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Marketaxess Holdings (MKTX)
NASDAQ:MKTX
Earnings Data
Report Date
Jul 16, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.96Last Year’s EPS
1.72Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: -0.32%
|Next Earnings Date:Jul 16, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted several strong areas of growth, particularly in emerging markets, automation, and portfolio trading, along with successful share repurchases. However, challenges remain, including a decline in U.S. credit commission revenue and a slight overall revenue decrease. The establishment of a new tax reserve also adds financial uncertainty.Company Guidance
In the MarketAxess first quarter 2025 earnings call, CEO Chris Concannon highlighted significant achievements driven by strategic initiatives and technological investments. The company recorded a single-day trading record of $102 billion in U.S. government bonds on April 9, bolstered by increased client use of rates algorithms with a 97% passive execution rate. Total trading ADV reached a record $57 billion in April, with U.S. credit and rates growing 32% and 93% year-over-year, respectively. The firm also saw a 42% increase in municipal bonds ADV, and dealer RFQ and Mid-X ADV reached a record $1.9 billion, up 45%. Despite a 2% decrease in total revenue to $209 million, MarketAxess achieved 7% growth in services revenue and maintained expense growth at 2%. The company also announced plans to roll out an enhanced RFQ solution and a high-touch block trading solution, aiming to further capture market share and adapt to the evolving trading environment.Strong Growth in U.S. Government Bonds
Achieved a single-day trading record of $102 billion on April 9, with clients leveraging rates algos to execute $36 billion or 11% of the week's trading volume.
Record International and New Product Revenue
Record commission revenue in international and new product areas, including emerging markets, municipals, and U.S. government bonds.
Growth in Automation and Algo Usage
Record trade volumes of $110 billion, up 17%, with 249 active automation clients and 80 clients enabled for the Algo suite, up 25% from the prior year.
Strong Portfolio and Dealer-Initiated Trading
Record total Portfolio Trading (PT) ADV of $1.3 billion and record U.S. credit PT ADV of $1.1 billion. Dealer RFQ and Mid-X ADV was a record $1.9 billion, representing a 45% increase.
Increase in Market Volatility Driving Record Trading ADV
Trading ADV grew 68% year-over-year to a record $57 billion, with a 32% growth in total credit ADV and 93% growth in total rates ADV.
Successful Share Repurchase Program
Repurchased 251,000 shares year-to-date for a total of $52 million, with $173 million remaining on the board authorization.
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MKTX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MKTX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 07, 2025 | $228.88 | $228.14 | -0.32% |
| Feb 06, 2025 | $197.29 | $200.52 | +1.64% |
| Nov 06, 2024 | $277.29 | $273.04 | -1.53% |
| Aug 06, 2024 | $220.70 | $232.27 | +5.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Marketaxess Holdings (MKTX) report earnings?
Marketaxess Holdings (MKTX) is schdueled to report earning on Jul 16, 2025, TBA Not Confirmed.
What is Marketaxess Holdings (MKTX) earnings time?
Marketaxess Holdings (MKTX) earnings time is at Jul 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MKTX EPS forecast?
MKTX EPS forecast for the fiscal quarter 2025 (Q2) is 1.96.
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