$MKTX
MARKETAXESS HOLDINGS INC

2019 Q4 Form 10-Q Financial Statement

#000156459019037845 Filed on October 25, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q4
Revenue $129.8M $131.6M $112.4M
YoY Change 15.48% 29.73% 14.0%
Cost Of Revenue $7.200M $7.400M $6.400M
YoY Change 12.5% 25.42% 14.29%
Gross Profit $122.6M $124.2M $106.0M
YoY Change 15.66% 29.92% 13.98%
Gross Profit Margin 94.45% 94.38% 94.31%
Selling, General & Admin $50.70M $48.80M $44.00M
YoY Change 15.23% 18.45% 17.65%
% of Gross Profit 41.35% 39.29% 41.51%
Research & Development $7.381M
YoY Change 25.55%
% of Gross Profit 5.94%
Depreciation & Amortization $7.800M $6.700M $5.900M
YoY Change 32.2% 9.84% 13.46%
% of Gross Profit 6.36% 5.39% 5.57%
Operating Expenses $61.70M $65.63M $52.10M
YoY Change 18.43% 19.26% 18.14%
Operating Profit $60.90M $65.97M $53.90M
YoY Change 12.99% 42.13% 10.22%
Interest Expense $1.800M $2.200M $1.900M
YoY Change -5.26% 37.5% 72.73%
% of Operating Profit 2.96% 3.34% 3.53%
Other Income/Expense, Net -$700.0K $1.373M $200.0K
YoY Change -450.0% -0.87% -140.0%
Pretax Income $62.00M $67.34M $56.10M
YoY Change 10.52% 40.88% 13.56%
Income Tax $11.70M $13.34M $10.60M
% Of Pretax Income 18.87% 19.8% 18.89%
Net Earnings $50.30M $54.00M $45.80M
YoY Change 9.83% 39.92% 36.72%
Net Earnings / Revenue 38.75% 41.04% 40.75%
Basic Earnings Per Share $1.46
Diluted Earnings Per Share $1.320M $1.42 $1.212M
COMMON SHARES
Basic Shares Outstanding 37.78M 37.07M
Diluted Shares Outstanding 38.00M

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $500.6M $556.2M $486.4M
YoY Change 2.91% 24.33% 19.65%
Cash & Equivalents $270.1M $320.5M $246.3M
Short-Term Investments $230.5M $235.6M $240.1M
Other Short-Term Assets $30.80M $18.60M $22.50M
YoY Change 36.89% 0.0% 20.32%
Inventory
Prepaid Expenses
Receivables $62.00M $72.80M $57.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $362.9M $411.9M $326.3M
YoY Change 11.22% 41.69% 36.93%
LONG-TERM ASSETS
Property, Plant & Equipment $71.80M $66.53M $63.01M
YoY Change 13.94% 22.52% 63.46%
Goodwill $146.9M $59.71M
YoY Change 145.94%
Intangibles $60.99M $2.962M
YoY Change 1958.95%
Long-Term Investments $230.5M $235.6M $240.1M
YoY Change -4.0% -0.21% 0.25%
Other Assets $500.0K $3.200M $3.400M
YoY Change -85.29% 39.13% 100.0%
Total Long-Term Assets $592.0M $443.1M $369.2M
YoY Change 60.34% 24.68% 7.67%
TOTAL ASSETS
Total Short-Term Assets $362.9M $411.9M $326.3M
Total Long-Term Assets $592.0M $443.1M $369.2M
Total Assets $954.9M $855.0M $695.5M
YoY Change 37.29% 32.34% 19.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.30M $16.30M $29.40M
YoY Change -34.35% -15.54% 107.04%
Accrued Expenses $145.4M $127.1M $39.10M
YoY Change 271.87% 303.49% 7.12%
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 $181.4M $156.7M $84.90M
YoY Change 113.66% 146.0% 33.07%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.500M $3.700M $2.800M
YoY Change 25.0% -2.63% 3.7%
Total Long-Term Liabilities $3.500M $3.700M $2.800M
YoY Change 25.0% -2.63% 3.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $181.4M $156.7M $84.90M
Total Long-Term Liabilities $3.500M $3.700M $2.800M
Total Liabilities $184.8M $160.4M $87.66M
YoY Change 110.86% 137.63% 31.89%
SHAREHOLDERS EQUITY
Retained Earnings $591.1M $560.2M $463.3M
YoY Change 27.59% 31.02%
Common Stock $342.7M $343.7M $342.0M
YoY Change 0.2% 3.29%
Preferred Stock
YoY Change
Treasury Stock (at cost) $153.4M $196.4M $185.0M
YoY Change -17.07% 15.75%
Treasury Stock Shares $2.811M $2.941M $2.900M
Shareholders Equity $770.1M $694.6M $607.9M
YoY Change
Total Liabilities & Shareholders Equity $954.9M $855.0M $695.5M
YoY Change 37.29% 32.34% 19.67%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q4
OPERATING ACTIVITIES
Net Income $50.30M $54.00M $45.80M
YoY Change 9.83% 39.92% 36.72%
Depreciation, Depletion And Amortization $7.800M $6.700M $5.900M
YoY Change 32.2% 9.84% 13.46%
Cash From Operating Activities $89.10M $67.70M $70.10M
YoY Change 27.1% -0.44% 51.08%
INVESTING ACTIVITIES
Capital Expenditures -$12.20M -$9.100M -$14.60M
YoY Change -16.44% -12.5% 75.9%
Acquisitions
YoY Change
Other Investing Activities -$94.70M $4.600M $1.300M
YoY Change -7384.62% 64.29% -94.22%
Cash From Investing Activities -$106.8M -$4.600M -$13.30M
YoY Change 703.01% -39.47% -193.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -32.00M -27.60M -20.30M
YoY Change 57.64% 34.63% -38.11%
NET CHANGE
Cash From Operating Activities 89.10M 67.70M 70.10M
Cash From Investing Activities -106.8M -4.600M -13.30M
Cash From Financing Activities -32.00M -27.60M -20.30M
Net Change In Cash -49.70M 35.50M 36.50M
YoY Change -236.16% -11.03% 31.29%
FREE CASH FLOW
Cash From Operating Activities $89.10M $67.70M $70.10M
Capital Expenditures -$12.20M -$9.100M -$14.60M
Free Cash Flow $101.3M $76.80M $84.70M
YoY Change 19.6% -2.04% 54.84%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Address City Or Town
EntityAddressCityOrTown
New York
dei Entity Address State Or Province
EntityAddressStateOrProvince
NY
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
10001
dei City Area Code
CityAreaCode
212
dei Local Phone Number
LocalPhoneNumber
813-6000
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
320527000
CY2019Q3 us-gaap Marketable Securities
MarketableSecurities
235625000
dei Entity File Number
EntityFileNumber
001-34091
CY2018Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
57535000
dei Entity Address Address Line1
EntityAddressAddressLine1
55 Hudson Yards, 15th Floor
CY2018Q4 us-gaap Marketable Securities
MarketableSecurities
240105000
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
52-2230784
dei Security12b Title
Security12bTitle
Common Stock, $0.003 par value
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2019Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
37777078
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
246322000
dei Entity Shell Company
EntityShellCompany
false
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
131597000
CY2018Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6173000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
19127000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
17232000
CY2019Q3 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
7381000
us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
19637000
CY2019Q3 us-gaap Professional Fees
ProfessionalFees
7018000
CY2018Q3 us-gaap Professional Fees
ProfessionalFees
5685000
CY2019Q3 us-gaap Occupancy Net
OccupancyNet
2802000
CY2018Q3 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
5879000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
323121000
CY2019Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1416000
us-gaap Net Income Loss
NetIncomeLoss
154629000
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
CY2019Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
146000
CY2019Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
35082000
CY2018Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
16432000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
694623000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
607878000
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
855026000
CY2019Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
32681000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
97962000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
81315000
CY2019Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6700000
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.04
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37995000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37859000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
661908000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
101443000
CY2018Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
26282000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
80000
CY2019Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
72812000
CY2019Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
62387000
