
Marketaxess Holdings Inc
NASDAQ:MKTX

Income Statement
Earnings Waterfall
Marketaxess Holdings Inc
Revenue
|
816.8m
USD
|
Cost of Revenue
|
-89.6m
USD
|
Gross Profit
|
727.1m
USD
|
Operating Expenses
|
-386.6m
USD
|
Operating Income
|
340.5m
USD
|
Other Expenses
|
-66.4m
USD
|
Net Income
|
274.2m
USD
|
Income Statement
Marketaxess Holdings Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
263
N/A
|
276
+5%
|
287
+4%
|
297
+3%
|
303
+2%
|
315
+4%
|
336
+7%
|
352
+5%
|
370
+5%
|
384
+4%
|
384
0%
|
389
+1%
|
393
+1%
|
405
+3%
|
416
+3%
|
422
+1%
|
436
+3%
|
445
+2%
|
464
+4%
|
494
+7%
|
511
+4%
|
556
+9%
|
615
+11%
|
648
+5%
|
689
+6%
|
716
+4%
|
707
-1%
|
705
0%
|
699
-1%
|
690
-1%
|
696
+1%
|
706
+1%
|
718
+2%
|
735
+2%
|
733
0%
|
733
+0%
|
752
+3%
|
760
+1%
|
778
+2%
|
812
+4%
|
817
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(32)
|
(31)
|
(30)
|
(30)
|
(29)
|
(30)
|
(31)
|
(33)
|
(35)
|
(31)
|
(27)
|
(24)
|
(20)
|
(21)
|
(22)
|
(23)
|
(24)
|
(24)
|
(25)
|
(26)
|
(27)
|
(29)
|
(31)
|
(32)
|
(34)
|
(36)
|
(38)
|
(40)
|
(43)
|
(45)
|
(47)
|
(50)
|
(53)
|
(56)
|
(59)
|
(60)
|
(80)
|
(74)
|
(81)
|
(88)
|
(90)
|
|
Gross Profit |
231
N/A
|
245
+6%
|
256
+5%
|
267
+4%
|
274
+3%
|
285
+4%
|
305
+7%
|
320
+5%
|
336
+5%
|
354
+5%
|
357
+1%
|
366
+2%
|
373
+2%
|
384
+3%
|
394
+3%
|
399
+1%
|
412
+3%
|
422
+2%
|
439
+4%
|
468
+7%
|
485
+4%
|
527
+9%
|
584
+11%
|
615
+5%
|
655
+6%
|
680
+4%
|
669
-2%
|
665
-1%
|
657
-1%
|
645
-2%
|
649
+1%
|
655
+1%
|
665
+2%
|
680
+2%
|
675
-1%
|
674
0%
|
673
0%
|
685
+2%
|
697
+2%
|
724
+4%
|
727
+0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(112)
|
(116)
|
(119)
|
(123)
|
(126)
|
(132)
|
(138)
|
(141)
|
(144)
|
(151)
|
(156)
|
(165)
|
(174)
|
(179)
|
(186)
|
(191)
|
(199)
|
(206)
|
(215)
|
(224)
|
(234)
|
(248)
|
(262)
|
(271)
|
(280)
|
(293)
|
(299)
|
(309)
|
(319)
|
(323)
|
(329)
|
(334)
|
(338)
|
(345)
|
(349)
|
(358)
|
(358)
|
(373)
|
(379)
|
(386)
|
(387)
|
|
Selling, General & Administrative |
(95)
|
(98)
|
(101)
|
(104)
|
(108)
|
(113)
|
(119)
|
(123)
|
(126)
|
(132)
|
(135)
|
(142)
|
(149)
|
(153)
|
(158)
|
(162)
|
(168)
|
(173)
|
(181)
|
(189)
|
(196)
|
(205)
|
(214)
|
(219)
|
(223)
|
(233)
|
(236)
|
(242)
|
(250)
|
(250)
|
(255)
|
(256)
|
(259)
|
(265)
|
(267)
|
(274)
|
(287)
|
(293)
|
(302)
|
(311)
|
(313)
|
|
Depreciation & Amortization |
(17)
|
(18)
|
(18)
|
(18)
|
(19)
|
(19)
|
(19)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(19)
|
(20)
|
(21)
|
(23)
|
(23)
|
(24)
|
(24)
|
(25)
|
(27)
|
(29)
|
(31)
|
(33)
|
(36)
|
(40)
|
(45)
|
(50)
|
(53)
|
(57)
|
(59)
|
(60)
|
(61)
|
(63)
|
(65)
|
(67)
|
(71)
|
(72)
|
(74)
|
(75)
|
(74)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(3)
|
(4)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(9)
|
(9)
|
(10)
|
(11)
|
(14)
|
(17)
|
(19)
|
(21)
|
(20)
|
(19)
|
(17)
|
