For the quarter ending 2025-09-30, MKTX had -$7,680K decrease in cash & cash equivalents over the period. $88,668K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income | 68,273 | 86,245 | - | - |
| Depreciation and amortization | 19,662 | 19,195 | 18,236 | 18,540 |
| Amortization of operating lease right-of-use assets | 1,918 | 1,863 | 1,763 | 1,614 |
| Net income | - | - | 15,065 | 65,139 |
| Stock-based compensation expense | 8,372 | 8,012 | 7,333 | 6,619 |
| Deferred taxes | 16,865 | -582 | -124 | -2,055 |
| Foreign currency transaction losses | 1,159 | -2,389 | -1,691 | 4,519 |
| Other | -2,538 | -1,983 | 4,809 | -9,881 |
| (increase) in accounts receivable | -1,998 | -3,268 | 16,414 | -7,947 |
| (increase)/decrease in receivables from broker-dealers, clearing organizations and customers | 67,061 | 30,167 | 129,508 | -111,571 |
| Decrease in prepaid expenses and other assets | -1,532 | 2,744 | -5,570 | 2,194 |
| (increase)/decrease in trading investments-Trading Investments | -264 | 66 | 0 | 0 |
| Increase in securities sold, not yet purchased | - | -9,167 | - | - |
| (increase)/decrease in trading investments-Mutual Funds Held In Rabbi Trust | -68 | 1,020 | -837 | 38 |
| (decrease) in accrued employee compensation | 10,855 | 14,614 | -34,310 | 14,844 |
| Increase/(decrease) in payables to broker-dealers, clearing organizations and customers | 39,164 | 3,693 | 96,275 | -56,511 |
| Increase/(decrease) in income and other tax liabilities | -9,189 | 14,111 | 77,295 | 1,866 |
| (decrease) in accounts payable, accrued expenses and other liabilities | -1,644 | 233 | -7,146 | 5,628 |
| (decrease) in operating lease liabilities | -2,292 | -2,248 | -2,125 | -2,084 |
| Net cash provided by operating activities | 90,164 | 103,714 | 29,629 | 176,248 |
| Acquisition of equity method investment | - | - | - | 0 |
| Proceeds from maturities and sales | 1,174 | 1,975 | 5,271 | 3,445 |
| Purchases | 0 | 3,773 | 5,458 | 4,064 |
| Acquisition, net of cash acquired | 0 | 36,515 | - | - |
| Purchases of furniture, equipment and leasehold improvements | 1,496 | 1,206 | 1,930 | 215 |
| Acquisitions, net of cash and cash equivalents acquired | - | - | - | 0 |
| Capitalization of software development costs | 11,494 | 11,510 | 15,031 | 10,833 |
| Net cash (used in) investing activities | -11,816 | -51,029 | -17,148 | -11,667 |
| Cash dividends on common stock | 29,446 | 28,241 | 29,464 | 27,698 |
| Exercise of stock options | 0 | 0 | 0 | 567 |
| Withholding tax payments on full value awards vesting and stock option exercises | 6,915 | 321 | 9,525 | 931 |
| Repurchases of common stock | 45,251 | 36,687 | 38,077 | 16,845 |
| Proceeds from short-term borrowings | 0 | 0 | - | 0 |
| Payment of contingent consideration | - | - | - | 0 |
| Repayments of short-term borrowings | 0 | 0 | - | 0 |
| Net cash (used in) financing activities | -81,612 | -65,249 | -77,066 | -44,907 |
| Effect of exchange rate changes on cash and cash equivalents | -4,416 | 18,564 | 8,580 | -19,220 |
| Net decrease for the period | -7,680 | 6,000 | -56,005 | 100,454 |
| Cash and cash equivalents at beginning of period | 700,459 | - | - | - |
| Cash and cash equivalents at end of period | 642,774 | - | - | - |
MARKETAXESS HOLDINGS INC (MKTX)
MARKETAXESS HOLDINGS INC (MKTX)