Added to YB: 2025-11-11
Pitch date: 2025-11-08
MKTX [neutral]
MarketAxess Holdings Inc.
+5.52%
current return
Author Info
The Diversified Fins Analyst is a former sellside & buyside equities analyst focused on diversified financials (exchanges, online brokers, trading companies, etc.). Sign up for the newsletter.
Company Info
MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms in the United States, the United Kingdom, and internationally.
Market Cap
$6.1B
Pitch Price
$169.63
Price Target
N/A
Dividend
1.84%
EV/EBITDA
12.77
P/E
28.11
EV/Sales
6.72
Sector
Capital Markets
Category
growth
MarketAxess Holdings Inc. (MKTX) 3Q25 Earnings Reviewo
MKTX (earnings): 3Q25 EPS beat by 8% on expense control ($1.84 vs $1.70 est), revenue +1% YoY to $209M. ADV down 21% Q/Q to $39B but market share improving. Launching closing auction product & expanding Mid-X sessions. Block market seen as biggest opportunity ($5B ADV, +23% YoY). Oct showed mixed start to 4Q with credit +6% YoY, rates -23%.
Read full article (4 min)