MarketAxess Holdings Inc. (MKTX) fair value analysis
S&P 500 & Nasdaq · Updated 2026-10-19
MKTX price how computed
Forward Fair Value verdict
UndervaluedMKTX is trading at more than a 25% discount to estimated fair value.
Based on TickrTrends' weekly Forward Fair Value model.
- Last price
- $164.64
- Sector
- Financial Services
- 12-month range
- $109.09–$193.61
- Market cap
- $5.79B
- From 52-week high
- -15.0%
- Shares outstanding
- 35.2M
- Rank in Financial Services by discount to fair value
- #11 of 167
Last price is our stored weekly price from 2026-10-16, older than the 2026-10-19 run that built this page; the chart runs through 2026-10-16.
MarketAxess Holdings Inc. is a financial services company that operates an electronic trading platform for fixed income securities, including bonds and credit derivatives. The company serves institutional clients such as asset managers, banks, and hedge funds across North America, Europe, and Asia.
MKTX currently ranks #11 of 167 Financial Services stocks by discount to fair value. It has screened as Undervalued for 14 consecutive weekly runs.
Fundamentals (4 quarters) how computed
- Market cap
- $5.79B
- P/E (trailing)
- 21x
- Revenue (TTM)
- $870M
- Net margin
- 35.2%
- EPS (TTM)
- $7.72
- Gross margin
- 59.7%
- Debt / equity
- 0.14
- Revenue growth (3-yr avg)
- 8.7%
- Shares outstanding
- 35.2M
Derived indicators how computed
- Quality grade
- A
- Margin trend
- Contracting
- 52-week position
- The upper-middle quarter of its range
Technicals how computed
- RSI (14-day)
- 76 · overbought
- 50-day average
- $163.31
- 200-day average
- $155.83
- Moving-average state
- 50-day above 200-day (golden cross state); price above both averages
Dividends how computed
- Paid, last 12 months
- $3.10 per share (4 payments)
- Yield on last price
- 1.88%
- Consecutive years of increases
- 12
- Last ex-dividend date
- 2026-08-19
- Last payment date
- 2026-09-02
Earnings how computed
- Next earnings report
- 2026-11-06
- Last 8 quarters vs consensus
- 8 beat, 0 missed
- Quarter by quarter
- 2026-06 ▲ beat (+3.7%)
2026-03 ▲ beat (+4.7%)
2025-12 ▲ beat (+2.4%)
2025-09 ▲ beat (+8.2%)
2025-06 ▲ beat (+2.0%)
2025-03 ▲ beat (+3.3%)
2024-12 ▲ beat (+2.4%)
2024-09 ▲ beat (+2.7%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 0 buy · 12 hold · 0 sell (12 analysts)
- Consensus lean
- Hold-leaning
- Consensus price target
- $162
- Target vs last price
- -1.6%
What our data shows for MKTX
- Our model validated 17 trailing price-to-earnings windows for MKTX, built from quarterly earnings records.
- Shares are trading in the middle of their 12-month price range of $109.09–$193.61.
- The 14-day relative strength index sits at an overbought 76.
The exact numbers are one step away
- The precise Forward Fair Value dollar figure for MKTX
- Exact discount / premium to today's price
- The normalized historical P/E behind the estimate, and how many quarters support it
- Forward EPS input and fiscal-year basis
- Screeners and rankings across the full S&P 500 and Nasdaq universes
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent MKTX news
TickrTrends' derived news-sentiment signal for MKTX is currently leaning positive, computed from recent coverage.
- MarketAxess Holdings Inc (MKTX) General Counsel and Secretary Scott Pintoff Sells 100 Shares (gurufocus.com, 2026-10-13)
TickrTrends take: Scott Pintoff's sale of 100 shares represents a minor transaction relative to typical insider trading activity and does not necessarily signal concern about MKTX's prospects. Given TickrTrends' current undervalued assessment of the company, investors monitoring this Financial Services sector stock should focus on whether insider selling accelerates or remains isolated, as sustained selling patterns could challenge the undervaluation thesis. The significance of insider transactions often depends on transaction size and frequency rather than individual small sales. - IMTC, MarketAxess Enter Relationship to Enhance Liquidity, Scale Custom Fixed Income Portfolios (prweb.com, 2026-09-09)
TickrTrends take: MarketAxess has entered into a relationship with IMTC to enhance liquidity and scale custom fixed income portfolios, representing an expansion of the company's service offerings in the fixed income space. Given TickrTrends' current undervalued assessment, investors focused on valuation metrics should monitor whether this partnership drives revenue growth and margin expansion in coming quarters. The ability to successfully integrate this relationship and demonstrate tangible business benefits will be important for validating the undervalued designation, as strategic partnerships in financial services often require time to generate measurable financial impact. - MarketAxess Holdings Inc (MKTX) -- Navigating Competitive Pressures | RS Large Cap Val Strategy Q2 2026 (gurufocus.com, 2026-09-01)
TickrTrends take: MarketAxess operates in a competitive Financial Services sector where pricing power and market share dynamics directly influence profitability and valuation multiples. The company's ability to maintain its market position while managing competitive pressures will be critical for investors focused on valuation, as sustained margin compression or revenue slowdown could pressure the undervalued assessment. TickrTrends' current undervalued designation suggests the market may not fully be pricing in either the company's competitive resilience or its capacity to defend market positioning amid industry headwinds.
What people are saying
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TickrTrends weekly updates
- 2026-10-19 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — MKTX's quality grade improved from B to A this week, reflecting a positive shift in TickrTrends' derived indicators. The stock remains classified as undervalued according to the current valuation verdict. This upgrade in quality metrics suggests strengthening fundamentals within the Financial Services sector company.
- 2026-10-06 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-28 — MKTX's sector valuation position weakened this week as its discount rank within the Financial Services sector declined from 9th to 14th place. Despite this shift toward a less favorable relative valuation position, the current valuation verdict remains Undervalued. The stock's standing among its Financial Services peers has moved further from the most discounted valuations available in the sector.
- 2026-09-21 — MKTX has moved into overbought territory this week, with its RSI zone shifting from neutral to overbought according to TickrTrends' derived indicators. Despite this technical shift suggesting potential short-term pullback risk, the stock maintains an undervalued valuation verdict based on fundamental analysis. The overbought condition represents a notable change from the previous week's neutral positioning.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is MKTX stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-10-19), MKTX is trading at more than a 25% discount to estimated fair value and screens as undervalued. The exact fair value and discount are available to subscribers.
What is MKTX's TickrTrends verdict?
MKTX's current verdict is Undervalued, refreshed with every weekly Forward Fair Value run.
How does MKTX compare to other Financial Services stocks?
MKTX ranks #11 of 167 Financial Services stocks in TickrTrends' coverage by discount to fair value.
Is MKTX overbought or oversold?
MKTX's 14-day RSI is in the overbought zone on TickrTrends' latest weekly data.
Does MKTX pay a dividend?
Yes. MKTX paid $3.10 per share over the last twelve months (4 payments), a 1.88% yield on TickrTrends' last price, and has raised the annual total for 12 consecutive years. The last ex-dividend date was 2026-08-19.
When does MKTX report earnings next?
MKTX's next earnings report is scheduled for 2026-11-06, per the published earnings calendar.
Does MKTX usually beat earnings estimates?
Over its last 8 reported quarters MKTX beat the consensus estimate 8 times and missed 0 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about MKTX?
Of 12 analysts covering MKTX, 0 rate it a buy, 12 a hold and 0 a sell - hold-leaning, with a consensus price target of $162 (-1.6% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
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