| Benford Chart for MKTX 10Q Filed 11/7/2025 | ||||||||||||||||||||||||||||||||||||
Total numbers found: 976 Recent share count: 37,363,773 (3's column) ■ = Typical range across full coverage universe | ||||||||||||||||||||||||||||||||||||
| # of Numbers Found in Filing | |||
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On this page of Benford's Law Stocks.com we present our study of MARKETAXESS HOLDINGS INC — ticker symbol MKTX. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 2/19/2021 to 11/7/2025
for MARKETAXESS HOLDINGS INC under CIK number 0001278021.
For filings made in XBRL (eXtensible
Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL
filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format
found for each filing is presented below together with the results for MKTX, with the percentage of found numbers beginning with each digit
(1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as
well as the "normal" range for MARKETAXESS HOLDINGS INC based on the past MKTX filings our system processed in the past.
| Benford's Law Stocks Score for MKTX = 85 | ||
Starting from a possible score of 100, we made the following score deductions: • The 3's percentage was higher than the 2's percentage, increasing the penalty multiplier. • However, because we observed that the company's shares outstanding count begins with the digit 3, we canceled the penalty multiplier. • We deducted points upon observing the 3's percentage was above the typical coverage universe range. • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier. • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier. • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction. • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was above the typical coverage universe range. |
| MKTX's Score Vs. Typical Stock | |||
|
Check our work! We provide our MARKETAXESS HOLDINGS INC Benford's Law analysis for informational purposes only, and our software should be expected to
make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating
the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the MKTX filing
above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also
be helpful for exploring any columns in particular that caught your eye.
| 1's | 2's | 3's |
|---|---|---|
| We found 300 numbers that start with the digit 1. Here they are: 168,472 165,260 110,519 115,880 111,622 107,298 1,789,216 11,733 110,000 110,000,000 123 123 10,000,000 1,474,752 1,405,904 1,378,450 1,388,660 1,789,216 180,171 180,392 13,785 12,960 11,293 10,382 10,342 187,135 176,485 19,662 18,728 19,961 18,553 11,234 10,974 12,580 13,420 17,218 15,467 123,242 119,660 18,949 19,327 171 1,283 1,064 1,105 15,057 132,691 154,518 128 154,390 1.84 1.90 1.84 1.90 154,518 18,740 13,936 150 185,588 167 198 185,390 123 1,405,904 1,388,660 15,065 15,065 11,010 11,010 164 1,104 123 1,392,279 1,347,313 148 148 123 1,434,953 1,321 1,386,185 127 123 1,474,752 1,378,450 123 1,244,216 1,292,963 1,977 1,977 14,893 14,893 155 1,440 10,147 10,147 123 1,288,247 1,318,233 13 13 123 1,325,139 1,329,221 18,740 18,740 164 164 15,032 15,032 123 1,368,661 10,144 1,386,254 154,518 16,159 1,823 11,148 11,677 198 115 139,132 16,761 15,263 120,015 156,470 11,082 11,667 1,399 1,647 1,735 10,365 1,822 1.0 130,961 135,756 13,987 13,384 14,728 145,949 146,737 101,271 100,248 180,171 180,392 13,334 12,787 173 13,785 12,960 11,271 10,333 11,293 10,382 148 10,342 11,438 11,646 1,286 17,261 17,218 1,422 100,503 100,503 11,221 11,221 168,472 195,936 11,107 11,107 165,260 110,519 110,519 110,519 110,519 119,942 1,211,372 1,211,372 1,211,372 107,652 1,195 1,808 1,602 1.0 12 100,270 100,503 10,237 11,221 166,967 1,538 168,472 100,484 1,525 10,212 11,107 166,143 1,074 1,957 165,260 124 166 1,113 1,850 1,674 1,829 1,161 1,255 1,161 1,255 174 174 100,503 122,847 157,251 154,153 11,467 11 1 12,220 12 1,226 1 184,441 109,307 136,424 119,942 107,652 158,694 101,514 1,012 13,755 10,365 1,554 1,554 100 1,392 1,074 1,822 1,822 16,900 12,600 19.5 1.2 10,365 128 1,240 