MarketAxess Holdings (MKTX) Tops Q1 EPS by 2c on Record Revenue

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Go back to MarketAxess Holdings (MKTX) Tops Q1 EPS by 2c on Record Revenue

MarketAxess Reports Record Revenues of $203.2 Million in First Quarter 2023

April 26, 2023 6:30 AM EDT

Record Total Credit ADV of $13.7 Billion, Up 14%; Record Open Trading® ADV of $4.5 Billion, Up 21%

NEW YORK--(BUSINESS WIRE)-- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the first quarter ended March 31, 2023.

Chris Concannon, CEO of MarketAxess, commented:

We executed very well against our growth strategy in the first quarter and delivered 9% revenue growth to a record $203 million, driven by record total credit revenue on a 14% increase in total credit average daily volume to a... More