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Complete financial analysis of MarketAxess Holdings Inc. (MKTX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of MarketAxess Holdings Inc., a leading company in the Financial – Capital Markets industry within the Financial Services sector.
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MarketAxess Holdings Inc. (MKTX)
About MarketAxess Holdings Inc.
MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed income securities. The company, through its Open Trading protocols, executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds. It also offers trading-related products and services, including composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services to optimize trading environments. In addition, the company provides various pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 752.55M | 718.30M | 698.95M | 689.13M | 511.35M | 435.57M | 397.47M | 369.92M | 303.10M | 262.77M | 238.73M | 198.20M | 181.10M | 146.23M | 114.44M | 93.09M | 93.64M | 83.32M | 78.56M | 75.80M | 58.46M | 18.70M | 6.60M |
| Cost of Revenue | 269.63M | 182.10M | 170.92M | 156.89M | 131.08M | 109.12M | 102.75M | 96.79M | 83.86M | 75.00M | 64.41M | 60.36M | 58.79M | 74.93M | 61.84M | 55.01M | 53.79M | 49.78M | 43.89M | 39.55M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 482.92M | 536.20M | 528.04M | 532.24M | 380.27M | 326.45M | 294.72M | 273.13M | 219.24M | 187.78M | 174.33M | 137.84M | 122.31M | 71.30M | 52.60M | 38.07M | 39.85M | 33.53M | 34.67M | 36.25M | 58.46M | 18.70M | 6.60M |
| Gross Profit Ratio | 64.17% | 74.65% | 75.55% | 77.23% | 74.37% | 74.95% | 74.15% | 73.84% | 72.33% | 71.46% | 73.02% | 69.55% | 67.54% | 48.76% | 45.96% | 40.90% | 42.56% | 40.25% | 44.13% | 47.82% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 6.70M | 0.48 | 0.54 | 0.50 | 0.50 | 0.51 | 0.52 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 69.19M | 120.23M | 112.22M | 92.52M | 79.66M | 70.92M | 58.12M | 54.76M | 46.65M | 46.10M | 48.29M | 37.45M | 90.70M | 10.96M | 74.72M | 6.41M | 13.53M | 16.43M | 6.62M | 4.26M | 39.87M | 24.29M | 6.15M |
| Selling & Marketing | 11.05M | 9.98M | 9.06M | 7.94M | 11.56M | 12.11M | 9.76M | 8.93M | 6.15M | 5.77M | 4.63M | 5.47M | 4.88M | 3.08M | 2.88M | 2.78M | 1.91M | 1.77M | 2.58M | 2.53M | 2.29M | 2.59M | 1.78M |
| SG&A | 80.24M | 130.21M | 121.28M | 100.46M | 91.22M | 83.03M | 67.88M | 63.69M | 52.80M | 51.86M | 52.92M | 42.92M | 95.59M | 14.04M | 77.60M | 9.19M | 1.91M | 1.77M | 9.20M | 6.79M | 42.16M | 26.88M | 7.93M |
| Other Expenses | 87.66M | 79.11M | 69.52M | 57.05M | 38.17M | -610.00K | 25.07M | 17.84M | 18.54M | 17.38M | 14.12M | 8.23M | 6.78M | 6.35M | 6.79M | 7.88M | 74.49M | 72.94M | 57.80M | 0.00 | 11.89M | 0.00 | 63.76M |
| Operating Expenses | 167.90M | 209.32M | 190.80M | 157.51M | 129.39M | 113.86M | 92.95M | 81.53M | 71.34M | 69.24M | 67.05M | 51.16M | 102.37M | 20.39M | 84.39M | 80.25M | 76.39M | 74.71M | 67.00M | 58.48M | 54.06M | -28.57M | 71.69M |
