MKTX · Financials
MARKETAXESS HOLDINGS INC
Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window
10-Q · 2026-08-07
- Liquidity and Debt PositionImportance 81 · Surprise 64Cash, cash equivalents, corporate bonds and U.S. Treasury investments totaled $404.8 million as of June 30, 2026, with investments generally consisting of investment-grade, short- to intermediate-term securities.…
- Net Income and ProfitabilityImportance 77 · Surprise 82Six-month net income increased 69.8% to $146.4 million from $86.2 million, and diluted earnings per share increased 78.8% to $4.13 from $2.31. Six-month net income available to common stockholders increased 69.3% to…
- Income Tax Rate ChangesImportance 77 · Surprise 82The second-quarter income tax provision decreased 18.3% to $21.4 million from $26.2 million, and the effective tax rate declined to 23.9% from 26.9%. The six-month tax provision decreased 56.0% to $47.2 million from…
- Trading Volume and FeesImportance 69 · Surprise 64Six-month total trading volume increased 1.0% to $5.714 trillion, led by 8.6% credit-volume growth, while second-quarter total volume declined 12.0% to $2.666 trillion because rates volume fell 18.6%. Six-month…
- Market Demand TrendsImportance 59 · Surprise 48In the first six months of 2026, estimated market volumes increased in most of MarketAxess’s key fixed-income markets, supported by event-driven volatility and elevated primary issuance. Six-month credit trading volume…
- Capital Return ProgramImportance 58 · Surprise 42The Board authorized a $200.0 million 2024 Repurchase Program in August 2024 and an additional $400.0 million 2025 Repurchase Program in December 2025. The Company entered into a $300.0 million accelerated share…
- Other Income (Expense), NetImportance 57 · Surprise 64Total other income declined $10.5 million, or 78.6%, to $2.8 million for the six months ended June 30, 2026, from $13.3 million in 2025. Interest income decreased $4.1 million, or 31.3%, because of lower yields…
- Liquidity and Capital OutlookImportance 56 · Surprise 24Management expects current cash and investment balances, operating cash flows and borrowing capacity under the Credit Agreement to cover liquidity needs and planned capital expenditures for at least the next twelve…
- Self-Clearing Liquidity RequirementsImportance 56 · Surprise 24Operating subsidiaries supporting self-clearing can borrow up to $500.0 million on an uncommitted, collateralized basis from a settlement bank, although no borrowings were outstanding at June 30, 2026. Self-clearing…
- Outstanding IndebtednessImportance 54 · Surprise 40The Company’s Credit Agreement provides $750.0 million of aggregate commitments and matures February 2, 2029. Borrowings under the facility were $112.0 million as of June 30, 2026, with $637.9 million of available…
- Revenue Performance and MixImportance 49 · Surprise 32Six-month revenue increased 5.6% year over year to $451.8 million from $428.0 million, while second-quarter revenue decreased 0.5% to $218.4 million from $219.5 million. Six-month commissions rose 4.6% to $390.4…
- Regulatory Capital RequirementsImportance 49 · Surprise 6The Company’s U.S. broker-dealer subsidiary is subject to SEC, FINRA and CFTC requirements, while certain foreign subsidiaries are regulated by the U.K. FCA or other foreign regulators. At June 30, 2026, all regulated…
- Operating Expense TrendsImportance 47 · Surprise 14Total expenses increased $13.2 million, or 5.3%, to $261.0 million for the six months ended June 30, 2026, from $247.8 million in the prior-year period. Employee compensation and benefits rose $5.2 million, or 4.1%,…
- Treasury Central ClearingImportance 47 · Surprise 60The SEC adopted final rules requiring central clearing of certain secondary-market transactions involving U.S. Treasury securities. The rules are currently scheduled to become effective for certain cash-market…
- TRACE Affiliate Reporting RuleImportance 44 · Surprise 60In July 2026, the SEC approved a FINRA proposal requiring member firms to identify and flag certain affiliate back-to-back trade reports in TRACE. FINRA will provide at least 12 months’ notice before mandatory…
- Operating Income and MarginsImportance 42 · Surprise 14Six-month operating income increased 5.9% to $190.8 million from $180.2 million, while second-quarter operating income decreased 2.2% to $89.9 million from $91.9 million. The six-month operating margin was…
- Products and TechnologyImportance 31 · Surprise 42MarketAxess’s X-Pro platform combines multiple trading protocols, workflow tools, proprietary pre- and post-trade analytics, and the AI-driven CP+ pricing engine. Open Trading provides an anonymous all-to-all liquidity…
- AI Trading Technology InvestmentImportance 31 · Surprise 42MarketAxess is continuing technology investment through its X-Pro next-generation trading platform and CP+ AI-driven pricing engine. The platform integrates multiple trading protocols, workflow tools, proprietary pre-…
- Competition and Market ShareImportance 29 · Surprise 24MarketAxess faces competition from telephone and electronic broker-dealer trading, multi-dealer and all-to-all platforms, and platforms developed or backed by broker-dealer clients. Demand for portfolio trading…
- UK-EU Regulatory DivergenceImportance 29 · Surprise 24MarketAxess provides regulated services in the European Union through subsidiaries authorized by the AFM in the Netherlands. Brexit has produced continuing divergence between U.K. and E.U. financial regulations,…
- Cybersecurity InvestmentImportance 29 · Surprise 24MarketAxess reports that it has not experienced a cybersecurity threat or incident materially affecting the company during at least the past three years as of the filing date. Nevertheless, management states that…
- Interest Rate EnvironmentImportance 25 · Surprise 32MarketAxess states that fixed-income trading volumes are affected by the current interest-rate environment, rate volatility and investors’ forecasts for future rates in the United States, Europe and elsewhere. Interest…
- Foreign Currency ImpactImportance 20 · Surprise 24Other, net decreased by $1.5 million because the Company recorded foreign-currency transaction losses in the six months ended June 30, 2026, compared with transaction gains in the prior-year period. Exchange-rate…
- Quarterly Dividend DeclarationImportance 19 · Surprise 6In July 2026, the Board approved a quarterly cash dividend of $0.78 per share. The dividend is payable September 2, 2026, to stockholders of record at the close of business on August 19, 2026. Future dividend…
- Trade Policy and TariffsImportance 17 · Surprise 24Management identifies recent and potential future changes in tariffs, international trade agreements and trade policies in the United States, Europe and other markets as factors that can materially affect fixed-income…
News · 2026-08-07
- Revenue Performance and MixImportance 25 · Surprise 32MarketAxess reported second-quarter 2026 revenue of $218.4 million and diluted EPS of $1.93. Second-quarter total revenue and net income decreased slightly year over year, while year-to-date revenue increased 5.6%.…
News · 2026-08-06
- ICE Acquisition and Merger LitigationImportance 91 · Surprise 92Intercontinental Exchange has proposed acquiring MarketAxess for approximately $6 billion, with shareholders receiving $167.00 in cash per share. Multiple law firms, including Brodsky & Smith, Monteverde & Associates,…
News · 2026-08-05
- ICE Acquisition and Merger LitigationImportance 91 · Surprise 92Intercontinental Exchange has proposed acquiring MarketAxess for approximately $6 billion, with shareholders receiving $167.00 in cash per share. Multiple law firms, including Brodsky & Smith, Monteverde & Associates,…
News · 2026-08-04
- ICE Acquisition and Merger LitigationImportance 91 · Surprise 92Intercontinental Exchange has proposed acquiring MarketAxess for approximately $6 billion, with shareholders receiving $167.00 in cash per share. Multiple law firms, including Brodsky & Smith, Monteverde & Associates,…