$MKTX
MARKETAXESS HOLDINGS INC Stock $mktx

$mktx Overview Financials Valuation SEC Filings Company Website

2019 Q1 Form 10-Q Financial Statement

#000156459019013062 Filed on April 25, 2019

Income Statement

Concept	2019 Q1	2018 Q1
Revenue	$124.5M	$114.7M
YoY Change	8.52%	11.37%
Cost Of Revenue	$5.800M	$5.800M
YoY Change	0.0%	26.09%
Gross Profit	$118.7M	$108.9M
YoY Change	9.0%	10.67%
Gross Profit Margin	95.35%	94.93%
Selling, General & Admin	$46.90M	$41.80M
YoY Change	12.2%	12.37%
% of Gross Profit	39.51%	38.38%
Research & Development	$5.782M
YoY Change
% of Gross Profit	4.87%
Depreciation & Amortization	$6.100M	$5.300M
YoY Change	15.09%	12.77%
% of Gross Profit	5.14%	4.87%
Operating Expenses	$61.30M	$54.54M
YoY Change	12.4%	12.96%
Operating Profit	$63.19M	$60.17M
YoY Change	5.01%	9.09%
Interest Expense	$2.000M	$1.200M
YoY Change	66.67%	71.43%
% of Operating Profit	3.17%	1.99%
Other Income/Expense, Net	$2.031M	$840.0K
YoY Change	141.79%	87.08%
Pretax Income	$65.22M	$61.01M
YoY Change	6.9%	9.72%
Income Tax	$12.70M	$13.07M
% Of Pretax Income	19.47%	21.43%
Net Earnings	$52.52M	$47.94M
YoY Change	9.56%	12.9%
Net Earnings / Revenue	42.19%	41.79%
Basic Earnings Per Share	$1.42	$1.30
Diluted Earnings Per Share	$1.39	$1.27
COMMON SHARES
Basic Shares Outstanding	37.04M	36.95M
Diluted Shares Outstanding	37.83M	37.89M

Balance Sheet

Concept	2019 Q1	2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$261.0M	$401.6M
YoY Change	-35.01%	191.63%
Cash & Equivalents	$262.1M	$157.3M
Short-Term Investments		$244.3M
Other Short-Term Assets	$17.20M	$17.90M
YoY Change	-3.91%	29.71%
Inventory
Prepaid Expenses
Receivables	$70.90M	$67.50M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$349.1M	$241.6M
YoY Change	44.5%	16.1%
LONG-TERM ASSETS
Property, Plant & Equipment	$139.2M	$39.60M
YoY Change	251.52%	16.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$222.5M	$244.3M
YoY Change	-8.92%	11.76%
Other Assets	$1.400M	$800.0K
YoY Change	75.0%	-88.24%
Total Long-Term Assets	$425.7M	$347.7M
YoY Change	22.43%	7.78%
TOTAL ASSETS
Total Short-Term Assets	$349.1M	$241.6M
Total Long-Term Assets	$425.7M	$347.7M
Total Assets	$774.8M	$589.3M
YoY Change	31.48%	11.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$13.70M	$14.50M
YoY Change	-5.52%	-11.04%
Accrued Expenses	$107.5M	$15.60M
YoY Change	589.1%	12.23%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$140.1M	$48.50M
YoY Change	188.87%	7.3%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$3.500M	$3.600M
YoY Change	-2.78%	12.5%
Total Long-Term Liabilities	$3.500M	$3.600M
YoY Change	-2.78%	12.5%
TOTAL LIABILITIES
Total Short-Term Liabilities	$140.1M	$48.50M
Total Long-Term Liabilities	$3.500M	$3.600M
Total Liabilities	$143.7M	$52.10M
YoY Change	175.82%	7.64%
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	$631.1M	$537.2M
YoY Change
Total Liabilities & Shareholders Equity	$774.8M	$589.3M
YoY Change	31.48%	11.04%

