MarketAxess Holdings (NASDAQ: MKTX) reported Q4 EPS of $1.37, $0.06 worse than the analyst estimate of $1.43. Revenue for the quarter came in at $165.1 million versus the consensus estimate of $164.03 million.

Guidance for 2022:

For 2022, the Company is providing the following guidance:

• Expenses are expected to be in the range of $385.0 million to $415.0 million. Based on the midpoint of the stated guidance range, operating expenses are expected to increase by approximately 11% in 2022.
• Capital expenditures are expected to be in the range of $58.0 million to $62.0 million and include an expected increase in capitalized software development to support new protocols, products and trading platform enhancements.
• The Company’s overall effective tax rate is expected to be between 24.0% to 26.0% and reflects a lower benefit from estimated excess tax benefits on share-based compensation awards.

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