MARKETAXESS HOLDINGS INC. (MKTX) FY2026 YTD Q2 Statement of Cash Flows
2026-01-01 to 2026-06-30
Statement of Cash Flows
2026-01-01 to 2026-06-30
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Chart details
MARKETAXESS HOLDINGS INC. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026
Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2025
- 675,851,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
- Operating activities
- negative 48,517,000 US dollars. Net cash used.
- Net income
- 146,430,000 US dollars
- Depreciation and amortization
- 38,519,000 US dollars
- Amortization of operating lease right-of-use assets
- 3,906,000 US dollars
- Stock-based compensation expense
- 17,830,000 US dollars
- Foreign currency transaction losses
- negative 634,000 US dollars
- Deferred taxes
- negative 638,000 US dollars
- Other
- 5,278,000 US dollars
- (Increase) in accounts receivable
- negative 34,527,000 US dollars
- (Increase) in receivables from broker-dealers, clearing organizations and customers
- negative 728,239,000 US dollars
- (Increase)/decrease in prepaid expenses and other assets
- negative 1,821,000 US dollars
- (Increase)/decrease in trading investments - Mutual Funds Held In Rabbi Trust
- negative 580,000 US dollars
- (Increase)/decrease in trading investments - Trading Investments
- 0 US dollars
- (Decrease) in accrued employee compensation
- negative 24,296,000 US dollars
- Increase in payables to broker-dealers, clearing organizations and customers
- 541,224,000 US dollars
- (Decrease)/increase in income and other tax liabilities
- negative 7,961,000 US dollars
- Increase/(decrease) in accounts payable, accrued expenses and other liabilities
- 1,600,000 US dollars
- (Decrease) in operating lease liabilities
- negative 4,608,000 US dollars
- Investing activities
- negative 30,752,000 US dollars. Net cash used.
- Proceeds from maturities and sales
- 6,891,000 US dollars
- Purchases
- negative 8,286,000 US dollars
- Acquisition, net of cash acquired
- 0 US dollars
- Purchases of furniture, equipment and leasehold improvements
- negative 908,000 US dollars
- Capitalization of software development costs
- negative 28,449,000 US dollars
- Financing activities
- negative 172,272,000 US dollars. Net cash used.
- Payment of the excise tax on repurchases
- negative 3,361,000 US dollars
- Cash dividends on common stock
- negative 55,890,000 US dollars
- Withholding tax payments on Full Value Awards vesting and stock option exercises
- negative 8,935,000 US dollars
- Repurchases of common stock
- 0 US dollars
- Repayments of borrowings
- negative 234,250,000 US dollars
- Proceeds from borrowings
- 130,164,000 US dollars
- Operating adjustment reconciliation
- 803,304,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 302,436,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 37,643,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- negative 4,589,000 US dollars
- Ending cash on Jun 30, 2026
- 419,721,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
- Cash sources and uses
- 675,851,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 256,130,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- −0.33×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- negative 48,517,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 908,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- negative 49,425,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income or operating cash is negative. The full signed reconciliation is retained: losses remain deductions, and any negative operating-cash total enters the junction from the cash pool. No positive direct-income connection is implied.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 48,517,000 US dollars minus 908,000 US dollars equals negative 49,425,000 US dollars.
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