$MKTX
MARKETAXESS HOLDINGS INC

2013 Q4 Form 10-Q Financial Statement

#000119312513411626 Filed on October 25, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $60.40M $61.13M $46.40M
YoY Change 24.28% 31.75% -0.42%
Cost Of Revenue $9.300M $9.000M $6.200M
YoY Change 29.17% 45.16% 24.0%
Gross Profit $51.20M $52.10M $40.20M
YoY Change 23.97% 29.6% -3.37%
Gross Profit Margin 84.77% 85.22% 86.63%
Selling, General & Admin $22.40M $22.20M $17.00M
YoY Change 30.23% 30.59% -2.86%
% of Gross Profit 43.75% 42.61% 42.29%
Research & Development $4.509M $3.206M
YoY Change 40.64%
% of Gross Profit 8.65% 7.98%
Depreciation & Amortization $3.800M $3.600M $2.100M
YoY Change 65.22% 71.43% 16.67%
% of Gross Profit 7.42% 6.91% 5.22%
Operating Expenses $26.30M $4.509M $3.206M
YoY Change 36.98% 40.64% -83.39%
Operating Profit $24.90M $47.59M $36.99M
YoY Change 12.67% 28.65% 65.89%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $24.80M $26.39M $21.50M
YoY Change 11.71% 22.73% -3.59%
Income Tax $9.300M $8.129M $7.792M
% Of Pretax Income 37.5% 30.81% 36.24%
Net Earnings $23.10M $18.21M $13.48M
YoY Change 12.68% 35.09% 0.61%
Net Earnings / Revenue 38.25% 29.79% 29.05%
Basic Earnings Per Share $0.49 $0.37
Diluted Earnings Per Share $606.3K $0.48 $0.36
COMMON SHARES
Basic Shares Outstanding 37.63M shares 36.92M 36.50M shares
Diluted Shares Outstanding 37.97M 37.54M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $132.7M $119.0M $150.1M
YoY Change 2.95% -20.72% -4.76%
Cash & Equivalents $132.7M $119.0M $150.1M
Short-Term Investments
Other Short-Term Assets $10.60M $10.50M $8.600M
YoY Change 30.86% 22.09% -21.1%
Inventory
Prepaid Expenses
Receivables $34.20M $36.90M $33.40M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $177.5M $166.4M $192.1M
YoY Change 5.65% -13.38% -4.14%
LONG-TERM ASSETS
Property, Plant & Equipment $32.70M $27.62M $18.50M
YoY Change 81.59% 49.28% 31.21%
Goodwill $26.09M $26.23M
YoY Change
Intangibles
YoY Change
Long-Term Investments $67.70M $58.40M $54.20M
YoY Change 32.23% 7.75% -32.42%
Other Assets $7.300M $10.70M $6.700M
YoY Change -22.34% 59.7% -30.21%
Total Long-Term Assets $176.4M $166.3M $112.8M
YoY Change 57.73% 47.42% -18.73%
TOTAL ASSETS
Total Short-Term Assets $177.5M $166.4M $192.1M
Total Long-Term Assets $176.4M $166.3M $112.8M
Total Assets $353.9M $332.7M $304.9M
YoY Change 26.47% 9.11% -10.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.90M $20.40M $12.50M
YoY Change 4.88% 63.2% -1.57%
Accrued Expenses $24.00M $19.20M $15.40M
YoY Change 20.6% 24.68% -1.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $40.90M $39.60M $27.90M
YoY Change 27.02% 41.94% -1.76%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.700M $6.400M $5.100M
YoY Change -44.9% 25.49% 2.0%
Total Long-Term Liabilities $2.700M $6.400M $5.100M
YoY Change -44.9% 25.49% 2.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.90M $39.60M $27.90M
Total Long-Term Liabilities $2.700M $6.400M $5.100M
Total Liabilities $43.55M $46.07M $33.00M
YoY Change 17.3% 39.6% -1.2%
SHAREHOLDERS EQUITY
Retained Earnings $51.04M $32.79M
YoY Change -1004.36%
Common Stock $295.7M $289.9M
YoY Change 4.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $32.27M $32.27M
YoY Change 0.0%
Treasury Stock Shares $1.495M 1.495M shares
Shareholders Equity $310.4M $286.6M $271.9M
YoY Change
Total Liabilities & Shareholders Equity $353.9M $332.7M $304.9M
YoY Change 26.47% 9.11% -10.11%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $23.10M $18.21M $13.48M
YoY Change 12.68% 35.09% 0.61%
Depreciation, Depletion And Amortization $3.800M $3.600M $2.100M
YoY Change 65.22% 71.43% 16.67%
Cash From Operating Activities $23.60M $37.10M $27.40M
YoY Change -16.61% 35.4% 0.0%
INVESTING ACTIVITIES
Capital Expenditures -$8.500M -$4.100M -$5.200M
YoY Change 431.25% -21.15% 147.62%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$44.10M $4.000M
YoY Change -100.0% -1202.5% -671.43%
Cash From Investing Activities -$8.500M -$48.20M -$1.200M
YoY Change -808.33% 3916.67% -57.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.700M -4.000M -5.100M
YoY Change -96.64% -21.57% 112.5%
NET CHANGE
Cash From Operating Activities 23.60M 37.10M 27.40M
Cash From Investing Activities -8.500M -48.20M -1.200M
Cash From Financing Activities -1.700M -4.000M -5.100M
Net Change In Cash 13.40M -15.10M 21.10M
YoY Change -163.51% -171.56% -4.95%
FREE CASH FLOW
Cash From Operating Activities $23.60M $37.10M $27.40M
Capital Expenditures -$8.500M -$4.100M -$5.200M
Free Cash Flow $32.10M $41.20M $32.60M
YoY Change 7.36% 26.38% 10.51%

Facts In Submission

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CY2012Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
31785000
CY2012Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
31044000
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2000-04-11
dei Entity Central Index Key
EntityCentralIndexKey
0001278021
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2012Q4 mktx Available For Sale Securities Gross Unrealized Gain Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
859000
CY2013Q1 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
50000000
CY2012Q4 mktx Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Accumulated In Investments
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInInvestments
6000
CY2012Q4 mktx Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
6000
CY2013Q1 mktx Line Of Credit Facility Additional Borrowing Capacity
LineOfCreditFacilityAdditionalBorrowingCapacity
50000000
dei Trading Symbol
TradingSymbol
MKTX
dei Entity Registrant Name
EntityRegistrantName
MARKETAXESS HOLDINGS INC
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
More than 10%
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.40
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.39
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
67329000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
966000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
955342 shares
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.45
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
19.62
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.44
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M12D
