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Marketaxess Holdings (MKTX)
NASDAQ:MKTX
Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.8Last Year’s EPS
1.92Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -3.79%
|Next Earnings Date:Apr 16, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook for MarketAxess with multiple records and growth in various segments, despite challenges in the U.S. high-grade market share and a decline in U.S. high yield activity.Company Guidance
During the MarketAxess earnings call for the fourth quarter and full year 2024, several key metrics and strategic initiatives were highlighted. The company reported a 9% growth in revenue, with record commission and services revenue. Portfolio trading average daily volume (ADV) reached record levels, with notable increases in U.S. high-grade portfolio trading market share. The trading ADV in the rates business grew significantly, from $2.9 billion per day in Q1 to $11.4 billion in Q4 2024. The company also experienced a 175% increase in portfolio trading ADV in emerging markets compared to 2023. For 2025, MarketAxess expects mid-single-digit growth in total services revenue and projects total expenses to range between $505 million and $525 million. The effective tax rate is anticipated to be between 23.5% and 24.5%, with capital expenditures estimated at $65 million to $70 million. The company's focus for 2025 is on delivering and executing their high-touch block solution and enhancing their dealer solutions to drive market share growth.Record Revenue Growth
MarketAxess reported a 9% growth in revenue for 2024, marking the strongest annual revenue growth rate since 2020, with record commission revenue and record services revenue.
Portfolio Trading and High-Touch Strategy
Record levels of portfolio trading ADV were achieved in 2024, with significant market share gains in U.S. high-grade portfolio trading.
Expansion in Trading Volume
Record total PT ADV of over $900 million and record U.S. credit PT ADV of $800 million with record market share of 16% in portfolio trading.
Strong Growth in International Products
International product ADV reached a record $5 billion, up 17%, including record local markets ADV of over $1.4 billion, up 18%.
Technology Services Revenue Growth
Technology Services revenue increased by 41%, driven by higher Pragma-related license fees.
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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 |
|---|---|---|---|
| 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% |
| May 07, 2024 | $203.07 | $198.23 | -2.38% |
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 Apr 16, 2025, TBA Not Confirmed.
What is Marketaxess Holdings (MKTX) earnings time?
Marketaxess Holdings (MKTX) earnings time is at Apr 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 (Q1) is 1.8.
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