(16)
|
(16)
|
(16)
|
(17)
|
(18)
|
(18)
|
(18)
|
(17)
|
0
|
(8)
|
(4)
|
0
|
0
|
|
Operating Income |
119
N/A
|
129
+9%
|
137
+6%
|
145
+5%
|
148
+2%
|
154
+4%
|
167
+9%
|
178
+7%
|
192
+7%
|
203
+6%
|
201
-1%
|
201
+0%
|
200
-1%
|
205
+3%
|
208
+1%
|
207
0%
|
213
+3%
|
216
+1%
|
225
+4%
|
244
+9%
|
251
+3%
|
279
+11%
|
322
+15%
|
344
+7%
|
375
+9%
|
387
+3%
|
370
-4%
|
356
-4%
|
337
-5%
|
322
-5%
|
320
-1%
|
322
+1%
|
327
+2%
|
334
+2%
|
325
-3%
|
316
-3%
|
315
0%
|
312
-1%
|
318
+2%
|
338
+6%
|
341
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
3
|
4
|
4
|
5
|
5
|
6
|
7
|
8
|
8
|
8
|
7
|
6
|
3
|
1
|
(0)
|
(1)
|
(0)
|
(0)
|
(1)
|
(0)
|
2
|
6
|
10
|
15
|
20
|
23
|
23
|
24
|
24
|
24
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(2)
|
(2)
|
(3)
|
(1)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
1
|
7
|
7
|
6
|
2
|
(5)
|
(7)
|
(5)
|
(4)
|
(3)
|
(2)
|
(4)
|
|
Pre-Tax Income |
119
N/A
|
129
+9%
|
137
+6%
|
145
+5%
|
148
+2%
|
154
+4%
|
167
+9%
|
178
+7%
|
192
+7%
|
203
+6%
|
202
0%
|
203
+0%
|
202
0%
|
207
+3%
|
211
+2%
|
211
+0%
|
218
+3%
|
222
+2%
|
232
+4%
|
252
+8%
|
257
+2%
|
284
+10%
|
325
+15%
|
346
+6%
|
374
+8%
|
385
+3%
|
366
-5%
|
353
-4%
|
334
-5%
|
323
-3%
|
326
+1%
|
331
+1%
|
338
+2%
|
346
+2%
|
336
-3%
|
328
-2%
|
333
+1%
|
331
0%
|
339
+2%
|
360
+6%
|
361
+0%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(44)
|
(48)
|
(49)
|
(51)
|
(52)
|
(53)
|
(58)
|
(61)
|
(65)
|
(63)
|
(57)
|
(55)
|
(42)
|
(42)
|
(43)
|
(39)
|
(46)
|
(45)
|
(47)
|
(51)
|
(53)
|
(57)
|
(62)
|
(69)
|
(75)
|
(79)
|
(78)
|
(74)
|
(76)
|
(80)
|
(84)
|
(87)
|
(88)
|
(87)
|
(84)
|
(81)
|
(75)
|
(74)
|
(76)
|
(81)
|
(86)
|
|
Income from Continuing Operations |
75
|
82
|
88
|
93
|
96
|
100
|
109
|
118
|
126
|
140
|
145
|
148
|
160
|
165
|
168
|
172
|
173
|
177
|
185
|
200
|
205
|
227
|
263
|
277
|
299
|
305
|
289
|
279
|
258
|
242
|
242
|
243
|
250
|
259
|
252
|
248
|
258
|
257
|
262
|
279
|
274
|
|
Net Income (Common) |
75
N/A
|
82
+9%
|
88
+7%
|
93
+6%
|
96
+3%
|
100
+5%
|
109
+9%
|
118
+8%
|
126
+7%
|
140
+11%
|
145
+4%
|
148
+2%
|
148
+0%
|
154
+4%
|
156
+2%
|
161
+3%
|
173
+8%
|
177
+3%
|
185
+4%
|
200
+8%
|
205
+2%
|
227
+11%
|
263
+16%
|
277
+5%
|
299
+8%
|
305
+2%
|
289
-5%
|
279
-3%
|
258
-7%
|
242
-6%
|
242
0%
|
243
+1%
|
250
+3%
|
259
+4%
|
252
-3%
|
248
-2%
|
258
+4%
|
257
0%
|
262
+2%
|
279
+6%
|
274
-2%
|
|
EPS (Diluted) |
1.97
N/A
|
2.16
+10%
|
2.32
+7%
|
2.46
+6%
|
2.55
+4%
|
2.66
+4%
|
2.9
+9%
|
3.12
+8%
|
3.34
+7%
|
3.66
+10%
|
3.81
+4%
|
3.89
+2%
|
3.89
N/A
|
4.05
+4%
|
4.11
+1%
|
4.24
+3%
|
4.56
+8%
|
4.68
+3%
|
4.88
+4%
|
5.28
+8%
|
5.4
+2%
|
5.97
+11%
|
6.9
+16%
|
7.26
+5%
|
7.85
+8%
|
8
+2%
|
7.57
-5%
|
7.31
-3%
|
6.77
-7%
|
6.41
-5%
|
6.43
+0%
|
6.46
+0%
|
6.65
+3%
|
6.9
+4%
|
6.71
-3%
|
6.59
-2%
|
6.85
+4%
|
6.81
-1%
|
6.95
+2%
|
7.4
+6%
|
7.28
-2%
|