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The historical data trend for MarketAxess Holdings's FCF Margin % 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.
FRA:MWI vs MIAX, GLXY, LAZ: FCF Margin % Comparison
For the Capital Markets subindustry, MarketAxess Holdings's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, MarketAxess Holdings's FCF Margin % distribution charts can be found below:
* The bar in red indicates where MarketAxess Holdings's FCF Margin % falls into.
* 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 (FRA:MWI) has a FCF Margin % of -39.71% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on MarketAxess Holdings and its competitors. Over the past decade, MarketAxess Holdings' FCF Margin % has ranged from 19.37 to 52.07. According to the industry distribution chart, MarketAxess Holdings ranks #229 out of 772 companies in the Capital Markets industry, placing it in the top 29.7%.
Is MarketAxess Holdings' FCF Margin % too high?
MarketAxess Holdings' current FCF Margin % is -39.71%. Over the past 10 years, this metric has ranged from a low of 19.37 to a high of 52.07. Based on the distribution chart, MarketAxess Holdings ranks #229 out of 772 companies in the Capital Markets industry, which is above the industry midpoint. Overall, MarketAxess Holdings has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MarketAxess Holdings' FCF Margin % compare to MIAX and GLXY?
According to the Capital Markets industry distribution chart, MarketAxess Holdings ranks #229 out of 772 companies for FCF Margin %. This puts MarketAxess Holdings in the upper half of its industry. The industry median FCF Margin % is 1.02. Historically, MarketAxess Holdings' own FCF Margin % has ranged from 19.37 to 52.07 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Capital Markets company?
The median FCF Margin % among Capital Markets companies is 1.02, based on 772 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on MarketAxess Holdings and its competitors. For the Capital Markets industry, the median FCF Margin % is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MarketAxess Holdings's current FCF Margin % is -39.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MarketAxess Holdings stock overvalued right now?
Based on GuruFocus' analysis, MarketAxess Holdings (FRA:MWI) is currently considered Significantly Undervalued. The stock's GF Value™ is €219.17, compared to a current price of €139.75 — trading 36.2% below its estimated fair value. The current FCF Margin % is -39.71%. MarketAxess Holdings' overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For MarketAxess Holdings (FRA:MWI), the current FCF Margin % is -39.71% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MarketAxess Holdings (FRA:MWI) Overvalued in 2026?
Based on GuruFocus' analysis, MarketAxess Holdings stock appears to be undervalued.
The current stock price of €139.75 is trading 36.2% below its estimated GF Value™ of €219.17.
GuruFocus considers MarketAxess Holdings to be Significantly Undervalued.
Key valuation signals for FRA:MWI:
FCF Margin %: -39.71%
GF Value™: €219.17 vs. price of €139.75 (36.2% below fair value)
No single metric tells the full story. See the FRA:MWI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
74GF Score
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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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