MarketAxess Holdings (NASDAQ: MKTX) reported Q3 EPS of $1.78, $0.04 better than the analyst estimate of $1.74. Revenue for the quarter came in at $164 million versus the consensus estimate of $161.42 million.

Third Quarter Financial Highlights*

• Revenues of $164.0 million, up 25%
• Operating income of $87.8 million, up 33%
• Operating margin of 53.5%, up from 50.1%
• Net income of $67.8 million, up 26%
• Diluted EPS of $1.78, up 25% from $1.42
• Record Estimated U.S. high-grade market share of 22.2%, up from 20.2%
• Record Estimated U.S. high-yield market share of 16.0%, up from 11.9%

“It is gratifying to see the strength in market share trends and Open Trading volumes in spite of the return to more normal credit market conditions in the third quarter,” said Rick McVey, Chairman and CEO of MarketAxess. “Trading automation and lower transaction costs on MarketAxess are driving a sustainable change in trading behavior among institutional market participants. Market share gains fueled strong revenue and earnings growth with higher operating margins during the quarter.”

For earnings history and earnings-related data on MarketAxess Holdings (MKTX) click here.