CY2018Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
62675000
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
66531000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
63010000
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
75390000
CY2019Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
18591000
CY2018Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
22468000
CY2019Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
3163000
CY2018Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
3424000
CY2019Q3 us-gaap Assets
Assets
855026000
CY2018Q4 us-gaap Assets
Assets
695539000
CY2018Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
39053000
CY2019Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
13274000
CY2019Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3731000
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2810000
CY2019Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
16285000
CY2018Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
29366000
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
92031000
CY2019Q3 us-gaap Liabilities
Liabilities
160403000
CY2018Q4 us-gaap Liabilities
Liabilities
87661000
CY2019Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2019Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
4855000
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
4855000
CY2019Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.003
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.003
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
110000000
CY2019Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
110000000
CY2019Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
40721937
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
40540349
CY2019Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
37780778
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
37639917
CY2019Q3 us-gaap Common Stock Value
CommonStockValue
122000
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
122000
CY2019Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
343543000
CY2018Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
341860000
CY2019Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
2941159
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2900432
CY2019Q3 us-gaap Treasury Stock Value
TreasuryStockValue
196402000
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
184962000
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
560164000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
463252000
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-12804000
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-12394000
us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
17451000
us-gaap Professional Fees
ProfessionalFees
19145000
us-gaap Professional Fees
ProfessionalFees
16168000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
695539000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
381578000
CY2018Q3 us-gaap Occupancy Net
OccupancyNet
3528000
us-gaap Occupancy Net
OccupancyNet
8549000
us-gaap Occupancy Net
OccupancyNet
10332000
CY2019Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2506000
CY2018Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2980000
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
8472000
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
8580000
CY2019Q3 mktx Transaction Costs
TransactionCosts
2782000
CY2018Q3 mktx Transaction Costs
TransactionCosts
1760000
mktx Transaction Costs
TransactionCosts
7969000
mktx Transaction Costs
TransactionCosts
5497000
CY2019Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3762000
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2744000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10686000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7927000
CY2019Q3 us-gaap Operating Expenses
OperatingExpenses
65632000
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
55031000
us-gaap Operating Expenses
OperatingExpenses
191547000
us-gaap Operating Expenses
OperatingExpenses
164502000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
65965000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
46412000
us-gaap Operating Income Loss
OperatingIncomeLoss
190031000
us-gaap Operating Income Loss
OperatingIncomeLoss
158619000
CY2019Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
2211000
CY2018Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
1635000
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
6296000
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
4186000
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-838000
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-250000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-860000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-785000
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1373000
CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1385000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5436000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3401000
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
67338000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
47797000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
195467000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
162020000
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13336000
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9203000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40838000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
34999000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
54002000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
38594000
us-gaap Net Income Loss
NetIncomeLoss
154629000
CY2019Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
3486000
CY2019Q2 mktx Adjustments Related To Tax Withholding Expense Benefit For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation
258000
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
19237000
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.46
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.44
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.42
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.36
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.51
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.53
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.26
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37066000
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36951000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37053000
CY2019Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
5184000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36952000
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
19212000
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37828000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
631146000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37913000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
48105000
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1100000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
54002000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
38594000
us-gaap Net Income Loss
NetIncomeLoss
127021000
CY2019Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
1012000
CY2018Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
240000
us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
1281000
us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
746000
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-582000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1398000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1602000
CY2019Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
22000
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
23000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
309000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-66000
CY2019Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
70000
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
