UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $0.003 par value MKTX NASDAQ Global Select Market FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHA ...

MarketAxess Holdings Inc. (MKTX) has reported third-quarter 2024 earnings per share of $1.90, which surpassed the Zacks Consensus Estimate by 4.4%. The bottom line grew 30.1% year over year.Total revenues of $206.7 million rose 20% year over year. The top line surpassed the consensus mark by a whisker.The strong quarterly results were driven by improving U.S. high-grade, emerging markets and Eurobonds commission revenues. Higher service revenues added to the upside. Geographic expansion and product diversif ...

Financial Data and Key Metrics Changes - The company reported revenue of $207 million for Q3 2024, representing a 20% increase year-over-year, driven by strong market volumes and disciplined expense management [32][33] - Diluted earnings per share increased by 30% to $1.90 [34] - Operating expenses rose by 14% to $120 million, influenced by increased trading activity and the impact of the Pragma acquisition [37][38] Business Line Data and Key Metrics Changes - Commission revenue increased by 20% to $180 million, with U.S. high-grade commission revenue up 24%, emerging markets up 18%, Eurobonds up 25%, and municipals up 28% [35] - The company achieved a market share of 20% in U.S. credit portfolio trading, several hundred basis points higher than the previous quarter [17] - The dealer-to-dealer segment saw a 28% growth in dealer RFQ and an 11-fold increase in Eurobonds Mid-X trading volume [19] Market Data and Key Metrics Changes - Trade volume was up 23% year-over-year, with a three-year CAGR of 17%, and trade count increased by 16% with a three-year CAGR of 24% [22] - Emerging markets trading activity saw record volumes, with LatAm and APAC trading volumes up 51% and 30%, respectively [14] - Fund flows into high-grade ETFs and mutual funds increased by 158% from the prior year, contributing to tighter credit spreads [20] Company Strategy and Development Direction - The company is focused on enhancing its global portfolio trading solution and has launched key elements of its targeted block trading capability [11][12] - A strategic partnership with S&P Global was announced to combine market data with S&P's evaluated bond pricing solution, enhancing pre-trade analytics [12][66] - The company aims to grow market share in U.S. credit while continuing to expand in global fixed income markets [10][41] Management's Comments on Operating Environment and Future Outlook - Management noted a constructive operating environment with robust new issue calendars and increased trading velocity [20][41] - There is optimism about the growth potential in emerging markets, particularly with the introduction of new trading protocols [81] - The company is well-positioned to deliver continued growth in the coming quarters, supported by strong market volumes and strategic priorities [41] Other Important Information - Rick McVey, the company's Founder and Executive Chairman, will retire from the Board at the end of the year, with Carlos Hernandez appointed as the new Chairman [6][8] - The company generated $310 million in free cash flow over the trailing 12 months, with $236 million remaining under current share repurchase authorization [39] Q&A Session Summary Question: Insights on October trading and block activity - Management reported record overall volumes in October, crossing over $1 trillion in total credit volume, with a slight decline in portfolio trading [45][46] - The targeted block trading solution was launched recently, focusing on capturing large block trades that have shifted to phone and chat [49][50] Question: Portfolio trading gains and competitive positioning - Management acknowledged that while portfolio trading gains are encouraging, there is still work to be done to reach parity with competitors [60][61] - Enhancements to the portfolio trading tool are expected to improve competitiveness and client satisfaction [62] Question: Impact of S&P partnership on data and analytics - The partnership with S&P Global is expected to enhance pre-trade analytics and integrate CP+ data into their evaluated pricing tool [64][66] Question: Block trading and fee capture dynamics - Management indicated that large trades would fall under the regular pricing fee schedule, with some scenarios offering reduced fees for process trading [69][72] Question: Emerging markets growth and competitive landscape - The company is experiencing strong growth in emerging markets, with a focus on electronic trading solutions to penetrate traditionally brokered markets [81][84] Question: Dealer-to-dealer channel strategies - Significant investments are being made in the dealer business, including enhancements to RFQ protocols and automation solutions [87][90] Question: 2025 expense priorities and planning - Management is focused on balancing growth investments with disciplined expense management as they plan for 2025 [95][96] Question: Regulatory changes and their impact on electronification - Management believes that the adoption of electronic trading is driven more by commercial reasons than regulatory changes, positioning the company favorably [98]

For the quarter ended September 2024, MarketAxess (MKTX) reported revenue of $206.72 million, up 20% over the same period last year. EPS came in at $1.90, compared to $1.46 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $205.48 million, representing a surprise of +0.60%. The company delivered an EPS surprise of +4.40%, with the consensus EPS estimate being $1.82.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

MarketAxess (MKTX) came out with quarterly earnings of $1.90 per share, beating the Zacks Consensus Estimate of $1.82 per share. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.40%. A quarter ago, it was expected that this operator of bond trading platforms would post earnings of $1.69 per share when it actually produced earnings of $1.72, delivering a surprise of 1.78%.Over the last four q ...

Exhibit 99.1 3Q24 select financial and operational highlights* MarketAxess Reports Third Quarter 2024 Financial Results Revenue Growth of 20% Driven by Strong Growth in Total Credit ADV on Higher Market Volumes Record Portfolio Trading ADV; Record Municipal Bonds ADV and Estimated Market Share NEW YORK | November 6, 2024 - MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the third quarter ended ...

MarketAxess Holdings Inc. (MKTX) is set to report third-quarter 2024 results on Nov. 6, 2024, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $1.82 per share on revenues of $205.48 million.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The third-quarter earnings estimate has witnessed upward revisions over the past 60 days. The bottom-line projection indicates a year-over-year increase of 24.7%. The Zacks Consen ...

I like investing in companies like MarketAxess (NASDAQ: MKTX ) that bring unique value to their customers and have a high-quality competitive advantage over other market participants. Despite the high market valuation of over 41x annual earningsI am a qualified economist specializing in economic theory and I have been investing and trading since 2005. Since 2018, I have been investing in US equities. Until 2022, I was part of TopStepTrader, having passed the combine for a funded trader. I am a conservative ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering MarketAxess (MKTX) , which belongs to the Zacks Securities and Exchanges industry.This operator of bond trading platforms has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 2.78%.For the last reported quarter, MarketAxess came out with earnings of $1.72 ...

MarketAxess Holdings Inc. (MKTX) announced impressive growth in its trading volumes for the third quarter of 2024. The total credit average daily trading volume ("ADV") reached nearly $14.1 billion, marking a yearover-year increase of more than 26.5%. This growth was driven by notable gains across various segments, including 35.7% rise in U.S. high-grade ADV, 19.1% boost in emerging markets ADV and 27.4% growth in Eurobonds ADV. Total ADV rose 38.4% to $40.5 billion in the September quarter. Among the segme ...