The historical rank and industry rank for MarketAxess Holdings's ROE % or its related term are showing as below:
MEX:MKTX'
s ROE % Range Over the Past 10 Years
Min: 19.46 Med: 27.62 Max: 34.71
Current: 24
During the past 13 years, MarketAxess Holdings's highest ROE % was 34.71%. The lowest was 19.46%. And the median was 27.62%.
MEX:MKTX's ROE % is ranked better than 86.25% of 793
companies
in the Capital Markets industry
Industry Median: 6.01
vs MEX:MKTX: 24.00
MarketAxess Holdings (MEX:MKTX) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
* 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, MarketAxess Holdings's ROE % distribution charts can be found below:
* The bar in red indicates where MarketAxess Holdings's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
MarketAxess Holdings (MEX:MKTX) has a ROE % of 26.69% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on MarketAxess Holdings and its competitors. This is near median its historical median of 27.62. Over the past decade, MarketAxess Holdings' ROE % has ranged from 19.46 to 34.71. According to the industry distribution chart, MarketAxess Holdings ranks #109 out of 793 companies in the Capital Markets industry, placing it in the top 13.7%.
Is MarketAxess Holdings' ROE % too high?
MarketAxess Holdings' current ROE % of 26.69% is near median its 10-year median of 27.62. Over the past 10 years, this metric has ranged from a low of 19.46 to a high of 34.71. The Capital Markets industry median ROE % is 6.01. MarketAxess Holdings' value of 26.69% is 344.1% above this industry median. Based on the distribution chart, MarketAxess Holdings ranks #109 out of 793 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' ROE % compare to LAZ and PJT?
According to the Capital Markets industry distribution chart, MarketAxess Holdings ranks #109 out of 793 companies for ROE %. This places MarketAxess Holdings in the top 14% of its industry — outperforming the majority of peers. The industry median ROE % is 6.01. MarketAxess Holdings' value of 26.69% is 344.1% above this benchmark. Historically, MarketAxess Holdings' own ROE % has ranged from 19.46 to 34.71 over the past decade. While the company's 10-year median is 27.62 vs. the industry median of 6.01, 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 ROE % for a Capital Markets company?
The median ROE % among Capital Markets companies is 6.01, based on 793 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MarketAxess Holdings's current ROE % of 26.69% is 344.1% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on MarketAxess Holdings and its competitors. For the Capital Markets industry, the median ROE % is 6.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MarketAxess Holdings's current ROE % is 26.69%, which is near median its own 10-year median of 27.62. 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 ROE % of 26.69%. 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 ROE % is 26.69%, which is near median its 10-year median of 27.62 and 344.1% above the Capital Markets industry median of 6.01. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For MarketAxess Holdings (MEX:MKTX), the current ROE % is 26.69% 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:
ROE %: 26.69% (near median its 10-year median of 27.62)
GF Value™: MXN6,136.25 vs. price of MXN2,756.00 (55.1% below fair value)
Industry Position: 344.1% above the Capital Markets median (#109 of 793)
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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