MarketAxess Q3 Earnings Beat on Strong Credit Trading Volumes

MarketAxess Holdings Inc. (MKTX) has reported third-quarter 2024 earnings per share of $1.90, which surpassed the Zacks Consensus Estimate by 4.4%. The bottom line grew 30.1% year over year.Total revenues of $206.7 million rose 20% year over year. The top line surpassed the consensus mark by a whisker.The strong quarterly results were driven by improving U.S. high-grade, emerging markets and Eurobonds commission revenues. Higher service revenues added to the upside. Geographic expansion and product diversif ...