MarketAxess (NASDAQ:MKTX) Posts Earnings Results

MarketAxess (NASDAQ:MKTX) issued its quarterly earnings data on Friday. The financial services provider reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09), FiscalAI reports. The business had revenue of $210.41 million during the quarter, compared to the consensus estimate of $218.98 million. MarketAxess had a return on equity of 22.48% and a net margin of 35.22%. MarketAxess’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company earned $1.84 EPS.

MarketAxess Price Performance

MarketAxess stock traded up $0.01 during midday trading on Friday, reaching $164.67. 982,285 shares of the stock traded hands, compared to its average volume of 803,831. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.09. MarketAxess has a 12 month low of $108.75 and a 12 month high of $195.96. The stock’s fifty day moving average is $163.52 and its 200-day moving average is $146.94. The stock has a market cap of $5.79 billion, a P/E ratio of 19.42, a PEG ratio of 2.16 and a beta of 0.80.

MarketAxess Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be paid a $0.78 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $3.12 annualized dividend and a yield of 1.9%. MarketAxess’s payout ratio is presently 36.79%.

Insider Buying and Selling at MarketAxess

In related news, Director William Cruger, Jr. sold 6,164 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $163.20, for a total value of $1,005,964.80. Following the sale, the director owned 4,033 shares in the company, valued at approximately $658,185.60. The trade was a 60.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 6,464 shares of company stock valued at $1,055,022 over the last ninety days. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On MarketAxess

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its position in MarketAxess by 4.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,574 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 66 shares during the last quarter. Krilogy Financial LLC boosted its stake in shares of MarketAxess by 1.0% during the first quarter. Krilogy Financial LLC now owns 7,884 shares of the financial services provider’s stock valued at $1,368,000 after purchasing an additional 77 shares during the period. Citizens Financial Group Inc. RI grew its holdings in shares of MarketAxess by 6.3% in the first quarter. Citizens Financial Group Inc. RI now owns 2,592 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 153 shares during the last quarter. Argos Wealth Advisors LLC grew its holdings in shares of MarketAxess by 11.6% in the first quarter. Argos Wealth Advisors LLC now owns 1,561 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 162 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in MarketAxess by 58.6% in the 1st quarter. Pacer Advisors Inc. now owns 444 shares of the financial services provider’s stock worth $73,000 after buying an additional 164 shares during the period. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MKTX shares. Piper Sandler cut their price objective 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. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $167.00 target price (up from $150.00) on shares of MarketAxess in a research report on Tuesday, August 11th. UBS Group lowered MarketAxess from a “buy” rating to a “neutral” rating and cut their price target for the company from $200.00 to $167.00 in a report on Friday, July 31st. The Goldman Sachs Group reduced their price target on MarketAxess from $168.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Finally, Barclays raised their price objective on MarketAxess from $132.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $159.44.

Key MarketAxess News

Here are the key news stories impacting MarketAxess this week:

• Positive Sentiment: MarketAxess received early antitrust clearance for its proposed merger with Intercontinental Exchange, reducing one regulatory obstacle and improving confidence that the transaction can proceed, although additional closing conditions may remain. MarketAxess Receives Early Antitrust Clearance for Intercontinental Exchange Merger
• Positive Sentiment: Services revenue increased 6% year over year to $30.5 million, providing some diversification beyond the company’s core trading commissions. MarketAxess Reports Third Quarter 2026 Financial Results
• Neutral Sentiment: Third-quarter revenue rose approximately 1% year over year to $210.4 million, while commission revenue was essentially flat at $179.9 million. The modest growth suggests stable operations but limited near-term top-line momentum. MarketAxess Q3 revenue edges up 1% to $210.4M
• Negative Sentiment: Adjusted earnings were $1.86 per share, below the $1.95 analyst consensus by $0.09. Although EPS improved from $1.84 a year earlier, the miss may pressure investor expectations for earnings growth. MarketAxess Lags Q3 Earnings and Revenue Estimates
• Negative Sentiment: Revenue also came in below Wall Street expectations, reinforcing concerns that subdued commission growth and broader fixed-income trading conditions are limiting MarketAxess’s operating momentum. MarketAxess Reports Sales Below Analyst Estimates

MarketAxess Company Profile

MarketAxess Holdings Inc operates an electronic trading platform for fixed-income securities and related market data services. The company connects institutional investors, broker-dealers and other market participants, enabling them to trade corporate bonds, government bonds, emerging-market debt and other credit products through digital workflows.

Its offerings include electronic request-for-quote trading, all-to-all trading through its Open Trading marketplace, portfolio trading, and tools designed to support pricing, liquidity discovery and trade execution.