72000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
988000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-205000
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
52656000
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
38084000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
154219000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
125214000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
607878000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
52522000
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1118000
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 mktx Adjustments Related To Tax Withholding Expense Benefit For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation
11803000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
514768000
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
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
537164000
us-gaap Net Income Loss
NetIncomeLoss
127021000
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
172000
CY2019Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
459000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5929000
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
350000
CY2019Q3 us-gaap Marketable Securities
MarketableSecurities
235625000
CY2018Q4 us-gaap Marketable Securities
MarketableSecurities
240105000
CY2018Q4 mktx Marketable Securities Within One Year Fair Value
MarketableSecuritiesWithinOneYearFairValue
134255000
CY2019Q3 mktx Marketable Securities After One Through Five Years Fair Value
MarketableSecuritiesAfterOneThroughFiveYearsFairValue
119260000
CY2018Q4 mktx Marketable Securities After One Through Five Years Fair Value
MarketableSecuritiesAfterOneThroughFiveYearsFairValue
105850000
CY2019Q3 us-gaap Marketable Securities
MarketableSecurities
235625000
CY2018Q4 us-gaap Marketable Securities
MarketableSecurities
240105000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
238500000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
308300000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
54002000
CY2018Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
57000
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3650000
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
113000
CY2018Q2 mktx Adjustments Related To Tax Withholding Expense Benefit For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation
376000
CY2018Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
6636000
CY2018Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
15793000
CY2019Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1416000
CY2019Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
70000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7944000
CY2019Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
363000
CY2019Q3 mktx Adjustments Related To Tax Withholding Expense Benefit For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation
6210000
CY2019Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
2770000
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
19268000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
694623000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
47940000
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
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
40487000
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1288000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
557378000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
38594000
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-582000
CY2018Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
72000
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3950000
CY2018Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1016000
CY2018Q3 mktx Adjustments Related To Tax Withholding Expense Benefit For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation
-57000
CY2018Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
6081000
CY2018Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
15786000
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
578618000
us-gaap Net Income Loss
NetIncomeLoss
154629000
us-gaap Net Income Loss
NetIncomeLoss
127021000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
19127000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
17232000
mktx Amortization Of Operating Lease Right Of Use Assets
AmortizationOfOperatingLeaseRightOfUseAssets
4304000
us-gaap Share Based Compensation
ShareBasedCompensation
19069000
us-gaap Share Based Compensation
ShareBasedCompensation
11551000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
73000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
162000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-886000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2005000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15479000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9560000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3855000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-97000
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
371000
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-6671000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-3971000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-5034000
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-3279000
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-755000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
921000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1125000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2000000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4614000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36984000
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
57233000
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
46893000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
885000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1387000
mktx Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
800000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
176794000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
153812000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
156809000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
256301000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
149575000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
260318000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8683000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23821000
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
13863000
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
9171000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-22000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-25000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15290000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
18271000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7940000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
11440000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
18985000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-86059000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-72431000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-1261000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-1326000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
74184000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
43071000
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
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
321642000
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
211221000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
422000
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
CY2019Q3 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
0
CY2018Q3 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
15568000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
14617000
mktx Contract With Customer Liability Foreign Currency Translation
