MKTX · 10-Q · 2026Q2 · Full report

Capital Return Program

MARKETAXESS HOLDINGS INC · 2026-08-07 · Importance 58 · Surprise 42

The Board authorized a $200.0 million 2024 Repurchase Program in August 2024 and an additional $400.0 million 2025 Repurchase Program in December 2025. The Company entered into a $300.0 million accelerated share repurchase with JPMorgan on December 9, 2025, with final settlement on February 4, 2026, exhausting the 2024 authorization. As of June 30, 2026, $205.0 million remained available under the 2025 Repurchase Program, which has no expiration date. Financing cash use increased $30.0 million in the first six months of 2026, principally because of debt repayments and excise tax on stock repurchases, partly offset by lower repurchases.

Key facts

• Board authorized 2024 Repurchase Program for up to $200.0 million in August 2024 and 2025 Repurchase Program for additional $400.0 million in December 2025; Repurchase Programs do not have an expiration date source
• As of June 30, 2026 remaining capacity under the 2025 Repurchase Program: $205.0 million source
• On December 9, 2025 the Company entered into the ASR with JPMorgan for $300.0 million; final settlement occurred on February 4, 2026; the 2024 Repurchase Program was exhausted by the ASR source