For the quarter ended March 2025, MarketAxess (MKTX) reported revenue of $208.58 million, down 0.8% over the same period last year. EPS came in at $1.87, compared to $1.92 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $210.63 million, representing a surprise of -0.97%. The company delivered an EPS surprise of +2.75%, with the consensus EPS estimate being $1.82.
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: $139 versus the five-analyst average estimate of $143.75.
- Average Daily Volume - Total: $42.91 billion versus the five-analyst average estimate of $40.74 billion.
- Average Daily Volume - Total credit trading: $15.92 billion versus $16.04 billion estimated by five analysts on average.
- Average Daily Volume - Total rates trading: $26.98 billion versus the five-analyst average estimate of $24.70 billion.
- Revenues- Information services: $12.90 million versus $12.99 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +8.6% change.
- Revenues- Commissions: $181.34 million compared to the $185.39 million average estimate based on six analysts. The reported number represents a change of -1.9% year over year.
- Revenues- Technology services: $3.24 million versus the six-analyst average estimate of $3.29 million. The reported number represents a year-over-year change of +14.4%.
- Revenues- Post-trade services: $11.09 million compared to the $11.14 million average estimate based on six analysts. The reported number represents a change of +3.3% year over year.
- Commissions- Variable transaction fees- Other: $5.23 million versus the four-analyst average estimate of $5.19 million.
- Total commission revenue- Total variable transaction fees- Rates: $6.92 million versus the four-analyst average estimate of $6.71 million. The reported number represents a year-over-year change of +33.9%.
- Total commission revenue- Total variable transaction fees- Credit: $135.84 million versus $139.51 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4% change.
- Total commission revenue- Total fixed distribution fees: $33.35 million versus the four-analyst average estimate of $32.36 million. The reported number represents a year-over-year change of 0%.
View all Key Company Metrics for MarketAxess here>>>
Shares of MarketAxess have returned +11% over the past month versus the Zacks S&P 500 composite's +10.6% 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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