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36854000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37820000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.43
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
51597 shares
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.49
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.0030 pure
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.41
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2%; FONT-SIZE: 10pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-TOP: 6pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> </div>
us-gaap Revenues
Revenues
178291000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1689000
us-gaap Disposal Group Including Discontinued Operation Revenue
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5967000
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
46683000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
52045000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
82481000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-4000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
17894000
us-gaap Payments To Acquire Available For Sale Securities
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49578000
us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
4500000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-210000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
37827000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1816000
us-gaap Technology Services Revenue
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4279000
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OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-497000
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
15028000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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54743000
us-gaap Fees And Commissions Other
FeesAndCommissionsOther
153202000
us-gaap Business Acquisitions Pro Forma Revenue
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182215000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5001000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-341000
us-gaap Increase Decrease In Accounts Receivable
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4770000
us-gaap Other Income
OtherIncome
2502000
us-gaap Net Income Loss
NetIncomeLoss
52883000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-341000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-838000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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6419000
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-329000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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-299000
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
53093000
us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
3069000
us-gaap Net Investment Income
NetInvestmentIncome
288000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9357000
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
5406000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-23000
us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
11700000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7089000
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
6296000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
26234000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-239000
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
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44745000
us-gaap Increase Decrease In Employee Related Liabilities
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-835000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6370000
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us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
9305000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
669000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
29200000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-1065000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
14445000
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
-8856000
us-gaap Share Based Compensation
ShareBasedCompensation
6419000
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
95810000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
295000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
10151000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-9243000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4717000
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
3000000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
5001000
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
30900000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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-14000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3885000
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-119000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-60574000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
474000
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1816000
us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
-215000
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
699000
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3501000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
3069000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1500000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
25323000
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
41600000
us-gaap Occupancy Net
OccupancyNet
3172000
us-gaap Professional Fees
ProfessionalFees
13278000
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
602000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6419000
us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
2120000
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-519000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
47638000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
10690000
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
20004000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29388000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-615000
mktx Line Of Credit Facility Basis Spread On Aggregate Interest Rate Option One
