NASDAQ$MKTX
Marketaxess Holdings Inc · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Marketaxess Holdings Inc reported increased revenues and net income for Q2 2025 driven by higher trading volumes.
Total revenues reached $219.5 million, up 11% year-over-year, with net income of $71.2 million. Credit trading volumes grew 20% while rates volumes surged 55%. Operating income increased to $91.9 million.
- Commission revenues rose 12% to $191.8 million on higher credit and rates volumes.
- U.S. high-grade market share increased to 19.4% amid 15% growth in estimated market volumes.
- Information services and post-trade revenues grew modestly with positive FX impact.
- Net income per diluted share was $1.91, supported by strong operating leverage.
Headline financials
Revenue & EPS history
MarketAxess · Revenue · Quarterly
$219M
Revenue by segment
MarketAxess · $219M total across 4 segments · Q2 2025
- Commissions$192M—87.4%
- Information services$13.1M—6.0%
- Post-trade services$11.1M—5.0%
- Technology services$3.53M—1.6%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+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 |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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