MarketAxess (MKTX) Revenue & Revenue Breakdown

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MarketAxess Revenue Highlights

Latest Revenue (Y)

$752.55M

Latest Revenue (Q)

$206.72M

Main Segment (Y)

Commission Revenue

Main Geography (Y)

Americas

MarketAxess Revenue by Period

MarketAxess Revenue by Year

Date	Revenue	Change
2023-12-31	$752.55M	4.77%
2022-12-31	$718.30M	2.77%
2021-12-31	$698.95M	1.43%
2020-12-31	$689.13M	34.77%
2019-12-31	$511.35M	17.40%
2018-12-31	$435.56M	9.58%
2017-12-31	$397.47M	7.45%
2016-12-31	$369.92M	22.05%
2015-12-31	$303.10M	15.35%
2014-12-31	$262.77M	10.07%
2013-12-31	$238.73M	20.45%
2012-12-31	$198.20M	9.45%
2011-12-31	$181.10M	23.85%
2010-12-31	$146.23M	27.78%
2009-12-31	$114.44M	22.94%
2008-12-31	$93.08M	-0.60%
2007-12-31	$93.64M	12.39%
2006-12-31	$83.32M	6.05%
2005-12-31	$78.56M	3.65%
2004-12-31	$75.80M	29.66%
2003-12-31	$58.46M	212.60%
2002-12-31	$18.70M	183.44%
2001-12-31	$6.60M	-

MarketAxess generated $752.55M in revenue during NA 2023, up 4.77% compared to the previous quarter, and up 172.77% compared to the same period a year ago.

MarketAxess Revenue by Quarter

Date	Revenue	Change
2024-09-30	$206.72M	4.80%
2024-06-30	$197.25M	-6.81%
2024-03-31	$211.66M	7.58%
2023-12-31	$196.75M	14.20%
2023-09-30	$172.28M	-4.20%
2023-06-30	$179.85M	-11.48%
2023-03-31	$203.17M	14.20%
2022-12-31	$177.90M	3.36%
2022-09-30	$172.11M	-5.55%
2022-06-30	$182.23M	-2.06%
2022-03-31	$186.06M	12.72%
2021-12-31	$165.06M	1.83%
2021-09-30	$162.09M	-8.08%
2021-06-30	$176.33M	-9.79%
2021-03-31	$195.46M	14.08%
2020-12-31	$171.35M	4.48%
2020-09-30	$164.01M	-11.25%
2020-06-30	$184.79M	9.36%
2020-03-31	$168.98M	30.21%
2019-12-31	$129.77M	-1.39%
2019-09-30	$131.60M	4.87%
2019-06-30	$125.49M	0.80%
2019-03-31	$124.49M	10.71%
2018-12-31	$112.44M	10.84%
2018-09-30	$101.44M	-6.37%
2018-06-30	$108.35M	-6.50%
2018-03-31	$115.88M	16.39%
2017-12-31	$99.56M	2.96%
2017-09-30	$96.70M	-0.63%
2017-06-30	$97.31M	-6.33%
2017-03-31	$103.89M	10.01%
2016-12-31	$94.44M	4.61%
2016-09-30	$90.27M	-6.59%
2016-06-30	$96.64M	9.11%
2016-03-31	$88.57M	15.56%
2015-12-31	$76.64M	3.30%
2015-09-30	$74.19M	-1.72%
2015-06-30	$75.49M	-1.67%
2015-03-31	$76.77M	9.41%
2014-12-31	$70.17M	9.22%
2014-09-30	$64.25M	-1.11%
2014-06-30	$64.96M	2.47%
2014-03-31	$63.40M	4.89%
2013-12-31	$60.44M	-1.13%
2013-09-30	$61.13M	-6.75%
2013-06-30	$65.56M	18.00%
2013-03-31	$55.56M	10.26%
2012-12-31	$50.39M	4.41%
2012-09-30	$48.26M	-1.16%
2012-06-30	$48.83M	-3.76%
2012-03-31	$50.73M	12.41%
2011-12-31	$45.13M	-3.07%
2011-09-30	$46.56M	1.69%
2011-06-30	$45.79M	5.00%
2011-03-31	$43.61M	12.96%
2010-12-31	$38.60M	3.19%
2010-09-30	$37.41M	5.91%
2010-06-30	$35.33M	1.27%
2010-03-31	$34.88M	2.72%
2009-12-31	$33.96M	13.16%
2009-09-30	$30.01M	16.14%
2009-06-30	$25.84M	4.90%
2009-03-31	$24.63M	12.85%
2008-12-31	$21.83M	-3.76%
2008-09-30	$22.68M	-11.53%
2008-06-30	$25.64M	11.76%
2008-03-31	$22.94M	2.52%
2007-12-31	$22.38M	-

MarketAxess generated $206.72M in revenue during Q3 2024, up 4.80% compared to the previous quarter, and up 114.94% compared to the same period a year ago.