ContractWithCustomerLiabilityForeignCurrencyTranslation
30000
CY2019Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3731000
CY2019Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
27900000
CY2019Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P29M
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>
CY2019Q3 srt Alternative Excess Net Capital
AlternativeExcessNetCapital
182900000
CY2019Q3 srt Alternative Net Capital Requirement1
AlternativeNetCapitalRequirement1
14300000
CY2019Q3 mktx Money Market Funds Fair Value Disclosure
MoneyMarketFundsFairValueDisclosure
163734000
CY2019Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
399590000
CY2018Q4 mktx Money Market Funds Fair Value Disclosure
MoneyMarketFundsFairValueDisclosure
112529000
CY2018Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
351613000
CY2019Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
231000
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-1021000
CY2019Q3 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
93510000
CY2019Q3 mktx Trading Securities Accumulated Gross Unrealized Gain Before Tax
TradingSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1312000
CY2019Q3 mktx Trading Securities Accumulated Gross Unrealized Loss Before Tax
TradingSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
9000
CY2019Q3 us-gaap Trading Securities Debt
TradingSecuritiesDebt
94813000
CY2019Q3 mktx Marketable Securities Amortized Cost
MarketableSecuritiesAmortizedCost
233614000
CY2019Q3 mktx Marketable Securities Accumulated Gross Unrealized Gain Before Tax
MarketableSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2044000
CY2019Q3 mktx Marketable Securities Accumulated Gross Unrealized Loss Before Tax
MarketableSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
33000
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
CY2019Q3 mktx Marketable Securities Within One Year Fair Value
MarketableSecuritiesWithinOneYearFairValue
116365000
CY2019Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12147000
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9472000
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2675000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5616000
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
300000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
400000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
400000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
400000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
400000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
300000
CY2019Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9628000
CY2018Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6358000
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
26100000
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
23119000
CY2019Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1865000
CY2018Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1619000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5215000
CY2019Q3 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3385000
CY2018Q3 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2502000
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
9429000
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
6036000
CY2019Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
14878000
CY2018Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10479000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
40744000
CY2019Q3 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1231000
CY2018Q3 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-663000
CY2019Q3 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-214000
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
656000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
94000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
228000
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9203000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40838000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
34999000
CY2019Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3500000
CY2018Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1700000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7000000.0
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3700000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19069000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11551000
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
43900000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37066000
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36951000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37053000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36952000
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
929000
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
877000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
860000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
907000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37995000
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37828000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37913000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37859000
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
CY2019Q3 us-gaap Line Of Credit
LineOfCredit
1000000.0
CY2019Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
99000000.0
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
CY2019Q3 us-gaap Lease Cost
LeaseCost
2611000
us-gaap Lease Cost
LeaseCost
8167000
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P13Y10M24D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.060
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2412000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11238000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10245000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9032000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8703000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
96105000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
137735000
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
45704000
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
92031000
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
CY2019Q3 mktx Number Of Lease Agreements
NumberOfLeaseAgreements
2
CY2019Q3 us-gaap Contractual Obligation
ContractualObligation
4600000
CY2019Q3 us-gaap Area Of Land
AreaOfLand
15646
mktx Lease Commencement Date
LeaseCommencementDate
2019-12-01
us-gaap Lease Expiration Date1
LeaseExpirationDate1
2027-01-15
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
us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
7800000
mktx Number Of Subsidiaries
NumberOfSubsidiaries
2
CY2019Q3 us-gaap Deposits Assets
DepositsAssets
1100000
CY2018Q3 us-gaap Deposits Assets
DepositsAssets
1200000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
131597000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
101443000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
381578000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
323121000
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
66531000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
63010000

Files In Submission

Name View Source Status
0001564590-19-037845-index-headers.html Edgar Link pending
0001564590-19-037845-index.html Edgar Link pending
0001564590-19-037845.txt Edgar Link pending
0001564590-19-037845-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mktx-10q_20190930.htm Edgar Link pending
mktx-10q_20190930_htm.xml Edgar Link completed
mktx-20190930.xsd Edgar Link pending
mktx-20190930_cal.xml Edgar Link unprocessable
mktx-20190930_def.xml Edgar Link unprocessable
mktx-20190930_lab.xml Edgar Link unprocessable
mktx-20190930_pre.xml Edgar Link unprocessable
mktx-ex21_174.htm Edgar Link pending
mktx-ex311_8.htm Edgar Link pending
mktx-ex312_6.htm Edgar Link pending
mktx-ex321_7.htm Edgar Link pending
mktx-ex322_9.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