Highest-materiality recent filing
MarketAxess Q1 revenue up 12% to record $233M; EPS $2.20, adjusted $2.25; declares $0.78 dividend
Record total revenue $233.4M (+12% YoY); commission revenue $203M (+12%).
MarketAxess sets 8-9% annual revenue growth target, boosts buyback to $505M, plans $300M ASR
Medium-term targets (2026-2028): avg annual total revenue growth 8-9%; operating margin +75-125 bps/year.
MarketAxess Q3 revenue $208.8M (+1% YoY), EPS $1.84 (-3%); U.S. credit share 22.6%
Total revenues $208.8M, up 1% YoY; commission revenue $180.2M flat; services revenue $28.7M record up 9%.
MarketAxess Q2 revenue record $219.5M (+11% YoY); EPS ex-items $2.00 (+16%)
Record total commission revenue $191.8M (+12% YoY); record rates commission +40%, credit +10%.
MarketAxess Q1 GAAP EPS $0.40 on $54.9M tax reserve; adjusted EPS $1.87
GAAP net income $15.1M ($0.40 EPS) vs $73M a year ago; adjusted EPS $1.87 excluding $54.9M tax reserve.
Record full-year revenue $817.1M, up 9% YoY; net income $274.2M, diluted EPS $7.28 (up 6%).
MarketAxess Q3 revenue up 20%, EPS $1.90; Executive Chairman McVey to retire
Q3 revenue $206.7M (+20% YoY), diluted EPS $1.90 (+30%), net income $71.5M.
MarketAxess reports Q2 revenue up 10% to $197.7M; EPS $1.72 vs $1.59
Total revenues $197.7M (+10% YoY); diluted EPS $1.72 vs $1.59, net income $64.9M.
Total revenues $210.3M (+3.5%); diluted EPS $1.92 vs $1.96 in 1Q23; net income $72.6M.
MarketAxess appoints Ilene Fiszel Bieler as CFO effective May 22, 2024
Ilene Fiszel Bieler appointed CFO, starting on/about May 22, 2024, replacing Christopher Gerosa (left Jan 31, 2024).
MarketAxess Q4 revenue up 10.9% to $197M; diluted EPS $1.84 (+16.5%); dividend raised to $0.74/share
Q4 total revenues $197.2M (+10.9% YoY); net income $69.6M (+18%); diluted EPS $1.84 (+16.5%).
MarketAxess CFO Gerosa resigns; CEO Concannon named interim CFO effective Feb 1, 2024
CFO Christopher N. Gerosa resigns effective Jan 31, 2024, to accept a position at another company.
MarketAxess CFO Christopher Gerosa to resign Jan 31, 2024; search initiated
CFO Christopher N. Gerosa will step down effective January 31, 2024, to join a private tech firm in commercial banking.
MarketAxess Q3 2023 Revenues Flat, Net Income Down 7% to $54.9M; Declares $0.72 Dividend
Total revenues of $172.3M flat YoY, operating income $66.9M down 12%.
MarketAxess completes acquisition of Pragma, a quantitative trading technology firm
Acquisition of all outstanding ownership interests in Pragma Financial Systems LLC and Pragma LLC completed on October 2, 2023.
MarketAxess to acquire algorithmic trading provider Pragma for $128M in cash and stock
Total consideration: $75M cash plus $53M in MKTX common stock, subject to customary adjustments.
Total revenues $179.8M (-1.3% YoY) due to low credit spread volatility; operating income $75.7M.
MarketAxess Q1 2023: Record revenue $203M, EPS $1.96, total credit ADV up 14%
Record total revenues $203.2M (+9%); net income $73.6M; diluted EPS $1.96 (+15%).
MarketAxess Q4 revenue $177.9M (+8%), EPS $1.58 (+15%); guides FY23 expenses up ~10%
Q4 total credit ADV $12.0B (+24%); record composite corporate bond market share 20.9% (+210 bps).
