MARKETAXESS HOLDINGS INC

Security Brokers, Dealers & Flotation Companies·NEW YORK, NY·FY end 12/31·CIK 1278021

CEO Pay Ratio

35:1

Christopher R. Concannon

CEO Total Comp

$17.5K

Christopher R. Concannon

Median Employee

—

Revenue

$846.3M

FY 2025

Net Income

$246.6M

FY 2025

Free Cash Flow

$373.9M

FY 2025

Net Margin

29.1%

Insider Net (180d)

-$87.5K

0 buys / 5 sales

CEO Pay Accountability

CEO comp as % of net income

0.01%

For every $1,000 of profit, $0.07 flows to the CEO.

CEO comp as % of buybacks

0.00%

CEO comp equals 0.0‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$846.3M	$817.1M	$752.5M	$718.3M	$699.0M
Gross Profit	—	—	—	—	—	—
Operating Income	$341.8M	$340.9M	$315.0M	$326.9M	$337.2M
Net Income	$246.6M	$274.2M	$258.1M	$250.2M	$257.9M
Operating CF	$382.1M	$385.2M	$333.8M	$289.2M	$282.1M
Capex	$8.2M	$9.9M	$9.3M	$13.1M	$17.5M
Free Cash Flow	$373.9M	$375.3M	$324.4M	$276.1M	$264.6M
Buybacks	$420.0M	$75.5M	$0	$87.5M	$63.2M
Dividends	—	—	—	—	—	—

Gross Margin	—	—	—	—	—	—
Operating Margin	40.4%	41.7%	41.9%	45.5%	48.2%
Net Margin	29.1%	33.6%	34.3%	34.8%	36.9%
FCF Margin	44.2%	45.9%	43.1%	38.4%	37.9%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	32.7%	24.0%	22.4%	26.0%	22.8%
Debt / Equity	—	—	—	—	—	—
Buybacks / FCF	112.3%	20.1%	0.0%	31.7%	23.9%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Christopher R. ConcannonChief Executive Officer	$750.0K	$3.6M	$1.2M	—	$1.5M	$17.5K
Ilene J. Fiszel BielerChief Financial Officer	$500.0K	$1.1M	—	—	$1.0M	$17.5K
Kevin M. McPhersonChief Revenue Officer	$450.0K	$1.4M	—	—	$850.0K	$17.5K