| Cost & Expenses | 437.53M | 391.42M | 361.72M | 314.40M | 260.47M | 222.98M | 195.70M | 178.32M | 155.20M | 144.24M | 131.45M | 111.52M | 102.37M | 95.32M | 84.39M | 80.25M | 76.39M | 74.71M | 67.00M | 58.48M | 54.06M | -28.57M | 71.69M |
| Interest Income | 22.43M | 5.04M | 401.00K | 2.45M | 8.06M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.06M | 0.00 | 0.00 | 1.22M | 0.00 | 5.24M | 4.60M | 3.16M | 0.00 | 371.13K | 742.49K | 0.00 |
| Interest Expense | 1.98M | 700.00K | 842.00K | 1.14M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 76.41M | 391.89M | 363.77M | 314.40M | 260.47M | 222.98M | 195.70M | 178.32M | 18.54M | 17.38M | 14.12M | 8.23M | 6.78M | 6.35M | 6.79M | 7.88M | 7.17M | 6.73M | 4.61M | 3.47M | 4.69M | 6.83M | 5.13M |
| EBITDA | 395.10M | 393.97M | 397.51M | 417.57M | 284.28M | 241.17M | 221.04M | 209.44M | 166.44M | 135.92M | 121.40M | 94.92M | 85.51M | 57.26M | 36.84M | 20.71M | 24.42M | 15.33M | 16.17M | 20.78M | 9.09M | -30.09M | -59.97M |
| EBITDA Ratio | 52.50% | 55.75% | 55.48% | 59.36% | 52.74% | 52.70% | 55.61% | 56.62% | 54.91% | 51.72% | 50.85% | 47.89% | 47.22% | 39.16% | 32.19% | 22.25% | 26.08% | 18.40% | 20.58% | 27.42% | 15.55% | 285.69% | -908.90% |
| Operating Income | 315.02M | 326.88M | 337.24M | 374.73M | 250.88M | 212.58M | 201.77M | 191.60M | 147.90M | 118.54M | 107.28M | 86.69M | 78.73M | 50.91M | 30.05M | 12.83M | 17.25M | 8.60M | 11.56M | 17.32M | 4.40M | 47.27M | -65.10M |
| Operating Income Ratio | 41.86% | 45.51% | 48.25% | 54.38% | 49.06% | 48.81% | 50.76% | 51.80% | 48.80% | 45.11% | 44.94% | 43.74% | 43.48% | 34.82% | 26.26% | 13.79% | 18.42% | 10.33% | 14.72% | 22.85% | 7.53% | 252.78% | -986.60% |
| Total Other Income/Expenses | 17.68M | 11.41M | -3.31M | -369.00K | 6.54M | 5.50M | -25.07M | -17.84M | 0.00 | -16.48M | -15.32M | -2.68M | -6.78M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -4.56M | 0.00 | 0.00 | 84.70M | 0.00 |
| Income Before Tax | 332.70M | 338.29M | 333.92M | 374.36M | 257.42M | 218.09M | 201.77M | 191.60M | 147.90M | 118.54M | 107.28M | 86.69M | 78.73M | 50.91M | 30.05M | 12.83M | 17.25M | 8.60M | 11.56M | 17.32M | 4.40M | 47.95M | -65.10M |
| Income Before Tax Ratio | 44.21% | 47.10% | 47.77% | 54.32% | 50.34% | 50.07% | 50.76% | 51.80% | 48.80% | 45.11% | 44.94% | 43.74% | 43.48% | 34.82% | 26.26% | 13.79% | 18.42% | 10.33% | 14.72% | 22.85% | 7.53% | 256.39% | -986.60% |
| Income Tax Expense | 74.65M | 88.06M | 76.04M | 74.98M | 52.52M | 45.23M | 53.68M | 65.43M | 51.86M | 43.73M | 38.72M | 26.62M | 31.03M | 19.48M | 13.95M | 4.94M | 6.93M | 3.18M | 3.42M | -41.33M | 189.50K | 83.35M | 0.00 |
| Net Income | 258.06M | 250.22M | 257.89M | 299.38M | 204.90M | 172.85M | 148.09M | 126.17M | 96.04M | 74.81M | 76.02M | 60.07M | 47.70M | 31.43M | 16.10M | 7.90M | 10.32M | 5.42M | 8.14M | 58.65M | 4.21M | -36.08M | -65.10M |
| Net Income Ratio | 34.29% | 34.84% | 36.90% | 43.44% | 40.07% | 39.68% | 37.26% | 34.11% | 31.69% | 28.47% | 31.84% | 30.31% | 26.34% | 21.49% | 14.07% | 8.49% | 11.02% | 6.51% | 10.36% | 77.37% | 7.21% | -192.90% | -986.60% |
