$MKTX
MARKETAXESS HOLDINGS INC Stock $mktx

$mktx Overview Financials Valuation SEC Filings Company Website

2020 Q1 Form 10-Q Financial Statement

#000156459020020511 Filed on May 01, 2020

Income Statement

Concept	2020 Q1	2019 Q1
Revenue	$169.0M	$124.5M
YoY Change	35.74%	8.52%
Cost Of Revenue	$8.200M	$5.800M
YoY Change	41.38%	0.0%
Gross Profit	$160.8M	$118.7M
YoY Change	35.47%	9.0%
Gross Profit Margin	95.16%	95.35%
Selling, General & Admin	$56.20M	$46.90M
YoY Change	19.83%	12.2%
% of Gross Profit	34.95%	39.51%
Research & Development	$8.161M	$5.782M
YoY Change	41.14%
% of Gross Profit	5.08%	4.87%
Depreciation & Amortization	$8.100M	$6.100M
YoY Change	32.79%	15.09%
% of Gross Profit	5.04%	5.14%
Operating Expenses	$8.161M	$61.30M
YoY Change	-86.69%	12.4%
Operating Profit	$91.09M	$63.19M
YoY Change	44.15%	5.01%
Interest Expense	$1.300M	$2.000M
YoY Change	-35.0%	66.67%
% of Operating Profit	1.43%	3.17%
Other Income/Expense, Net	$613.0K	$2.031M
YoY Change	-69.82%	141.79%
Pretax Income	$91.70M	$65.22M
YoY Change	40.6%	6.9%
Income Tax	$16.89M	$12.70M
% Of Pretax Income	18.41%	19.47%
Net Earnings	$74.82M	$52.52M
YoY Change	42.45%	9.56%
Net Earnings / Revenue	44.28%	42.19%
Basic Earnings Per Share	$2.01	$1.42
Diluted Earnings Per Share	$1.96	$1.39
COMMON SHARES
Basic Shares Outstanding	37.30M	37.04M
Diluted Shares Outstanding	38.08M	37.83M

Balance Sheet

Concept	2020 Q1	2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$501.6M	$261.0M
YoY Change	92.19%	-35.01%
Cash & Equivalents	$366.0M	$262.1M
Short-Term Investments	$135.6M
Other Short-Term Assets	$20.30M	$17.20M
YoY Change	18.02%	-3.91%
Inventory
Prepaid Expenses
Receivables	$93.60M	$70.90M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$477.7M	$349.1M
YoY Change	36.84%	44.5%
LONG-TERM ASSETS
Property, Plant & Equipment	$74.93M	$139.2M
YoY Change	-46.17%	251.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$135.6M	$222.5M
YoY Change	-39.06%	-8.92%
Other Assets	$100.0K	$1.400M
YoY Change	-92.86%	75.0%
Total Long-Term Assets	$497.9M	$425.7M
YoY Change	16.96%	22.43%
TOTAL ASSETS
Total Short-Term Assets	$477.7M	$349.1M
Total Long-Term Assets	$497.9M	$425.7M
Total Assets	$975.6M	$774.8M
YoY Change	25.92%	31.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$34.80M	$13.70M
YoY Change	154.01%	-5.52%
Accrued Expenses	$118.2M	$107.5M
YoY Change	9.95%	589.1%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$173.8M	$140.1M
YoY Change	24.05%	188.87%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$4.000M	$3.500M
YoY Change	14.29%	-2.78%
Total Long-Term Liabilities	$4.000M	$3.500M
YoY Change	14.29%	-2.78%
TOTAL LIABILITIES
Total Short-Term Liabilities	$173.8M	$140.1M
Total Long-Term Liabilities	$4.000M	$3.500M
Total Liabilities	$177.7M	$143.7M
YoY Change	23.66%	175.82%
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	$797.9M	$631.1M
YoY Change
Total Liabilities & Shareholders Equity	$975.6M	$774.8M
YoY Change	25.92%	31.48%

