MARKETAXESS HOLDINGS INC
For the period ended Mar 31, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
MKTX$165.59+0.0%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Statements of Financial Condition as of March 31, 2025 and December 31, 2024
| As of | ||||
|---|---|---|---|---|
| March 31, 2025 · December 31, 2024 | ||||
| (In thousands, except share and per share amounts) | ||||
| ASSETS | ||||
| Cash and cash equivalents | $ | 486,224 | $ | 544,478 |
| Cash segregated under federal regulations | 47,514 | 47,107 | ||
| Investments, at fair value | 166,113 | 165,260 | ||
| Accounts receivable, net of allowance of $658 and $982 as of March 31, 2025 and December 31, 2024, respectively | 109,171 | 91,845 | ||
| Receivables from broker-dealers, clearing organizations and customers | 493,613 | 357,728 | ||
| Goodwill | 236,706 | 236,706 | ||
| Intangible assets, net of accumulated amortization | 94,430 | 98,078 | ||
| Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization | 107,858 | 107,298 | ||
| Operating lease right-of-use assets | 56,624 | 58,132 | ||
| Prepaid expenses and other assets | 79,843 | 82,584 | ||
| Total assets | $ | 1,878,096 | $ | 1,789,216 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||
| Liabilities | ||||
| Accrued employee compensation | 30,912 | 68,054 | ||
| Payables to broker-dealers, clearing organizations and customers | 318,866 | 218,845 | ||
| Income and other tax liabilities | 80,987 | 3,683 | ||
| Accounts payable, accrued expenses and other liabilities | 29,215 | 37,320 | ||
| Operating lease liabilities | 70,803 | 72,654 | ||
| Total liabilities | $ | 530,783 | $ | 400,556 |
| Commitments and Contingencies (Note 13) | ||||
| Stockholders’ equity | ||||
| Preferred stock, $0.001 par value, 4,855,000 shares authorized, no shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | — | — | ||
| Series A Preferred Stock, $0.001 par value, 110,000 shares authorized, no shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | — | — | ||
| Common stock voting, $0.003 par value, 110,000,000 shares authorized, 41,127,475 shares and 41,020,421 shares issued and 37,571,221 shares and 37,646,374 shares outstanding as of March 31, 2025 and December 31, 2024, respectively | 123 | 123 | ||
| Common stock non-voting, $0.003 par value, 10,000,000 shares authorized, no shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | — | — | ||
| Additional paid-in capital | 348,708 | 350,701 | ||
| Treasury stock – Common stock voting, at cost, 3,556,254 shares and 3,374,047 shares as of March 31, 2025 and December 31, 2024, respectively | (370,342) | (333,369) | ||
| Retained earnings | 1,392,279 | 1,405,904 | ||
| Accumulated other comprehensive loss | (23,455) | (34,699) | ||
| Total stockholders’ equity | 1,347,313 | 1,388,660 | ||
| Total liabilities and stockholders’ equity | $ | 1,878,096 | $ | 1,789,216 |
| The accompanying notes are an integral part of these consolidated financial statements. | ||||
CONSOLIDATED STATEMENTS OF OPERATIONS
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