earnings
confidence high
sentiment neutral
materiality 0.70
MarketAxess FY2024 revenue record $817M (+9%), EPS $7.28 (+6%); Q4 EPS $1.73; guides 2025 expenses up ~8%
MARKETAXESS HOLDINGS INC
2024-FY EPS reported
$7.28
revenue$817,097,000
- Record full-year revenue $817.1M, up 9% YoY; net income $274.2M, diluted EPS $7.28 (up 6%).
- Q4 revenue $202.4M, diluted EPS $1.73 (down 6% YoY); total expenses $122.4M (+2%).
- Commission revenue growth: emerging markets +18%, Eurobonds +13%, rates +53% in Q4; US high-grade market share fell to 18.4% from 20.9% YoY.
- Board declared $0.76 per share quarterly dividend, payable March 5, 2025 to record Feb 19.
- FY2025 guidance: expenses $505-525M (midpoint ~8% increase), services revenue mid-single-digit growth, capex $65-70M.