NASDAQ$MKTX
Marketaxess Holdings Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
MarketAxess reported record revenues driven by strong performance in credit and information services.
MarketAxess reported record revenues of $203.2 million in Q1 2023, a 9% increase year-over-year. The growth was driven by record total credit revenue, a 14% increase in total credit average daily volume, and record information services revenue. The company also saw strong market share gains across various products.
- Record total revenues of $203.2 million, up 9% year-over-year.
- Record total credit average daily volume of $13.7 billion, up 14%.
- Record information services revenue of $11.0 million, up 12%.
- Diluted EPS increased 15% to $1.96.
Headline financials
Revenue & EPS history
MarketAxess · Revenue · Quarterly
$203M
Revenue by segment
MarketAxess · $203M total across 3 segments · Q1 2023
- Commission$182M+9.6%89.7%
- Information Services$11M+12.2%5.4%
- Post-Trade Services$9.98M+0.7%4.9%
Forward guidance
No specific forward guidance was provided in the document.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.8%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+1.5%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+13.9%
Q4 2016
Best reaction
-20.2%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.2% | -5.6% | -21.5% | |
| Q4 2025 | -0.3% | +9.8% | +14.3% | |
| Q3 2025 | +0.8% | +2.4% | +0.9% | |
| Q1 2025 | -0.3% | -4.7% | -2.9% | |
| Q4 2024 | +1.6% | -1.4% | +5.5% | |
| Q3 2024 | -1.7% | -1.8% | -14.0% | |
| Q2 2024 | +2.9% | +5.9% | +15.8% | |
| Q1 2024 | -1.7% | +0.2% | +0.1% | |
| Q4 2023 | -20.2% | -19.3% | -20.5% | |
| Q3 2023 | -9.9% | -9.2% | -1.9% | |
| Q2 2023 | +3.6% | +3.2% | -5.0% | |
| Q1 2023 | -0.8% | +0.5% | -11.6% | |
| Q4 2022 | +12.1% | +11.4% | +5.2% | |
| Q3 2022 | -4.0% | +0.3% | +7.7% | |
| Q2 2022 | -1.5% | -3.7% | -4.5% | |
| Q1 2022 | +3.5% | +1.6% | +5.9% | |
| Q4 2021 | -6.2% | -2.1% | +7.8% | |
| Q3 2021 | -0.1% | -1.0% | -12.5% | |
| Q2 2021 | +0.9% | +1.4% | +3.3% | |
| Q1 2021 | -3.0% | -5.3% | -12.9% | |
| Q4 2020 | +5.2% | +11.6% | +9.0% | |
| Q3 2020 | +1.8% | -1.5% | -6.0% | |
| Q2 2020 | -4.5% | -2.3% | -6.3% | |
| Q1 2020 | +3.1% | +3.5% | +15.2% | |
| Q4 2019 | -0.5% | -1.2% | -9.9% | |
| Q3 2019 | +2.6% | +2.4% | +15.2% | |
| Q2 2019 | -6.5% | -8.4% | +5.7% | |
| Q1 2019 | +1.1% | +5.3% | +9.8% | |
| Q4 2018 | +0.6% | +1.4% | +13.9% | |
| Q3 2018 | +9.2% | +8.4% | +10.7% | |
| Q2 2018 | -4.4% | -8.3% | -10.6% | |
| Q1 2018 | -0.7% | -1.1% | +4.8% | |
| Q4 2017 | +2.0% | +2.8% | +5.7% | |
| Q3 2017 | -5.6% | -9.0% | -0.8% | |
| Q2 2017 | +3.0% | +1.7% | -4.5% | |
| Q1 2017 | +6.1% | +4.0% | +5.1% | |
| Q4 2016 | +13.9% | +14.5% | +23.9% | |
| Q3 2016 | -1.0% | -1.0% | +11.4% | |
| Q2 2016 | +5.1% | +5.2% | +8.0% | |
| Q1 2016 | -4.4% | — | — | |
| Q4 2015 | +7.3% | — | — | |
| Q3 2015 | -6.8% | — | — | |
| Q2 2015 | -2.3% | — | — | |
| Q1 2015 | -1.5% | — | — | |
| Q4 2014 | +2.4% | — | — | |
| Q3 2014 | -6.7% | — | — | |
| Q2 2014 | +12.0% | — | — | |
| Q1 2014 | -2.9% | — | — | |
| Q4 2013 | +2.9% | — | — | |
| Q3 2013 | +0.6% | — | — | |
| Q2 2013 | +1.0% | — | — | |
| Q1 2013 | +6.4% | — | — | |
| Q4 2012 | -0.5% | — | — | |
| Q3 2012 | -0.9% | — | — | |
| Q2 2012 | +3.3% | — | — | |
| Q1 2011 | +2.5% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q4 2009 | -1.8% | — | — | |
| Q4 2011 | -1.8% | — | — | |
| Q3 2011 | +13.3% | — | — | |
| Q3 2010 | +13.3% | — | — | |
| Q2 2011 | +3.5% | — | — | |
| Q2 2010 | +3.5% | — | — | |
| Q4 2010 | +3.5% | — | — | |
| Q1 2010 | +1.0% | — | — |
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