MarketAxess is poised for a 54% return by 2028, driven by market volatility, strong market position, and structural tailwinds in electronic fixed-income trading. The company benefits from increased demand for electronic trading, data, and analytics, disrupting traditional bond trading methods and enhancing efficiency and transparency. Despite recent headwinds and competitive pressures, MarketAxess' unmatched network, innovative products, and strong financial position provide a durable competitive advantage.
MKTX experiences significant growth from the impact of single-dealer portfolio trades.
MKTX remains well-poised for growth on the back of improved trading volumes, a well-established Open Trading platform and sufficient cash generation abilities.
MarketAxess Holdings Inc. (NASDAQ:MKTX ) Q4 2024 Earnings Conference Call February 6, 2025 10:30 AM ET Company Participants Steve Davidson – Head of Investor Relations Chris Concannon – Chief Executive Officer Rich Schiffman – Global Head of Trading Solutions Ilene Fiszel Bieler – Chief Financial Officer Conference Call Participants Chris Allen – Citi Dan Fannon – Jefferies Benjamin Budish – Barclays Kyle Voigt – KBW Alex Blostein – Goldman Sachs Jeff Schmitt – William Blair Eli Abboud – Bank of America Michael Cyprys – Morgan Stanley Simon Clinch – Redburn Atlantic Operator Ladies and gentlemen, thank you for standing by. Welcome to the MarketAxess Fourth Quarter and Full Year 2024 Earnings Conference Call.
MKTX's fourth-quarter results reflect solid trading volumes in Eurobonds and emerging markets, driving commission revenues. Elevated marketing and advertising expenses partially offset the results.
Bond trading platform MarketAxess Holdings reported a 6% decline in fourth-quarter profit on Thursday, partly due to an unrealized loss on its U.S. Treasury investments.
MarketAxess (MKTX) came out with quarterly earnings of $1.73 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.84 per share a year ago.
Evaluate the expected performance of MarketAxess (MKTX) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
MKTX's fourth-quarter earnings are likely to have benefited from growing total trading volume and commissions.
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.
MKTX faces challenges like declining market share and high valuation. Yet, strong trading volumes, partnerships and growth potential make it worth holding on to.
MarketAxess closed 2024 with a 6% rise in total credit ADV, driven by strong gains in emerging markets and Eurobonds, despite challenges in U.S. high-yield trading.