Marketaxess ( (MKTX) ) has released its Q4 earnings. Here is a breakdown of the information Marketaxess presented to its investors.
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MarketAxess Holdings Inc. operates a prominent electronic trading platform specializing in fixed-income securities, connecting over 2,000 firms globally with advanced trading solutions and data offerings. The company’s unique strength lies in its award-winning Open Trading marketplace, widely recognized in the global credit markets.
In its latest earnings report, MarketAxess showcased a record full-year revenue of $817 million in 2024, marking a 9% increase from the previous year. The company also reported robust growth in commission revenue across various product areas, particularly in emerging markets and Eurobonds. The fourth quarter reflected total revenues of $202.4 million, alongside a strong diluted EPS of $1.73.
A key highlight for the year was the impressive 53% increase in rates commission revenue and a 15% growth in emerging markets and Eurobonds commission revenue. Additionally, the company achieved record services revenue, driven by information, post-trade, and technology services, which benefited from the inclusion of Pragma. Meanwhile, the company faced a decline in U.S. high-yield commission revenue due to low credit spread volatility.
Looking ahead, MarketAxess plans to continue its momentum into 2025 by focusing on key initiatives across three market channels: client-initiated, portfolio trading, and dealer-initiated channels. The company’s strategic efforts are expected to enhance market share growth and deliver long-term value to shareholders, reflecting a positive outlook from its management.
