Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: PYPL stock price vs MKTX: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at MKTX's multiple
Needs MKTX P/E.
Implied fair value · at PYPL's multiple
Needs PYPL P/E.
Metric by metric
Price unavailable
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: PYPL FY 2025 (ended Dec 31, 2025) · MKTX FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Complete market value, debt and cash evidence is required for enterprise value.
Complete market value, debt and cash evidence is required for enterprise value.
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
PayPal Holdings, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
MARKETAXESS HOLDINGS INC · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.49x
0.19x
Net debt / EBITDA
Leverage against operating earnings
-0.06x
-1.19x
Cash and equivalents
Liquid reserves on the balance sheet
$10.42B
$690.41M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe PYPL can sustain mid-single-digit growth while preserving its current margin profile, then PYPL looks attractive to accumulate because it trades at a large discount to MKTX on every major valuation multiple.
PYPL trades at a clear discount to MKTX on P/E, P/S, EV/EBITDA, and EV/Revenue, despite being much larger and growing slightly faster. The current price of $55.85 is well below the $91.47 P/E-implied value and also below the low end of MKTX-implied range.
Supporting Metrics
