MARKETAXESS HOLDINGS INC 8K

MarketAxess Holdings Inc. released its second quarter 2026 results, showing flat revenues with record services and portfolio trading activity, solid EPS, and highlighting that the timing of the release followed the same-day announcement of a definitive agreement for ICE to acquire the company.

On July 30, 2026, MarketAxess Holdings Inc. reported its financial results for the second quarter ended June 30, 2026, disclosing total revenues of $218.4 million that were roughly flat year over year, with a 3% decline in total commission revenue driven by a 9% drop in U.S. credit offset by 6% growth in emerging markets, and 14% growth in services revenue to a record $31.5 million. The company highlighted 9% revenue growth outside U.S. credit and strong progress in strategic trading channels, including an 11% increase in block trading ADV to $5.9 billion and a 33% increase in portfolio trading ADV to a record $2.0 billion with records across U.S. high-grade, U.S. high-yield, municipal bonds, and emerging markets. Expenses rose modestly to $128.5 million (up 1%), with operating margin at 41.1%, while diluted EPS was $1.93 on net income of $68.3 million, or $1.95 excluding notable items, compared to $1.91 and $71.2 million in the prior year. CEO Chris Concannon noted that the earnings release was accelerated to follow the same-day announcement of a definitive agreement for Intercontinental Exchange (ICE) to acquire MarketAxess and emphasized continued investments, expense discipline, and capital management driving 6% year-to-date revenue growth and solid earnings growth with healthy margins despite lower market volatility and elevated new issuance.

Filing Facts

CIK

1278021

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-324950

Alert Tier

8