$MKTX
MARKETAXESS HOLDINGS INC

2015 Form 10-K Financial Statement

#000156459016013407 Filed on February 25, 2016

View on sec.gov

Income Statement

Concept 2015 2014 2013
Revenue $303.1M $262.8M $238.7M
YoY Change 15.35% 10.07% 25.1%
Cost Of Revenue $29.00M $32.10M $34.30M
YoY Change -9.66% -6.41% 38.87%
Gross Profit $274.1M $230.7M $204.5M
YoY Change 18.81% 12.81% 23.04%
Gross Profit Margin 90.43% 87.79% 85.66%
Selling, General & Admin $107.7M $94.80M $83.10M
YoY Change 13.61% 14.08% 18.71%
% of Gross Profit 39.29% 41.09% 40.64%
Research & Development $15.92M $17.69M $16.04M
YoY Change -10.0% 10.28% 28.06%
% of Gross Profit 5.81% 7.67% 7.84%
Depreciation & Amortization $18.50M $17.40M $13.10M
YoY Change 6.32% 32.82% 59.76%
% of Gross Profit 6.75% 7.54% 6.41%
Operating Expenses $155.2M $144.2M $131.5M
YoY Change 7.6% 9.73% 949.69%
Operating Profit $118.9M $86.46M $73.05M
YoY Change 37.52% 18.36% -52.47%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $147.9M $118.5M $107.3M
YoY Change 24.77% 10.49% 20.04%
Income Tax $51.86M $43.73M $38.72M
% Of Pretax Income 35.07% 36.89% 36.09%
Net Earnings $96.04M $74.81M $76.02M
YoY Change 28.38% -1.59% 26.55%
Net Earnings / Revenue 31.69% 28.47% 31.84%
Basic Earnings Per Share $2.62 $2.03 $2.06
Diluted Earnings Per Share $2.55 $1.97 $2.01
COMMON SHARES
Basic Shares Outstanding 36.69M 36.93M 36.89M
Diluted Shares Outstanding 37.64M 37.89M 37.89M

Balance Sheet

Concept 2015 2014 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments $199.7M $168.9M $132.7M
YoY Change 18.24% 27.28% 2.95%
Cash & Equivalents $199.7M $168.9M $132.7M
Short-Term Investments
Other Short-Term Assets $9.900M $6.700M $10.60M
YoY Change 47.76% -36.79% 30.86%
Inventory
Prepaid Expenses
Receivables $40.50M $33.80M $34.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $250.1M $209.4M $177.5M
YoY Change 19.44% 17.97% 5.65%
LONG-TERM ASSETS
Property, Plant & Equipment $30.90M $32.20M $32.70M
YoY Change -4.04% -1.53% 81.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $84.70M $64.90M $67.70M
YoY Change 30.51% -4.14% 32.23%
Other Assets $9.200M $7.000M $7.300M
YoY Change 31.43% -4.11% -22.34%
Total Long-Term Assets $188.9M $170.5M $176.4M
YoY Change 10.79% -3.34% 57.78%
TOTAL ASSETS
Total Short-Term Assets $250.1M $209.4M $177.5M
Total Long-Term Assets $188.9M $170.5M $176.4M
Total Assets $439.0M $379.9M $353.9M
YoY Change 15.56% 7.35% 26.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.30M $12.00M $12.90M
YoY Change 2.5% -6.98% 4.88%
Accrued Expenses $29.30M $25.30M $24.00M
YoY Change 15.81% 5.42% 20.6%
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 $46.10M $43.20M $40.90M
YoY Change 6.71% 5.62% 27.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.300M $2.500M $2.700M
YoY Change -8.0% -7.41% -44.9%
Total Long-Term Liabilities $2.300M $2.500M $2.700M
YoY Change -8.0% -7.41% -44.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.10M $43.20M $40.90M
Total Long-Term Liabilities $2.300M $2.500M $2.700M
Total Liabilities $48.30M $45.70M $43.50M
YoY Change 5.69% 5.06% 17.25%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $390.7M $334.2M $310.4M
YoY Change
Total Liabilities & Shareholders Equity $439.0M $379.9M $353.9M
YoY Change 15.56% 7.35% 26.48%