11,733 155,525 138,089 16,443 115,880 179,219 14.7 15.0 19.7 18.3 16.8 15.8 132.7 1,217 1,158 1.2 176,590 197.78 193.49 10,343 1.84 1.90 1.84 1.90 133,720 199,481 1 1.00 1 1.1 11,278 11,015 1 12,489 18,225 150.0 120.0 105.0 10.0 138,627 145,022 131,955 121,008 19,796 10,709 12,683 1,720 1,632 111,622 107,298 119,942 107,652 1,182 1,222 | We found 140 numbers that start with the digit 2. Here they are: 283,667 236,706 2,013,908 218,845 2,013,908 2,981 208,821 206,715 20,982 21,053 2,349 2,898 265,825 260,894 2,381 2,501 21,384 287,209 275,951 25,366 21,408 209,042 209,042 2.28 2.22 209,042 20 290 223,268 223,268 234 234 28,690 28,690 23,455 24,628 24,628 28,475 28,475 28,377 28,377 260,298 24,370 28,003 28,003 269,005 28,651 206 206 28,046 28,046 29,227 27,967 27,967 209,042 23,717 23,065 2,921 288 2,839 226,736 208,520 261,718 2,085 223,507 208,989 2,421 223,927 22,728 28,764 2,473 2,100 286,183 272,828 20,882 22 281 2,972 26 2,981 27,464 27,464 27,464 220,733 250,076 218,845 218,845 218,845 218,845 2,202 2,270 2,676 25.0 254 21 233 2,935 2 24,920 297,606 254,622 218,845 2,466 2,353 283.7 236.7 236,706 283,667 21,154 24,687 214,255 20.1 25.4 21.4 27.1 23.0 24.2 2.2 2,457,001 21,739 22,762 24,958 23,920 20,606 208,102 2 25 2 2,868 2,774 293 293 2,540 2,444 200.0 25,538 208,821 206,715 2,225 2,600 | We found 151 numbers that start with the digit 3. Here they are: 37,171,508 303 357,728 365,828 3,683 31,907 37,320 37,149,529 37,646,374 358,607 350,701 3,958,418 3,374,047 333,369 3,629 34,699 39,776 37,385 33,457 31,512 3,572 3,859 3,835 3,948 371,034 353,799 346 340 37,023 37,527 37,207 37,641 37,109 37,608 37,288 37,696 30,593 30 343 350,701 333,369 34,699 38,077 38,077 348,708 370,342 321 321 36,687 36,687 356,817 358,607 3,629 333,292 327,519 33,450 33,450 335,641 302,455 343 343 344,138 316,524 3,203 38,746 36,515 38,035 35,790 344,925 344,925 372 3,885 36,515 33,866 3 34,222 33,655 38,888 36,764 39,776 37,385 33,360 31,231 33,457 31,512 3,424 3,572 3,302 3,094 322 34,652 34,910 32.8 327.8 3.8 365,828 365,828 365,828 365,828 357,728 357,728 357,728 341,921 3,690 3,465 300 33 324 30 347 32 343 34,404 38,041 39,267 357,728 365,828 38.1 34,878 34,878 34,321 33,866 38,069 38,069 34,321 33,866 3,390 3,845 3,845 30,300 30,200 30,200 37,576 354 3,219 3 35,549 37,023 37,527 37,207 37,641 37,109 37,608 37,288 37,696 380.0 375.0 3 3,873 3,847 3,269 |
| 4's | 5's | 6's |
|---|---|---|
| We found 96 numbers that start with the digit 4. Here they are: 473,299 48,351 47,107 42,019 400,556 4,855,000 41,107,947 41,020,421 451,403 4,387 457 4,051 4.15 4.14 477 407,029 45,251 45,251 451,403 4,241 4,241 40 40 444 444 4,358 4,632 40,590 45,137 4,129 4,802 452,013 436,696 451 49 415 4,838 43.3 48.4 499 499 499 499 445,835 445,835 445,835 445,835 48,351 48,351 48,351 48,351 486,725 489,005 489,005 489,005 489,005 47,107 47,107 47,107 47,107 499 438 4,128 427 487 44 4 47,264 45,762 49,978 49,067 426 427 4,678 4,345 455 455 455 4,333 4,333 49,314 46,961 46,961 41,130 46.2 4.15 4.14 408,112 42,154 429,914 427,688 44,656 41,897 473,299 48,351 47,107 | We found 78 numbers that start with the digit 5. Here they are: 544,478 53,412 58,132 553,284 536,944 59,982 58,431 57,093 55,284 57,430 53,375 5,839 5,850 523 5,842 5.55 5.55 5,045 57 5,045 5,045 581 563 563 57,093 55,284 5,544 5,025 5,795 583 5,150 58,629 57,685 541 5,613 5,525 553,284 536,944 567 5,953 5,003 56,748 56,748 55,473 55,473 55,108 55,108 55,473 597,244 56,460 56,748 55,447 55,108 5 59.0 58.4 58.9 505 529 56,748 55,108 59,324 51,916 557 58,730 5.5 5.0 5 50.0 55 5.55 5.55 5.0 500.0 500.0 5 594,714 544,478 | We found 56 numbers that start with the digit 6. Here they are: 606,667 60,374 68,054 66,872 623,725 636,859 614,693 6,989 6,099 6,953 66,909 68,273 68,176 68,273 63,323 63,156 68,176 68,176 6,915 6,915 64,938 64,938 629 6,665 6,646 611,672 642,774 600,005 646 621 6,046 603.4 606,667 606,667 606,667 614,128 643,764 67,723 64,454 67,224 63,518 600 626 606,667 64,698 66.9 61.0 61.0 67.20 6.1 6.1 66,872 65,997 636,859 614,693 642,774 |
