MKTX · 10-Q · 2026Q2 · Full report

Revenue Performance and Mix

MARKETAXESS HOLDINGS INC · 2026-08-07 · Importance 49 · Surprise 32 · No source text

Six-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 million, but commissions declined 2.5% in the second quarter to $186.9 million as credit fee pressure and lower rates volume offset other commission growth. Information services revenue increased 17.5% to $30.5 million for the six months and 23.0% to $16.1 million for the second quarter, primarily from net new contract revenue. Information services increased its revenue mix from 6.1% to 6.8% for the six months and from 6.0% to 7.4% for the quarter, while commissions declined from 87.2% to 86.4% and from 87.4% to 85.6%, respectively.

Key facts

• Revenues for the three months ended June 30, 2026: $218,415 (thousands). source
• Total revenues for the six months ended June 30, 2026: $451,795 (thousands). source
• Commissions for the three months ended June 30, 2026: $186,895 (thousands), representing 85.6% of revenues. source
• Total commissions for the six months ended June 30, 2026: $390,366 (thousands), representing 86.4% of revenues. source
• Information services revenue for the three months ended June 30, 2026: $16,094 (thousands), representing 7.4% of revenues. source
• Post-trade services revenue for the three months ended June 30, 2026: $11,598 (thousands), representing 5.3% of revenues. source
• Information services revenue for the six months ended June 30, 2026: $30,539 (thousands), representing 6.8% of revenues. source
• Revenues for the three months ended June 30, 2025: $219,462 (thousands). source

Impact estimates