$MKTX
MARKETAXESS HOLDINGS INC Stock $mktx

$mktx Overview Financials Valuation SEC Filings Company Website

2019 Q2 Form 10-Q Financial Statement

#000156459019026136 Filed on July 25, 2019

Income Statement

Concept	2019 Q2	2018 Q2
Revenue	$125.5M	$107.0M
YoY Change	17.32%	11.06%
Cost Of Revenue	$6.500M	$5.800M
YoY Change	12.07%	20.83%
Gross Profit	$119.0M	$101.2M
YoY Change	17.59%	10.6%
Gross Profit Margin	94.83%	94.61%
Selling, General & Admin	$49.20M	$41.30M
YoY Change	19.13%	14.09%
% of Gross Profit	41.34%	40.81%
Research & Development	$6.474M
YoY Change
% of Gross Profit	5.44%
Depreciation & Amortization	$6.300M	$5.800M
YoY Change	8.62%	20.83%
% of Gross Profit	5.29%	5.73%
Operating Expenses	$64.61M	$49.10M
YoY Change	31.59%	15.53%
Operating Profit	$60.88M	$52.03M
YoY Change	16.99%	6.22%
Interest Expense	$2.100M	$1.400M
YoY Change	50.0%	75.0%
% of Operating Profit	3.45%	2.69%
Other Income/Expense, Net	$2.032M	$1.176M
YoY Change	72.79%	100.0%
Pretax Income	$62.91M	$53.21M
YoY Change	18.23%	7.34%
Income Tax	$14.80M	$12.72M
% Of Pretax Income	23.53%	23.91%
Net Earnings	$48.11M	$40.49M
YoY Change	18.82%	6.48%
Net Earnings / Revenue	38.33%	37.85%
Basic Earnings Per Share	$1.30
Diluted Earnings Per Share	$1.27	$1.07
COMMON SHARES
Basic Shares Outstanding	37.05M	36.95M
Diluted Shares Outstanding	37.91M	37.86M

Balance Sheet

Concept	2019 Q2	2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$519.2M	$170.7M
YoY Change	204.16%	33.26%
Cash & Equivalents	$287.3M	$170.7M
Short-Term Investments	$231.9M
Other Short-Term Assets	$22.60M	$21.00M
YoY Change	7.62%	-0.47%
Inventory
Prepaid Expenses
Receivables	$66.30M	$61.90M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$375.1M	$253.6M
YoY Change	47.91%	24.07%
LONG-TERM ASSETS
Property, Plant & Equipment	$64.21M	$50.10M
YoY Change	28.16%	44.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$231.9M	$249.6M
YoY Change	-7.09%	5.14%
Other Assets	$1.600M	$1.500M
YoY Change	6.67%	-79.73%
Total Long-Term Assets	$436.9M	$364.0M
YoY Change	20.03%	6.25%
TOTAL ASSETS
Total Short-Term Assets	$375.1M	$253.6M
Total Long-Term Assets	$436.9M	$364.0M
Total Assets	$812.0M	$617.6M
YoY Change	31.48%	12.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$17.10M	$20.00M
YoY Change	-14.5%	33.33%
Accrued Expenses	$116.4M	$23.60M
YoY Change	393.22%	2.16%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$146.4M	$56.60M
YoY Change	158.66%	32.24%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$3.800M	$3.600M
YoY Change	5.56%	16.13%
Total Long-Term Liabilities	$3.800M	$3.600M
YoY Change	5.56%	16.13%
TOTAL LIABILITIES
Total Short-Term Liabilities	$146.4M	$56.60M
Total Long-Term Liabilities	$3.800M	$3.600M
Total Liabilities	$150.1M	$60.20M
YoY Change	149.34%	31.44%
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	$661.9M	$557.4M
YoY Change
Total Liabilities & Shareholders Equity	$812.0M	$617.6M
YoY Change	31.48%	12.91%

