MKTXMarketAxess Holdings Inc.Stock — Financial
Yield
1.89%
$3.12 indicated at $164.67
Dividend
$0.78/qtr
Declared Oct 23, 2026, payable Nov 25, 2026, record Nov 11, 2026
Payout ratio
36.7%
Per MarketBeat (sources range ~37–40%)
Pays
Quarterly
Raised $0.76 → $0.78 in January 2026
House verdict
Covered nearly three times over, raised again in 2026. A $0.78 quarterly dividend at a ~37% payout, declared October 23, 2026 alongside Q3 results. Electronic fixed-income trading is a toll-road business, and the January 2026 raise from $0.76 kept the growth going — margin pressure is the watch item, not coverage.
Key risk: Margin pressure in Q3 2026 — flat commission revenue and a GAAP EPS dip, even as services and information revenue grew.
Changes if: The payout rises past ~50% or commission revenue falls for two more quarters.
- ✓Covered by earnings ~37% payout, per MarketBeat.
- ✓Growth record Raised $0.76 → $0.78 in January 2026.
- !Margin pressure Q3 2026 GAAP EPS $1.53, down on headline margin compression.
What this grade doesn't say: It screens the dividend only — covered, real, compounding. It says nothing about valuation or price: a well-covered payer can still be overpriced, and its price can still fall.