Marketaxess Hldgs Inc Stock Price, News & Analysis

MarketAxess (NASDAQ: MKTX) reported 3Q25 results for the quarter ended September 30, 2025. Total revenues were $208.8 million, up 1% year-over-year and including ~$1.3 million from FX and ~$3.5 million from RFQ-hub. Services revenue was a record $28.7 million, up 9% YoY. Portfolio trading ADV rose 20% to $1.4 billion with record U.S. credit portfolio trading ADV of $1.1 billion. Diluted EPS was $1.84, down 3% YoY; total expenses increased 3% to $123.2 million. Cash and investments were $630.6 million as of September 30, 2025. The board declared a $0.76 quarterly dividend.

MarketAxess (Nasdaq: MKTX) released October 2025 trading volume and preliminary variable fee-per-million (FPM) metrics on November 6, 2025. Key operational highlights include sizable growth across strategic channels: client-initiated block trading, portfolio trading and dealer-initiated activity.

Notable figures: Total MKTX trading ADV was $40,018 million (down 13% YoY); total portfolio trading ADV rose 25% to $1.54 billion; U.S. credit portfolio trading ADV rose 35% to $1.21 billion with estimated U.S. credit portfolio market share at 20.9% (prior year 17.9%). Client block trading ADV rose 21% YoY and dealer-initiated ADV rose 22% YoY. Total rates ADV declined 23% YoY.

MarketAxess (Nasdaq: MKTX) will launch the industry’s first standardized market-wide Opening and Closing Auctions for U.S. credit to improve price discovery and unlock unique liquidity.

The protocol, developed with buy- and sell-side advisors including AllianceBernstein, BlackRock, DWS, and State Street Investment Management, will run at market open and close for U.S. high-grade and high-yield bonds on MarketAxess’s X-Pro Trading platform and will be available to clients and dealers in the coming weeks.

Capitolis (NYSE:MKTX) appointed Richard Schiffman as Chief Product Officer effective October 27, 2025. Schiffman brings over 30 years of product, strategy and technology experience and was an early MarketAxess employee that contributed to its growth to a $21 billion peak market capitalization, serving >2,000 customers. He will report to CEO Gil Mandelzis and lead product strategy and delivery to scale Capitolis.

Capitolis recently expanded products, grew its client network, secured additional strategic bank investments, and acquired Capitalab (BGC Group’s rates compression and margin optimization business) to enter the Interest Rates market. Schiffman’s hire follows other senior additions including a new COO and Global Head of Sales.

MarketAxess (Nasdaq: MKTX) will report third quarter 2025 financial results on Friday, November 7, 2025 before the market opens. A conference call with CEO Chris Concannon and CFO Ilene Fiszel Bieler will follow on November 7, 2025 at 11:00 a.m. ET to review results, provide a strategic update, and discuss outlook.

Investors can join by phone at +1-646-307-1963 using ID 1832176 or listen to a live audio webcast and 90-day archive at http://investor.marketaxess.com.

MarketAxess (Nasdaq: MKTX) reported trading volume and preliminary fees for September and 3Q25. Client-initiated block trading ADV grew 10% in 3Q25 with emerging markets block ADV +20% and eurobonds block ADV +58%, and cumulative targeted block volume ~ $10.1 billion. Total portfolio trading ADV rose 20% to $1.4 billion and U.S. high-yield portfolio ADV hit a record $341 million. The company reported an estimated U.S. credit portfolio trading market share of 19.1% for 3Q25 and a monthly record of 22.5% in September. U.S. high-yield market share reached 25.9%, up ~730 basis points YoY. Dealer-initiated ADV increased 18% to $1.5 billion. Preliminary total credit FPM was $140 for 3Q25.

MarketAxess (NASDAQ:MKTX) has launched Axess IQ Connect, a mobile-friendly web application designed for Private Banks and Wealth Managers. The platform extends the capabilities of their Axess IQ execution management system, providing financial advisors with on-the-go access to real-time fixed-income market insights.

The application features AI-powered pricing through CP+, high-quality liquidity data, interactive watchlists, and real-time order tracking capabilities. Client advisors can now submit and monitor bond orders directly through the platform, connecting them seamlessly with their trading desks for improved efficiency in fixed-income trading operations.

MarketAxess (Nasdaq: MKTX) reported its August 2025 trading statistics, showing mixed performance across different segments. The company's client-initiated channel saw 8% growth in block trading ADV, with notable growth in emerging markets (14%) and eurobonds (95%). The portfolio trading channel achieved an 18% increase in total ADV to $1.2 billion, including a record U.S. high-yield portfolio trading ADV of $344 million.

The company's U.S. high-grade market share was 19.4%, down from 20.9% year-over-year but up from July's 18.2%. Total credit variable transaction fees per million decreased 8% year-over-year due to protocol and product mix changes. The dealer-initiated channel showed strong growth with an 18% increase in ADV to $1.3 billion.

MarketAxess (Nasdaq: MKTX), a leading electronic trading platform operator for fixed-income securities, has announced its participation in the upcoming Barclays Global Financial Services Conference. The company will be represented by CEO Chris Concannon and CFO Ilene Fiszel Bieler in a fireside chat scheduled for September 9, 2025, at 12:00 p.m. ET.

Investors can access both the live webcast and replay of the presentation through the events and presentations section of MarketAxess's Investor Relations website.