MarketAxess Holdings Inc. reports on its electronic trading platform for fixed-income securities, where institutional investors and broker-dealers trade across credit and rates products. Company updates commonly cover commission revenue, trading volume, average daily volume, variable transaction fees per million, and market-share data across U.S. high-grade, U.S. high-yield, emerging markets, eurobonds and portfolio trading activity.
MarketAxess news also includes developments in its Open Trading marketplace, automated and algorithmic trading tools, data and index products, post-trade services and technology integrations. Recurring announcements address partnerships that expand fixed-income workflow connectivity, access to institutional liquidity, primary issuance data, management changes, dividends, share repurchases and broader capital-allocation actions.
MarketAxess (MKTX) reported third-quarter 2026 diluted earnings of $1.53 per share, down from the prior year despite higher revenue. Revenue rose 1% year over year to $210.4 million, while net income fell 21% to $54 million. Expenses increased 10% to $136 million, including $13.1 million in merger-related costs. Operating margin fell 560 basis points to 35.4%. Excluding notable items, non-GAAP EPS was $1.86 versus $1.84.
Total trading average daily volume rose 13%, but commission revenue was flat as credit transaction fees declined. Information services revenue increased 10%. The pending acquisition by Intercontinental Exchange provides $167.00 cash per eligible share. The antitrust waiting period ended early on October 21, 2026; shareholder and required regulatory approvals remain pending. MarketAxess withdrew its 2026 annual guidance and medium-term financial targets.
MarketAxess (Nasdaq: MKTX) data is now integrated into Arcesium’s platforms to support investment firms’ workflows for fixed income securities. Arcesium added MarketAxess CP+ and TraX data to its Aquata and Opterra platforms, allowing mutual clients to embed pricing, liquidity and transaction data into operational workflows.
The integration serves hedge funds, institutional asset managers and capital markets firms. It builds on Arcesium’s integration with MarketAxess Repo Match, in place since June 2024, which submits Opterra clients’ repo trades for matching against counterparty confirmations.
MarketAxess (Nasdaq: MKTX) reported 2Q26 revenues of $218.4 million, roughly unchanged year-over-year, with diluted EPS of $1.93 and net income of $68.3 million ($1.95 EPS excluding $0.7 million of notable items). Operating margin was 41.1% (41.9% ex-notable items), down versus 2Q25.
Commission revenue declined 3% to $186.9 million, including a 5% drop in total credit commissions and a 9% decline in U.S. credit, while services revenue rose 14% to a record $31.5 million. Strategic channels saw strong activity: block trading ADV grew 11% to $5.9 billion and portfolio trading ADV rose 33% to a record $2.0 billion. The company ended June 30, 2026 with $404.8 million in cash and investments and $112.0 million of credit facility borrowings, declared a $0.78 quarterly dividend, and noted year-to-date revenue growth of 6% to $452 million.
MarketAxess also disclosed a definitive merger agreement for its acquisition by Intercontinental Exchange (NYSE: ICE) and, in connection with the pending transaction, canceled its earnings call, withdrew 2026 guidance and medium-term targets, and suspended future guidance and monthly volume releases.
Intercontinental Exchange (NYSE: ICE) has agreed to acquire MarketAxess (Nasdaq: MKTX), creating an integrated global fixed income marketplace spanning execution, data, indices and analytics for institutional and retail investors in over 90 countries.
ICE will acquire all outstanding MarketAxess shares for $167 in cash per share, a 33% premium to the July 29, 2026 close, implying approximately $6.0 billion equity value and $5.7 billion enterprise value, or about 10.6x LTM EBITDA pro forma for full run-rate synergies. The deal, unanimously approved by both boards, will be financed 100% with new debt (bonds, term loan and commercial paper), initially raising ICE’s gross leverage to 3.4x with a target of ≤3.0x within 18–24 months.
ICE expects $100 million in annual run-rate expense synergies within three years and for the transaction to be accretive to adjusted EPS in the first full year post-close. ICE is also increasing baseline share repurchases from $350 million to $400 million per quarter. Closing is expected in the first half of 2027, subject to MarketAxess stockholder approval, regulatory clearances and customary conditions.
MarketAxess (Nasdaq: MKTX) will release its second quarter 2026 financial results on Friday, August 7, 2026, before the U.S. market opens. CEO Chris Concannon and CFO Ilene Fiszel Bieler will host a conference call and live audio webcast that day at 10:00 a.m. ET. Investors can join via U.S. and international dial-in numbers using conference ID 856436548 or through the Investor Relations section of the company’s website. The webcast replay will be available for 90 days on the MarketAxess investor site.
MarketAxess (Nasdaq: MKTX) reported June and second-quarter 2026 trading statistics, highlighting growth in credit trading activity and portfolio trading.
June 2026 total credit ADV (ex‑SD PT) rose 4% month-over-month and 13% year-over-year to $17.7 billion, with higher U.S. high-yield and international credit volumes and record Mid-X trading.
MarketAxess (Nasdaq: MKTX) launched TraX Tape, a data solution providing a clean, consolidated view of global bond market activity. It aims to help clients navigate UK and EU transparency reforms by standardising and enriching dispersed bond trading data.
Built on TraX data, TraX Tape aggregates trades from a global dealer and client network, applies 10 years of proprietary data cleansing, and adds real-time insights such as trade direction, pricing context from the CP+™ AI engine, and yield and spread analytics.
MarketAxess (Nasdaq: MKTX) reported May 2026 trading statistics, showing a rebound in volumes and U.S. high-grade market share versus April.
Total trading ADV was $45.2 billion (+9% MoM, -2% YoY). U.S. high-grade share was 17.8%, and the company estimates duplicates may understate share by about 160 bps.
Total credit ADV excluding SD PT reached $17.0 billion (+7% MoM, +4% YoY). Client-initiated U.S. credit block ADV rose to $3.5 billion (+18% MoM, +14% YoY). Portfolio trading ADV was $2.1 billion (+23% MoM, +47% YoY), with a 22.0% estimated U.S. credit portfolio trading share.
Record Mid-X volume was $7.0 billion (+119% YoY). Total credit FPM declined to $128 (-4% MoM, -7% YoY), while total rates FPM increased to $4.35 (+1% MoM, +7% YoY).
MarketAxess (Nasdaq: MKTX) announced participation in two upcoming investor conferences. CEO Chris Concannon will speak at the Piper Sandler Global Exchange & FinTech Conference at 11:00 a.m. ET on June 4, 2026. Concannon and CFO Ilene Fiszel Bieler will speak at the Morgan Stanley US Financials Conference at 2:30 p.m. ET on June 9, 2026. Live webcasts and replays will be available on the MarketAxess investor relations events and presentations page.
MarketAxess (Nasdaq: MKTX) reported 1Q26 results: record total revenue of $233.4 million, up 12% YoY, and diluted EPS of $2.20 ($2.25 ex-notables).
Record ADV across block trading ($6.6B), portfolio trading ($1.9B) and dealer-initiated channels; completed $300M ASR; declared $0.78 quarterly dividend.