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MarketAxess(MKTX) - 2024 Q2 - Quarterly Report
2024-08-06 21:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34091 | --- | --- | |------------------------------------------------------------------------------------------------------------ ...
MarketAxess (MKTX) Q2 Earnings Beat on Higher Commissions
ZACKS· 2024-08-06 19:41
MarketAxess Holdings Inc. (MKTX) reported second-quarter 2024 earnings per share of $1.72, which surpassed the Zacks Consensus Estimate by 1.8%. The bottom line grew 5.5% year over year. Total revenues of $197.7 million rose 10% year over year. The top line fell short of the consensus mark of $198 million. The better-than-expected quarterly results were driven by a solid improvement in U.S. high-grade commission revenues. Geographic expansion and product diversification drove the average daily volume (ADV) ...
Compared to Estimates, MarketAxess (MKTX) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-08-06 14:36
MarketAxess (MKTX) reported $197.66 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 9.9%. EPS of $1.72 for the same period compares to $1.63 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $198.26 million, representing a surprise of -0.30%. The company delivered an EPS surprise of +1.78%, with the consensus EPS estimate being $1.69. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...
MarketAxess (MKTX) Q2 Earnings Surpass Estimates
ZACKS· 2024-08-06 12:35
MarketAxess (MKTX) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.63 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.78%. A quarter ago, it was expected that this operator of bond trading platforms would post earnings of $1.85 per share when it actually produced earnings of $1.92, delivering a surprise of 3.78%. Over the last four ...
MarketAxess(MKTX) - 2024 Q2 - Quarterly Results
2024-08-06 10:30
Exhibit 99.1 MarketAxess Reports Second Quarter 2024 Financial Results Revenue Growth of 10% Driven by Growth in Total Credit ADV and Pragma Revenues Second Strongest Quarter for Total Credit ADV with Strong Growth Across Most Products Record Eurobonds ADV, Portfolio Trading Volume and Muni Bond Estimated Market Share Board Increases Share Repurchase Authorization to $250 Million NEW YORK | August 6, 2024 - MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for f ...
MarketAxess (MKTX) Earnings Expected to Grow: Should You Buy?
ZACKS· 2024-07-11 15:07
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. The consensus EPS estimate for the quarter has been revised 2.4% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Thus, a positive ...
MarketAxess (MKTX) Unveils New Trading Tool for Tax-Exempt Munis
ZACKS· 2024-06-14 18:20
MarketAxess Holdings Inc. (MKTX) recently announced the execution of the first portfolio trade for taxexempt municipal bonds, which took place earlier this month between a large asset manager and a bank. The new portfolio trading for tax-exempt municipal bonds is expected to bring certainty of execution and unparalleled efficiency for traders dealing with municipal bonds. With this new tool, clients can send lists to a single dealer or multiple parties, negotiate price movements and execute trades discreetl ...
MarketAxess May Be The Future
seekingalpha.com· 2024-05-27 22:37
What's the first image that comes to mind when prompted with the word "market"? It might be your online brokerage website, the stock pages of a newspaper's business section, the hectic trading floor of the New York Stock Exchange, or the even more hectic souks of Marrakesh (stay away from the aggressive watch salesmen!). For anyone with more than a few years of experience in the financial markets, you'll have observed much modernization in the way markets function. I'm old enough to remember buying my first ...
MarketAxess(MKTX) - 2024 Q1 - Quarterly Report
2024-05-07 20:42
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Commission File Number 001-34091 MARKETAXESS HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 52-2230784 (State or other juris ...
MarketAxess(MKTX) - 2024 Q1 - Earnings Call Transcript
2024-05-07 20:17
MarketAxess Holdings, Inc. (NASDAQ:MKTX) Q1 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Company Participants Stephen Davidson - Head of Investor Relations Christopher Concannon - Chief Executive Officer and Interim Chief Financial Officer Richard Schiffman - Global Head of Trading Solutions Conference Call Participants Christopher Allen - Citi Alex Kramm - UBS Patrick Moley - Piper Sandler Kyle Voigt - KBW Daniel Fannon - Jefferies Jeff Schmitt - William Blair Brian Bedell - Deutsche Bank Michael ...