MarketAxess(MKTX)

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MarketAxess (MKTX) Q1 Earnings Top Estimates
Zacks Investment Research· 2024-05-07 12:36
MarketAxess (MKTX) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $1.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.78%. A quarter ago, it was expected that this operator of bond trading platforms would post earnings of $1.72 per share when it actually produced earnings of $1.84, delivering a surprise of 6.98%.Over the last four q ...
MarketAxess(MKTX) - 2024 Q1 - Quarterly Results
2024-05-07 10:30
Exhibit 99.1 MarketAxess Reports First Quarter 2024 Financial Results Record Emerging Markets, Eurobonds and Municipal Bonds Quarterly Commission Revenue NEW YORK | May 7, 2024—MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the first quarter ended March 31, 2024. 1Q24 select financial and operational highlights* Chris Concannon, CEO of MarketAxess, commented: "In the first quarter, we delivere ...
Countdown to MarketAxess (MKTX) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Zacks Investment Research· 2024-05-02 14:21
In its upcoming report, MarketAxess (MKTX) is predicted by Wall Street analysts to post quarterly earnings of $1.85 per share, reflecting a decline of 5.6% compared to the same period last year. Revenues are forecasted to be $210.94 million, representing a year-over-year increase of 3.8%.The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial p ...
MarketAxess(MKTX) - 2023 Q4 - Annual Report
2024-02-22 22:22
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Form 10-K For the fiscal year ended December 31, 2023 (Mark One) ☐ 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 HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 52-2230784 (State of incorporation) (IRS ...
MarketAxess(MKTX) - 2023 Q3 - Quarterly Report
2023-10-25 20:42
☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Commission File Number 001-34091 MARKETAXESS HOLDINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...
MarketAxess(MKTX) - 2023 Q3 - Earnings Call Transcript
2023-10-25 18:28
MarketAxess Holdings, Inc. (NASDAQ:MKTX) Q3 2023 Earnings Conference Call October 25, 2023 10:00 AM ET Company Participants Stephen Davidson - Head of Investor Relations Chris Concannon - Chief Executive Officer Richard Schiffman - Global Head of Trading Solutions Christopher Gerosa - Chief Financial Officer Conference Call Participants Christopher Allen - Citigroup Patrick Moley - Piper Sandler Alex Kramm - UBS Benjamin Budish - Barclays Capital Daniel Fannon - Jefferies Brian Bedell - Deutsche Bank Simon ...
MarketAxess(MKTX) - 2023 Q2 - Earnings Call Presentation
2023-08-10 07:52
July 20, 2023 | --- | --- | --- | |---------------------------------------------------------------------------------------------------|-------|-------| | | | | | | | | | Strategic Update and Outlook: Driving Better Trading Outcomes for Clients ❖ Chris Concannon, CEO | | | | --- | --- | |----------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------| | | | ...
MarketAxess(MKTX) - 2023 Q2 - Quarterly Report
2023-07-27 20:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION (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, 2023 Washington, D.C. 20549 FORM 10-Q 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 HOLDINGS INC. | | Trading | | | --- | --- | --- | | Title of each class | Symbol | Name of each exchange on whi ...
MarketAxess(MKTX) - 2023 Q2 - Earnings Call Transcript
2023-07-20 20:13
Financial Data and Key Metrics Changes - The company generated revenue of $180 million for the quarter, with year-to-date revenue of $383 million, representing a 4% increase compared to the prior year [27][33] - Earnings per share (EPS) was reported at $1.59, with net income of $60 million [27][155] - Total commission revenue decreased by 3% in the quarter, while year-to-date figures are running 3% above prior year levels [10][33] - Record information services revenue reached $12 million, up 24% year-over-year, driven by a strong pipeline of new contracts [33] Business Line Data and Key Metrics Changes - Notional volumes in high-grade and high-yield ETFs decreased by 19% and 33% respectively, reflecting reduced trading activity due to lower volatility [6][10] - Auto-X trade volume now represents a record 10% of total credit volume, with trade count at a record 23% of total credit trades [105] - The adoption of automated tools continues to grow, with a record 146 active client firms leveraging automation tools [153] Market Data and Key Metrics Changes - Active client firms trading on the platform reached a record 2,083, with 51% being international clients [7][132] - Eurobond trade volume achieved a record, with a 31% share in Open Trading [133] - Trading volume from hedge fund and private bank clients increased by 36% year-over-year, now representing 17% of total credit volume [132] Company Strategy and Development Direction - The company is focusing on innovation through the launch of proprietary data solutions and the Adaptive Auto-X algorithm to enhance trading outcomes for clients [4][5] - The new trading platform integrates unique data products and various trading protocols, aimed at improving client workflows and trading efficiency [129][130] - The company is optimistic about the fixed income market, anticipating increased inflows as the Fed potentially halts rate hikes [50][145] Management's Comments on Operating Environment and Future Outlook - Management noted that the current low volatility environment has impacted trading activity but expressed confidence in the long-term strategy and growth potential [27][150] - The company is excited about the potential for fixed income investments, especially with the anticipated end to rate hikes [50][145] - Management highlighted the importance of regulatory developments, such as T+1 processing, which could favor electronic trading [53][82] Other Important Information - The company paid out approximately $107 million in quarterly dividends to shareholders [116] - The balance sheet remains solid with cash and investments totaling $506 million and no outstanding debt [156] - The total addressable market has expanded to $7 billion, reflecting significant growth opportunities [151] Q&A Session All Questions and Answers Question: Can you provide insights on the performance of Adaptive Auto-X? - Management indicated that Adaptive Auto-X is in early stages with positive early indications, allowing clients to submit larger parent orders that break into smaller child orders across various protocols [137][138] Question: What are the recent trends in the high-grade business? - Management acknowledged challenges in high-grade market share due to lower volatility and competitive impacts, but noted a year-over-year growth of 13% in portfolio trading [111][150] Question: How is the company interfacing with retail demand? - The company is well-positioned to support retail market growth, particularly through separately managed accounts (SMA) and the Axess IQ platform designed for private wealth firms [91][99]
MarketAxess(MKTX) - 2023 Q1 - Quarterly Report
2023-04-27 20:32
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 March 31, 2023 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 HOLDINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpora ...