Zacks Research Expects Reduced Earnings for MarketAxess

MarketAxess Holdings Inc. (NASDAQ:MKTX) – Zacks Research decreased their Q3 2026 earnings per share estimates for MarketAxess in a report released on Thursday, August 13th. Zacks Research analyst Team now expects that the financial services provider will post earnings of $1.94 per share for the quarter, down from their prior estimate of $1.98. The consensus estimate for MarketAxess’ current full-year earnings is $8.05 per share. Zacks Research also issued estimates for MarketAxess’ Q4 2026 earnings at $1.84 EPS, FY2026 earnings at $7.98 EPS, Q1 2027 earnings at $2.31 EPS, Q2 2027 earnings at $2.12 EPS, Q3 2027 earnings at $2.11 EPS, Q4 2027 earnings at $2.02 EPS, FY2027 earnings at $8.56 EPS, Q1 2028 earnings at $2.34 EPS, Q2 2028 earnings at $2.24 EPS and FY2028 earnings at $8.98 EPS.

Several other analysts have also commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MarketAxess in a report on Monday, August 3rd. Piper Sandler dropped their price target on shares of MarketAxess from $175.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, July 15th. Bank of America raised MarketAxess from an “underperform” rating to a “neutral” rating and set a $170.00 price target on the stock in a report on Friday, June 12th. Morgan Stanley dropped their price target on MarketAxess from $195.00 to $129.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Finally, Wall Street Zen cut shares of MarketAxess from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $156.10.

MarketAxess Price Performance

NASDAQ MKTX opened at $162.60 on Friday. The stock has a 50-day moving average of $126.60 and a 200 day moving average of $151.01. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.17 and a current ratio of 2.17. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 4.12 and a beta of 0.83. MarketAxess has a one year low of $108.75 and a one year high of $195.96.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.85 by $0.10. The company had revenue of $218.41 million for the quarter, compared to the consensus estimate of $216.70 million. MarketAxess had a net margin of 35.22% and a return on equity of 22.48%. MarketAxess’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.00 EPS.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Algert Global LLC boosted its position in MarketAxess by 478.2% in the 2nd quarter. Algert Global LLC now owns 112,400 shares of the financial services provider’s stock valued at $12,756,000 after buying an additional 92,960 shares during the period. Cibc World Market Inc. bought a new stake in MarketAxess during the 2nd quarter valued at $8,885,000. Sanctuary Advisors LLC bought a new position in shares of MarketAxess during the 2nd quarter worth $1,325,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of MarketAxess in the second quarter valued at about $21,184,000. Finally, Globeflex Capital L P purchased a new position in MarketAxess during the 2nd quarter valued at about $156,000. 99.01% of the stock is currently owned by institutional investors.

MarketAxess Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. MarketAxess’s dividend payout ratio is 36.79%.

More MarketAxess News

Here are the key news stories impacting MarketAxess this week:

• Positive Sentiment: Zacks Research raised its Q1 2027 EPS estimate to $2.31 from $2.27, indicating that some near-term earnings expectations remain constructive. However, this increase was outweighed by reductions in several other periods.
• Neutral Sentiment: Keefe, Bruyette & Woods reiterated a “Market Perform” rating, while the broader analyst consensus remains around “Hold,” suggesting limited conviction for significant additional upside. Keefe, Bruyette & Woods Reiterates Market Perform Rating for MarketAxess
• Negative Sentiment: Zacks Research lowered estimates across multiple periods: Q3 and Q4 2026 EPS were cut to $1.94 and $1.84, respectively, bringing its FY2026 forecast to $7.98 from $8.01, slightly below the $8.05 consensus. FY2027 EPS fell to $8.56 from $8.70, and FY2028 EPS dropped to $8.98 from $9.49. Estimates for Q2 2027, Q3 2027, Q4 2027, Q1 2028 and Q2 2028 were also reduced. The revisions point to more modest profit growth expectations for MarketAxess. MarketAxess analyst estimate updates
• Negative Sentiment: Brodsky & Smith announced an investigation involving MarketAxess, potentially raising concerns about shareholder treatment and corporate actions. Such notices can create reputational and legal uncertainty, although the announcement does not establish wrongdoing. Brodsky & Smith MarketAxess investigation announcement
• Negative Sentiment: A separate report questioned whether proposed transactions involving MKTX provide fair value to shareholders and suggested that deal terms could restrict superior offers, adding another potential governance overhang. Are MKTX and CBZ Obtaining Fair Deals for their Shareholders?

About MarketAxess

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.