Cashflow Statement

Concept	2019 Q1	2018 Q1
OPERATING ACTIVITIES
Net Income	$52.52M	$47.94M
YoY Change	9.56%	12.9%
Depreciation, Depletion And Amortization	$6.100M	$5.300M
YoY Change	15.09%	12.77%
Cash From Operating Activities	$39.37M	$31.44M
YoY Change	25.22%	3.08%
INVESTING ACTIVITIES
Capital Expenditures	$649.0K	$2.278M
YoY Change	-71.51%	-45.1%
Acquisitions
YoY Change
Other Investing Activities	$15.00K	$24.00K
YoY Change	-37.5%	380.0%
Cash From Investing Activities	$10.56M	-$12.73M
YoY Change	-182.98%	-56.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$5.184M	$6.268M
YoY Change	-17.29%	-48.65%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-36.23M	-29.45M
YoY Change	23.03%	-7.11%
NET CHANGE
Cash From Operating Activities	39.37M	31.44M
Cash From Investing Activities	10.56M	-12.73M
Cash From Financing Activities	-36.23M	-29.45M
Net Change In Cash	14.65M	-10.85M
YoY Change	-235.06%	-64.09%
FREE CASH FLOW
Cash From Operating Activities	$39.37M	$31.44M
Capital Expenditures	$649.0K	$2.278M
Free Cash Flow	$38.72M	$29.16M
YoY Change	32.78%	10.66%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2019Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	78190000
CY2019Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	3545000
CY2018Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	2810000
CY2019Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	90845000
CY2019Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	124491000
CY2018Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	114714000
CY2019Q1	mktx	Transaction Costs TransactionCosts	2577000
CY2018Q1	mktx	Transaction Costs TransactionCosts	1725000
CY2019Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3124000
CY2018Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2475000
CY2019Q1	us-gaap	Operating Expenses OperatingExpenses	61302000
CY2018Q1	us-gaap	Operating Expenses OperatingExpenses	54541000
CY2019Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	63189000
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	60173000
CY2019Q1	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	1989000
CY2018Q1	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	1168000
CY2019Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	42000
CY2018Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-328000
CY2019Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	2031000
CY2018Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	840000
CY2019Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	65220000
CY2018Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	61013000
CY2019Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	12698000
CY2018Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	13073000
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	52522000
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	47940000
CY2019Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.42
CY2018Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.30
CY2019Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.39
CY2018Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.27
CY2019Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.51
CY2018Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.42
CY2019Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37043000
CY2018Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	36954000
CY2019Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	37832000
CY2018Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	37886000
CY2019Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	1118000
CY2018Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	268000
CY2019Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	459000
CY2018Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-334000
CY2019Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	54099000
CY2018Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	47874000
CY2019Q1	us-gaap	Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax	-452000
CY2018Q1	us-gaap	Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax	-823000
CY2019Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	143000
CY2018Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	-107000
CY2019Q1	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	459000
CY2019Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	5196000
CY2019Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	172000
CY2019Q1	mktx	Adjustments Related To Tax Withholding Expense Benefit For Share Based Compensation AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation	11803000
CY2019Q1	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	5184000
CY2018Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3951000
CY2018Q1	mktx	Adjustments Related To Tax Withholding Expense Benefit For Share Based Compensation AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation	7621000
CY2018Q1	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	6268000
CY2019Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	19212000
CY2018Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	15798000
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	537164000
CY2019Q1	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	6082000
CY2018Q1	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	5269000
CY2019Q1	mktx	Amortization Of Operating Lease Right Of Use Assets AmortizationOfOperatingLeaseRightOfUseAssets	1291000
CY2019Q1	us-gaap	Share Based Compensation ShareBasedCompensation	5196000
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3951000
CY2019Q1	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	2022000
CY2018Q1	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	2061000
CY2019Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	587000
CY2018Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	186000
CY2019Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	13453000
CY2018Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	14955000
CY2019Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-5264000
CY2018Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-852000
CY2019Q1	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-6015000
CY2018Q1	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-3054000
CY2019Q1	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-22354000
CY2018Q1	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-20891000
CY2019Q1	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	2267000
CY2018Q1	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	4304000
CY2019Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	735000
CY2018Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	894000
CY2019Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-3764000
CY2018Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	307000
CY2019Q1	mktx	Increase Decrease In Operating Lease Liabilities IncreaseDecreaseInOperatingLeaseLiabilities	-321000
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	39369000
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	31439000
CY2019Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	67603000
CY2018Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	51002000
CY2019Q1	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	53193000
CY2018Q1	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	57839000
CY2019Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	649000
CY2018Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2278000
CY2019Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	3184000
CY2018Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	3590000
CY2019Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	15000
CY2018Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	24000
CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	10562000
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-12729000
CY2019Q1	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	19412000
CY2018Q1	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	15814000
CY2019Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	172000
CY2018Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	258000
CY2019Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	11803000
CY2018Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	7621000
CY2019Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	5184000
CY2018Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	6268000
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-36227000
CY2018Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-29445000
CY2019Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	943000
CY2018Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-110000
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	14647000
CY2018Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-10845000
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	247458000
CY2017Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	168150000
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	262105000
CY2018Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	157305000
CY2019Q1	us-gaap	Use Of Estimates UseOfEstimates	<p style="text-align:justify;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;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with GAAP 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>
CY2019Q1	dei	Entity Incorporation Date Of Incorporation EntityIncorporationDateOfIncorporation	2000-04-11
