MarketAxess provides medium-term financial targets

Sees FY26-FY28 average annual total revenue growth 8%-9%. Sees FY26-FY28 average 75-125 basis points per year increase in operating margin. MarketAxess (MKTX) announced medium-term financial targets for the company. The company said, “With our ongoing technology modernization and after a recent comprehensive review of the Company’s strategic outlook by management and the Board of Directors, the Company is introducing the medium-term financial targets below. These targets represent average annual growth rates for the period 2026-2028 on a constant currency basis and assume a constant business portfolio. These targets are also based on minimum average annual composite credit2 market ADV growth of approximately 6%, and minimum average annual U.S. government bond TRACE market ADV growth of approximately 5%.”