earnings
confidence high
sentiment positive
materiality 0.80
MarketAxess Q4 revenue $177.9M (+8%), EPS $1.58 (+15%); guides FY23 expenses up ~10%
MARKETAXESS HOLDINGS INC
2022-FY EPS reported
$6.65
revenue$718,300,000
- Q4 total credit ADV $12.0B (+24%); record composite corporate bond market share 20.9% (+210 bps).
- Record estimated market share gains: high-yield +500 bps, Eurobonds +500 bps, municipals +260 bps.
- Open Trading at record 38% of credit volume; Q4 estimated price improvement $246M.
- Full-year record revenue $718.3M (+3%); record total trading ADV +24%; active firms up 10% to 2,068.
- Quarterly dividend $0.72/share declared; FY23 expense guidance $418-446M (+10% at midpoint).