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MarketAxess Holdings (MarketAxess Holdings) Enterprise Value

: $7,318.0 Mil (As of Today)
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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, MarketAxess Holdings's Enterprise Value is $7,318.0 Mil. MarketAxess Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $334.7 Mil. Therefore, MarketAxess Holdings's EV-to-EBIT ratio for today is 21.87.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, MarketAxess Holdings's Enterprise Value is $7,318.0 Mil. MarketAxess Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $411.1 Mil. Therefore, MarketAxess Holdings's EV-to-EBITDA ratio for today is 17.80.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, MarketAxess Holdings's Enterprise Value is $7,318.0 Mil. MarketAxess Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $752.5 Mil. Therefore, MarketAxess Holdings's EV-to-Revenue ratio for today is 9.72.


MarketAxess Holdings Enterprise Value Historical Data

The historical data trend for MarketAxess Holdings's Enterprise Value 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.

* Premium members only.

MarketAxess Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Enterprise Value
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14,088.93 21,298.77 15,165.44 10,117.64 10,656.36

MarketAxess Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10,117.64 14,447.45 9,513.52 7,690.24 10,656.36

Competitive Comparison

For the Capital Markets subindustry, MarketAxess Holdings's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MarketAxess Holdings Enterprise Value Distribution

For the Capital Markets industry and Financial Services sector, MarketAxess Holdings's Enterprise Value distribution charts can be found below:

* The bar in red indicates where MarketAxess Holdings's Enterprise Value falls into.



MarketAxess Holdings Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

MarketAxess Holdings's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as

MarketAxess Holdings's Enterprise Value for the quarter that ended in Dec. 2023 is calculated as

* 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.


MarketAxess Holdings  (NAS:MKTX) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

MarketAxess Holdings's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=7318.044/334.683
=21.87

MarketAxess Holdings's current Enterprise Value is $7,318.0 Mil.
MarketAxess Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $334.7 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

MarketAxess Holdings's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=7318.044/411.093
=17.80

MarketAxess Holdings's current Enterprise Value is $7,318.0 Mil.
MarketAxess Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $411.1 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

MarketAxess Holdings's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=7318.044/752.547
=9.72

MarketAxess Holdings's current Enterprise Value is $7,318.0 Mil.
MarketAxess Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $752.5 Mil.

* 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.


MarketAxess Holdings Enterprise Value Related Terms

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MarketAxess Holdings (MarketAxess Holdings) Business Description

Traded in Other Exchanges
Address
55 Hudson Yards, 15th Floor, New York, NY, USA, 10001
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.
Executives
Kevin M Mcpherson officer: Global Head of Sales C/O MARKETAXESS HOLDINGS INC., 299 PARK AVENUE, NEW YORK NY 10171
Christopher R Concannon director, officer: President and COO BATS GLOBAL MARKETS, 8050 MARSHALL DRIVE, SUITE 120, LENEXA KS 66214
Scott Pintoff officer: General Counsel C/O MARKETAXESS HOLDINGS, INC., 55 HUDSON YARDS, FLOOR 15, NEW YORK NY 10001
Roupie Christophe Pierre Daniel officer: Head of Europe & Asia C/O MARKETAXESS HOLDINGS INC., 299 PARK AVENUE, NEW YORK NY 10171
Steven L Begleiter director 650 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10022
Richard Leon Prager director C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, 15TH FLOOR, NEW YORK NY 10001
Nicholas Themelis officer: Chief Information Officer C/O MARKETAXESS HOLDINGS INC., 140 BROADWAY, 42ND FLOOR, NEW YORK NY 10005
Naineshkumar Shantilal Panchal officer: Chief Information Officer C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, NEW YORK NY 10001
Antonio L Delise officer: Chief Financial Officer C/O MARKETAXESS HOLDINGS, INC., 299 PARK AVENUE, NEW YORK NY 10171
Richard M Mcvey director, officer: Chairman and CEO C/O MARKETAXESS HOLDINGS INC., 140 BROADWAY, 42ND FLOOR, NEW YORK NY 10005
Christopher N. Gerosa officer: Chief Financial Officer C/O PRIMUS ASSET MANAGEMENT, INC., 360 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10017
Xiaojia Charles Li director C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, NEW YORK NY 10001
Stephen P Casper director C/O CHARTER ATLANTIC CORPORATION, 200 PARK AVENUE, NEW YORK NY 10166
Kourtney Gibson director C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, 15TH FLOOR, NEW YORK NY 10001
Justin Gerald Gmelich director C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, 15TH FLOOR, NEW YORK NY 10001