MarketAxess Revenue Breakdown

MarketAxess Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Post Trade Services	$40.18M	$15.88M	$15.80M	$15.86M	$13.14M
Information Services	$46.38M	$11.23M	$10.33M	$8.53M	$7.26M
Commission Revenue	$662.96M	$641.18M	$621.01M	$634.45M	$463.86M
Technology Services	$3.02M	-	-	-	-
Other Revenues	-	$926.00K	$846.00K	$879.00K	$1.00M

MarketAxess's latest annual revenue breakdown by segment (product or service), as of Dec 23: Commission Revenue (88.10%), Information Services (6.16%), Post Trade Services (5.34%), and Technology Services (0.40%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Technology Services	$6.33M	$2.83M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Information Services	$12.96M	$11.88M	$28.47M	$11.80M	$3.11M	$3.00M	$2.96M	$2.81M	$2.75M	$2.71M	$2.72M	$2.65M	$2.51M	$2.45M	$2.25M	$2.00M	$1.84M	$1.82M	-	-
Post Trade Services	$17.52M	$10.73M	$10.97M	$17.34M	$4.99M	$6.87M	$5.34M	$3.04M	$3.50M	$4.00M	$4.06M	$3.68M	$4.05M	$4.00M	$4.03M	$3.47M	$3.73M	$3.96M	-	-
Commission Revenue	$180.39M	$184.87M	$171.89M	$150.50M	$158.59M	$181.99M	$158.44M	$153.16M	$163.46M	$166.11M	$145.91M	$142.83M	$156.43M	$175.84M	$155.81M	$150.59M	$172.09M	$155.95M	$117.10M	$119.87M
Other Revenues	-	-	-	$154.00K	$190.00K	$188.00K	$240.00K	$237.00K	$226.00K	$223.00K	$217.00K	$215.00K	$211.00K	$203.00K	$198.00K	$230.00K	$222.00K	$229.00K	$233.00K	$251.00K

MarketAxess's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Commission Revenue (83.05%), Post Trade Services (8.06%), Information Services (5.97%), and Technology Services (2.92%).

MarketAxess Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Europe	$136.99M	$119.11M	$110.07M	$89.75M	-
Americas	$597.14M	$581.93M	$568.92M	$583.16M	-
Asia	$18.41M	$17.25M	$19.96M	$16.21M	-
Other Geographic Area	-	-	-	-	$2.54M
UNITED STATES	-	-	-	-	$424.73M

MarketAxess's latest annual revenue breakdown by geography, as of Dec 23: Americas (79.35%), Europe (18.20%), and Asia (2.45%).

Quarterly Revenue by Country

Country	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Europe	$35.89M	$37.73M	$35.33M	$31.40M	$33.52M	$36.74M	$32.45M	$28.12M	$27.80M	$30.74M	$26.22M	$25.99M	$28.32M	$29.54M	-	-	-	-	-	-
Other Geographic Area	$5.82M	$5.76M	$5.32M	$4.98M	$4.95M	$639.00K	$654.00K	$643.00K	-	-	-	-	-	-	-	-	-	-	-	-
Americas	$165.01M	$166.83M	$157.18M	$136.40M	$142.00M	$161.57M	$142.00M	$140.02M	$149.36M	$150.56M	$134.25M	$131.31M	$143.24M	$160.12M	-	-	-	-	-	-
Asia	-	$5.76M	$4.74M	$4.49M	$4.33M	$4.86M	$3.45M	$3.97M	$5.07M	$4.76M	$4.59M	$4.80M	$4.78M	$5.80M	-	-	-	-	-	-
UNITED STATES	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$138.13M	$157.73M	$141.61M	$107.45M	$109.53M	$104.14M

MarketAxess's latest quarterly revenue breakdown by geography, as of Sep 24: Americas (79.82%), Europe (17.36%), and Other Geographic Area (2.81%).

MarketAxess Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
RJF	Raymond James Financial	$11.47B	$3.76B
LPLA	LPL Financial	$10.05B	$3.11B
IBKR	Interactive Brokers Group	$7.81B	$2.21B
SF	Stifel Financial	$5.16B	$1.48B
LAZ	Lazard	$2.59B	$807.41M
EVR	Evercore	$2.44B	$738.42M
HLI	Houlihan Lokey	$1.91B	$574.96M
PIPR	Piper Sandler Companies	$1.36B	$360.93M
PJT	PJT Partners	$1.15B	$326.32M
MC	Moelis & Company	$854.75M	$273.75M
MKTX	MarketAxess	$752.55M	$206.72M
PWP	Perella Weinberg Partners	$648.65M	$272.00M

MKTX Revenue FAQ

What is MarketAxess’s yearly revenue?

MarketAxess's yearly revenue for 2023 was $752.55M, representing an increase of 4.77% compared to 2022. The company's yearly revenue for 2022 was $718.3M, representing an increase of 2.77% compared to 2021. MKTX's yearly revenue for 2021 was $698.95M, representing an increase of 1.43% compared to 2020.

What is MarketAxess’s quarterly revenue?

MarketAxess's quarterly revenue for Q3 2024 was $206.72M, a 4.80% increase from the previous quarter (Q2 2024), and a 19.99% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $197.25M, a -6.81% decrease from the previous quarter (Q1 2024), and a 9.68% increase year-over-year (Q2 2023). MKTX's quarterly revenue for Q1 2024 was $211.66M, a 7.58% increase from the previous quarter (Q4 2023), and a 4.18% increase year-over-year (Q1 2023).

What is MarketAxess’s revenue growth rate?

MarketAxess's revenue growth rate for the last 3 years (2021-2023) was 7.67%, and for the last 5 years (2019-2023) was 47.17%.

What are MarketAxess’s revenue streams?

MarketAxess's revenue streams in c 23 are Post Trade Services, Information Services, Commission Revenue, and Technology Services. Post Trade Services generated $40.18M in revenue, accounting 5.34% of the company's total revenue, up 153.07% year-over-year. Information Services generated $46.38M in revenue, accounting 6.16% of the company's total revenue, up 313.10% year-over-year. Commission Revenue generated $662.96M in revenue, accounting 88.10% of the company's total revenue, up 3.40% year-over-year. Technology Services generated $3.02M in revenue, accounting 0.40% of the company's total revenue

What is MarketAxess’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of MarketAxess was Commission Revenue. This segment made a revenue of $662.96M, representing 88.10% of the company's total revenue.