| 2011-12-31 | $312.44 Million | +33.25% |
| 2010-12-31 | $234.48 Million | +8.30% |
| 2009-12-31 | $216.50 Million | +11.32% |
| 2008-12-31 | $194.49 Million | +11.52% |
| 2007-12-31 | $174.40 Million | -5.88% |
| 2006-12-31 | $185.28 Million | +8.44% |
| 2005-12-31 | $170.86 Million | +9.33% |
| 2004-12-31 | $156.28 Million | +229.94% |
| 2003-12-31 | $-120.27 Million | -2586.35% |
| 2002-12-31 | $4.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MarketAxess Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 153874600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.54 Billion | 134.31% |
| Common Stock | $123.00K | 0.01% |
| Other Comprehensive Income | $-4.36 Million | -0.38% |
| Total Equity | $1.15 Billion | 100.00% |
MarketAxess Holdings Inc Competitors by Market Cap
The table below lists competitors of MarketAxess Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank of Changsha Co Ltd
SHG:601577
|
$5.76 Billion |
|
Zhuzhou CRRC Times Electric Co Ltd
SHG:688187
|
$5.76 Billion |
|
Churchill Downs Incorporated
NASDAQ:CHDN
|
$5.76 Billion |
|
Genpact Limited
NYSE:G
|
$5.76 Billion |
|
Landstar System Inc
NASDAQ:LSTR
|
$5.74 Billion |
|
Telecom Italia S.p.A
F:TQIR
|
$5.74 Billion |
|
Elisa Oyj
HE:ELISA
|
$5.74 Billion |
|
Air Canada
TO:AC
|
$5.74 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MarketAxess Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,388,660,000 to 1,145,667,000, a change of -242,993,000 (-17.5%).
- Net income of 246,627,000 contributed positively to equity growth.
- Dividend payments of 115,199,000 reduced retained earnings.
- Share repurchases of 420,015,000 reduced equity.
- Other comprehensive income increased equity by 30,338,000.
- Other factors increased equity by 15,256,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $246.63 Million | +21.53% |
| Dividends Paid | $115.20 Million | -10.06% |
| Share Repurchases | $420.01 Million | -36.66% |
| Other Comprehensive Income | $30.34 Million | +2.65% |
| Other Changes | $15.26 Million | +1.33% |
| Total Change | $- | -17.50% |
Book Value vs Market Value Analysis
This analysis compares MarketAxess Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.25x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $-26.71 | $163.35 | x |
| 2002-12-31 | $1.51 | $163.35 | x |
| 2003-12-31 | $-36.57 | $163.35 | x |
| 2004-12-31 | $5.10 | $163.35 | x |
| 2005-12-31 | $4.81 | $163.35 | x |
| 2006-12-31 | $5.28 | $163.35 | x |
| 2007-12-31 | $5.06 | $163.35 | x |
| 2008-12-31 | $5.44 | $163.35 | x |
| 2009-12-31 | $5.69 | $163.35 | x |
| 2010-12-31 | $6.00 | $163.35 | x |
| 2011-12-31 | $7.89 | $163.35 | x |
| 2012-12-31 | $6.42 | $163.35 | x |
| 2013-12-31 | $8.19 | $163.35 | x |
| 2014-12-31 | $8.82 | $163.35 | x |
| 2015-12-31 | $10.38 | $163.35 | x |
| 2016-12-31 | $12.40 | $163.35 | x |
| 2017-12-31 | $13.53 | $163.35 | x |
| 2018-12-31 | $16.06 | $163.35 | x |
| 2019-12-31 | $20.29 | $163.35 | x |
| 2020-12-31 | $25.04 | $163.35 | x |
| 2021-12-31 | $27.33 | $163.35 | x |
| 2022-12-31 | $28.72 | $163.35 | x |
| 2023-12-31 | $34.34 | $163.35 | x |
| 2024-12-31 | $36.86 | $163.35 | x |