Effective April 3, 2023, Chris Concannon (previously President/COO) becomes CEO; Richard McVey becomes Executive Chairman.
MarketAxess Q3 revenue $172.1M (+6%), EPS $1.58, record market share gains
Diluted EPS $1.58 on net income $59.3M, up 4% YoY from $1.52.
MarketAxess Q2 revenue up 3% to $182.2M; record composite corporate bond market share 20.2%
Revenue $182.2M (+3% YoY); diluted EPS $1.78 (incl. $0.11 FX gain); Net income $67M flat.
MarketAxess Q1 revenue down 5% to $186.1M; EPS $1.71; record trading volumes in UST, EM, muni
Revenue $186.1M, down 5% YoY; diluted EPS $1.71 (includes $0.02 negative from tax/other special items).
Q4 revenues $165.1M (-4% YoY); operating income $72.6M (-21%); diluted EPS $1.37 (-28%).
MarketAxess Q3 revenues $162.1M (-1% YoY); EPS $1.52 (-15%); operating margin 45.7%
Revenue $162.1M, down 1.2% YoY; commission revenue $142.8M, down 5.2%.
MarketAxess Q2 revenue down 5%, EPS $1.77 vs $2.20 YoY; dividend $0.66
Revenue $176.3M, down 5% YoY; operating income $87.2M, down 16%; diluted EPS $1.77, down 20% from $2.20.
Charles Li joins board; Gerosa named CFO as DeLise transitions
Charles Li, former CEO of HKEX (2010–2020), elected to board effective July 13, 2021.
On June 2, 2025, MarketAxess Holdings Inc. (the “Company”) appointed Nitin A. Mirwani as its Chief Accounting Officer, effective upon his start date with the Company, which is expected to be June 23, 2025.
Michael R. Cianciulli will cease serving as the Company’s interim principal accounting officer as of the Effective Date, but will continue to serve as the Company’s Head of External Reporting & Compensation Accounting.
On May 21, 2025, MarketAxess Holdings Inc. (the “Company”) announced that it had appointed Dean Berry as its Group Chief Operating Officer and Chief Executive Officer, EMEA & APAC, effective as of his start date.
On January 23, 2025, the Board of Directors (the “ Board ”) of MarketAxess Holdings Inc. (the “ Company ”) elected Roberto Hoornweg to serve on the Company’s Board of Directors, effective March 1, 2025.
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.
the Board elected Mr. Carlos M. Hernandez as Chairman of the Board, effective January 1, 2025.
On April 4, 2024, Richard Prager notified MarketAxess Holdings Inc. (the “Company”) that he will not stand for re-election to the Company’s Board of Directors (the “Board”) when his current term expires following the Company’s 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”) in order to focus on other commitments.
On February 21, 2024, MarketAxess Holdings Inc. (the “Company”) appointed Ilene Fiszel Bieler as Chief Financial Officer of the Company and to act as the Company’s principal financial officer for purposes of the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), effective on her start date with the Company, which is currently expected to be May 22, 2024 (the “Effective Date”).
On January 18, 2024, the Board of Directors (“Board”) of the Company appointed Christopher R. Concannon, Chief Executive Officer of the Company, as interim Chief Financial Officer, effective February 1, 2024.
In addition, on January 18, 2024, the Board appointed Michael R. Cianciulli, the Company’s Head of External Reporting, as interim principal accounting officer of the Company.
On November 6, 2023, MarketAxess Holdings Inc. (the “Company”) was informed by Christopher N. Gerosa, the Company’s Chief Financial Officer, that he will resign from such position effective January 31, 2024, to accept a position with another company.
On November 6, 2023, MarketAxess Holdings Inc. (the “Company”) was informed by Christopher N. Gerosa, the Company’s Chief Financial Officer, that he will resign from such position effective January 31, 2024, to accept a position with another company.
Max materiality 0.85 · Median 0.65 · Most common event earnings