Marketaxess Hldgs Inc SEC Filings

MarketAxess Holdings Inc. filed its Q3 2025 Form 10‑Q, reporting steady revenue with softer earnings. Total revenue was $208.8M versus $206.7M a year ago, led by commissions of $180.2M, information services of $13.8M, post‑trade services of $11.3M, and technology services of $3.6M. Operating income was $85.6M (vs. $87.1M), and net income was $68.3M (vs. $71.5M), translating to diluted EPS of $1.84 (vs. $1.90).

For the first nine months, revenue reached $636.9M (vs. $614.7M) while net income was $154.5M (vs. $209.0M) and diluted EPS $4.14 (vs. $5.55), reflecting a higher tax provision. Operating cash flow was $223.5M, funding $120.0M of share repurchases and $87.2M in dividends. The company also invested in growth, including $38.0M for capitalized software and equipment and a $36.5M cash outlay to acquire control of RFQ‑hub.

On the balance sheet, cash and cash equivalents were $473.3M, total assets were $2.01B, and stockholders’ equity was $1.38B. Shares outstanding were 37,171,508 as of November 5, 2025.

MarketAxess Holdings Inc. (MKTX) reported two updates. The company furnished a press release announcing its financial results for the third quarter ended September 30, 2025. The press release is attached as Exhibit 99.1.

The board declared a regular quarterly cash dividend of $0.76 per share. The dividend will be paid on December 3, 2025 to stockholders of record as of the close of business on November 19, 2025.

The Q3 results press release was furnished under Item 2.02 and is not deemed filed or incorporated by reference unless expressly stated.

Dean Berry, Group COO & CEO, EMEA & APAC of MarketAxess Holdings Inc. (MKTX), was granted 26,017 restricted stock units on 10/01/2025. The grant is reported as a non‑cash award with a grant price of $0 and is scheduled to vest in three substantially equal installments on 10/01/2026, 10/01/2027, and 10/01/2028. Following the reported transaction, the filing shows 26,017 shares beneficially owned. The Form 4 was signed on behalf of Mr. Berry by an attorney‑in‑fact and dated 10/02/2025. The filing reflects an equity compensation grant under the company’s 2020 Equity Incentive Plan.

Dean Berry filed an initial Form 3 disclosing his relationship to MarketAxess Holdings Inc. (MKTX) as an officer: Group COO & CEO, EMEA & APAC. The report, dated 09/29/2025, shows 0 shares of common stock beneficially owned and no derivative securities disclosed. The form was signed by an attorney-in-fact, Patrick Wilson.

Kevin M. McPherson, Chief Revenue Officer of MarketAxess Holdings Inc. (MKTX), reported a sale of 1,494 shares of the company's common stock on 09/12/2025. The reported weighted-average sale price was $185.32, with executed trades priced between $185.00 and $185.61. After the sale, the filing shows Mr. McPherson beneficially owned 67,681 shares. The Form 4 was signed by an attorney-in-fact on 09/15/2025. The filing states the seller will provide detailed per-trade quantities and prices to the SEC staff, the issuer, or a security holder upon request.

MarketAxess Holdings Inc. (MKTX) director Stephen P. Casper reported sales of company common stock on 09/08/2025. The Form 4 shows a sale of 1,600 shares at $186.59, and a separate disposition of 9,985 shares. After the reported transactions, Casper is shown as beneficially owning 43,208 shares indirectly through a family trust. The filing is signed by an attorney-in-fact on 09/09/2025.

Emily H. Portney, a director of MarketAxess Holdings Inc. (MKTX), filed a Form 4 reporting transactions dated 08/13/2025. The filing shows Code G transactions on common stock. The Form records a disposition of 3,656 shares and an accompanying acquisition of 3,656 shares held indirectly by a GRAT. After these transactions the filing reports 784 shares beneficially owned directly and 3,656 shares beneficially owned indirectly via the GRAT. The Form is signed by an attorney-in-fact and contains no other financial metrics or explanatory detail.