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MarketAxess Holdings Earnings Calls
| Release date | May 07, 2026 |
| EPS estimate | $2.15 |
| EPS actual | $2.25 |
| EPS Surprise | 4.65% |
| Revenue estimate | 231.913M |
| Revenue actual | 233M |
| Revenue Surprise | 0.469% |
| Release date | Feb 06, 2026 |
| EPS estimate | $1.65 |
| EPS actual | $1.68 |
| EPS Surprise | 1.82% |
| Revenue estimate | 211.739M |
| Revenue actual | 209M |
| Revenue Surprise | -1.29% |
| Release date | Nov 07, 2025 |
| EPS estimate | $1.70 |
| EPS actual | $1.84 |
| EPS Surprise | 8.24% |
| Revenue estimate | 207.39M |
| Revenue actual | 208.821M |
| Revenue Surprise | 0.690% |
| Release date | Aug 06, 2025 |
| EPS estimate | $1.94 |
| EPS actual | $2.00 |
| EPS Surprise | 3.09% |
| Revenue estimate | 217.512M |
| Revenue actual | 224.292M |
| Revenue Surprise | 3.12% |
Last 4 Quarters for MarketAxess Holdings
Below you can see how MKTX performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 06, 2025 |
| Price on release | $186.80 |
| EPS estimate | $1.94 |
| EPS actual | $2.00 |
| EPS surprise | 3.09% |
| Date | Price |
|---|---|
| Jul 31, 2025 | $205.50 |
| Aug 01, 2025 | $207.75 |
| Aug 04, 2025 | $209.43 |
| Aug 05, 2025 | $207.81 |
| Aug 06, 2025 | $186.80 |
| Aug 07, 2025 | $184.43 |
| Aug 08, 2025 | $187.01 |
| Aug 11, 2025 | $189.27 |
| Aug 12, 2025 | $188.22 |
| 4 days before | -9.10% |
| 4 days after | 0.760% |
| On release day | -1.27% |
| Change in period | -8.41% |
| Release date | Nov 07, 2025 |
| Price on release | $167.27 |
| EPS estimate | $1.70 |
| EPS actual | $1.84 |
| EPS surprise | 8.24% |
| Date | Price |
|---|---|
| Nov 03, 2025 | $159.16 |
| Nov 04, 2025 | $161.30 |
| Nov 05, 2025 | $161.00 |
| Nov 06, 2025 | $165.75 |
| Nov 07, 2025 | $167.27 |
| Nov 10, 2025 | $169.19 |
| Nov 11, 2025 | $171.40 |
| Nov 12, 2025 | $169.73 |
| Nov 13, 2025 | $174.00 |
| 4 days before | 5.10% |
| 4 days after | 4.02% |
| On release day | 1.15% |
| Change in period | 9.32% |
| Release date | Feb 06, 2026 |
| Price on release | $162.33 |
| EPS estimate | $1.65 |
| EPS actual | $1.68 |
| EPS surprise | 1.82% |
| Date | Price |
|---|---|
| Feb 02, 2026 | $166.34 |
| Feb 03, 2026 | $160.28 |
| Feb 04, 2026 | $162.37 |
| Feb 05, 2026 | $162.83 |
| Feb 06, 2026 | $162.33 |
| Feb 09, 2026 | $171.23 |
| Feb 10, 2026 | $177.31 |
| Feb 11, 2026 | $178.77 |
| Feb 12, 2026 | $177.46 |
| 4 days before | -2.41% |
| 4 days after | 9.32% |
| On release day | 5.48% |
| Change in period | 6.69% |
| Release date | May 07, 2026 |
| Price on release | $152.66 |
| EPS estimate | $2.15 |
| EPS actual | $2.25 |
| EPS surprise | 4.65% |
| Date | Price |
|---|---|
| May 01, 2026 | $152.87 |
| May 04, 2026 | $154.89 |
| May 05, 2026 | $151.29 |
| May 06, 2026 | $148.84 |
| May 07, 2026 | $152.66 |
| May 08, 2026 | $147.53 |
| May 11, 2026 | $145.21 |
| May 12, 2026 | $141.37 |
| May 13, 2026 | $139.28 |
| 4 days before | -0.137% |
| 4 days after | -8.76% |
| On release day | -3.36% |
| Change in period | -8.89% |
MarketAxess Holdings Earnings Call Transcript Summary of Q1 2026
MarketAxess reported a strong Q1 2026: record total revenue (up 12% year-over-year) driven by record trading ADV and broad-based growth outside U.S. credit (20% growth). New initiatives (blocks, portfolio trading, dealer-initiated Mid‑X, automation) continued to gain traction and accounted for roughly half of incremental revenue. Emerging markets and Eurobonds were standout drivers (EM ADV +30%, EM incremental revenue contribution high), and automation and algos saw record adoption. The company is advancing a technology modernization program, accelerating AI integration to monetize proprietary RFQ and trading data, and piloting a new-issue trading solution with DirectBooks to address a historical market gap. Operating discipline held: non‑GAAP expenses rose 8%, operating margin improved to ~44%, diluted EPS was $2.20 ($2.25 ex-notable items, +20% YoY), and trailing 12‑month free cash flow was $316 million. Capital allocation remained active: $300M ASR completed (helping EPS and reducing shares), $60M of repurchases completed in Q1, $205M still available under the buyback authorization, and the drawn balance on the credit facility was reduced post-quarter. April showed softer volumes due to lower volatility, heavy new-issue focus and TRACE reporting noise, but management expects the new-issue pilot and other product launches to address dilution of market share and to drive further growth.
