meshaphoto MarketAxess: Global Credit Trading Platform, But Valuation Appears Fair Given Recent Market Share Trends MarketAxess (NASDAQ:MKTX) operates a global credit trading platform and also offers rates trading, data and post-trade solutions to its clients. MKTX has benefited from the electronification of global credit markets. However, in recent years, its market share growth has come under pressure. The company continues to be at the center of this cyclical shift in the markets but given the recent sha ...

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) ...

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) 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 ...

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 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 ...

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 ...

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 Holdings Inc. (MKTX) reported first-quarter 2024 earnings per share of $1.92, which surpassed the Zacks Consensus Estimate by 3.8%. Yet, the bottom line slipped 2% year over year.Total revenues of $210 million rose 4% year over year. However, the top line fell short of the consensus mark by a whisker.The 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”) of emerging m ...

MarketAxess (MKTX) reported $210.32 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 3.5%. EPS of $1.92 for the same period compares to $1.96 a year ago.The reported revenue represents a surprise of -0.29% over the Zacks Consensus Estimate of $210.94 million. With the consensus EPS estimate being $1.85, the EPS surprise was +3.78%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...