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Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.Operating expense mix has shifted decisively toward people and technology: employee compensation and tech/communications are the biggest and fastest-rising lines as MarketAxess invests in AI, automation and the DirectBooks/new-issue roadmap. Spikes in D&A and consulting reflect recent acquisitions, platform build and one-time repositioning/legal charges. Management touts operating leverage—non‑GAAP expenses only up ~8% while margins and revenue hit records—so higher spend appears strategic, not wasteful; key risks are April volume/mix headwinds and whether revenue growth sustains to cover the larger, structurally higher expense base.
Date | Occupancy | Depreciation and Amortization | Marketing and Advertising | Employee Compensation | Technology and Communications | Professional Consulting Fees | Clearing Costs | General and Administratives |
|---|---|---|---|---|---|---|---|---|
Jun 30, 2026 | $3.98M | $19.31M | $3.44M | $62.18M | $21.51M | $7.97M | $4.36M | $5.78M |
Mar 31, 2026 | $3.82M | $19.21M | $2.33M | $70.19M | $20.36M | $6.38M | $4.43M | $5.74M |
Dec 31, 2025 | $3.80M | $19.61M | $3.84M | $61.40M | $20.86M | $10.51M | $4.00M | $9.37M |
Sep 30, 2025 | $3.86M | $19.66M | $2.35M | $59.98M | $19.96M | $7.38M | $3.95M | $6.10M |
Jun 30, 2025 | $3.75M | $19.20M | $2.95M | $65.24M | $19.42M | $7.19M | $4.45M | $5.40M |
Mar 31, 2025 | $3.62M | $18.24M | $2.06M | $61.92M | $18.05M | $6.41M | $4.18M | $5.72M |
Dec 31, 2024 | $3.72M | $18.54M | $3.97M | $59.40M | $18.79M | $6.33M | $4.44M | $7.24M |
Sep 30, 2024 | $3.83M | $18.73M | $2.90M | $58.43M | $18.55M | $6.99M | $4.39M | $5.84M |
Jun 30, 2024 | $3.71M | $18.36M | $3.01M | $56.79M | $17.77M | $7.67M | $4.12M | $4.89M |
Mar 31, 2024 | $3.42M | $18.20M | $1.83M | $61.26M | $17.05M | $6.39M | $4.91M | $4.74M |