For the quarter ending 2026-03-31, MKTX had -$127,615K decrease in cash & cash equivalents over the period. -$75,588K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 78,107 | 92,394 | 68,273 | 86,245 |
| Depreciation and amortization | 19,210 | 19,606 | 19,662 | 19,195 |
| Amortization of operating lease right-of-use assets | 1,934 | 1,979 | 1,918 | 1,863 |
| Stock-based compensation expense | 9,153 | 7,201 | 8,372 | 8,012 |
| Deferred taxes | 211 | 5,860 | 16,865 | -582 |
| Foreign currency transaction losses | 1,612 | -661 | 1,159 | -2,389 |
| Other | -4,523 | 1,332 | -2,538 | -1,983 |
| (increase)/decrease in trading investments-Trading Investments | - | -8 | -264 | 66 |
| (increase) in accounts receivable | 28,800 | -8,768 | -1,998 | -3,268 |
| (increase)/decrease in trading investments-Mutual Funds Held In Rabbi Trust | - | 244 | -68 | 1,020 |
| (increase) in receivables from broker-dealers, clearing organizations and customers | 479,333 | -103,698 | 67,061 | 30,167 |
| (increase)/decrease in prepaid expenses and other assets | 2,629 | 3,539 | -1,532 | 2,744 |
| Increase in securities sold, not yet purchased | - | - | - | 0 |
| Decrease in mutual funds held in rabbi trust | -740 | - | - | - |
| (decrease) in accrued employee compensation | -34,854 | 12,036 | 10,855 | 14,614 |
| Increase in payables to broker-dealers, clearing organizations and customers | 376,039 | -39,960 | 39,164 | 3,693 |
| (decrease)/increase in income and other tax liabilities | -13,968 | -58,707 | -9,189 | 14,111 |
| (decrease) in accounts payable, accrued expenses and other liabilities | -1,749 | 12,557 | -1,644 | 233 |
| (decrease) in operating lease liabilities | -2,301 | -2,354 | -2,292 | -2,248 |
| Net cash (used in)/provided by operating activities | -75,329 | 158,632 | 90,164 | 103,714 |
| Acquisition, net of cash acquired | - | 0 | 0 | 36,515 |
| Proceeds from maturities and sales | 4,274 | 2,150 | 1,174 | 1,975 |
| Purchases | 6,190 | 3,737 | 0 | 3,773 |
| Purchases of furniture, equipment and leasehold improvements | 259 | 3,572 | 1,496 | 1,206 |
| Capitalization of software development costs | 17,089 | 11,775 | 11,494 | 11,510 |
| Net cash (used in) investing activities | -19,264 | -16,934 | -11,816 | -51,029 |
| Cash dividends on common stock | 28,398 | 28,048 | 29,446 | 28,241 |
| Exercise of stock options | - | 0 | 0 | 0 |
| Withholding tax payments on full value awards vesting and stock option exercises | 8,517 | 394 | 6,915 | 321 |
| Repurchases of common stock | 0 | 300,000 | 45,251 | 36,687 |
| Payment of contingent consideration | - | 0 | - | - |
| Proceeds from borrowings | 126,250 | 220,000 | 0 | 0 |
| Repayments of borrowings | 118,000 | 0 | 0 | 0 |
| Net cash (used in) financing activities | -28,665 | -108,442 | -81,612 | -65,249 |
| Effect of exchange rate changes on cash and cash equivalents | -4,357 | -179 | -4,416 | 18,564 |
| Net increase/(decrease) for the period | -127,615 | 33,077 | -7,680 | 6,000 |
| Beginning of period | 675,851 | 57,685 | 700,459 | - |
| End of period | 548,236 | 33,077 | 642,774 | - |
MARKETAXESS HOLDINGS INC (MKTX)
MARKETAXESS HOLDINGS INC (MKTX)