| 7's | 8's | 9's |
|---|---|---|
| We found 46 numbers that start with the digit 7. Here they are: 72,654 7,382 7,362 7,741 71,489 71,489 76 74 71,489 7,696 7,696 76 71,149 71,149 76 750 76 72,615 72,615 7,298 7,298 704 74 74 71,489 71,489 77 74 7,795 79,993 75,268 700,459 76,044 75,583 753 700 77,221 78,304 73,391 7,615 7,940 750.0 749.9 7.2 74,990 700,459 | We found 48 numbers that start with the digit 8. Here they are: 82,584 8,852 85,579 87,055 8,060 8,430 8,430 8,832 8,832 877 8,328 8,328 8,294 8,294 886 8,841 82,217 8,557 8,420 8,995 87,151 84,999 82,568 8,590 888 8,826 8,852 868 88 86 89.4 845 852 8,235 86,145 82,300 84,591 80,746 81,141 8,832 8,294 86 81 81 8,445 8,278 8,731 85,097 | We found 61 numbers that start with the digit 9. Here they are: 982 91,845 98,078 98,744 93,639 92,897 97 95 90,572 90,572 9,525 9,525 940 95 95 963 9,231 9,727 92,640 91,273 97 9,775 9 93 93 99,045 99,045 936 936 936 936 91,845 91,845 91,845 91,845 985,685 985,685 985,685 936 984 99,045 900 90 9,484 9,346 99,045 94,829 9,692 90.3 98,375 98,078 9 97,712 97 98 908 975 9,448 9,006 99,193 92,983 |
While the above MKTX 10Q Filed 11/7/2025 is interesting in isolation, we have found that it is also useful to take a look at older
MARKETAXESS HOLDINGS INC filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a
Benford's Law analysis. Below we repeat the 10Q Filed 11/7/2025 but instead of the chart comparing against the typical company across
our coverage universe, below we show the same chart compared against the typical MKTX 10Q and 10K filings that we have processed
historically. This is followed by similar charts for each of those historical filings.
| 10Q Filed 11/7/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 976 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/24/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,255 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/7/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 664 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 7/27/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 786 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 10/26/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 798 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/23/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,176 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 4/28/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 558 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/6/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 899 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/6/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 927 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/22/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,217 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 4/27/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 603 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 7/27/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 749 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 10/26/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 790 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/19/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,159 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/7/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 654 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/6/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 878 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 10/25/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 843 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/22/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,202 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 4/27/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 567 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 7/27/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 767 ■ = Typical MKTX range from 2/19/2021 to 11/7/2025 | ||||||||||||||||||||||||||||||||||||