MarketAxess Holdings Inc (MKTX) — Working Capital to Net Assets Ratio
MarketAxess Holdings Inc (MKTX) has a Working Capital to Net Assets ratio of 42.6% as of December 2025. Working capital of $493.94 Million (current assets of $1.08 Billion minus current liabilities of $585.41 Million) is measured against net assets of $1.16 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how financially flexible is MarketAxess Holdings Inc to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
MarketAxess Holdings Inc Working Capital to Net Assets (2003–2025)
This chart shows how MarketAxess Holdings Inc's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2003 to 2025. As of December 2025, the ratio stands at 42.6%, reflecting working capital of $493.94 Million against net assets of $1.16 Billion USD. See MarketAxess Holdings Inc defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for MarketAxess Holdings Inc (2003–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for MarketAxess Holdings Inc from 2003 to 2025, covering 23 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see MKTX stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 42.6% | $493.94 Million | $1.16 Billion | $1.08 Billion | $585.41 Million | ▼ -21.2 pp |
| 2024 | 63.8% | $886.09 Million | $1.39 Billion | $1.15 Billion | $259.85 Million | ▲ +4.8 pp |
| 2023 | 59.0% | $762.84 Million | $1.29 Billion | $1.35 Billion | $582.30 Million | ▼ -4.2 pp |
| 2022 | 63.2% | $682.77 Million | $1.08 Billion | $1.07 Billion | $387.70 Million | ▼ -4.0 pp |
| 2021 | 67.2% | $699.32 Million | $1.04 Billion | $1.04 Billion | $341.00 Million | ▼ -2.8 pp |
| 2020 | 70.0% | $668.27 Million | $955.06 Million | $888.70 Million | $220.43 Million | ▲ +16.3 pp |
| 2019 | 53.7% | $413.51 Million | $770.09 Million | $452.99 Million | $39.48 Million | ▲ +11.7 pp |
| 2018 | 42.0% | $255.25 Million | $607.88 Million | $303.86 Million | $48.61 Million | ▲ +5.1 pp |
| 2017 | 36.8% | $189.69 Million | $514.77 Million | $219.65 Million | $29.96 Million | ▼ -4.5 pp |
| 2016 | 41.4% | $193.66 Million | $468.01 Million | $218.91 Million | $25.25 Million | ▼ -36.9 pp |
| 2015 | 78.3% | $305.86 Million | $390.71 Million | $324.89 Million | $19.03 Million | ▲ +4.3 pp |
| 2014 | 74.0% | $247.26 Million | $334.21 Million | $267.62 Million | $20.37 Million | ▲ +4.0 pp |
| 2013 | 70.0% | $217.19 Million | $310.36 Million | $234.59 Million | $17.41 Million | ▼ -9.9 pp |
| 2012 | 79.9% | $193.95 Million | $242.72 Million | $211.16 Million | $17.21 Million | ▲ +0.9 pp |
| 2011 | 79.0% | $246.88 Million | $312.44 Million | $283.90 Million | $37.02 Million | ▼ -3.5 pp |
| 2010 | 82.5% | $193.44 Million | $234.48 Million | $228.17 Million | $34.73 Million | ▲ +3.1 pp |
| 2009 | 79.4% | $171.99 Million | $216.50 Million | $202.46 Million | $30.47 Million | ▲ +8.2 pp |
| 2008 | 71.2% | $138.53 Million | $194.49 Million | $160.15 Million | $21.62 Million | ▼ -40.1 pp |
| 2007 | 111.3% | $194.15 Million | $174.40 Million | $194.98 Million | $826.00K | ▲ +7.4 pp |
| 2006 | 103.9% | $192.51 Million | $185.28 Million | $193.36 Million | $857.00K | ▼ -0.7 pp |
| 2005 | 104.6% | $178.69 Million | $170.86 Million | $179.62 Million | $926.00K | ▲ +30.3 pp |
| 2004 | 74.2% | $116.03 Million | $156.28 Million | $118.83 Million | $2.80 Million | ▲ +99.7 pp |
| 2003 | -25.5% | $30.65 Million | $-120.27 Million | $48.44 Million | $17.79 Million | — |