Filing Flows › MarketAxess Holdings (MKTX) › Operating margin
MarketAxess Holdings (MKTX) operating margin by quarter
MarketAxess Holdings' operating margin was 35.4% in Q3 2026 (third quarter 2026), -5.8 pts from Q2 2026. Over the last 7 quarters it ranged from 35.4% (Q3 2026) to 43.2% (Q1 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 35.4% | -5.8 pts | -5.6 pts |
| Q2 2026 | 41.1% | -2.1 pts | -0.7 pts |
| Q1 2026 | 43.2% | +6.9 pts | +0.9 pts |
| Q4 2025 | 36.3% | -4.7 pts | — |
| Q3 2025 | 41.0% | -0.9 pts | — |
| Q2 2025 | 41.9% | -0.5 pts | — |
| Q1 2025 | 42.4% | — | — |
Q3 2026 at a glance
MarketAxess Holdings, Q3 2026: revenue $210M (+0.8% year over year), operating margin 35.4%, net earnings $54.0M, operating cash flow $247M. The chart follows the revenue to costs, profit and cash.
Questions
What is MarketAxess Holdings' operating margin?
MarketAxess Holdings' operating margin was 35.4% in Q3 2026 (third quarter 2026), -5.8 pts from Q2 2026.
How has MarketAxess Holdings' operating margin changed?
Over the last 7 quarters it ranged from 35.4% (Q3 2026) to 43.2% (Q1 2026).