CY2019Q1	mktx	Cash Equivalents Maximum Period CashEquivalentsMaximumPeriod	P3M
CY2019Q1	us-gaap	Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings	0
CY2018Q1	us-gaap	Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings	0
CY2019Q1	mktx	Number Of Revenue Streams NumberOfRevenueStreams	4
CY2019Q1	mktx	Trading Securities Accumulated Gross Unrealized Gain Before Tax TradingSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	714000
CY2018Q4	mktx	Trading Securities Accumulated Gross Unrealized Gain Before Tax TradingSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	233000
CY2019Q1	mktx	Description Of Commission Revenue DescriptionOfCommissionRevenue	For trades that the Company executes between and among institutional investor and broker-dealer clients on a matched principal basis by serving as counterparty to both the buyer and the seller, the Company earns its commission through the difference in price between the two trades.
CY2019Q1	mktx	Settlement Period Of Bond Transaction SettlementPeriodOfBondTransaction	Within one to two trading days
CY2019Q1	mktx	Contract With Customer Liability Payments Received ContractWithCustomerLiabilityPaymentsReceived	5666000
CY2019Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	4951000
CY2019Q1	mktx	Contract With Customer Liability Foreign Currency Translation ContractWithCustomerLiabilityForeignCurrencyTranslation	-20000
CY2019Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	10400000
CY2019Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P21M
CY2019Q1	us-gaap	Alternative Excess Net Capital AlternativeExcessNetCapital	172500000
CY2019Q1	us-gaap	Alternative Net Capital Requirement1 AlternativeNetCapitalRequirement1	12700000
CY2019Q1	mktx	Money Market Funds Fair Value Disclosure MoneyMarketFundsFairValueDisclosure	155570000
CY2019Q1	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	379124000
CY2018Q4	mktx	Money Market Funds Fair Value Disclosure MoneyMarketFundsFairValueDisclosure	112529000
CY2019Q1	mktx	Hedge Derivative Expiration Period HedgeDerivativeExpirationPeriod	P1M
CY2019Q1	us-gaap	Trading Securities Debt Amortized Cost TradingSecuritiesDebtAmortizedCost	88856000
CY2018Q4	us-gaap	Trading Securities Debt Amortized Cost TradingSecuritiesDebtAmortizedCost	93574000
CY2019Q1	mktx	Trading Securities Accumulated Gross Unrealized Loss Before Tax TradingSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	163000
CY2018Q4	mktx	Trading Securities Accumulated Gross Unrealized Loss Before Tax TradingSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	668000
CY2019Q1	us-gaap	Trading Securities Debt TradingSecuritiesDebt	89407000
CY2018Q4	us-gaap	Trading Securities Debt TradingSecuritiesDebt	93139000
CY2019Q1	mktx	Marketable Securities Amortized Cost MarketableSecuritiesAmortizedCost	221895000
CY2018Q4	mktx	Marketable Securities Amortized Cost MarketableSecuritiesAmortizedCost	241130000
CY2019Q1	mktx	Marketable Securities Accumulated Gross Unrealized Gain Before Tax MarketableSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	952000
CY2018Q4	mktx	Marketable Securities Accumulated Gross Unrealized Gain Before Tax MarketableSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	260000
CY2019Q1	mktx	Marketable Securities Accumulated Gross Unrealized Loss Before Tax MarketableSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	389000
CY2018Q4	mktx	Marketable Securities Accumulated Gross Unrealized Loss Before Tax MarketableSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	1285000
CY2019Q1	mktx	Marketable Securities Within One Year Fair Value MarketableSecuritiesWithinOneYearFairValue	129435000
CY2018Q4	mktx	Marketable Securities Within One Year Fair Value MarketableSecuritiesWithinOneYearFairValue	134255000
CY2019Q1	mktx	Marketable Securities After One Through Five Years Fair Value MarketableSecuritiesAfterOneThroughFiveYearsFairValue	93023000
CY2018Q4	mktx	Marketable Securities After One Through Five Years Fair Value MarketableSecuritiesAfterOneThroughFiveYearsFairValue	105850000
CY2019Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	100100000
CY2018Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	67400000
CY2019Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	12159000
CY2019Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	9293000
CY2019Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	2866000
CY2018Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	12154000
CY2018Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	9192000
CY2018Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	2962000
CY2019Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	100000
CY2018Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	100000
CY2019Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	400000
CY2019Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	400000
CY2019Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	400000
CY2019Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	400000
CY2019Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	300000
CY2019Q1	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	6524000
CY2018Q1	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	7970000
CY2019Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	1393000
CY2018Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	1919000
CY2019Q1	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	2771000
CY2018Q1	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	1114000
CY2019Q1	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	10688000
CY2018Q1	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	11003000
CY2019Q1	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	1602000
CY2018Q1	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	846000
CY2019Q1	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	249000
CY2018Q1	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	130000
CY2019Q1	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	159000
CY2018Q1	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	1094000
CY2019Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	2010000
CY2018Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	2070000
CY2019Q1	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	3000000
CY2018Q1	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	1800000
CY2018Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3951000
CY2019Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	52200000
CY2019Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y6M
CY2019Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	789000
CY2018Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	932000
CY2015Q4	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	100000000
CY2019Q1	us-gaap	Line Of Credit LineOfCredit	1700000
CY2015Q4	mktx	Line Of Credit Facility Additional Borrowing Capacity LineOfCreditFacilityAdditionalBorrowingCapacity	50000000
CY2019Q1	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	98300000
CY2015Q4	us-gaap	Line Of Credit Facility Expiration Period LineOfCreditFacilityExpirationPeriod	P2Y
CY2019Q1	us-gaap	Lessee Operating Lease Option To Extend LesseeOperatingLeaseOptionToExtend	Certain leases contain options to extend the initial term at the Company’s discretion
CY2019Q1	us-gaap	Lessee Operating Lease Existence Of Option To Extend LesseeOperatingLeaseExistenceOfOptionToExtend	true
CY2019Q1	us-gaap	Lease Cost LeaseCost	2869000
CY2019Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P14Y2M12D
CY2019Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.060
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	3768000
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	11185000
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	10125000
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	9092000
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	8762000
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	96287000
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	139219000
CY2019Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	48374000
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	9764000
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	10919000
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	10114000
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	9067000
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	8738000
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	95467000
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	144069000
CY2019Q1	mktx	Number Of Lease Agreements NumberOfLeaseAgreements	2
CY2019Q1	us-gaap	Contractual Obligation ContractualObligation	5400000
CY2019Q1	mktx	Number Of Subsidiaries NumberOfSubsidiaries	2
CY2019Q1	us-gaap	Deposits Assets DepositsAssets	1200000
CY2018Q1	us-gaap	Deposits Assets DepositsAssets	1200000
CY2019Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1
CY2019Q1	mktx	Non Qualified Deferred Cash Incentive Plan Maximum Eligibility Percentage Of Employees NonQualifiedDeferredCashIncentivePlanMaximumEligibilityPercentageOfEmployees	1.00
CY2019Q1	mktx	Mutual Fund Investments And Deferred Compensation Obligation At Fair Value MutualFundInvestmentsAndDeferredCompensationObligationAtFairValue	5600000
CY2018Q1	mktx	Mutual Fund Investments And Deferred Compensation Obligation At Fair Value MutualFundInvestmentsAndDeferredCompensationObligationAtFairValue	4300000

