MarketAxess Holdings (MKTX) Tops Q4 EPS by 5c, Revenues In-Line

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.

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