MarketAxess Holdings Inc. (MKTX) vs StepStone Group Inc. (STEP)

A side-by-side comparison of MarketAxess Holdings Inc. and StepStone Group Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total return — MKTX vs STEP

growth of $100 · dividends reinvested · last 6y
MKTX -61.9% (-14.8%/yr)STEP +114.8% (+13.6%/yr)STEP compounded faster over this window
Log scale — wide-divergence pair
101001kStart $100202120222023202420252026$38$215
MKTX STEP

MKTX vs STEP: by the numbers

  • •STEP is the larger company ($5.87B vs $5.78B market cap).
  • •MKTX is profitable (35.23% net margin) while STEP runs a net loss (-30.53%).
  • •STEP grew revenue faster over the past five years (11.65% vs 4.21% CAGR).
  • •STEP pays the higher dividend yield (3.79% vs 1.89%).

Metrics side by side

Valuation

MetricMKTXSTEP
P/E ratio19.35N/A
Forward P/E20.6618.41
P/S ratio6.642.92
P/B ratio4.66N/A

Profitability

MetricMKTXSTEP
Gross margin67.52%51.00%
Operating margin40.51%-58.22%
Net margin35.23%-30.53%
ROE24.73%N/A

Dividends

MetricMKTXSTEP
Dividend yield1.89%3.79%
Payout ratio36.56%N/A

Growth (annualized)

MetricMKTXSTEP
Revenue CAGR (5Y)4.21%11.65%
EPS CAGR (5Y)-3.62%N/A
Total return CAGR (5Y)-16.50%5.29%

Frequently asked

Which has grown faster, MKTX or STEP?
Over the past five years, STEP grew revenue faster — MKTX at a 4.21% CAGR versus STEP at 11.65%.
Does MKTX or STEP pay a bigger dividend?
MKTX yields 1.89% and STEP yields 3.79% based on trailing dividends and the latest price.
Is MKTX or STEP more profitable?
MKTX runs the higher net margin — MKTX at 35.23% versus STEP at -30.53%.
How have MKTX and STEP total returns compared?
Over the past 5 years, MKTX delivered -16.50% and STEP delivered 5.29% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.