---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-311939"
form_type: "8-K"
ticker: "MKTX"
cik: "0001278021"
company_name: "MARKETAXESS HOLDINGS INC"
filed_at: "2025-12-09T23:59:59+00:00"
generated_at: "2026-05-16T13:45:40.237350+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MarketAxess sets 8-9% annual revenue growth target, boosts buyback to $505M, plans $300M ASR

## Summary
- Medium-term targets (2026-2028): avg annual total revenue growth 8-9%; operating margin +75-125 bps/year.
- Board authorized $400M new stock repurchase; total outstanding authorization now $505M.
- Plans $300M accelerated stock repurchase (ASR) with JPMorgan; ~$240M shares at onset, final settlement Q1 2026.
- ASR funded by $80M cash and $220M revolver borrowings; trailing 12-month free cash flow $385M.
- YTD 2025 returned ~$120M in buybacks and $86M in dividends.

## SEC filing metadata
- accession: 0001193125-25-311939
- form_type: 8-K
- ticker: MKTX
- cik: 0001278021
- company_name: MARKETAXESS HOLDINGS INC
- filed_at: 2025-12-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1278021/000119312525311939/0001193125-25-311939-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1278021/000119312525311939/mktx-20251209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-311939
- JSON: https://secwatch.observer/filing/0001193125-25-311939.json
- Plain text: https://secwatch.observer/filing/0001193125-25-311939.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.