earnings
confidence high
sentiment negative
materiality 0.70
MarketAxess Q2 revenue down 5%, EPS $1.77 vs $2.20 YoY; dividend $0.66
MARKETAXESS HOLDINGS INC
2021-Q2 EPS reported
$3.87
revenue$371,798,000
- Revenue $176.3M, down 5% YoY; operating income $87.2M, down 16%; diluted EPS $1.77, down 20% from $2.20.
- Commission revenue $156.4M, down 9.1% YoY; U.S. high-grade market share 21.1% vs 21.5% a year ago.
- Estimated U.S. credit TRACE trading volume decreased 18.7% YoY; emerging market volume up 11% despite market volumes down 17%.
- Board declared $0.66 quarterly dividend, payable Aug 18 to holders of record Aug 4.
- Expenses up 10.5% to $89.2M, partly from MuniBrokers and Regulatory Reporting Hub acquisitions.