Quarterly ResultMay 7, 2026, 06:32 AM
MarketAxess Q1 Revenue +12% to $233.4M; EPS $2.20; Dividend $0.78
AI Summary
MarketAxess Holdings Inc. reported record financial results for the first quarter ended March 31, 2026, with total revenue increasing 12% to $233.4 million. The company achieved diluted EPS of $2.20, or $2.25 excluding notable items, reflecting a 20% increase year-over-year on an adjusted basis. Growth was broad-based, including a 20% rise in revenue outside U.S. credit and record ADV in block and portfolio trading. Additionally, the Board of Directors declared a regular quarterly cash dividend of $0.78 per share.
Key Highlights
- Total revenues increased 12% year-over-year to a record $233.4 million.
- Diluted EPS was $2.20, or $2.25 excluding notable items, up 20% year-over-year (ex-notable items).
- Operating margin, excluding notable items, increased by 180 basis points to 44.2%.
- Total commission revenue grew 12% to a record $203 million.
- Revenue outside U.S. credit products increased 20%.
- Block trading average daily volume (ADV) rose 35% to a record $6.6 billion.
- Portfolio trading ADV increased 51% to a record $1.9 billion.
- The Board declared a quarterly cash dividend of $0.78 per share.