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MarketAxess HoldingsMKTX +0.02%72 OCF Margin % is 12.28% as of Jun. 2026, which is 73% below its 10-year median of 44.76. GuruFocus rates MKTX with a GF Score™ of 72/100 and a GF Value™ of $246.81 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 773 Capital Markets companies, MarketAxess Holdings ranks better than 65.33% on this metric.
The historical data trend for MarketAxess Holdings's OCF 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.
For the Capital Markets subindustry, MarketAxess Holdings's OCF Margin %, along with its competitors' market caps and OCF 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 OCF Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, MarketAxess Holdings's OCF Margin % distribution charts can be found below:
* The bar in red indicates where MarketAxess Holdings's OCF 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 (MKTX) has a OCF Margin % of 12.28% as of Jun. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on MarketAxess Holdings and its competitors. This is 73% below median its historical median of 44.76. Over the past decade, MarketAxess Holdings' OCF Margin % has ranged from 24.41 to 58.70. According to the industry distribution chart, MarketAxess Holdings ranks #268 out of 773 companies in the Capital Markets industry, placing it in the top 34.7%.
Is MarketAxess Holdings' OCF Margin % too high?
MarketAxess Holdings' current OCF Margin % of 12.28% is 73% below median its 10-year median of 44.76. Over the past 10 years, this metric has ranged from a low of 24.41 to a high of 58.70. The Capital Markets industry median OCF Margin % is 2.98. MarketAxess Holdings' value of 12.28% is 312.1% above this industry median. Based on the distribution chart, MarketAxess Holdings ranks #268 out of 773 companies in the Capital Markets industry, which is above the industry midpoint. Overall, MarketAxess Holdings has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MarketAxess Holdings' OCF Margin % compare to MIAX and GLXY?
According to the Capital Markets industry distribution chart, MarketAxess Holdings ranks #268 out of 773 companies for OCF Margin %. This puts MarketAxess Holdings in the upper half of its industry. The industry median OCF Margin % is 2.98. MarketAxess Holdings' value of 12.28% is 312.1% above this benchmark. Historically, MarketAxess Holdings' own OCF Margin % has ranged from 24.41 to 58.70 over the past decade. While the company's 10-year median is 44.76 vs. the industry median of 2.98, 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 OCF Margin % for a Capital Markets company?
The median OCF Margin % among Capital Markets companies is 2.98, based on 773 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MarketAxess Holdings's current OCF Margin % of 12.28% is 312.1% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on MarketAxess Holdings and its competitors. For the Capital Markets industry, the median OCF Margin % is 2.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MarketAxess Holdings's current OCF Margin % is 12.28%, which is 73% below median its own 10-year median of 44.76. 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 (MKTX) is currently considered Possible Value Trap. The stock's GF Value™ is $246.81, compared to a current price of $162.60 — trading 34.1% below its estimated fair value. The current OCF Margin % is 12.28%, which is 73% below median its 10-year median of 44.76 and 312.1% above the Capital Markets industry median of 2.98. MarketAxess Holdings' overall GF Score™ is 72/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For MarketAxess Holdings (MKTX), the current OCF Margin % is 12.28% as of Jun. 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 (MKTX) Overvalued in 2026?
Based on GuruFocus' analysis, MarketAxess Holdings stock appears to be undervalued.
The current stock price of $162.60 is trading 34.1% below its estimated GF Value™ of $246.81.
GuruFocus considers MarketAxess Holdings to be Possible Value Trap.
Key valuation signals for MKTX:
OCF Margin %: 12.28% (73% below median its 10-year median of 44.76)
GF Value™: $246.81 vs. price of $162.60 (34.1% below fair value)
Industry Position: 312.1% above the Capital Markets median (#268 of 773)
No single metric tells the full story. See the 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.
72GF Score
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