MarketAxess HoldingsMEX:MKTX 69 Net Margin % is 33.37% as of Mar. 2026, which is 7% below its 10-year median of 35.87. GuruFocus rates MEX:MKTX with a GF Score™ of 69/100 and a GF Value™ of MXN6,136.25. The stock has 4 warning signs investors should review. Among 776 Capital Markets companies, MarketAxess Holdings ranks better than 73.45% on this metric.
The historical rank and industry rank for MarketAxess Holdings's Net Margin % or its related term are showing as below:
MEX:MKTX'
s Net Margin % Range Over the Past 10 Years
Min: 29.14 Med: 35.87 Max: 43.44
Current: 35.53
MEX:MKTX's Net Margin % is ranked better than 73.45% of 776
companies
in the Capital Markets industry
Industry Median: 14.7
vs MEX:MKTX: 35.53
MarketAxess Holdings (MEX:MKTX) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
MarketAxess Holdings Net Margin % Related Terms
MarketAxess Holdings Net Margin % Historical Data
* Premium members only.
The historical data trend for MarketAxess Holdings's Net 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.
MEX:MKTX vs LAZ, PJT, CLSK: Net Margin % Comparison
For the Capital Markets subindustry, MarketAxess Holdings's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, MarketAxess Holdings's Net Margin % distribution charts can be found below:
* The bar in red indicates where MarketAxess Holdings's Net 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 (MEX:MKTX) has a Net Margin % of 33.37% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on MarketAxess Holdings and its competitors. This is near median its historical median of 35.87. Over the past decade, MarketAxess Holdings' Net Margin % has ranged from 29.14 to 43.44. According to the industry distribution chart, MarketAxess Holdings ranks #206 out of 776 companies in the Capital Markets industry, placing it in the top 26.5%.
Is MarketAxess Holdings' Net Margin % too high?
MarketAxess Holdings' current Net Margin % of 33.37% is near median its 10-year median of 35.87. Over the past 10 years, this metric has ranged from a low of 29.14 to a high of 43.44. The Capital Markets industry median Net Margin % is 14.70. MarketAxess Holdings' value of 33.37% is 127% above this industry median. Based on the distribution chart, MarketAxess Holdings ranks #206 out of 776 companies in the Capital Markets industry, which is above the industry midpoint. Overall, MarketAxess Holdings has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does MarketAxess Holdings' Net Margin % compare to LAZ and PJT?
According to the Capital Markets industry distribution chart, MarketAxess Holdings ranks #206 out of 776 companies for Net Margin %. This puts MarketAxess Holdings in the upper half of its industry. The industry median Net Margin % is 14.70. MarketAxess Holdings' value of 33.37% is 127% above this benchmark. Historically, MarketAxess Holdings' own Net Margin % has ranged from 29.14 to 43.44 over the past decade. While the company's 10-year median is 35.87 vs. the industry median of 14.70, MarketAxess Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Capital Markets company?
The median Net Margin % among Capital Markets companies is 14.70, based on 776 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MarketAxess Holdings's current Net Margin % of 33.37% is 127% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on MarketAxess Holdings and its competitors. For the Capital Markets industry, the median Net Margin % is 14.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MarketAxess Holdings's current Net Margin % is 33.37%, which is near median its own 10-year median of 35.87. 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?
MarketAxess Holdings (MEX:MKTX) has a current Net Margin % of 33.37%. The stock's GF Value™ is MXN6,136.25, compared to a current price of MXN2,756.00 — trading 55.1% below its estimated fair value. The current Net Margin % is 33.37%, which is near median its 10-year median of 35.87 and 127% above the Capital Markets industry median of 14.70. MarketAxess Holdings' overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For MarketAxess Holdings (MEX:MKTX), the current Net Margin % is 33.37% 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 (MEX:MKTX) Overvalued in 2026?
Based on GuruFocus' analysis, MarketAxess Holdings stock appears to be undervalued.
The current stock price of MXN2,756.00 is trading 55.1% below its estimated GF Value™ of MXN6,136.25.
Key valuation signals for MEX:MKTX:
Net Margin %: 33.37% (near median its 10-year median of 35.87)
GF Value™: MXN6,136.25 vs. price of MXN2,756.00 (55.1% below fair value)
Industry Position: 127% above the Capital Markets median (#206 of 776)
No single metric tells the full story. See the MEX:MKTX 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.
69GF Score
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