MarketAxess (MKTX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
MarketAxess leads in electronic bond trading, with new products like X-Pro and Open Trading driving renewed growth and market share gains. Despite increased competition and recent slower revenue growth, MKTX's innovative offerings and strong customer service position it well for future expansion. Financially robust, MKTX boasts strong free cash flow, a debt-free balance sheet, and a 15-year streak of rising dividends, supporting shareholder value.
MKTX tops $1T in Q2 credit trades with strong fixed-income volumes, but fees per million take a hit from mix shifts.
MKTX launches e-trading for IGBs, easing access for global FPIs and expanding its EM footprint.
The move will likely give MKTX more direct influence over RFQ-hub's operations and potential revenue streams.
MarketAxess Holdings Inc. (NASDAQ:MKTX ) Q1 2025 Earnings Call May 7, 2025 10:00 AM ET Company Participants Steve Davidson - Head, Investor Relations Chris Concannon - Chief Executive Officer Ilene Fiszel Bieler - Chief Financial Officer Conference Call Participants Chris Allen - Citi Alex Kramm - UBS Kyle Voigt - KBW Michael Cyprys - Morgan Stanley Alex Blostein - Goldman Sachs Jeff Schmitt - William Blair Patrick Moley - Piper Sandler Chris O'Brien - Barclays Brian Bedell - Deutsche Bank Operator Ladies and gentlemen, thank you for standing by. Welcome to the MarketAxess First Quarter 2025 Earnings Conference Call.
MKTX returns $38.1 million to shareholders in the first quarter via share buybacks.
The headline numbers for MarketAxess (MKTX) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
MarketAxess (MKTX) came out with quarterly earnings of $1.87 per share, beating the Zacks Consensus Estimate of $1.82 per share. This compares to earnings of $1.92 per share a year ago.
MKTX's first-quarter earnings are likely to have witnessed growing expenses and Eurobonds trading volumes.
Besides Wall Street's top -and-bottom-line estimates for MarketAxess (MKTX), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2025.
MarketAxess (MKTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.