NASDAQ$MKTX
Marketaxess Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
MarketAxess reported solid financial results with revenue growth driven by total credit ADV and Pragma revenues.
MarketAxess reported a 10% increase in total revenues, reaching $197.7 million, driven by growth in total credit average daily volume (ADV) and revenues from Pragma. The company's diluted earnings per share increased to $1.72, and the board increased the share repurchase authorization to $250 million.
- Total revenues increased by 10% to $197.7 million, including $7.9 million from Pragma.
- Services revenue grew by 22% to $26.0 million, driven by record information services revenue and $2.9 million from Pragma.
- Diluted earnings per share increased to $1.72 on net income of $64.9 million.
- The Board of Directors increased the share repurchase authorization to $250 million.
Headline financials
Revenue & EPS history
MarketAxess · Revenue · Quarterly
$198M
Revenue by segment
MarketAxess · $172M total across 3 segments · Q3 2023
- Commission$150M-1.7%87.4%
- Information Services$11.8M+21.5%6.9%
- Post-Trade Services$9.83M+9.3%5.7%
Forward guidance
The international roll-out of X-Pro and the launch of the next phase of our high-touch strategy is expected to occur late in the third quarter and will include initial elements of AI dealer select functionality.
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 Q2 2024
+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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