MARKETAXESS HOLDINGS INC (MKTX) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 3.84%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | 3.84% | Share-based compensation / revenue. Period ending 2026-06-30. $33.40M ÷ $870.02M × 100 ≈ 3.84% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | |
| Revenue | 870.02M USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 33.40M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 352.39M USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | $870.02M | $33.40M | $352.39M | (m) | (m) | 3.84% | (m) | (m) |
| 2026-03-31 | (m) | $871.07M | $32.74M | $354.38M | (m) | (m) | 3.76% | (m) | (m) |
| 2025-12-31 | (m) | $846.27M | $30.92M | $341.84M | (m) | (m) | 3.65% | (m) | (m) |
| 2025-09-30 | (m) | $839.26M | $30.34M | $345.80M | (m) | (m) | 3.61% | (m) | (m) |
| 2025-06-30 | (m) | $837.16M | $29.95M | $347.28M | (m) | (m) | 3.58% | (m) | (m) |
| 2025-03-31 | (m) | $815.36M | $29.91M | $336.75M | (m) | (m) | 3.67% | (m) | (m) |
| 2024-12-31 | (m) | $817.10M | $29.68M | $340.87M | (m) | (m) | 3.63% | (m) | (m) |
| 2024-09-30 | (m) | $811.94M | $30.40M | $337.92M | (m) | (m) | 3.74% | (m) | (m) |
| 2024-06-30 | (m) | $777.51M | $29.90M | $317.77M | $2.74M | (m) | 3.85% | 116.10× | Reported |
| 2024-03-31 | (m) | $759.70M | $28.80M | $312.16M | $2.17M | (m) | 3.79% | 143.92× | Reported |
| 2023-12-31 | (m) | $752.55M | $29.19M | $315.02M | $1.98M | (m) | 3.88% | 158.86× | Reported |
| 2023-09-30 | (m) | $733.20M | $29.77M | $315.67M | $399.00K | (m) | 4.06% | 791.14× | Reported |
| 2023-06-30 | (m) | $733.03M | $29.64M | $325.07M | $373.00K | (m) | 4.04% | 871.49× | Reported |
| 2023-03-31 | (m) | $735.41M | $29.25M | $334.13M | $657.00K | (m) | 3.98% | 508.57× | Reported |
| 2022-12-31 | (m) | $718.30M | $29.86M | $326.88M | $700.00K | (m) | 4.16% | 466.97× | Reported |
| 2022-09-30 | (m) | $705.46M | $28.95M | $321.78M | $814.00K | (m) | 4.10% | 395.31× | Reported |
| 2022-06-30 | (m) | $695.44M | $28.36M | $319.48M | $990.00K | (m) | 4.08% | 322.70× | Reported |
| 2022-03-31 | (m) | $689.54M | $27.99M | $321.87M | $824.00K | (m) | 4.06% | 390.61× | Reported |
| 2021-12-31 | (m) | $698.95M | $27.31M | $337.24M | $842.00K | (m) | 3.91% | 400.52× | Reported |
| 2021-09-30 | (m) | $705.24M | $27.01M | $356.35M | $772.00K | (m) | 3.83% | 461.59× | Reported |
| 2021-06-30 | (m) | $707.15M | $26.70M | $370.15M | $1.50M | (m) | 3.78% | 246.11× | Reported |
| 2021-03-31 | (m) | $715.61M | $26.36M | $387.11M | (m) | (m) | 3.68% | (m) | (m) |
| 2020-12-31 | (m) | $689.13M | $25.61M | $374.73M | $1.14M | (m) | 3.72% | 328.13× | Reported |
| 2020-09-30 | (m) | $647.55M | $25.14M | $343.88M | (m) | (m) | 3.88% | (m) | (m) |
| 2020-06-30 | (m) | $615.14M | $26.64M | $322.04M | (m) | (m) | 4.33% | (m) | (m) |
| 2020-03-31 | (m) | $555.84M | $26.77M | $278.78M | (m) | (m) | 4.82% | (m) | (m) |
| 2019-12-31 | (m) | $511.35M | $25.29M | $250.88M | (m) | (m) | 4.95% | (m) | (m) |
