---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-270945"
form_type: "8-K"
ticker: "MKTX"
cik: "0001278021"
company_name: "MARKETAXESS HOLDINGS INC"
filed_at: "2025-11-07T23:59:59+00:00"
generated_at: "2026-05-16T22:57:03.785486+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MarketAxess Q3 revenue $208.8M (+1% YoY), EPS $1.84 (-3%); U.S. credit share 22.6%

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-270945
- form_type: 8-K
- ticker: MKTX
- cik: 0001278021
- company_name: MARKETAXESS HOLDINGS INC
- filed_at: 2025-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1278021/000119312525270945/0001193125-25-270945-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1278021/000119312525270945/mktx-20251107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-270945
- JSON: https://secwatch.observer/filing/0001193125-25-270945.json
- Plain text: https://secwatch.observer/filing/0001193125-25-270945.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.