earnings
confidence high
sentiment neutral
materiality 0.70
MarketAxess Q3 revenue $208.8M (+1% YoY), EPS $1.84 (-3%); U.S. credit share 22.6%
MARKETAXESS HOLDINGS INC
2025-Q3 EPS reported
$4.14
revenue$636,859,000
- Total revenues $208.8M, up 1% YoY; commission revenue $180.2M flat; services revenue $28.7M record up 9%.
- Diluted EPS $1.84, down 3% YoY from $1.90; net income $68M, down 4%.
- Record U.S. credit portfolio trading ADV $1.1B, up 16% YoY; estimated market share 22.6%.
- Declared quarterly dividend $0.76/share, payable Dec 3, 2025 to holders of record Nov 19.
- CEO cites lower volatility and tighter credit spreads dampening U.S. credit market share and revenue growth.
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