{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-114350","form_type":"8-K","ticker":"MKTX","cik":"0001278021","company_name":"MARKETAXESS HOLDINGS INC","filed_at":"2025-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.820512+00:00","generated_at":"2026-05-22T07:13:31.656490+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MarketAxess Q1 GAAP EPS $0.40 on $54.9M tax reserve; adjusted EPS $1.87","bullets":["GAAP net income $15.1M ($0.40 EPS) vs $73M a year ago; adjusted EPS $1.87 excluding $54.9M tax reserve.","Total revenues $208.6M (-1% YoY); credit commissions $169.1M (-3%); record services revenue $27.2M (+7%).","Record total ADV: Open Trading $4.8B (+8%), portfolio trading $1.3B (+78%), EM/eurobond block trading +22%/+68%.","Effective tax rate 84.3% due to reserve; FY2025 GAAP tax rate guided to 41-42% (prior 23.5-24.5%).","Board declared $0.76/share quarterly dividend payable June 4, 2025 to holders of record May 21, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-114350","json":"https://secwatch.observer/filing/0001193125-25-114350.json","markdown":"https://secwatch.observer/filing/0001193125-25-114350.md","text":"https://secwatch.observer/filing/0001193125-25-114350.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1278021/000119312525114350/0001193125-25-114350-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1278021/000119312525114350/d783694d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T07:13:31.656490+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}