MarketAxess Holdings

MKTX

Market cap $5.95B

The futures are trading higher after NVIDIA Inc. (NASDAQ: NVDA) blew out its fiscal third-quarter results and offered strong forward guidance, though perhaps not as robust as Wall Street had hoped.

MarketAxess delivered a solid quarter, beating revenue and EPS estimates despite ongoing weakness in U.S. credit market demand. MKTX is making progress with market share gains, expanding service revenues, and early traction in auctions and automation, positioning for a stronger 2026. The company maintains a fortress balance sheet, robust free cash flow, and consistent dividend growth, but faces risks from low volatility and rising competition.

MarketAxess Holdings Inc. ( MKTX ) Q3 2025 Earnings Call November 7, 2025 11:00 AM EST Company Participants Stephen Davidson - Head of Investor Relations Christopher Concannon - CEO & Director Ilene Bieler - Chief Financial Officer Conference Call Participants Christopher Allen - Citigroup Inc., Research Division Patrick Moley - Piper Sandler & Co., Research Division Alex Kramm - UBS Investment Bank, Research Division Christopher O'Brien - Barclays Bank PLC, Research Division Michael Cyprys - Morgan Stanley, Research Division Simon Alistair Clinch - Rothschild & Co Redburn, Research Division Jeffrey Schmitt - William Blair & Company L.L.C., Research Division Ritwik Roy - Jefferies LLC, Research Division Elias Abboud - BofA Securities, Research Division Patrick O'Shaughnessy - Raymond James & Associates, Inc., Research Division Presentation Operator Ladies and gentlemen, thank you for standing by.

MKTX posts Q3 EPS of $1.84, beating estimates as emerging markets and Eurobonds volumes lift revenues despite higher expenses.

While the top- and bottom-line numbers for MarketAxess (MKTX) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

MarketAxess (MKTX) came out with quarterly earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.9 per share a year ago.

NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the third quarter ended September 30, 2025. 3Q25 select financial and operational highlights* Total revenues of $208.8 million increased 1%, and included an increase of approximately $1.3 million from the impact of foreign currency fluctuations. Total commission revenue of $180.2 million was in line with the.

MKTX faces lower transaction fees and weaker trading volumes, clouding expectations ahead of its third-quarter earnings release.

NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million (“FPM”) for October 2025.1 Select October 2025 Highlights* (See tables 1-1C and table 2) Our new initiatives continued to show solid year-over-year progress across the client-initiated, portfolio trading and dealer-initiated channels. Client-Initiated Channel 21.

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