MarketAxess Holdings (MKTX) Tops Q4 EPS by 5c, Revenues In-Line
Get Alerts MKTX Hot Sheet
EPS Growth %: -6.6%
Financial Fact:
Investment income: 534K
Today's EPS Names:
SHIM, KOD, HEWA, More
Join SI Premium – FREE
MarketAxess Holdings (NASDAQ: MKTX) reported Q4 EPS of $1.21, $0.05 better than the analyst estimate of $1.16. Revenue for the quarter came in at $112.4 million versus the consensus estimate of $112.39 million.
- Revenues of $112.4 million, up 14.1%
- Diluted EPS of $1.21, up 37.5%
- Trading volume of $442.3 billion, up 24.4%
- Record Open Trading™ volume of $117.5 billion, up 96.5%
- Record estimated U.S. high-grade market share of 19.3%, up from 17.6%, and U.S. high-yield market share of 10.9%, up from 6.3%
“The fourth quarter was one of our best quarters ever for year over year market share gains, as well as volume growth in Open Trading™,” said Rick McVey, Chairman and CEO of MarketAxess. “The liquidity pool provided by Open Trading was increasingly valuable as credit spreads widened, leading to record estimated transaction cost savings for our clients of $57 million for the quarter. I am very happy to welcome Chris Concannon to MarketAxess as our President and COO to kick off the new year.”
For earnings history and earnings-related data on MarketAxess Holdings (MKTX) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Can-Fite BioPharma (CANF) Reports FY23 Results, Issues Clinical Update
- VNET Group (VNET) Tops Q4 EPS by 18c, provides guidance
- NRx Pharmaceuticals (NRXP) Reports Prelim FY23 Results
Create E-mail Alert Related Categories
Corporate News, Earnings, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!