| EPS | 6.87 | 6.68 | 6.88 | 8.01 | 5.53 | 4.68 | 4.02 | 3.42 | 2.62 | 2.03 | 2.06 | 1.65 | 1.29 | 0.86 | 0.44 | 0.23 | 0.32 | 0.18 | 0.29 | 6.76 | -2.20 | -10.92 | -21.01 |
| EPS Diluted | 6.85 | 6.65 | 6.77 | 7.85 | 5.40 | 4.57 | 3.89 | 3.34 | 2.55 | 1.97 | 2.01 | 1.59 | 1.20 | 0.80 | 0.42 | 0.22 | 0.30 | 0.15 | 0.23 | 1.88 | -2.20 | -1.21 | -21.01 |
| Weighted Avg Shares Out | 37.55M | 37.47M | 37.51M | 37.36M | 37.08M | 36.96M | 36.86M | 36.84M | 36.69M | 36.93M | 36.89M | 36.52M | 37.01M | 33.16M | 33.26M | 32.83M | 32.29M | 30.56M | 28.16M | 7.10M | 3.29M | 3.30M | 3.10M |
| Weighted Avg Shares Out (Dil) | 37.65M | 37.64M | 38.10M | 38.14M | 37.96M | 37.86M | 38.04M | 37.74M | 37.64M | 37.89M | 37.89M | 37.82M | 39.61M | 39.05M | 38.08M | 35.74M | 34.45M | 35.08M | 35.51M | 30.64M | 3.29M | 29.92M | 3.10M |
MarketAxess Q3 Earnings Beat on Strong Credit Trading Volumes
MKTX's third-quarter results benefit from higher commissions, driven by improved trading volumes. Higher expenses partially offset the results.
MarketAxess Holdings Inc. (MKTX) Q3 2024 Earnings Conference Call Transcript
MarketAxess Holdings Inc. (NASDAQ:MKTX ) Q3 2024 Earnings Conference Call November 6, 2024 10:00 AM ET Company Participants Steve Davidson - Head, IR Chris Concannon - CEO Rich Schiffman - Global Head, Trading Solutions Ilene Fiszel Bieler - CFO Conference...
Compared to Estimates, MarketAxess (MKTX) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for MarketAxess (MKTX) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
MarketAxess (MKTX) Q3 Earnings and Revenues Surpass Estimates
MarketAxess (MKTX) came out with quarterly earnings of $1.90 per share, beating the Zacks Consensus Estimate of $1.82 per share. This compares to earnings of $1.46 per share a year ago.
MarketAxess beats quarterly profit estimates on robust bond trading
Bond trading platform MarketAxess Holdings beat third-quarter profit estimates on Wednesday, helped by strong activity in the bond market.
MarketAxess Reports Third Quarter 2024 Financial Results
NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the third quarter ended September 30, 2024. 3Q24 select financial and operational highlights* 20% increase in total...
Rick McVey to Retire from MarketAxess
NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced that Founder and Executive Chairman Rick McVey will retire at the end of the year. Carlos Hernandez will succeed Mr....
MarketAxess Announces Trading Volume Statistics for October
NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million (“FPM”) for October 2024.1 Chris Concannon, CEO of MarketAxess, commented: “We...
MarketAxess Stock Before Q3 Earnings: Buy Now or Wait for Results?
MKTX's third-quarter earnings are likely to have benefited from growing trading volumes and increased utilization of its product suite.
Curious about MarketAxess (MKTX) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for MarketAxess (MKTX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Source: https://incomestatements.info
Category: Stock Reports