Cashflow Statement

Concept	2019 Q2	2018 Q2
OPERATING ACTIVITIES
Net Income	$48.11M	$40.49M
YoY Change	18.82%	6.48%
Depreciation, Depletion And Amortization	$6.300M	$5.800M
YoY Change	8.62%	20.83%
Cash From Operating Activities	$69.70M	$54.40M
YoY Change	28.12%	40.93%
INVESTING ACTIVITIES
Capital Expenditures	-$9.600M	-$16.70M
YoY Change	-42.51%	227.45%
Acquisitions
YoY Change
Other Investing Activities	-$11.70M	$100.0K
YoY Change	-11800.0%	-100.5%
Cash From Investing Activities	-$21.30M	-$16.70M
YoY Change	27.54%	-33.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-22.30M	-22.50M
YoY Change	-0.89%	-5.46%
NET CHANGE
Cash From Operating Activities	69.70M	54.40M
Cash From Investing Activities	-21.30M	-16.70M
Cash From Financing Activities	-22.30M	-22.50M
Net Change In Cash	26.10M	15.20M
YoY Change	71.71%	-244.76%
FREE CASH FLOW
Cash From Operating Activities	$69.70M	$54.40M
Capital Expenditures	-$9.600M	-$16.70M
Free Cash Flow	$79.30M	$71.10M
YoY Change	11.53%	62.7%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
	mktx	Settlement Period Of Bond Transaction SettlementPeriodOfBondTransaction	Within one to two trading days
	us-gaap	Lessee Operating Lease Existence Of Option To Extend LesseeOperatingLeaseExistenceOfOptionToExtend	true
	mktx	Settlement Period Of Bond Transaction SettlementPeriodOfBondTransaction	Within one to two trading days
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1
	mktx	Hedge Derivative Expiration Period HedgeDerivativeExpirationPeriod	P1M
CY2015Q4	us-gaap	Line Of Credit Facility Expiration Period LineOfCreditFacilityExpirationPeriod	P2Y
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	47940000
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	514768000
CY2018Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	268000
CY2018Q1	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-334000
CY2018Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3951000
CY2018Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	258000
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
CY2018Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	15798000
	us-gaap	Net Income Loss NetIncomeLoss	100627000
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	12427000
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	11059000
	mktx	Amortization Of Operating Lease Right Of Use Assets AmortizationOfOperatingLeaseRightOfUseAssets	2835000
	us-gaap	Share Based Compensation ShareBasedCompensation	11125000
	us-gaap	Share Based Compensation ShareBasedCompensation	7601000
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	1631000
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	1448000
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	296000
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-1014000
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	8883000
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	9350000
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	131000
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	2330000
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-8854000
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	3288000
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-12384000
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-12890000
	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	-3661000
	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	-1164000
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	1000000
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	935000
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-877000
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	5559000
	mktx	Increase Decrease In Operating Lease Liabilities IncreaseDecreaseInOperatingLeaseLiabilities	-1422000
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	109102000
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	85818000
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	130875000
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	152335000
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	128189000
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	159192000
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	6114000
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	16035000
	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	7310000
	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	6536000
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-2000
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-16000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-10736000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-29412000
	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	38323000
	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	31350000
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	522000
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	371000
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	12061000
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	7997000
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	8670000
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	12904000
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-58532000
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-51880000
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	21000
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-854000
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	39855000
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	3672000
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	167014000
CY2019Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	287313000
CY2018Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	170686000
	dei	Entity Incorporation Date Of Incorporation EntityIncorporationDateOfIncorporation	2000-04-11
	mktx	Cash Equivalents Maximum Period CashEquivalentsMaximumPeriod	P3M
	us-gaap	Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings	0
	us-gaap	Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings	0
CY2019Q2	us-gaap	Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings	0
CY2018Q2	us-gaap	Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings	0
	mktx	Number Of Revenue Streams NumberOfRevenueStreams	4
	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.
CY2018Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	2810000
	mktx	Contract With Customer Liability Payments Received ContractWithCustomerLiabilityPaymentsReceived	10798000
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	9795000
	mktx	Contract With Customer Liability Foreign Currency Translation ContractWithCustomerLiabilityForeignCurrencyTranslation	3000
CY2019Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	3810000
CY2019Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	7900000
CY2019Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P21M
	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>
CY2019Q2	srt	Alternative Excess Net Capital AlternativeExcessNetCapital	182100000
CY2019Q2	srt	Alternative Net Capital Requirement1 AlternativeNetCapitalRequirement1	14400000
CY2019Q2	mktx	Money Market Funds Fair Value Disclosure MoneyMarketFundsFairValueDisclosure	108362000
CY2019Q2	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	339279000
CY2018Q4	mktx	Money Market Funds Fair Value Disclosure MoneyMarketFundsFairValueDisclosure	112529000
CY2019Q2	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-978000
CY2018Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-1021000
CY2019Q2	us-gaap	Trading Securities Debt Amortized Cost TradingSecuritiesDebtAmortizedCost	85315000
CY2019Q2	mktx	Trading Securities Accumulated Gross Unrealized Gain Before Tax TradingSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	1268000
CY2019Q2	mktx	Trading Securities Accumulated Gross Unrealized Loss Before Tax TradingSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	49000
CY2019Q2	us-gaap	Trading Securities Debt TradingSecuritiesDebt	86534000
CY2019Q2	mktx	Marketable Securities Amortized Cost MarketableSecuritiesAmortizedCost	230062000
CY2019Q2	mktx	Marketable Securities Accumulated Gross Unrealized Gain Before Tax MarketableSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	1949000
CY2019Q2	mktx	Marketable Securities Accumulated Gross Unrealized Loss Before Tax MarketableSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	116000
CY2019Q2	us-gaap	Marketable Securities MarketableSecurities	231895000
CY2018Q4	us-gaap	Trading Securities Debt Amortized Cost TradingSecuritiesDebtAmortizedCost	93574000
CY2018Q4	mktx	Trading Securities Accumulated Gross Unrealized Gain Before Tax TradingSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	233000
CY2018Q4	mktx	Trading Securities Accumulated Gross Unrealized Loss Before Tax TradingSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	668000
