MarketAxess (MKTX) reported $219.46 million in revenue for the quarter ended June 2025, representing a year-over-year increase of 11%. EPS of $2.00 for the same period compares to $1.72 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $218.18 million, representing a surprise of +0.59%. The company delivered an EPS surprise of +3.09%, with the consensus EPS estimate being $1.94.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how MarketAxess performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average Variable Transaction Fee Per Million - Credit: $138.00 versus $140.10 estimated by five analysts on average.
- Average Daily Volume - Total: $49.01 billion versus $46.11 billion estimated by five analysts on average.
- Average Daily Volume - Total credit trading: $16.8 billion versus the five-analyst average estimate of $16.35 billion.
- Average Daily Volume - Total rates trading: $32.21 billion versus $29.78 billion estimated by five analysts on average.
- Revenues- Commissions: $191.77 million compared to the $189.41 million average estimate based on six analysts. The reported number represents a change of +11.7% year over year.
- Revenues- Post-trade services: $11.08 million versus the six-analyst average estimate of $11.09 million. The reported number represents a year-over-year change of +6.5%.
- Revenues- Information services: $13.09 million compared to the $13.35 million average estimate based on six analysts. The reported number represents a change of +4.3% year over year.
- Revenues- Technology services: $3.53 million compared to the $3.22 million average estimate based on six analysts. The reported number represents a change of +16.2% year over year.
- Commissions- Variable transaction fees- Other: $7.06 million versus $5.65 million estimated by four analysts on average.
- Total commission revenue- Total variable transaction fees- Rates: $8.04 million versus $7.46 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +40.5% change.
- Total commission revenue- Total variable transaction fees- Credit: $142.98 million compared to the $141.96 million average estimate based on four analysts. The reported number represents a change of +12% year over year.
- Total commission revenue- Total fixed distribution fees: $33.7 million compared to the $33.93 million average estimate based on four analysts. The reported number represents a change of +1.4% year over year.
View all Key Company Metrics for MarketAxess here>>>
Shares of MarketAxess have returned -4.2% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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MarketAxess Holdings Inc. (MKTX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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