| 2025-12-31 | $31.12 | $163.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MarketAxess Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.53%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.04%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.58x
- Recent ROE (21.53%) is above the historical average (-12.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.00% | -986.60% | 0.12x | 0.00x | $-56.82 Million |
| 2002 | -745.78% | -4858.66% | 0.02x | 8.15x | $-36.56 Million |
| 2003 | 0.00% | 7.21% | 1.02x | 0.00x | $16.24 Million |
| 2004 | 36.85% | 75.98% | 0.43x | 1.13x | $41.96 Million |
| 2005 | 4.77% | 10.36% | 0.41x | 1.11x | $-8.94 Million |
| 2006 | 2.93% | 6.51% | 0.41x | 1.10x | $-13.11 Million |
| 2007 | 5.92% | 11.02% | 0.47x | 1.14x | $-7.12 Million |
| 2008 | 4.06% | 8.49% | 0.38x | 1.27x | $-11.55 Million |
| 2009 | 7.44% | 14.07% | 0.41x | 1.28x | $-5.55 Million |
| 2010 | 13.40% | 21.49% | 0.49x | 1.28x | $7.98 Million |
| 2011 | 15.27% | 26.34% | 0.52x | 1.12x | $16.46 Million |
| 2012 | 24.75% | 30.31% | 0.71x | 1.15x | $35.80 Million |
| 2013 | 22.03% | 28.64% | 0.68x | 1.13x | $37.34 Million |
| 2014 | 22.38% | 28.57% | 0.69x | 1.14x | $41.39 Million |
| 2015 | 24.58% | 31.69% | 0.69x | 1.12x | $56.97 Million |
| 2016 | 26.96% | 34.11% | 0.70x | 1.13x | $79.37 Million |
| 2017 | 28.77% | 37.26% | 0.68x | 1.13x | $96.61 Million |
| 2018 | 28.44% | 39.68% | 0.63x | 1.14x | $112.06 Million |
| 2019 | 26.61% | 40.07% | 0.54x | 1.24x | $127.89 Million |
| 2020 | 31.35% | 43.44% | 0.52x | 1.39x | $203.87 Million |
| 2021 | 24.77% | 36.79% | 0.46x | 1.47x | $153.76 Million |
| 2022 | 23.15% | 34.82% | 0.45x | 1.49x | $142.11 Million |
| 2023 | 19.96% | 34.37% | 0.37x | 1.56x | $128.76 Million |
| 2024 | 19.74% | 33.52% | 0.46x | 1.29x | $135.31 Million |
| 2025 | 21.53% | 29.04% | 0.47x | 1.58x | $132.06 Million |
Industry Comparison
This section compares MarketAxess Holdings Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $122,917,831
- Average return on equity (ROE) among peers: -51.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MarketAxess Holdings Inc (MKTX) | $1.25 Billion | 0.00% | 0.93x | $5.75 Billion |
| American Bitcoin Corp (ABTC) | $22.08 Million | -55.74% | 0.11x | $195.40 Million |
| Abits Group Inc. (ABTS) | $10.38 Million | -8.98% | 0.10x | $4.47 Million |
| Sphere 3D Corp (ANY) | $339.82K | -25.22% | 0.03x | $18.70 Million |
| Argo Blockchain PLC ADR (ARBK) | $33.15 Million | 5.93% | 0.34x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $6.53 Million | -144.59% | 0.11x | $32.53 Million |
| Prestige Wealth Inc. (AURE) | $3.04 Million | -226.15% | 1.08x | $31.06 Million |
| Solowin Holdings (AXG) | $3.34 Million | 5.15% | 2.06x | $329.35 Million |
| BGC Group Inc. (BGC) | $898.16 Million | 4.04% | 2.54x | $4.46 Billion |
| Big Digital Energy, Inc. (BGDE) | $-3.24 Million | 0.00% | 0.00x | $31.22 Million |
| Bitfarms Ltd (BITF) | $255.40 Million | -68.77% | 0.34x | $1.21 Billion |
About MarketAxess Holdings Inc
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. governm… Read more