| 2019-09-30 | (m) | $494.02M | $23.37M | $244.00M | (m) | (m) | 4.73% | (m) | (m) |
| 2019-06-30 | (m) | $463.87M | $19.37M | $224.44M | (m) | (m) | 4.18% | (m) | (m) |
| 2019-03-31 | (m) | $445.34M | $17.09M | $215.60M | (m) | (m) | 3.84% | (m) | (m) |
| 2018-12-31 | (m) | $435.56M | $15.85M | $212.58M | (m) | (m) | 3.64% | (m) | (m) |
| 2018-09-30 | (m) | $425.73M | $14.98M | (m) | (m) | (m) | 3.52% | (m) | (m) |
| 2018-06-30 | (m) | $419.87M | $14.55M | (m) | (m) | (m) | 3.47% | (m) | (m) |
| 2018-03-31 | (m) | $409.22M | $14.43M | (m) | (m) | (m) | 3.53% | (m) | (m) |
| 2017-12-31 | (m) | $397.47M | $14.42M | (m) | (m) | (m) | 3.63% | (m) | (m) |
| 2017-09-30 | (m) | $392.34M | $14.86M | (m) | (m) | (m) | 3.79% | (m) | (m) |
| 2017-06-30 | (m) | $385.91M | $15.04M | (m) | (m) | (m) | 3.90% | (m) | (m) |
| 2017-03-31 | (m) | $385.24M | $14.96M | (m) | (m) | (m) | 3.88% | (m) | (m) |
| 2016-12-31 | (m) | $369.92M | $14.51M | (m) | (m) | (m) | 3.92% | (m) | (m) |
| 2016-09-30 | (m) | $352.13M | $13.88M | (m) | (m) | (m) | 3.94% | (m) | (m) |
| 2016-06-30 | (m) | $336.05M | $13.43M | (m) | (m) | (m) | 4.00% | (m) | (m) |
| 2016-03-31 | (m) | $314.90M | $12.97M | (m) | (m) | (m) | 4.12% | (m) | (m) |
| 2015-12-31 | (m) | $303.10M | $12.52M | (m) | (m) | (m) | 4.13% | (m) | (m) |
| 2015-09-30 | (m) | $296.62M | $11.87M | (m) | (m) | (m) | 4.00% | (m) | (m) |
| 2015-06-30 | (m) | $286.67M | $11.14M | (m) | (m) | (m) | 3.89% | (m) | (m) |
| 2015-03-31 | (m) | $276.15M | $10.49M | (m) | (m) | (m) | 3.80% | (m) | (m) |
| 2014-12-31 | (m) | $262.77M | $9.77M | (m) | (m) | (m) | 3.72% | (m) | (m) |
| 2014-09-30 | (m) | $253.05M | $9.64M | (m) | (m) | (m) | 3.81% | (m) | (m) |
| 2014-06-30 | (m) | $249.94M | $9.35M | (m) | (m) | (m) | 3.74% | (m) | (m) |
| 2014-03-31 | (m) | $248.48M | $9.20M | (m) | (m) | (m) | 3.70% | (m) | (m) |
| 2013-12-31 | (m) | $238.73M | $8.88M | (m) | (m) | (m) | 3.72% | (m) | (m) |
| 2013-09-30 | (m) | $234.23M | $8.62M | (m) | (m) | (m) | 3.68% | (m) | (m) |
| 2013-06-30 | (m) | $219.76M | $8.54M | (m) | (m) | (m) | 3.88% | (m) | (m) |
| 2013-03-31 | (m) | $203.03M | $8.42M | (m) | (m) | (m) | 4.15% | (m) | (m) |
| 2012-12-31 | (m) | $198.20M | $8.38M | (m) | (m) | (m) | 4.23% | (m) | (m) |
| 2012-09-30 | (m) | $192.95M | $8.05M | (m) | (m) | (m) | 4.17% | (m) | (m) |
| 2012-06-30 | (m) | $191.26M | $7.79M | (m) | (m) | (m) | 4.07% | (m) | (m) |
| 2012-03-31 | (m) | $188.22M | $6.53M | (m) | (m) | (m) | 3.47% | (m) | (m) |
| 2011-12-31 | (m) | $181.10M | $6.86M | (m) | (m) | (m) | 3.79% | (m) | (m) |
| 2011-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-12-31 | (m) | $146.23M | $8.97M | (m) | (m) | (m) | 6.13% | (m) | (m) |
| 2010-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | (m) | $114.44M | $8.41M | (m) | (m) | (m) | 7.35% | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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