Cashflow Statement

Concept	2020 Q1	2019 Q1
OPERATING ACTIVITIES
Net Income	$74.82M	$52.52M
YoY Change	42.45%	9.56%
Depreciation, Depletion And Amortization	$8.100M	$6.100M
YoY Change	32.79%	15.09%
Cash From Operating Activities	$120.4M	$39.37M
YoY Change	205.75%	25.22%
INVESTING ACTIVITIES
Capital Expenditures	$4.291M	$649.0K
YoY Change	561.17%	-71.51%
Acquisitions	$533.0K
YoY Change
Other Investing Activities	$35.60M	$15.00K
YoY Change	237233.33%	-37.5%
Cash From Investing Activities	$24.60M	$10.56M
YoY Change	132.91%	-182.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$5.184M
YoY Change		-17.29%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-49.82M	-36.23M
YoY Change	37.53%	23.03%
NET CHANGE
Cash From Operating Activities	120.4M	39.37M
Cash From Investing Activities	24.60M	10.56M
Cash From Financing Activities	-49.82M	-36.23M
Net Change In Cash	91.74M	14.65M
YoY Change	526.37%	-235.06%
FREE CASH FLOW
Cash From Operating Activities	$120.4M	$39.37M
Capital Expenditures	$4.291M	$649.0K
Free Cash Flow	$116.1M	$38.72M
YoY Change	199.79%	32.78%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2020Q1	us-gaap	Lessee Operating Lease Existence Of Option To Extend LesseeOperatingLeaseExistenceOfOptionToExtend	true
CY2020Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1
CY2020Q1	mktx	Hedge Derivative Expiration Period HedgeDerivativeExpirationPeriod	P1M
CY2020Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1
CY2020Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P13Y1M6D
CY2019Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P14Y2M12D
CY2020Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4291000
CY2020Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	80000
CY2020Q1	mktx	Adjustments Related To Tax Withholding Expense Benefit For Share Based Compensation AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation	21243000
CY2020Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	6778000
CY2019Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	3184000
CY2019Q1	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	53193000
CY2019Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	649000
CY2019Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	943000
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	14647000
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	247458000
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	365997000
CY2020Q1	mktx	Settlement Period Of Bond Transaction SettlementPeriodOfBondTransaction	within one to two trading days
CY2019Q4	mktx	Money Market Funds Fair Value Disclosure MoneyMarketFundsFairValueDisclosure	99755000
CY2020Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	168978000
CY2019Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	124491000
CY2020Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	41194000
CY2019Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	32658000
CY2020Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	8067000
CY2019Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	6082000
CY2020Q1	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	8161000
CY2019Q1	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	5782000
CY2020Q1	us-gaap	Professional Fees ProfessionalFees	5675000
CY2019Q1	us-gaap	Professional Fees ProfessionalFees	5831000
CY2020Q1	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	1269000
CY2019Q1	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	1989000
CY2020Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	91089000
CY2019Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	63189000
CY2019Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	42000
CY2020Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.60
CY2020Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37303000
CY2019Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37043000
CY2020Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	38075000
CY2019Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	37832000
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	74816000
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	52522000
CY2020Q1	us-gaap	Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax	2441000
CY2019Q1	us-gaap	Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax	-452000
CY2020Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-3859000
CY2019Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	1118000
CY2019Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	143000
CY2020Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-491000
CY2019Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	459000
CY2020Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	70466000
CY2019Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	54099000
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	770091000
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	74816000
CY2020Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-3859000
CY2020Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	6677000
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	607878000
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	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	172000
CY2019Q1	mktx	Adjustments Related To Tax Withholding Expense Benefit For Share Based Compensation AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation	11803000
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	74816000
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	52522000
CY2020Q1	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	8067000
CY2020Q1	mktx	Amortization Of Operating Lease Right Of Use Assets AmortizationOfOperatingLeaseRightOfUseAssets	1645000
CY2019Q1	mktx	Amortization Of Operating Lease Right Of Use Assets AmortizationOfOperatingLeaseRightOfUseAssets	1291000
CY2020Q1	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-56394000
CY2019Q1	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-6015000
