← MARKETAXESS HOLDINGS INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $126.2m |
$148.1m
+17.37%
|
$172.9m
+16.72%
|
$204.9m
+18.54%
|
$299.4m
+46.11%
|
$257.9m
-13.86%
|
$250.2m
-2.97%
|
$258.1m
+3.13%
|
$274.2m
+6.25%
|
$246.6m
-10.05%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $246.9m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $285k | — | |
| Depreciation and amortization | $17.8m | $19.3m | $23.1m | $26.9m | $36.0m | $53.4m | $61.4m | $70.6m | $73.8m | $76.7m | $85.6m | |
| Amortization of Intangible Assets | $700k | $400k | $400k | $800k | $3.9m | $13.4m | $16.4m | $18.6m | $19.8m | $19.9m | — | |
| Depreciation, Amortization and Accretion, Net | $17.8m | $19.3m | $23.1m | $26.9m | $36.0m | $53.4m | $61.4m | $70.6m | $73.8m | $76.7m | $85.6m | |
| Deferred Income Tax Expense (Benefit) | $6.7m | $6.6m | ($1.2m) | $2.7m | $10.1m | $3.1m | ($6.5m) | ($5.8m) | ($3.9m) | $22.0m | $22.1m | |
| Share-based Payment Arrangement, Noncash Expense | $14.5m | $14.4m | $15.8m | $25.3m | $25.6m | $27.3m | $29.9m | $29.2m | $29.7m | $30.9m | $33.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $5.2m | $27.7m | $8.0m | $25.8m | $42.4m | $33.9m | $23.4m | $25.8m | $16.2m | $17.2m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | — | $32.7m | $33.4m | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | $1.1m | $735k | $1.4m | $457k | — | |
| Nonoperating Income (Expense) | — | — | $5.5m | $6.5m | ($369k) | ($3.3m) | $11.4m | $17.7m | $19.7m | $25.2m | — | |
| Other Nonoperating Income (Expense) | — | — | ($610k) | ($1.5m) | ($1.7m) | ($2.9m) | $5.9m | ($3.5m) | ($6.2m) | $1.8m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $10.4m | $2.4m | $5.1m | $3.0m | $18.0m | ($15.6m) | $15.1m | $7.1m | $3.7m | $2.4m | ($715.4m) | |
| Net Cash Provided by (Used in) Operating Activities | $80.3m |
$168.0m
+109.29%
|
$223.9m
+33.26%
|
$265.9m
+18.76%
|
$404.5m
+52.10%
|
$282.1m
-30.26%
|
$289.2m
+2.53%
|
$333.8m
+15.40%
|
$385.2m
+15.42%
|
$382.1m
-0.80%
|
$200.3m
-47.59%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $6.4m | $12.1m | $35.9m | $12.3m | $15.0m | $17.5m | $13.1m | $9.3m | $9.9m | $8.2m | ($57.7m) | |
| Payments to Acquire Investments | — | — | — | — | — | — | — | $78.6m | $93.4m | $87.8m | ($12.0m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | $187.8m | $333.8m | $170.9m | $170.7m | $0 | $0 | $4.5m | $12.4m | $10.6m | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | — | $1.7m | $19k | $2.4m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | — | $36.5m | $0 | |
| Payments for (Proceeds from) Other Investing Activities | ($414k) | $59k | ($39k) | $30k | — | $0 | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($53.2m) | ($53.7m) | ($50.3m) | ($122.1m) | $68.9m | ($67.7m) | ($86.3m) | ($155.3m) | ($86.9m) | ($96.9m) | ($59.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | $23.9m | $42.5m | $25.2m | $17.3m | $16.1m | $63.2m | $87.5m | $0 | $75.5m | $420.0m | — | |
| Net Cash Provided by (Used in) Financing Activities | ($55.8m) |
($117.1m)
-109.66%
|
($92.7m)
+20.84%
|
($118.1m)
-27.44%
|
($145.1m)
-22.87%
|
($189.8m)
-30.78%
|
($242.4m)
-27.72%
|
($147.1m)
+39.33%
|
($201.4m)
-36.94%
|
($332.4m)
-65.05%
|
($362.3m)
-9.01%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($2.8m) | $1.5m | $79.3m | $26.8m | $333.8m | $17.5m | ($52.9m) | $39.0m | $88.8m | ($24.6m) | $428.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $608.0m | $625.6m | $572.7m | $611.7m | $700.5m | $675.9m | $428.9m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $0 | $1.1m | $830k | $652k | $1.9m | $1.7m | $721k | — | |
| Income Taxes Paid, Net | $58.3m | $44.0m | $47.2m | $51.8m | $45.0m | $70.0m | $88.7m | $94.8m | $96.9m | $62.8m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | $0 | ($8.8m) | ($4.7m) | ($1.3m) | ($3.6m) | — | |
| General and Administrative Expense | $15.6m | $12.6m | $11.4m | $15.7m | $12.7m | $14.5m | $19.2m | $23.0m | $22.7m | $26.6m | — | |
| Goodwill | — | — | — | $146.9m | $147.4m | $154.8m | $154.8m | $236.7m | $236.7m | $283.7m | — | |
| Income Tax Expense (Benefit) | $65.4m | $53.7m | $45.2m | $52.5m | $75.0m | $76.0m | $88.1m | $74.6m | $86.4m | $120.1m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $1.6m | $1.5m | — | |
| Operating Expenses | $178.3m | $195.7m | $223.0m | $260.5m | $314.4m | $361.7m | $391.4m | $437.5m | $476.2m | $504.4m | — | |
| Proceeds from Stock Options Exercised | $2.3m | $2.0m | $3.0m | $1.2m | $4.0m | $7.1m | $672k | $940k | $3.0m | $0 | — | |
| Realized Investment Gains (Losses) | — | — | — | — | — | — | — | ($149k) | ($324k) | $1.3m | — |