The earnings call highlighted strong financial performance and growth in strategic areas, including record trading volumes and significant increases in strategic channels. However, challenges in maintaining market share in the U.S. high-grade segment and fee capture present hurdles. Overall, the positives of record performance and strategic growth initiatives slightly outweigh the negatives.

Company Guidance -

Q3 2025

During the MarketAxess Second Quarter 2025 Earnings Conference Call, the company provided detailed guidance on various performance metrics and strategic initiatives. MarketAxess reported a 10% revenue growth, excluding foreign exchange impacts, driven by record trading volumes across most product areas. Total credit trading volume surpassed $1 trillion, and total rates trading volume reached $2 trillion, resulting in a 12% increase in commission revenue to $192 million. The firm also noted strong progress with its block trading, portfolio trading, and dealer-initiated channels, with block trading average daily volume (ADV) growing by 38%, portfolio trading ADV by 69%, and dealer-initiated ADV by 40%. Operating expenses were managed with a 5% increase, excluding notable items and FX, while the company engaged in strategic hires to enhance product delivery. The call highlighted a disappointing July market share in U.S. high-grade, attributed to macroeconomic factors, but emphasized ongoing efforts to expand market share through new initiatives and technological enhancements.

Record Trading Volumes

Surpassed $1 trillion in total credit trading volume and delivered a record $2 trillion in total rates trading volume, driving a 12% increase in commission revenue to a record $192 million.

Significant Growth in Strategic Channels

38% growth in block trading ADV across U.S. credit, emerging markets, and Eurobonds. Portfolio trading ADV increased by 69%, and dealer-initiated ADV rose by 40%.

Strong Financial Performance

11% revenue growth to a record $219 million, with a 16% increase in diluted earnings per share to $2, excluding notable items.

Expansion in U.S. Government Bond Business

10% of trading volume now represented by the rates algo, driven by new hedging services, new customers, and institutional client adoption.

International Growth

Emerging markets and Eurobonds saw 20% total volume growth, leading to 17% commission revenue growth in these areas.

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

Daily Earnings Calendar >

MKTX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 15, 2025	2025 (Q3)	1.80 / -	1.9	―	―	―
Aug 06, 2025	2025 (Q2)	1.96 / 2.00	1.72	16.28% (+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	1.46	30.14% (+0.44)
Aug 06, 2024	2024 (Q2)	1.68 / 1.72	1.59	8.18% (+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	1.58	16.46% (+0.26)
Oct 25, 2023	2023 (Q3)	1.46 / 1.46	1.58	-7.59% (-0.12)
Jul 20, 2023	2023 (Q2)	1.57 / 1.59	1.78	-10.67% (-0.19)

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
Aug 06, 2025	$207.81	$186.80	-10.11%
May 07, 2025	$228.10	$227.36	-0.32%
Feb 06, 2025	$196.62	$199.84	+1.64%
Nov 06, 2024	$276.34	$272.10	-1.53%

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 Oct 15, 2025, Before Open (Confirmed).

What is Marketaxess Holdings (MKTX) earnings time?

Marketaxess Holdings (MKTX) earnings time is at Oct 15, 2025, 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 (Q3) is 1.81.

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