earnings
confidence high
sentiment positive
materiality 0.70
MarketAxess reports Q2 revenue up 10% to $197.7M; EPS $1.72 vs $1.59
MARKETAXESS HOLDINGS INC
2024-Q2 EPS reported
$3.64
revenue$407,978,000
- Total revenues $197.7M (+10% YoY); diluted EPS $1.72 vs $1.59, net income $64.9M.
- Total credit ADV $13.7B (+12%); record portfolio trading volume $55.0B (+143% YoY); Eurobonds ADV record.
- Services revenue up 22% to $26.0M, including record information services and Pragma $2.9M.
- Board declared $0.74 quarterly dividend payable Sept 4; new $200M share repurchase authorization (plus $50M remaining).
- U.S. high-grade market share 18.7% (down 200bps); high-yield 13.5% (down 300bps); muni share record 7.4% (+200bps).