earnings
confidence high
sentiment neutral
materiality 0.65
MarketAxess Q2 revenue down 1.3% to $179.8M; EPS $1.59 vs $1.78 YoY; records in emerging markets and Eurobonds
MARKETAXESS HOLDINGS INC
2023-Q2 EPS reported
$3.55
revenue$383,015,000
- Total revenues $179.8M (-1.3% YoY) due to low credit spread volatility; operating income $75.7M.
- Diluted EPS $1.59 (from $1.78); net income $59.9M (-10% YoY).
- Record emerging markets estimated market share; Eurobonds record ADV $1.9B and market share 18.4% (+330 bps).
- Record information services revenue $11.7M (+24%) from Composite+ adoption.
- Board declared $0.72/share quarterly dividend, payable Aug 16, 2023; full-year guidance reaffirmed.