Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $368M | $393M | $436M | $511M | $689M | $699M | $718M | $753M | $817M | $846M |
| Revenue growth | — | 7.0% | 10.7% | 17.4% | 34.8% | 1.4% | 2.8% | 4.8% | 8.6% | 3.6% |
| Operating income | $190M | $200M | $213M | $251M | $375M | $337M | $327M | $315M | $341M | $342M |
| Operating margin | 51.7% | 50.7% | 48.8% | 49.1% | 54.4% | 48.2% | 45.5% | 41.9% | 41.7% | 40.4% |
| Net income | $126M | $148M | $173M | $205M | $299M | $258M | $250M | $258M | $274M | $247M |
| Net margin | 34.3% | 37.6% | 39.7% | 40.1% | 43.4% | 36.9% | 34.8% | 34.3% | 33.6% | 29.1% |
| EPS (diluted) | $3.34 | $3.89 | $4.57 | $5.40 | $7.85 | $6.77 | $6.65 | $6.85 | $7.28 | $6.64 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $89.7M | $168M | $224M | $266M | $404M | $282M | $289M | $334M | $385M | $382M |
| Capital expenditures | $6.38M | $12.1M | $35.9M | $12.3M | $15.0M | $17.5M | $13.1M | $9.33M | $9.94M | $8.20M |
| Free cash flow | $83.4M | $156M | $188M | $254M | $389M | $265M | $276M | $324M | $375M | $374M |
| Share buybacks | $23.9M | $42.5M | $25.2M | $17.3M | $16.1M | $63.2M | $87.5M | $0.00 | $75.5M | $420M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $168M | $167M | $246M | $270M | $461M | $507M | $431M | $451M | $544M | $520M |
| Total assets | $528M | $581M | $696M | $955M | $1.33B | $1.53B | $1.61B | $2.02B | $1.79B | $1.93B |
| Total liabilities | $60.0M | $66.5M | $87.7M | $185M | $376M | $489M | $527M | $722M | $401M | $777M |
| Shareholders' equity | $468M | $515M | $608M | $770M | $955M | $1.04B | $1.08B | $1.29B | $1.39B | $1.15B |
| Retained earnings | $255M | $354M | $463M | $591M | $799M | $957M | $1.10B | $1.24B | $1.41B | $1.54B |
| Shares (wtd avg diluted) | 37.7M | 38.0M | 37.9M | 38.0M | 38.1M | 38.1M | 37.6M | 37.7M | 37.7M | 37.1M |
Every figure is extracted from MARKETAXESS HOLDINGS INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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