MarketAxess Q1 revenues up 3.5% to $210.3M; diluted EPS $1.92; record international results offset high-yield weakness

MARKETAXESS HOLDINGS INC

2024-Q1 EPS reported $1.92 revenue$210,318,000

Total revenues $210.3M (+3.5%); diluted EPS $1.92 vs $1.96 in 1Q23; net income $72.6M.
Record emerging markets, Eurobonds and municipal bonds commission revenue; U.S. high-grade commission revenue +8.0%.
U.S. high-yield commission revenue -28.2% on low credit spread volatility; estimated market share fell to 12.9% from 18.3%.
Quarterly dividend of $0.74/share declared, payable June 5 to holders of record May 22.
Full-year 2024 operating expense guidance tracking to low end of $480M-$500M range.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MARKETAXESS HOLDINGS INC reported first quarter ended March 31, 2024 results: revenue $210.3 million, net income $72.6 million, EPS $1.92.

Period: first quarter ended March 31, 2024
Revenue: $210.3 million
Net income: $72.6 million
EPS: $1.92
Result: reported results

Exact text from the filing

for fixed-income securities, today announced financial results for the first quarter ended March 31, 2024. 1Q24 select financial and operational highlights* • Total revenues of $210.3 million , up 3.5% , includes Pragma revenues of $7.5 million and an increase of approximately $0.8 million from the impact of foreign currency fluctuations. — Strong growth in U.S.

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Source: SEC EDGAR

accession 0001193125-24-132524

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