ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. MarketAxess Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN5,618 Mil.
MarketAxess Holdings's average Total Assets over the quarter that ended in Mar. 2026 was MXN38,171 Mil. Therefore, MarketAxess Holdings's annualized ROA % for the quarter that ended in Mar. 2026 was 14.72%.
The historical rank and industry rank for MarketAxess Holdings's ROA % or its related term are showing as below:
MEX:MKTX'
s ROA % Range Over the Past 10 Years
Min: 13.24 Med: 21.43 Max: 27.08
Current: 15.32
During the past 13 years, MarketAxess Holdings's highest ROA % was 27.08%. The lowest was 13.24%. And the median was 21.43%.
MEX:MKTX's ROA % is ranked better than 92.42% of 818
companies
in the Capital Markets industry
Industry Median: 1.505
vs MEX:MKTX: 15.32
MarketAxess Holdings (MEX:MKTX) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, MarketAxess Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where MarketAxess Holdings's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
MarketAxess Holdings (MEX:MKTX) has a ROA % of 14.72% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on MarketAxess Holdings and its competitors. This is 31% below median its historical median of 21.43. Over the past decade, MarketAxess Holdings' ROA % has ranged from 13.24 to 27.08. According to the industry distribution chart, MarketAxess Holdings ranks #62 out of 818 companies in the Capital Markets industry, placing it in the top 7.6%.
Is MarketAxess Holdings' ROA % too high?
MarketAxess Holdings' current ROA % of 14.72% is 31% below median its 10-year median of 21.43. Over the past 10 years, this metric has ranged from a low of 13.24 to a high of 27.08. The Capital Markets industry median ROA % is 1.51. MarketAxess Holdings' value of 14.72% is 878.1% above this industry median. Based on the distribution chart, MarketAxess Holdings ranks #62 out of 818 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, MarketAxess Holdings has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does MarketAxess Holdings' ROA % compare to LAZ and PJT?
According to the Capital Markets industry distribution chart, MarketAxess Holdings ranks #62 out of 818 companies for ROA %. This places MarketAxess Holdings in the top 8% of its industry — outperforming the majority of peers. The industry median ROA % is 1.51. MarketAxess Holdings' value of 14.72% is 878.1% above this benchmark. Historically, MarketAxess Holdings' own ROA % has ranged from 13.24 to 27.08 over the past decade. While the company's 10-year median is 21.43 vs. the industry median of 1.51, 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 ROA % for a Capital Markets company?
The median ROA % among Capital Markets companies is 1.51, based on 818 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MarketAxess Holdings's current ROA % of 14.72% is 878.1% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on MarketAxess Holdings and its competitors. For the Capital Markets industry, the median ROA % is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MarketAxess Holdings's current ROA % is 14.72%, which is 31% below median its own 10-year median of 21.43. 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 ROA % of 14.72%. 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 ROA % is 14.72%, which is 31% below median its 10-year median of 21.43 and 878.1% above the Capital Markets industry median of 1.51. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For MarketAxess Holdings (MEX:MKTX), the current ROA % is 14.72% 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:
ROA %: 14.72% (31% below median its 10-year median of 21.43)
GF Value™: MXN6,136.25 vs. price of MXN2,756.00 (55.1% below fair value)
Industry Position: 878.1% above the Capital Markets median (#62 of 818)
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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