Financial Statements

MarketAxess Holdings Inc.

MarketAxess Holdings Inc. (MKTX)

Financial Services

Income Statement

Download MKTX income statement Download MKTX income statement
Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Earnings Per Share Basic 0.440.86-1.652.062.032.623.424.024.68
Net Profit Margin 0.140.21--0.320.280.320.340.370.40
Earnings Per Share Diluted 0.420.80-1.592.011.972.553.343.894.57
Revenue 114.44146.23--238.73262.77303.10369.92397.47435.56
Weighted Average Shares Outstanding 34.3633.51-36.5236.8936.9336.6936.8436.8636.96
Gross Profit 114.44146.23--107.28118.54----
Weighted Average Shares Outstanding (Diluted) 33.2633.16-37.8237.8937.8937.6437.7438.0437.85
Sales, General and Administrative Expense 77.6088.97--8.869.6513.0115.6312.5811.35
Dividend per Share 0.000.00--
Operating Income 30.0550.91-82.00107.28118.54147.90191.60201.77212.58
Gross Margin 1.001.00--0.450.45----
Earnings before Tax 30.0550.91-82.00107.28118.54147.90191.60201.77218.09
EBITDA Margin 0.320.39--0.500.520.550.570.560.54
Net Income 16.1031.43-60.0776.0274.8196.04126.17148.09172.85
EBIT Margin 0.260.35--0.450.450.490.520.510.49
Net Income - Discounted ops ----------
Profit Margin 0.140.21--0.320.280.320.340.370.40
Preferred Dividends ----------
Free Cash Flow margin 0.000.00--
R&D Expenses ----16.0417.6815.9217.2720.0523.87
Interest Expense ----------
Earnings Before Tax Margin 0.260.35--0.450.450.490.520.510.50
Consolidated Income 16.1031.43-60.0776.0274.8196.04126.17148.09172.85
EBIT 30.0550.91-82.00107.28118.54147.90191.60201.77212.58
EBITDA 36.8457.26-82.00120.33135.91166.44209.44221.04235.66
Income Tax Expense 13.9519.48--0.6438.7243.7351.8665.4353.6845.23
Operating Expenses 84.3995.32--24.9027.34155.20178.32195.70222.98
Cost of Revenue ----131.45144.24----
Net Income Com 16.1031.43-60.0776.0274.8196.04126.17148.09172.85
Net Income - Non-Controlling int ----------

MarketAxess Holdings Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes MarketAxess Holdings Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.