LineOfCreditFacilityBasisSpreadOnAggregateInterestRateOptionOne
0.0050 pure
mktx Information And Post Trade Services Revenue
InformationAndPostTradeServicesRevenue
18020000
mktx Conversion Of Common Stock Non Voting To Common Stock Voting Amount Converted
ConversionOfCommonStockNonVotingToCommonStockVotingAmountConverted
mktx Settlement Days Of Bond Transaction
SettlementDaysOfBondTransaction
Within one to three trading days
mktx Line Of Credit Facility Basis Spread On Variable Rate
LineOfCreditFacilityBasisSpreadOnVariableRate
0.0100 pure
mktx Line Of Credit Facility Description Of Variable Rate
LineOfCreditFacilityDescriptionOfVariableRate
The federal funds effective rate plus 0.50% and (c) one month adjusted LIBOR plus 1.00% plus (ii) 0.50% or (B) the sum of (i) adjusted LIBOR plus (ii) 1.50%
mktx Non Cash Out Of Period Adjustment
NonCashOutOfPeriodAdjustment
972000
us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
More than 10%
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37892000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
mktx Cash Equivalents Maximum Period
CashEquivalentsMaximumPeriod
P3M
mktx Expected Pay Out Target Of Common Stock
ExpectedPayOutTargetOfCommonStock
42908 shares
mktx Line Of Credit Facility Default Percentage
LineOfCreditFacilityDefaultPercentage
0.0200 pure
mktx Business Acquisitions Pro Forma Income Loss Before Tax
BusinessAcquisitionsProFormaIncomeLossBeforeTax
82536000
mktx Period Of Agreements For Revenue Recognition
PeriodOfAgreementsForRevenueRecognition
P2Y
mktx Percentage Of Foreign Subsidiary Interest Pledged
PercentageOfForeignSubsidiaryInterestPledged
0.65 pure
mktx Line Of Credit Facility Basis Spread On Federal Funds Effective Rate
LineOfCreditFacilityBasisSpreadOnFederalFundsEffectiveRate
0.0050 pure
mktx Accounts Receivable Contractual Maturities Maximum
AccountsReceivableContractualMaturitiesMaximum
less than one year
mktx Hedge Derivative Expiration Period
HedgeDerivativeExpirationPeriod
One-month period
mktx Post Contract Technical Support Term Period
PostContractTechnicalSupportTermPeriod
P1Y
mktx Deferred Provision Income Tax Expense Benefit
DeferredProvisionIncomeTaxExpenseBenefit
4065000
mktx Concentration Risk Number Of Customer
ConcentrationRiskNumberOfCustomer
0 Customer
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.07
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1371000 shares
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BusinessAcquisitionProFormaEarningsPerShareDiluted
1.03
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
53270000
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.12
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36521000 shares
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.03
mktx Percentage Of Trading Volumes By Single Client
PercentageOfTradingVolumesBySingleClient
0.126 pure
mktx Line Of Credit Facility Basis Spread On Aggregate Interest Rate Option Two
LineOfCreditFacilityBasisSpreadOnAggregateInterestRateOptionTwo
0.0150 pure
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.04
us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.08
us-gaap Revenues
Revenues
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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82000
us-gaap Disposal Group Including Discontinued Operation Revenue
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us-gaap Comprehensive Income Net Of Tax
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38669000
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-1253000
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us-gaap Technology Services Revenue
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3553000
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38995000
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129971000
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166196000
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20003000
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40857000
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821000
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9041000
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449000
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5896000
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1958000
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4786000
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1834000
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1500000
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13577000
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-174000
us-gaap Deferred Federal Income Tax Expense Benefit
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13799000
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53000
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
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0
us-gaap Proceeds From Stock Options Exercised
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5997000
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-363000
us-gaap Deferred State And Local Income Tax Expense Benefit
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2486000
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3996000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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13639000
us-gaap Amortization Of Intangible Assets
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37000
us-gaap Current Income Tax Expense Benefit
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11326000
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29000000
us-gaap Occupancy Net
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1813000
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8397000
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787000
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6184000
us-gaap Deferred Foreign Income Tax Expense Benefit
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1000
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41550000
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15463000
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8705000
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26322000
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5557000
