MarketAxess Q3 revenue up 20%, EPS $1.90; Executive Chairman McVey to retire

MARKETAXESS HOLDINGS INC

2024-Q3 EPS reported $5.55 revenue$614,693,000

Q3 revenue $206.7M (+20% YoY), diluted EPS $1.90 (+30%), net income $71.5M.
Record credit portfolio trading ADV $1.1B (+163% YoY); U.S. high-grade market share 19.5% (down 50bps YoY but up 80bps QoQ).
Executive Chairman Rick McVey to retire Dec 31, 2024; Carlos Hernandez elected Chairman effective Jan 1, 2025.
Quarterly dividend $0.74/share, payable Dec 4, 2024 to holders of record Nov 20, 2024.

item 2.02 item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Richard M. McVey

Executive Chairman

MKTX · MARKETAXESS HOLDINGS INC

Effective: 2024-12-31
Successor: Carlos M. Hernandez
Filed: November 6, 2024, 6:59 PM ET

On November 6, 2024, the Company announced that, on November 4, 2024, Mr. Richard M. McVey, our Executive Chairman of the Board of Directors (the “ Board ”), informed the Board that he will retire from his position and as a member of the Board, effective December 31, 2024.

Appointed

Carlos M. Hernandez

Chairman of the Board

MKTX · MARKETAXESS HOLDINGS INC

Effective: 2025-01-01
Filed: November 6, 2024, 6:59 PM ET

the Board elected Mr. Carlos M. Hernandez as Chairman of the Board, effective January 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard M. McVey retired as Executive Chairman at MARKETAXESS HOLDINGS INC.

Action: retired
Role: Executive Chairman

Exact text from the filing

On November 6, 2024, the Company announced that, on November 4, 2024, Mr. Richard M. McVey, our Executive Chairman of the Board of Directors (the “ Board ”), informed the Board that he will retire from his position and as a member of the Board, effective December 31, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Carlos M. Hernandez was elected as Chairman of the Board at MARKETAXESS HOLDINGS INC.

Action: elected
Role: Chairman of the Board

Exact text from the filing

the Board elected Mr. Carlos M. Hernandez as Chairman of the Board, effective January 1, 2025.

View on SEC.gov

MARKETAXESS HOLDINGS INC filing history →

Source: SEC EDGAR

accession 0001193125-24-251660

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