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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $218.42M | $233.38M | $209.41M | $208.82M | $219.46M | $208.58M | $202.40M | $206.72M |
| Gross profit | $218.42M | $233.38M | $209.41M | $208.82M | $219.46M | $208.58M | $202.40M | $206.72M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Selling, general and administrative | $104.87M | $108.82M | $109.79M | $99.63M | $103.96M | $97.77M | $99.45M | $96.55M |
| Operating expenses | $128.54M | $132.46M | $133.40M | $123.24M | $127.60M | $120.19M | $122.43M | $119.66M |
| Operating income | $89.88M | $100.92M | $76.01M | $85.58M | $91.86M | $88.38M | $79.98M | $87.06M |
| Operating margin | 41.1% | 43.2% | 36.3% | 41.0% | 41.9% | 42.4% | 39.5% | 42.1% |
| EBITDA | $109.19M | $120.13M | $95.62M | $105.24M | $111.06M | $106.62M | $98.52M | $105.78M |
| Interest income | $4.69M | $4.31M | $5.45M | $5.85M | $5.93M | $7.17M | $6.72M | $6.95M |
| Interest expense | −$1.86M | −$2.89M | −$964.00K | −$171.00K | −$139.00K | −$213.00K | −$318.00K | −$346.00K |
| Income before taxes | $89.76M | $103.89M | $79.79M | $93.64M | $97.42M | $96.15M | $84.60M | $92.90M |
| Income taxes | $21.44M | $25.78M | −$12.61M | $25.37M | $26.24M | $81.09M | $19.46M | $21.41M |
| Net income | $68.32M | $78.11M | $92.39M | $68.27M | $71.18M | $15.07M | $65.14M | $71.49M |
| Net margin | 31.3% | 33.5% | 44.1% | 32.7% | 32.4% | 7.2% | 32.2% | 34.6% |
| EPS, basic | $1.93 | $2.21 | $2.52 | $1.84 | $1.91 | $0.40 | $1.74 | $1.90 |
| EPS, diluted | $1.93 | $2.20 | $2.51 | $1.84 | $1.91 | $0.40 | $1.73 | $1.90 |
| Diluted shares | 35.24M | 35.39M | 36.69M | 37.11M | 37.30M | 37.46M | 37.60M | 37.61M |
Figures describe MarketAxess shares, not any token. As of Aug 7, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.