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 ...

Financial Data and Key Metrics Changes - The company reported total revenue of $210 million for Q1 2024, reflecting a 4% increase year-over-year, which includes $8 million from the Pragma acquisition [49] - Earnings per share (EPS) for the quarter was $1.92, with operating expenses tracking towards the low end of the guidance range of $480 million to $500 million for the full year [50][27] - Information services revenue increased by 8% to $12 million, driven by new contracts and strong adoption of data products [25] Business Line Data and Key Metrics Changes - US high-grade commission revenue grew by 8%, while commission revenue in emerging markets, Eurobonds, and municipal bonds reached record levels, offsetting lower US high-yield activity [10] - Trading volume from hedge fund and private bank clients increased by 23% year-over-year, representing 18% of total credit volume, up from 16% [19] - The company experienced record international client trade volume, with trade volume up 13% year-over-year and trade count up 10% [20] Market Data and Key Metrics Changes - Non-US credit revenue reached a record $92 million, accounting for 44% of total revenue [33] - Emerging markets trading volume increased by 15% year-over-year, with local currency trading volumes up by 28% [44] - Open Trading's average daily volume (ADV) was $4.4 billion, representing 34% of total credit volume, down from 37% in the prior year [46] Company Strategy and Development Direction - The company aims to strengthen its position in faster-growing market segments while maintaining leadership in the institutional investor RFQ market [9] - Investments in portfolio trading solutions and enhancements to the X-Pro platform are key strategic focuses to improve trading efficiency and client engagement [13][18] - The company is committed to building a comprehensive client toolkit to address the evolving needs of traders in the credit markets [18] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment with recent trends in estimated market share in US credit but remains optimistic about recovery with normal levels of spread volatility [8][35] - The company anticipates that strong new issuance and increased trading velocity will contribute to a healthy and growing fixed income market [53] - Management highlighted the importance of addressing demand for immediacy and efficiency across all products and market environments [39] Other Important Information - The company repurchased 47,000 shares for a total of $10 million during the quarter, with $90 million remaining on the current Board authorization for buybacks [75] - The effective tax rate for the quarter was 24.9%, and the company paid approximately $110 million in dividends over the trailing 12 months [50][52] Q&A Session Summary Question: Update on portfolio trading and X-Pro rollout - Management noted that X-Pro now accounts for about 16% of total US credit volume and 60% of portfolio trading volume, with plans for broader rollout across all clients [136][135] Question: Competitive landscape for dealer-initiated trading - Management acknowledged the competitive nature of the dealer-initiated trading space and emphasized ongoing efforts to enhance tools and protocols for dealers [62][61] Question: Insights on high-yield market share fluctuations - Management indicated that recent fluctuations in high-yield market share were influenced by lower ETF market maker activity and a lack of engagement from systematic traders [94][93] Question: Progress on Pragma acquisition - Management expressed optimism about the integration of Pragma and its potential to enhance automation and trading solutions for both buy-side and sell-side clients [112][113] Question: Future expectations for portfolio trading - Management expects portfolio trading to remain a significant part of the market, with ongoing enhancements to the X-Pro platform aimed at improving efficiency and client satisfaction [89][88]

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 ...

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 ...

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 ...

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 ...

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 ...

☑ 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 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 ...