MarketAxess MKTX
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
MarketAxess (MKTX) Business Model and Operations Summary
Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being US investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions of LiquidityEdge and MuniBrokers in 2019 and 2021, respectively. The company also provides pre- and post-trade services with its acquisition of Regulatory Reporting Hub from Deutsche Börse Group in 2020 adding to its product offerings.
Key Insights
MarketAxess (MKTX) Core Market Data and Business Metrics
Latest Closing Price
$215.92Market Cap
$8.09 BillionPrice-Earnings Ratio
29.66Total Outstanding Shares
37.69 Million SharesTotal Employees
891Dividend
$0.76 Per Share QuarterlyIPO Date
November 5, 2004SIC Description
Security Brokers, Dealers & Flotation CompaniesPrimary Exchange
NASDAQHeadquarters
55 Hudson Yards, 15th Floor, New York, NY, 10001
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Cash Flow Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Operating Activities | $385.24 Million |
| Net Cash Flow From Financing Activities | $-201.38 Million |
| Net Cash Flow From Investing Activities | $-86.94 Million |
| Net Cash Flow From Investing Activities, Continuing | $-86.94 Million |
| Net Cash Flow From Operating Activities, Continuing | $385.24 Million |
| Net Cash Flow From Financing Activities, Continuing | $-201.38 Million |
Income Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Net Income/Loss | $274.18 Million |
| Net Income/Loss Attributable To Parent | $274.18 Million |
| Operating Expenses | $476.23 Million |
| Nonoperating Income/Loss | $19.68 Million |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0 |
| Income Tax Expense/Benefit, Current | $90.24 Million |
Comprehensive Income
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Other Comprehensive Income/Loss | $263.85 Million |
| Comprehensive Income/Loss Attributable To Parent | $263.85 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
| Comprehensive Income/Loss | $263.85 Million |
Balance Sheet
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Intangible Assets | $98.08 Million |
| Noncurrent Liabilities | $0 |
| Equity | $1.39 Billion |
| Assets | $1.79 Billion |
| Equity Attributable To Noncontrolling Interest | $0 |
| Liabilities And Equity | $1.79 Billion |
Historical Dividends
Current dividend: $0.76 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Feb 6, 2025 | Mar 5, 2025 | Feb 19, 2025 | $0.76 | Quarterly |
| Nov 6, 2024 | Dec 4, 2024 | Nov 20, 2024 | $0.74 | Quarterly |
| Aug 6, 2024 | Sep 4, 2024 | Aug 21, 2024 | $0.74 | Quarterly |
| May 7, 2024 | Jun 5, 2024 | May 22, 2024 | $0.74 | Quarterly |
| Jan 18, 2024 | Feb 28, 2024 | Feb 14, 2024 | $0.74 | Quarterly |
| Oct 25, 2023 | Nov 22, 2023 | Nov 8, 2023 | $0.72 | Quarterly |