CY2020Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	451000
CY2019Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	735000
CY2020Q1	mktx	Increase Decrease In Operating Lease Liabilities IncreaseDecreaseInOperatingLeaseLiabilities	-1516000
CY2019Q1	mktx	Increase Decrease In Operating Lease Liabilities IncreaseDecreaseInOperatingLeaseLiabilities	-321000
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	39369000
CY2020Q1	mktx	Payments To Acquire Businesses Net Of Cash And Cash Equivalents Acquired PaymentsToAcquireBusinessesNetOfCashAndCashEquivalentsAcquired	533000
CY2020Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	45154000
CY2019Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	67603000
CY2020Q1	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	8995000
CY2019Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	15000
CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	10562000
CY2019Q1	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	19412000
CY2019Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	172000
CY2019Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	11803000
CY2019Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	5184000
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-36227000
CY2020Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-3360000
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	91744000
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	274253000
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	262105000
CY2020Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	674000
CY2020Q1	dei	Entity Incorporation Date Of Incorporation EntityIncorporationDateOfIncorporation	2000-04-11
CY2020Q1	mktx	Cash Equivalents Maximum Period CashEquivalentsMaximumPeriod	P3M
CY2020Q1	us-gaap	Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings	0
CY2019Q1	us-gaap	Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings	0
CY2020Q1	mktx	Number Of Revenue Streams NumberOfRevenueStreams	4
CY2020Q1	mktx	Description Of Commission Revenue DescriptionOfCommissionRevenue	For Open Trading 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.
CY2019Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	3499000
CY2020Q1	mktx	Contract With Customer Liability Payments Received ContractWithCustomerLiabilityPaymentsReceived	6117000
CY2020Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	5578000
CY2020Q1	mktx	Contract With Customer Liability Foreign Currency Translation ContractWithCustomerLiabilityForeignCurrencyTranslation	88000
CY2020Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	3950000
CY2020Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	39500000
CY2020Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P28M
CY2020Q1	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>
CY2020Q1	srt	Alternative Excess Net Capital AlternativeExcessNetCapital	239900000
CY2020Q1	srt	Alternative Net Capital Requirement1 AlternativeNetCapitalRequirement1	21800000
CY2020Q1	mktx	Money Market Funds Fair Value Disclosure MoneyMarketFundsFairValueDisclosure	152808000
CY2020Q1	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	281046000
CY2019Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	327460000
CY2020Q1	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-7379000
CY2019Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-2772000
CY2020Q1	us-gaap	Trading Securities Debt Amortized Cost TradingSecuritiesDebtAmortizedCost	36163000
CY2020Q1	us-gaap	Trading Securities Debt TradingSecuritiesDebt	34829000
CY2020Q1	mktx	Marketable Securities Amortized Cost MarketableSecuritiesAmortizedCost	136881000
CY2020Q1	mktx	Marketable Securities Accumulated Gross Unrealized Gain Before Tax MarketableSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	393000
CY2020Q1	mktx	Marketable Securities Accumulated Gross Unrealized Loss Before Tax MarketableSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	1657000
CY2020Q1	us-gaap	Marketable Securities MarketableSecurities	135617000
CY2019Q4	us-gaap	Trading Securities Debt Amortized Cost TradingSecuritiesDebtAmortizedCost	91031000
CY2019Q4	mktx	Trading Securities Accumulated Gross Unrealized Gain Before Tax TradingSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	1625000
CY2019Q4	mktx	Trading Securities Accumulated Gross Unrealized Loss Before Tax TradingSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	14000
CY2019Q4	us-gaap	Trading Securities Debt TradingSecuritiesDebt	92642000
CY2019Q4	mktx	Marketable Securities Amortized Cost MarketableSecuritiesAmortizedCost	228150000
CY2019Q4	mktx	Marketable Securities Accumulated Gross Unrealized Gain Before Tax MarketableSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	2346000
CY2019Q4	mktx	Marketable Securities Accumulated Gross Unrealized Loss Before Tax MarketableSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	19000
CY2019Q4	us-gaap	Marketable Securities MarketableSecurities	230477000
CY2020Q1	mktx	Marketable Securities Within One Year Fair Value MarketableSecuritiesWithinOneYearFairValue	77828000
CY2019Q4	mktx	Marketable Securities Within One Year Fair Value MarketableSecuritiesWithinOneYearFairValue	120850000
CY2020Q1	mktx	Marketable Securities After One Through Five Years Fair Value MarketableSecuritiesAfterOneThroughFiveYearsFairValue	57789000
CY2019Q4	mktx	Marketable Securities After One Through Five Years Fair Value MarketableSecuritiesAfterOneThroughFiveYearsFairValue	109627000
CY2020Q1	us-gaap	Marketable Securities MarketableSecurities	135617000
CY2019Q4	us-gaap	Marketable Securities MarketableSecurities	230477000
CY2020Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	111400000
CY2019Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	100100000
CY2019Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	12698000
CY2020Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.184
CY2019Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.195
CY2020Q1	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	6300000
