• MarketAxess Holdings average price to free cash flow ratio for 2023 was 39.23, a 7.98% decline from 2022.
• MarketAxess Holdings average price to free cash flow ratio for 2022 was 42.63, a 40.19% decline from 2021.
• MarketAxess Holdings average price to free cash flow ratio for 2021 was 71.28, a 22.39% decline from 2020.

Price to free cash flow ratio can be defined as