MKTX · 10-Q · 2026Q2 · Full report

Other Income (Expense), Net

MARKETAXESS HOLDINGS INC · 2026-08-07 · Importance 57 · Surprise 64 · In source text

Total 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 following central-bank rate cuts and lower average cash balances. Interest expense increased $4.4 million because the Company borrowed under its credit facility and used cash on hand to fund the $300.0 million accelerated share repurchase. Other net expense was $1.4 million, driven primarily by foreign-currency transaction losses compared with foreign-currency transaction gains in the prior-year period.

Key facts

• Interest expense for the three months ended June 30, 2026: $(1,862) (thousands) compared to $(139) for the prior year period (increase of $1,723, NM). source
• Interest expense increased $4.4 million (six months ended June 30, 2026 vs 2025), primarily due to borrowings on the Company’s credit facility used to fund the ASR source
• Total other income (expense) for the three months ended June 30, 2026: $(115) (thousands) versus $5,552 for the prior year period (decrease of $5,667, 102.1%). source
• Interest income for the three months ended June 30, 2026: $4,692 (thousands), a 20.9% decrease versus $5,930 for the prior year period. source
• Six months ended June 30, 2026 Interest income: $9,000 (thousands) source
• Six months ended June 30, 2025 Interest income: $13,099 (thousands) source
• Six months ended June 30, 2025 Total other income (expense): $13,324 (thousands) source
• Six months ended June 30, 2026 Interest expense: $(4,750) (thousands) source

Impact estimates