CY2019Q1	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	3000000.0
CY2020Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	6677000
CY2020Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	70958000
CY2020Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	10673000
CY2020Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	60285000
CY2019Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	60986000
CY2020Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	700000
CY2019Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	100000
CY2020Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	3300000
CY2020Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	5700000
CY2020Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	6900000
CY2020Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	7900000
CY2020Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	6700000
CY2020Q1	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	7766000
CY2019Q1	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	6524000
CY2020Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	2910000
CY2019Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	1393000
CY2020Q1	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	3447000
CY2019Q1	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	2771000
CY2020Q1	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	14123000
CY2019Q1	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	10688000
CY2020Q1	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	1905000
CY2019Q1	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	1602000
CY2020Q1	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	352000
CY2019Q1	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	249000
CY2020Q1	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	506000
CY2019Q1	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	159000
CY2020Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	2763000
CY2019Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	2010000
CY2020Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	16886000
CY2020Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37303000
CY2019Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	5196000
CY2020Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	50700000
CY2020Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y3M18D
CY2019Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37043000
CY2020Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	772000
CY2019Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	789000
CY2020Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	38075000
CY2019Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	37832000
CY2020Q1	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	100000000.0
CY2020Q1	mktx	Line Of Credit Facility Additional Borrowing Capacity LineOfCreditFacilityAdditionalBorrowingCapacity	50000000.0
CY2020Q1	us-gaap	Line Of Credit LineOfCredit	1000000.0
CY2020Q1	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	99000000.0
CY2020Q1	mktx	Percentage Of Foreign Subsidiary Interest Pledged PercentageOfForeignSubsidiaryInterestPledged	0.65
CY2020Q1	us-gaap	Lessee Operating Lease Option To Extend LesseeOperatingLeaseOptionToExtend	Certain leases contain options to extend the initial term at the Company’s discretion
CY2020Q1	us-gaap	Lease Cost LeaseCost	3465000
CY2019Q1	us-gaap	Lease Cost LeaseCost	2869000
CY2020Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.059
CY2019Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.060
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	8256000
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	11899000
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	10239000
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	9994000
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	10661000
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	89343000
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	140392000
CY2020Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	44091000
CY2020Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	96301000
CY2020Q1	mktx	Number Of Lease Agreements NumberOfLeaseAgreements	2
CY2020Q1	us-gaap	Contractual Obligation ContractualObligation	3300000
CY2020Q1	mktx	Settlement Period Of Bond Transaction SettlementPeriodOfBondTransaction	within one to two trading days
CY2020Q1	us-gaap	Deposits Assets DepositsAssets	2200000
CY2019Q1	us-gaap	Deposits Assets DepositsAssets	4100000
CY2020Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	168978000
CY2019Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	124491000
CY2020Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	74926000
CY2019Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	71795000

Files In Submission

Name	View Source	Status
0001564590-20-020511-index-headers.html	Edgar Link	pending
0001564590-20-020511-index.html	Edgar Link	pending
0001564590-20-020511.txt	Edgar Link	pending
0001564590-20-020511-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
mktx-10q_20200331.htm	Edgar Link	pending
mktx-10q_20200331_htm.xml	Edgar Link	completed
mktx-20200331.xsd	Edgar Link	pending
mktx-20200331_cal.xml	Edgar Link	unprocessable
mktx-20200331_def.xml	Edgar Link	unprocessable
mktx-20200331_lab.xml	Edgar Link	unprocessable
mktx-20200331_pre.xml	Edgar Link	unprocessable
mktx-ex311_9.htm	Edgar Link	pending
mktx-ex312_8.htm	Edgar Link	pending
mktx-ex321_10.htm	Edgar Link	pending
mktx-ex322_6.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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R66.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

2020 Q1 Form 10-Q Financial Statement

#000156459020020511 Filed on May 01, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MKTX MARKETAXESS HOLDINGS INC Stock $mktx

2020 Q1 Form 10-Q Financial Statement

#000156459020020511 Filed on May 01, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MKTX
MARKETAXESS HOLDINGS INC Stock $mktx