MarketAxess Holdings Inc. (MKTX) reported a record $846 million in revenue for 2025, driven by a 10% growth in non-U.S. credit products, and achieved a record annual free cash flow of $347 million. The company returned $474 million to investors through share repurchases and dividends, including a new $400 million capital return plan. Despite strong financial health and attractive valuation metrics near a 10-year low, investors should be aware of a declining operating margin and recent insider selling activity.
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MarketAxess (MKTX) Reports Record Revenue and Enhanced Capital R
MarketAxess Holdings Inc. (MKTX) reported a record $846 million in revenue for 2025, driven by a 10% growth in non-U.S. credit products, and achieved a record annual free cash flow of $347 million. The company returned $474 million to investors through share repurchases and dividends, including a new $400 million capital return plan. Despite strong financial health and attractive valuation metrics near a 10-year low, investors should be aware of a declining operating margin and recent insider selling activity.