MarketAxess (MKTX) Q2 Earnings Beat on Higher Commissions

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) ...