Cash and Cash Equivalents and Restricted Cash (Tables)

12 Months Ended

Dec. 31, 2025

Cash and Cash Equivalents [Abstract]

Summary of Reconciliation of Cash and Cash Equivalents with Restricted or Segregated Cash

The following table provides a reconciliation of cash and cash equivalents together with restricted or segregated cash as reported within the Consolidated Statements of Financial Condition to the sum of the same such amounts shown in the Consolidated Statements of Cash Flows:


		As of December 31,
	Statement of Financial Condition Location	2025		2024		2023
		(In thousands)
Cash and cash equivalents	Cash and cash equivalents	$	519,734	$	544,478	$	451,280
Cash segregated for regulatory purposes	Cash segregated under federal regulations		48,722		47,107		45,122
Restricted cash deposits with clearing organizations and broker-dealers	Receivables from broker-dealers, clearing organizations and customers		107,223		107,652		115,151
Other restricted cash deposits	Prepaid expenses and other assets		172		1,222		119
Total		$	675,851	$	700,459	$	611,672

MARKETAXESS HOLDINGS INC 10-K