MarketAxess (MKTX) Tops Q2 Earnings and Revenue Estimates

Core Insights - MarketAxess (MKTX) reported quarterly earnings of $2 per share, exceeding the Zacks Consensus Estimate of $1.94 per share, and up from $1.72 per share a year ago, representing an earnings surprise of +3.09% [1] - The company achieved revenues of $219.46 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.59% and increasing from $197.66 million year-over-year [2] - MarketAxess has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] Financial Performance - The earnings surprise of +3.09% for the recent quarter follows a previous surprise of +2.75% when the company reported earnings of $1.87 per share against an expectation of $1.82 [1][2] - The current consensus EPS estimate for the upcoming quarter is $1.87, with projected revenues of $217.2 million, and for the current fiscal year, the EPS estimate is $7.50 on revenues of $866.46 million [7] Market Position - Despite the strong earnings report, MarketAxess shares have underperformed the market, losing about 8.1% since the beginning of the year, while the S&P 500 has gained 7.1% [3] - The Zacks Industry Rank places the Financial - Investment Bank sector in the top 5% of over 250 Zacks industries, suggesting a favorable outlook for companies within this sector [8]