Marketaxess Holding Inc

Latest Results (15.11.2025):

MarketAxess Holding Inc's Q4 2024 financial report demonstrates robust performance across key metrics with total revenues of $202.4 million, EPS of $1.73, and net income of $65.1 million, even as foreign currency fluctuations played a minor role. The full‐year 2024 results highlight a record revenue of $817.1 million and strong commission revenue growth across multiple product areas, underpinned by strategic enhancements and expanding trading volumes.

Q4 2024 Highlights

In Q4 2024, MarketAxess recorded total revenues of $202.4 million, with emerging markets and Eurobonds commission revenue experiencing 15% growth and rates commission revenue surging 53%. Total expenses increased slightly by 2% to $122.4 million, while diluted EPS stood at $1.73 on a net income of $65.1 million, marking a resilient quarter despite modest currency impacts.

Full-Year 2024 Performance

For the full year 2024, the company achieved a record $817.1 million in revenue, bolstered by a 9% rise in U.S. high-grade commission revenue and record commission figures across emerging markets, Eurobonds, and municipal bonds. Services revenue reached $105.4 million, up 18%, and EPS increased 6% to $7.28, reflecting effective cost management and operational strength.

Strategic Initiatives & Future Outlook

CEO Chris Concannon emphasized significant strides in client engagement and high-touch strategies, including the successful launch of new trading solutions and benchmark pricing initiatives. With clear visibility on key initiatives across client-initiated, portfolio, and dealer-initiated channels, MarketAxess expects to drive market share growth and long-term shareholder value in 2025.