MarketAxess (MKTX) Q4 Earnings Beat Estimates

Core Viewpoint - MarketAxess reported quarterly earnings of $1.68 per share, exceeding the Zacks Consensus Estimate of $1.66 per share, but down from $1.73 per share a year ago, indicating an earnings surprise of +1.45% [1] Financial Performance - The company posted revenues of $209.41 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 1.55%, compared to $202.4 million in the same quarter last year [2] - Over the last four quarters, MarketAxess has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Stock Performance - MarketAxess shares have declined approximately 10.2% since the beginning of the year, while the S&P 500 has only decreased by 0.7% [3] - The current Zacks Rank for MarketAxess is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $2.06 on revenues of $229.07 million, and for the current fiscal year, it is $8.08 on revenues of $914.6 million [7] - The estimate revisions trend for MarketAxess was mixed ahead of the earnings release, which could change following the recent report [6] Industry Context - The Financial - Investment Bank industry, to which MarketAxess belongs, is currently in the top 17% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - The performance of MarketAxess may be influenced by the overall industry outlook [8]