MarketAxess Holdings (BSP:M1KT34) COGS-to-Revenue : 0.29 (As of Mar. 2024)

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What is MarketAxess Holdings COGS-to-Revenue?

MarketAxess Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was R$305 Mil. Its Revenue for the three months ended in Mar. 2024 was R$1,047 Mil.

MarketAxess Holdings's COGS to Revenue for the three months ended in Mar. 2024 was 0.29.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. MarketAxess Holdings's Gross Margin % for the three months ended in Mar. 2024 was 70.87%.

MarketAxess Holdings COGS-to-Revenue Historical Data

The historical data trend for MarketAxess Holdings's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MarketAxess Holdings COGS-to-Revenue Chart

MarketAxess Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.26

0.23

0.24

0.25

0.27

MarketAxess Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.26	0.27	0.28	0.29	0.29

MarketAxess Holdings COGS-to-Revenue Calculation

MarketAxess Holdings's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1013.896	/	3687.33
	=	0.27

MarketAxess Holdings's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	305.083	/	1047.342
	=	0.29

MarketAxess Holdings (BSP:M1KT34) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

MarketAxess Holdings's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	305.083 / 1047.342
	=	70.87 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

MarketAxess Holdings COGS-to-Revenue Related Terms

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MarketAxess Holdings (BSP:M1KT34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » MarketAxess Holdings Inc (BSP:M1KT34) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

MKTX:USA MWI:Germany

Address

55 Hudson Yards, 15th Floor, New York, NY, USA, 10001

Website

https://www.marketaxess.com

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 U.S. 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.

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