CY2018Q4	us-gaap	Trading Securities Debt TradingSecuritiesDebt	93139000
CY2018Q4	mktx	Marketable Securities Amortized Cost MarketableSecuritiesAmortizedCost	241130000
CY2018Q4	mktx	Marketable Securities Accumulated Gross Unrealized Gain Before Tax MarketableSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	260000
CY2018Q4	mktx	Marketable Securities Accumulated Gross Unrealized Loss Before Tax MarketableSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	1285000
CY2018Q4	us-gaap	Marketable Securities MarketableSecurities	240105000
CY2019Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	861000
CY2019Q2	mktx	Marketable Securities Within One Year Fair Value MarketableSecuritiesWithinOneYearFairValue	127455000
CY2018Q4	mktx	Marketable Securities Within One Year Fair Value MarketableSecuritiesWithinOneYearFairValue	134255000
CY2019Q2	mktx	Marketable Securities After One Through Five Years Fair Value MarketableSecuritiesAfterOneThroughFiveYearsFairValue	104440000
CY2018Q4	mktx	Marketable Securities After One Through Five Years Fair Value MarketableSecuritiesAfterOneThroughFiveYearsFairValue	105850000
CY2019Q2	us-gaap	Marketable Securities MarketableSecurities	231895000
CY2018Q4	us-gaap	Marketable Securities MarketableSecurities	240105000
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	175700000
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	184800000
CY2019Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	12154000
CY2019Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	9383000
CY2019Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	2771000
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
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	200000
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	200000
CY2019Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	400000
CY2019Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	400000
CY2019Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	400000
CY2019Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	400000
CY2019Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	300000
CY2019Q2	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	9948000
CY2018Q2	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	8792000
	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	16472000
	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	16762000
CY2019Q2	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	1957000
CY2018Q2	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	2077000
	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	3350000
	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	3997000
CY2019Q2	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	3273000
CY2018Q2	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	2415000
	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	6044000
	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	3529000
CY2019Q2	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	15178000
CY2018Q2	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	13284000
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	25866000
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	24288000
CY2019Q2	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-176000
CY2018Q2	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-505000
	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	1426000
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	27502000
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	25796000
CY2019Q2	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	400000
CY2018Q2	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	100000
CY2018Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	36950000
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37046000
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	36952000
CY2018Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-561000
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	1636000
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	1508000
CY2019Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14804000
CY2018Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	12723000
CY2019Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-374000
	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	341000
CY2019Q2	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-31000
CY2018Q2	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-101000
	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	218000
	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	29000
CY2019Q2	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	-167000
CY2018Q2	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	45000
	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	-8000
	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	1138000
	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	3500000
	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	2000000.0
CY2019Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	5929000
CY2018Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3650000
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	11125000
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	7601000
CY2019Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	48700000
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y3M18D
CY2019Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37049000
CY2018Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	912000
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	825000
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	922000
CY2019Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	37910000
CY2018Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	37862000
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	37871000
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	37874000
CY2015Q4	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	100000000.0
CY2015Q4	mktx	Line Of Credit Facility Additional Borrowing Capacity LineOfCreditFacilityAdditionalBorrowingCapacity	50000000.0
CY2019Q2	us-gaap	Line Of Credit LineOfCredit	1700000
CY2019Q2	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	98300000
	mktx	Percentage Of Foreign Subsidiary Interest Pledged PercentageOfForeignSubsidiaryInterestPledged	0.65
	us-gaap	Lessee Operating Lease Option To Extend LesseeOperatingLeaseOptionToExtend	Certain leases contain options to extend the initial term at the Company’s discretion
CY2019Q2	us-gaap	Lease Cost LeaseCost	2687000
	us-gaap	Lease Cost LeaseCost	5556000
CY2019Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P14Y1M6D
CY2019Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.060
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	1454000
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	11145000
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	10109000
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	9064000
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	8734000
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	96200000
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	136706000
CY2019Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	46994000
CY2019Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	89712000
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
CY2019Q2	mktx	Number Of Lease Agreements NumberOfLeaseAgreements	2
CY2019Q2	us-gaap	Contractual Obligation ContractualObligation	5100000
	mktx	Number Of Subsidiaries NumberOfSubsidiaries	2
CY2019Q2	us-gaap	Deposits Assets DepositsAssets	1100000
CY2018Q2	us-gaap	Deposits Assets DepositsAssets	1200000
CY2019Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	125490000
CY2018Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	106964000
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	249981000
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	221678000
CY2019Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	64206000
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	63010000
	mktx	Non Qualified Deferred Cash Incentive Plan Maximum Eligibility Percentage Of Employees NonQualifiedDeferredCashIncentivePlanMaximumEligibilityPercentageOfEmployees	1
CY2019Q2	mktx	Mutual Fund Investments And Deferred Compensation Obligation At Fair Value MutualFundInvestmentsAndDeferredCompensationObligationAtFairValue	5800000
CY2018Q2	mktx	Mutual Fund Investments And Deferred Compensation Obligation At Fair Value MutualFundInvestmentsAndDeferredCompensationObligationAtFairValue	4400000
	mktx	Deferred Compensation Arrangement Trading Gains Losses And Changes In Liability And Expense DeferredCompensationArrangementTradingGainsLossesAndChangesInLiabilityAndExpense	700000