Cashflow Statement

Concept 2015 2014 2013
OPERATING ACTIVITIES
Net Income $96.04M $74.81M $76.02M
YoY Change 28.38% -1.59% 26.55%
Depreciation, Depletion And Amortization $18.50M $17.40M $13.10M
YoY Change 6.32% 32.82% 59.76%
Cash From Operating Activities $120.2M $110.0M $90.88M
YoY Change 9.32% 20.99% 11.4%
INVESTING ACTIVITIES
Capital Expenditures $4.795M $4.627M $15.34M
YoY Change 3.63% -69.83% 197.63%
Acquisitions $37.83M
YoY Change
Other Investing Activities $642.0K -$611.0K $18.00K
YoY Change -205.07% -3494.44% -58.14%
Cash From Investing Activities -$37.95M -$13.03M -$69.12M
YoY Change 191.39% -81.16% -559.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $23.16M $37.97M
YoY Change -39.02%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -51.05M -60.22M -17.07M
YoY Change -15.23% 252.72% -87.46%
NET CHANGE
Cash From Operating Activities 120.2M 110.0M 90.88M
Cash From Investing Activities -37.95M -13.03M -69.12M
Cash From Financing Activities -51.05M -60.22M -17.07M
Net Change In Cash 31.19M 36.70M 4.684M
YoY Change -15.03% 683.6% -111.84%
FREE CASH FLOW
Cash From Operating Activities $120.2M $110.0M $90.88M
Capital Expenditures $4.795M $4.627M $15.34M
Free Cash Flow $115.4M $105.3M $75.54M
YoY Change 9.57% 39.43% -1.16%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.62
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2013 us-gaap Dividends Common Stock Cash
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CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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CY2013 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
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44791000
CY2013 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
6964000
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:2.26%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) 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>
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3583000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
5507000
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
299000
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
530000
CY2015 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2000-04-11
CY2015 mktx Cash Equivalents Maximum Period
CashEquivalentsMaximumPeriod
P3M
CY2015 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0
CY2013 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0
CY2015 mktx Accounts Receivable Contractual Maturities Maximum
AccountsReceivableContractualMaturitiesMaximum
less than one year
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
100000
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
100000
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000
CY2015 mktx Allowance For Doubtful Accounts Receivable Write Off
AllowanceForDoubtfulAccountsReceivableWriteOff
100000
CY2014 mktx Allowance For Doubtful Accounts Receivable Write Off
AllowanceForDoubtfulAccountsReceivableWriteOff
0
CY2013 mktx Allowance For Doubtful Accounts Receivable Write Off
AllowanceForDoubtfulAccountsReceivableWriteOff
100000
CY2015 mktx Post Contract Technical Support Term Period
PostContractTechnicalSupportTermPeriod
P1Y
CY2015 mktx Period Of Agreements For Revenue Recognition
PeriodOfAgreementsForRevenueRecognition
P2Y
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
28801000
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
126400000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
112500000
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35200000
CY2014 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
17600000
CY2013 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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43400000
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22626000
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270000
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31000
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70651000
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
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22626000
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270000
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
31000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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105200000
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0.350
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
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AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
70651000
CY2014Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
31000
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AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
37694000
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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36062000
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47012000
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DeferredStateAndLocalIncomeTaxExpenseBenefit
812000
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DeferredForeignIncomeTaxExpenseBenefit
189000
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DeferredForeignIncomeTaxExpenseBenefit
-44000
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-645000
CY2015 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
1980000
CY2014 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
4069000
CY2013 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
5674000
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116000000
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9400000
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61913000
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AssetsFairValueDisclosure
146973000
CY2014Q4 mktx Money Market Funds Fair Value Disclosure
MoneyMarketFundsFairValueDisclosure
62126000
CY2014Q4 us-gaap Assets Fair Value Disclosure
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127092000
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One-month period
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84972000
CY2014Q4 us-gaap Available For Sale Securities Amortized Cost
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64839000
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4000
CY2014Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
55000
CY2015Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
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270000
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13255000
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BusinessAcquisitionsProFormaRevenue
242657000
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BusinessAcquisitionsProFormaIncomeLossBeforeTax
107316000
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68579000
CY2013 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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1.86
CY2013 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.81
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12188000
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FiniteLivedIntangibleAssetsNet
4431000
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12202000
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FiniteLivedIntangibleAssetsAccumulatedAmortization
5494000
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FiniteLivedIntangibleAssetsNet
6707000
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AmortizationOfIntangibleAssets
2300000
CY2014 us-gaap Amortization Of Intangible Assets
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2300000
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2200000
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
700000
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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400000
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
400000
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
400000
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
400000
CY2015Q4 us-gaap Property Plant And Equipment Gross
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100878000
CY2014Q4 us-gaap Property Plant And Equipment Gross
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88674000
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69981000
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
56489000
CY2015 us-gaap Capitalized Computer Software Additions
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10600000
CY2014 us-gaap Capitalized Computer Software Additions
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10200000
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
38357000
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CurrentForeignTaxExpenseBenefit
1456000
CY2013 us-gaap Current Foreign Tax Expense Benefit
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1014000
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CurrentIncomeTaxExpenseBenefit
49883000
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
39661000
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
33043000
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
31700000
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
26071000
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7180000
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6505000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5958000
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
4346000
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DeferredTaxAssetsCapitalLossCarryforwards
7428000
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9115000
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
7266000
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
3745000
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
3482000
CY2015Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
22734000
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
21278000
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7294000
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7428000
CY2015Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
15440000
CY2014Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
13850000
CY2015Q4 mktx Deferred Tax Liabilities Depreciation And Amortization
DeferredTaxLiabilitiesDepreciationAndAmortization
1953000
CY2014Q4 mktx Deferred Tax Liabilities Depreciation And Amortization
DeferredTaxLiabilitiesDepreciationAndAmortization
2461000
CY2015Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Software
DeferredTaxLiabilitiesDeferredExpenseCapitalizedSoftware
4344000
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.034
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.042
