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Marketaxess Holdings (MKTX)
NASDAQ:MKTX
US Market
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Marketaxess Holdings (MKTX) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Jan 28, 2026
Before Open (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
1.73
Last Year’s EPS
1.73
Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 07, 2025|
% Change Since:
|
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth outside the U.S. credit market, significant growth in key trading channels, and successful global expansion. However, challenges in U.S. credit revenue, flat commission revenue, and a higher tax rate were notable concerns. The sentiment is impacted by balanced highlights and lowlights.
Company Guidance
During the MarketAxess Third Quarter 2025 Earnings Conference Call, the company highlighted its strategic focus on adapting to challenging market conditions and addressing competitive pressures, particularly in U.S. credit. Revenue for the quarter was $209 million, with a slight year-over-year increase driven by a 10% growth outside of U.S. credit. The company's initiatives resulted in a 10% growth in block trading average daily volume (ADV) across U.S. credit, emerging markets, and Eurobonds, with a 21% increase in October. Portfolio trading ADV grew by 20%, with U.S. high-yield ADV reaching record levels. Market share in U.S. credit portfolio trading rose by 300 basis points. Dealer-initiated ADV increased by 18%, supported by strong growth in Mid-X for Eurobonds and U.S. credit. The company also introduced a new closing auction protocol for the fixed income market, aiming to provide an end-of-day liquidity solution. Despite these advancements, the company acknowledged the need for faster technology enhancements to drive higher revenue growth, while maintaining strong expense control with a full-year expense guidance at the low end of $505 million to $525 million.
Strong Revenue Growth Outside U.S. Credit
Revenue growth outside of U.S. credit was strong at 10%.
Significant Growth in Key Trading Channels
Client-initiated channel saw 10% growth in block trading ADV across U.S. credit, emerging markets, and Eurobonds. Portfolio trading channel saw a 20% increase in total portfolio trading ADV with record U.S. high-yield ADV. Dealer-initiated channel experienced an 18% increase in dealer-initiated ADV.
Launch of New Trading Protocols
Introduction of closing auctions to the fixed income market, expected to provide an end-of-day liquidity solution.
Global Expansion and Diversification
36% of global credit trading volume is now driven by clients outside of North America, up from 29% in 2020.
Improved Cash Flow and Share Repurchase
Generated $385 million in free cash flow over the trailing 12 months and repurchased 595,000 shares year-to-date through October 2025 for a total of $120 million.

Marketaxess Holdings (MKTX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

MKTX Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jan 28, 2026
2025 (Q4)
1.73 / -
1.73
Nov 07, 2025
2025 (Q3)
1.70 / 1.84
1.9-3.16% (-0.06)
Aug 06, 2025
2025 (Q2)
1.96 / 2.00
1.7216.28% (+0.28)
May 07, 2025
2025 (Q1)
1.81 / 1.87
1.92-2.60% (-0.05)
Feb 06, 2025
2024 (Q4)
1.68 / 1.73
1.84-5.98% (-0.11)
Nov 06, 2024
2024 (Q3)
1.84 / 1.90
1.4630.14% (+0.44)
Aug 06, 2024
2024 (Q2)
1.68 / 1.72
1.598.18% (+0.13)
May 07, 2024
2024 (Q1)
1.87 / 1.92
1.96-2.04% (-0.04)
Jan 31, 2024
2023 (Q4)
1.73 / 1.84
1.5816.46% (+0.26)
Oct 25, 2023
2023 (Q3)
1.46 / 1.46
1.58-7.59% (-0.12)
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

MKTX Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 07, 2025
$165.75$167.27+0.92%
Aug 06, 2025
$206.96$186.04-10.11%
May 07, 2025
$227.17$226.44-0.32%
Feb 06, 2025
$195.82$199.02+1.63%
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.

FAQ

When does Marketaxess Holdings (MKTX) report earnings?
Marketaxess Holdings (MKTX) is schdueled to report earning on Jan 28, 2026, Before Open (Confirmed).
    What is Marketaxess Holdings (MKTX) earnings time?
    Marketaxess Holdings (MKTX) earnings time is at Jan 28, 2026, Before Open (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 (Q4) is 1.73.
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