MARKETAXESS HOLDINGS INC
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $846.3M | $817.1M | $752.5M | $718.3M | $699.0M | $689.1M | $511.4M | $435.6M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $26.6M | $22.7M | $23.0M | $19.2M | $14.5M | $12.7M | $15.7M | $11.4M |
| Operating Income | $341.8M | $340.9M | $315.0M | $326.9M | $337.2M | $374.7M | $250.9M | $212.6M |
| Operating Margin | 40.4% | 41.7% | 41.9% | 45.5% | 48.2% | 54.4% | 49.1% | 48.8% |
| Interest Expense | — | — | $2.0M | $700.0K | $842.0K | $1.1M | — | — |
| Pretax Income | $367.0M | $360.5M | $332.7M | $338.3M | $333.9M | $374.4M | $257.4M | $218.1M |
| Income Tax Expense | $120.1M | $86.4M | $74.6M | $88.1M | $76.0M | $75.0M | $52.5M | $45.2M |
| Net Income | $246.6M | $274.2M | $258.1M | $250.2M | $257.9M | $299.4M | $204.9M | $172.9M |
| Net Margin | 29.1% | 33.6% | 34.3% | 34.8% | 36.9% | 43.4% | 40.1% | 39.7% |
| EPS (Basic) | $6.66 | $7.29 | $6.87 | $6.68 | $6.88 | $8.01 | $5.53 | $4.68 |
| EPS (Diluted) | $6.64 | $7.28 | $6.85 | $6.65 | $6.77 | $7.85 | $5.40 | $4.57 |
| Shares Outstanding (Basic) | 37.1M | 37.6M | 37.5M | 37.5M | 37.5M | 37.4M | 37.1M | 37.0M |
| Shares Outstanding (Diluted) | 37.1M | 37.7M | 37.7M | 37.6M | 38.1M | 38.1M | 38.0M | 37.9M |
| Dividends Per Share | $3.04 | $2.96 | $2.88 | $2.80 | $2.64 | $2.40 | $2.04 | $1.68 |