MarketAxess (MKTX) Surpasses Q3 Earnings and Revenue Estimates

Group 1: Earnings Performance - MarketAxess reported quarterly earnings of $1.84 per share, exceeding the Zacks Consensus Estimate of $1.69 per share, but down from $1.90 per share a year ago, representing an earnings surprise of +8.88% [1] - The company posted revenues of $208.82 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.17%, compared to $206.71 million in the same quarter last year [2] Group 2: Stock Performance and Outlook - MarketAxess shares have declined approximately 26.7% since the beginning of the year, contrasting with the S&P 500's gain of 14.3% [3] - The current consensus EPS estimate for the upcoming quarter is $1.75 on revenues of $214.94 million, and for the current fiscal year, it is $7.24 on revenues of $852.89 million [7] Group 3: Industry Context - The Financial - Investment Bank industry, to which MarketAxess belongs, is currently ranked in the top 11% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]