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.041
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.013
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.017
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.030
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-0.020
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.006
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.003
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0.003
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0.351
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EffectiveIncomeTaxRateContinuingOperations
0.369
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.361
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7294000
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4495000
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1310000
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1854000
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7833000
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5040000
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56900000
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50% or greater change
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0.50
CY2015 mktx Additional Annual Limitations Period
AdditionalAnnualLimitationsPeriod
P3Y
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CapitalLossCarryforwardAmount
20600000
CY2015 mktx Capital Loss Carryback During Current Period
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1200000
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71000
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-63000
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7743000
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101000
CY2014 mktx Change In Valuation Allowance For State Net Operating Loss
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155000
CY2014 mktx Change In Valuation Allowance For Capital Gain Loss
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-59000
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
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727000
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65000
CY2013 mktx Change In Valuation Allowance For State Net Operating Loss
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406000
CY2013 mktx Change In Valuation Allowance For Capital Gain Loss
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7487000
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265000
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0
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0
CY2015Q4 us-gaap Unrecognized Tax Benefits
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265000
CY2013Q4 us-gaap Unrecognized Tax Benefits
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265000
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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0
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27000000
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3300000
CY2015 us-gaap Common Stock Voting Rights
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One
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0
CY2012Q4 us-gaap Unrecognized Tax Benefits
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49000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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235000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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19000
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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947000
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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959000
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35000000
CY2014Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
65000000
CY2015 us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2016-02-29
CY2015 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2016-02-25
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DividendsPayableDateOfRecordDayMonthAndYear
2016-02-11
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2
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ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
612857
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
36.46
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
19.25
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
19.61
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P7Y
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y
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P9Y10M24D
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0.019
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
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0.017
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.019
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0.567
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0.355
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.443
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0.011
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.010
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.012
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1429822
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51597
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4348
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256622
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1220449
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382
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41071
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165340
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1014420
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120650
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
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196034
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
939036
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
790471
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.62
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
41.75
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
33.84
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
12.33
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.01
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
63.07
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
41.47
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
15.85
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.81
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
88.15
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.60
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
23.83
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
14.07
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y10M24D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y7M6D
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
15312000
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
82412000
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
77084000
CY2015Q4 mktx Closing Price Of Common Stock
ClosingPriceOfCommonStock
111.59
CY2015 mktx Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Shares Payout Range Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceSharesPayoutRangeMinimum
0.00
CY2015 mktx Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Shares Payout Range Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceSharesPayoutRangeMaximum
1.50
CY2015 mktx Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Shares Payout Achievement
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceSharesPayoutAchievement
1.30
CY2014 mktx Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Shares Payout Achievement
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceSharesPayoutAchievement
0.850
CY2013 mktx Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Shares Payout Achievement
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceSharesPayoutAchievement
1.080
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1002000
CY2013Q1 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
50000000
CY2015Q4 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
100000000
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
1100000
CY2013Q1 mktx Line Of Credit Facility Additional Borrowing Capacity
LineOfCreditFacilityAdditionalBorrowingCapacity
50000000
CY2015Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
98900000
CY2013Q1 us-gaap Line Of Credit Facility Expiration Period
LineOfCreditFacilityExpirationPeriod
P3Y
CY2015 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
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%
CY2015 mktx Line Of Credit Facility Basis Spread On Federal Funds Effective Rate
LineOfCreditFacilityBasisSpreadOnFederalFundsEffectiveRate
0.0050
CY2015 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0100
CY2015 mktx Line Of Credit Facility Basis Spread On Aggregate Interest Rate Option One
LineOfCreditFacilityBasisSpreadOnAggregateInterestRateOptionOne
0.0050
CY2015 mktx Line Of Credit Facility Basis Spread On Aggregate Interest Rate Option Two
LineOfCreditFacilityBasisSpreadOnAggregateInterestRateOptionTwo
0.0150
CY2015 mktx Line Of Credit Facility Default Percentage
LineOfCreditFacilityDefaultPercentage
0.0200
CY2015 us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.0040
CY2015 mktx Percentage Of Foreign Subsidiary Interest Pledged
PercentageOfForeignSubsidiaryInterestPledged
0.65
CY2015Q4 us-gaap Contractual Obligation
ContractualObligation
1400000
CY2013Q4 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
7600000
CY2013Q4 mktx Discontinued Operations Percentage Of Shares Sold
DiscontinuedOperationsPercentageOfSharesSold
1.00
CY2013Q4 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
11000000
CY2013 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
6137000
CY2013 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
6384000
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1900000
CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1800000
CY2013 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1700000
CY2015 mktx Non Qualified Deferred Cash Incentive Plan Maximum Eligibility Percentage Of Employees
NonQualifiedDeferredCashIncentivePlanMaximumEligibilityPercentageOfEmployees
1.00
CY2015 mktx Concentration Risk Number Of Customer
ConcentrationRiskNumberOfCustomer
0
CY2014 mktx Concentration Risk Number Of Customer
ConcentrationRiskNumberOfCustomer
0
CY2015 mktx Percentage Of Outstanding Shares Owned By Single Client
PercentageOfOutstandingSharesOwnedBySingleClient
0.089

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