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Navient Holdings vs MarketAxess Holdings: NAVI and MKTX compared
Navient Holdings is the larger company: $317M of revenue in its latest quarter (Q3 2026) against $210M for MarketAxess Holdings (Q3 2026). Navient Holdings is growing faster (+97% against +0.8% a year earlier). MarketAxess Holdings is more profitable, with an operating margin of 35.4% against 4.1%.
Where the money goes: NAVI and MKTX
Navient Holdings (NAVI) · Q3 2026
Navient Holdings, Q3 2026: revenue $317M (+97% year over year), operating margin 4.1%, net earnings $15.0M. The chart follows the revenue to costs, profit and cash.
MarketAxess Holdings (MKTX) · Q3 2026
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.
| Navient Holdings (NAVI) | MarketAxess Holdings (MKTX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $317M | $210M |
| Revenue growth, Y/Y | +97% | +0.8% |
| Operating margin | 4.1% | 35.4% |
| Net earnings | $15.0M | $54.0M |
| Net margin | 4.7% | 25.7% |
| Operating cash flow | — | $247M |
| Free cash flow | — | $85.7M |
| Market value | $856M | $5.8B |
| P/E | — | 18.9× |
| Analysts’ mean target | — | $162.22 |
Where the revenue comes from
Navient Holdings
- Noninterest income: $202M (64%)
- Net interest income: $115M (36%)
MarketAxess Holdings
- Commission Revenue: $180M (86%)
- Information Services: $15.2M (7%)
- Post Trade Services: $11.4M (5%)
- Technology Services: $3.9M (2%)
Questions
Which is bigger, Navient Holdings or MarketAxess Holdings?
Navient Holdings is the larger company: $317M of revenue in its latest quarter (Q3 2026) against $210M for MarketAxess Holdings (Q3 2026).
Is Navient Holdings or MarketAxess Holdings growing faster?
Navient Holdings is growing faster (+97% against +0.8% a year earlier).
Which is more profitable, Navient Holdings or MarketAxess Holdings?
MarketAxess Holdings is more profitable, with an operating margin of 35.4% against 4.1%.
More: Navient Holdings earnings · how Navient Holdings makes money · MarketAxess Holdings earnings · how MarketAxess Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.