MarketAxess Holdings (BSP:M1KT34) Total Operating Expense: R$872 Mil (TTM As of Mar. 2026)

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BSP:M1KT34 MarketAxess Holdings Inc BSP:M1KT34
76 GF Score
Price R$16.56
GF Value R$26.10
Valuation Significantly Undervalued
! 5 Warning Signs
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What is MarketAxess Holdings Total Operating Expense?

MarketAxess Holdings BSP:M1KT34 +0.24% 76 Total Operating Expense is R$872 Mil as of Mar. 2026. GuruFocus rates BSP:M1KT34 with a GF Score™ of 76/100 and a GF Value™ of R$26.10 (Significantly Undervalued). The stock has 5 warning signs investors should review.

MarketAxess Holdings's Total Operating Expense for the three months ended in Mar. 2026 was R$196 Mil. MarketAxess Holdings's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was R$872 Mil.

MarketAxess Holdings Total Operating Expense Related Terms

MarketAxess Holdings Total Operating Expense Historical Data

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The historical data trend for MarketAxess Holdings's Total Operating Expense 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.

MarketAxess Holdings Total Operating Expense Chart

MarketAxess Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 747.87 727.50 738.89 917.09 878.46

MarketAxess Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 213.48 211.04 257.11 196.00 207.47
BSP:M1KT34
76GF Score
MarketAxess Holdings Inc BSP:M1KT34
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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MarketAxess Holdings Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$872 Mil.

* 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.

What does a Total Operating Expense of R$872 Mil mean?
MarketAxess Holdings (BSP:M1KT34) has a Total Operating Expense of R$872 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on MarketAxess Holdings and its competitors.
Is MarketAxess Holdings' Total Operating Expense too high?
MarketAxess Holdings' current Total Operating Expense is R$872 Mil. Overall, MarketAxess Holdings has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MarketAxess Holdings' Total Operating Expense compare to MIAX and GLXY?
MarketAxess Holdings' Total Operating Expense of R$872 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Capital Markets company?
A good Total Operating Expense depends on the Capital Markets industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on MarketAxess Holdings and its competitors. MarketAxess Holdings's current Total Operating Expense is R$872 Mil. 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 (BSP:M1KT34) is currently considered Significantly Undervalued. The stock's GF Value™ is R$26.10, compared to a current price of R$16.56 — trading 36.6% below its estimated fair value. The current Total Operating Expense is R$872 Mil. MarketAxess Holdings' overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For MarketAxess Holdings (BSP:M1KT34), the current Total Operating Expense is R$872 Mil 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 (BSP:M1KT34) Overvalued in 2026?

Based on GuruFocus' analysis, MarketAxess Holdings stock appears to be undervalued. The current stock price of R$16.56 is trading 36.6% below its estimated GF Value™ of R$26.10. GuruFocus considers MarketAxess Holdings to be Significantly Undervalued.

Key valuation signals for BSP:M1KT34:

  • Total Operating Expense: R$872 Mil
  • GF Value™: R$26.10 vs. price of R$16.56 (36.6% below fair value)
  • GF Score™: 76/100 with 5 warning signs

No single metric tells the full story. See the BSP:M1KT34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MarketAxess Holdings Business Description

Address 55 Hudson Yards, New York, NY, USA, 10001
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.
76GF Score

Get the complete analysis for BSP:M1KT34

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$16.56
Price
R$26.10
GF Value