Files In Submission

Name	View Source	Status
0001564590-19-013062-index-headers.html	Edgar Link	pending
0001564590-19-013062-index.html	Edgar Link	pending
0001564590-19-013062.txt	Edgar Link	pending
0001564590-19-013062-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
mktx-10q_20190331.htm	Edgar Link	pending
mktx-20190331.xml	Edgar Link	completed
mktx-20190331.xsd	Edgar Link	pending
mktx-20190331_cal.xml	Edgar Link	unprocessable
mktx-20190331_def.xml	Edgar Link	unprocessable
mktx-20190331_lab.xml	Edgar Link	unprocessable
mktx-20190331_pre.xml	Edgar Link	unprocessable
mktx-ex311_7.htm	Edgar Link	pending
mktx-ex312_6.htm	Edgar Link	pending
mktx-ex321_9.htm	Edgar Link	pending
mktx-ex322_8.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$MKTX
MARKETAXESS HOLDINGS INC Stock $mktx

2019 Q1 Form 10-Q Financial Statement

#000156459019013062 Filed on April 25, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MKTX MARKETAXESS HOLDINGS INC Stock $mktx

2019 Q1 Form 10-Q Financial Statement

#000156459019013062 Filed on April 25, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MKTX
MARKETAXESS HOLDINGS INC Stock $mktx