earnings
confidence high
sentiment positive
materiality 0.75
MarketAxess Q1 2023: Record revenue $203M, EPS $1.96, total credit ADV up 14%
MARKETAXESS HOLDINGS INC
2023-Q1 EPS reported
$1.96
revenue$203,169,000
- Record total revenues $203.2M (+9%); net income $73.6M; diluted EPS $1.96 (+15%).
- Total credit ADV record $13.7B (+14%); Open Trading ADV record $4.5B (+21%); trade count +27%.
- Estimated market share gains: high-yield +310 bps, Eurobonds +380 bps, muni bonds +210 bps.
- Board declared $0.72/share quarterly dividend, payable May 24, 2023 to holders of record May 10.
- Record information services revenue $11.0M (+12%); expenses +10% on headcount investment.