MKTX

MarketAxess Holdings Inc.

Financial Services · $5.8B market cap

Verdict

Share price

$164.14

close of Oct 3, 2026

Fair value

$102.05

Sticker Price

Payback Price

$40.82

buy price

Overpriced

MKTX is Overpriced: at $164.14 it trades 61% above its fair value of $102.05. Its buy price (Payback Price) is $40.82, 75% below today's price. Business quality is strong: all 5 key numbers clear the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

5 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth16.8% a year✓
Equity per share growth12.0% a year✓
Sales growth14.5% a year✓
Free cash flow growth14.8% a year✓
Return on invested capital16.8%✓

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Superinvestors

1 of the investors we track holds MKTX. In Q2 2026, 1 added. Who we track

Moves in Q2 2026

Added: First Eagle Investment Management

Insider activity

Since Jun 18, 2026: no open-market purchases, 4 sales worth $1.1M and 3 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About MarketAxess Holdings Inc.

MarketAxess Holdings Inc. develops and operates a premier electronic trading platform, serving institutional investors and broker-dealers globally. This platform provides essential access to deep liquidity across a broad spectrum of fixed-income assets, including U.S. investment-grade and high-yield corporate bonds, U.S. Treasuries, municipal bonds, emerging market debt, and Eurobonds, among other debt securities…

Financial - Capital Markets

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works