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15880000
mktx Business Acquisitions Pro Forma Income Loss Before Tax
BusinessAcquisitionsProFormaIncomeLossBeforeTax
64285000
mktx Deferred Provision Income Tax Expense Benefit
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14996000
mktx Concentration Risk Number Of Customer
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mktx Non Cash Out Of Period Adjustment
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CY2012Q1 us-gaap Stock Repurchased And Retired During Period Shares
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CY2012Q1 us-gaap Stock Issued During Period Shares New Issues
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0.35
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0.38
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CY2012Q3 us-gaap Revenues
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13082000
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21500000
CY2013Q3 mktx Information And Post Trade Services Revenue
InformationAndPostTradeServicesRevenue
7125000
CY2013Q3 mktx Deferred Provision Income Tax Expense Benefit
DeferredProvisionIncomeTaxExpenseBenefit
-748000
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251000
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CY2012Q3 us-gaap Communications And Information Technology
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3206000
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CY2012Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-40000
CY2012Q3 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2012Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2012Q3 us-gaap Technology Services Revenue
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1124000
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CY2012Q3 us-gaap Other Income
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752000
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CY2012Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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-291000
CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0
CY2012Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
13708000
CY2012Q3 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
908000
CY2012Q3 us-gaap Allocated Share Based Compensation Expense
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2156000
CY2012Q3 us-gaap Labor And Related Expense
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CY2012Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6657000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7792000
CY2012Q3 mktx Information And Post Trade Services Revenue
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1896000
CY2012Q3 mktx Business Acquisitions Pro Forma Income Loss Before Tax
BusinessAcquisitionsProFormaIncomeLossBeforeTax
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CY2012Q3 mktx Deferred Provision Income Tax Expense Benefit
DeferredProvisionIncomeTaxExpenseBenefit
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CY2013Q3 us-gaap Earnings Per Share Diluted
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CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.49
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CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2013Q3 us-gaap Revenues
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61133000
CY2013Q3 us-gaap Disposal Group Including Discontinued Operation Revenue
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26388000
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2013Q3 us-gaap Technology Services Revenue
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1561000
CY2013Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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18000
CY2013Q3 us-gaap Fees And Commissions Other
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CY2013Q3 us-gaap Other Income
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517000
CY2013Q3 us-gaap Net Income Loss
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CY2013Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0
CY2013Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
18259000
CY2013Q3 us-gaap Net Investment Income
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112000
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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18000
CY2013Q3 us-gaap Communications And Information Technology
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4509000
CY2013Q3 us-gaap Disposal Group Including Discontinued Operation Operating Expense
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CY2013Q3 us-gaap General And Administrative Expense
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CY2013Q3 us-gaap Operating Costs And Expenses
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CY2013Q3 us-gaap Depreciation And Amortization
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CY2013Q3 us-gaap Current State And Local Tax Expense Benefit
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CY2013Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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CY2013Q3 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2013Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
CY2013Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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-242000
CY2013Q3 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2013Q3 us-gaap Marketing And Advertising Expense
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1195000
CY2013Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8877000
CY2013Q3 us-gaap Occupancy Net
OccupancyNet
1205000
CY2013Q3 us-gaap Professional Fees
ProfessionalFees
4540000
CY2013Q3 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
312000
CY2013Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2241000
CY2013Q3 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-289000
CY2013Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
17910000
CY2013Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6742000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8129000

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