Files In Submission

Name	View Source	Status
0001564590-19-026136-index-headers.html	Edgar Link	pending
0001564590-19-026136-index.html	Edgar Link	pending
0001564590-19-026136.txt	Edgar Link	pending
0001564590-19-026136-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
mktx-10q_20190630.htm	Edgar Link	pending
mktx-10q_20190630_htm.xml	Edgar Link	completed
mktx-20190630.xsd	Edgar Link	pending
mktx-20190630_cal.xml	Edgar Link	unprocessable
mktx-20190630_def.xml	Edgar Link	unprocessable
mktx-20190630_lab.xml	Edgar Link	unprocessable
mktx-20190630_pre.xml	Edgar Link	unprocessable
mktx-ex311_9.htm	Edgar Link	pending
mktx-ex312_6.htm	Edgar Link	pending
mktx-ex321_8.htm	Edgar Link	pending
mktx-ex322_7.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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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

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$MKTX
MARKETAXESS HOLDINGS INC Stock $mktx

2019 Q2 Form 10-Q Financial Statement

#000156459019026136 Filed on July 25, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MKTX MARKETAXESS HOLDINGS INC Stock $mktx

2019 Q2 Form 10-Q Financial Statement

#000156459019026136 Filed on July 25, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MKTX
MARKETAXESS HOLDINGS INC Stock $mktx