earnings
confidence high
sentiment negative
materiality 0.85
MarketAxess Q3 2023 Revenues Flat, Net Income Down 7% to $54.9M; Declares $0.72 Dividend
MARKETAXESS HOLDINGS INC
2023-Q3 EPS reported
$5.01
revenue$555,299,000
- Total revenues of $172.3M flat YoY, operating income $66.9M down 12%.
- Net income $54.9M and diluted EPS $1.46, down 7% and 8% respectively.
- Board declared $0.72 per share quarterly dividend payable Nov 22.
- Record information services revenue $11.8M, up 21.5% on Composite+ adoption.
- Acquisition of Pragma closed Oct 2 to bolster automation and algo strategies.