earnings
confidence high
sentiment neutral
materiality 0.70
MarketAxess Q2 revenue up 3% to $182.2M; record composite corporate bond market share 20.2%
MARKETAXESS HOLDINGS INC
2022-Q2 EPS reported
$3.49
revenue$368,286,000
- Revenue $182.2M (+3% YoY); diluted EPS $1.78 (incl. $0.11 FX gain); Net income $67M flat.
- Record composite corporate bond estimated market share 20.2% (up from 17.8%); combined U.S. high-grade/high-yield 20.9%.
- Total trading ADV $35.4B (+43%); credit ADV $12.3B (+15%); U.S. Treasury ADV $22.7B (+64%).
- Total expenses $97.4M (+9%); EBITDA $105.2M (margin 57.7%); reaffirmed FY22 expense/capex guidance.
- Declared $0.70 quarterly dividend payable Aug 17; repurchased 178,801 shares for $48.7M.