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MarketAxess (MKTX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2026, MarketAxess (MKTX - Free Report) reported revenue of $218.42 million, down 0.5% over the same period last year. EPS came in at $1.95, compared to $2.00 in the year-ago quarter.
The reported revenue represents a surprise of +0.49% over the Zacks Consensus Estimate of $217.34 million. With the consensus EPS estimate being $1.88, the EPS surprise was +3.72%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how MarketAxess performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average Variable Transaction Fee Per Million - Credit: $129.00 versus $129.43 estimated by five analysts on average.
Average Daily Volume - Total: $43.07 billion versus the five-analyst average estimate of $45.87 billion.
Average Daily Volume - Total credit trading: $16.85 billion versus $17.05 billion estimated by five analysts on average.
Average Daily Volume - Total rates trading: $26.22 billion versus the five-analyst average estimate of $28.82 billion.
Revenues- Information services: $16.09 million versus the five-analyst average estimate of $14.07 million. The reported number represents a year-over-year change of +23%.
Revenues- Post-trade services: $11.6 million versus $11.55 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.
Revenues- Technology services: $3.83 million versus the five-analyst average estimate of $3.71 million. The reported number represents a year-over-year change of +8.5%.
Revenues- Commissions: $186.9 million versus the five-analyst average estimate of $188.92 million. The reported number represents a year-over-year change of -2.5%.
Revenues- Commissions- Total variable transaction fees- Other: $10.31 million versus $10.17 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +46% change.
Revenues- Commissions- Total variable transaction fees: $152.7 million versus $155.19 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3.4% change.
Revenues- Commissions- Total variable transaction fees- Credit: $134.34 million compared to the $136.63 million average estimate based on four analysts. The reported number represents a change of -6% year over year.
Revenues- Commissions- Total fixed distribution fees: $34.2 million compared to the $33.91 million average estimate based on four analysts. The reported number represents a change of +1.5% year over year.
Shares of MarketAxess have returned +9.8% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
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MarketAxess (MKTX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2026, MarketAxess (MKTX - Free Report) reported revenue of $218.42 million, down 0.5% over the same period last year. EPS came in at $1.95, compared to $2.00 in the year-ago quarter.
The reported revenue represents a surprise of +0.49% over the Zacks Consensus Estimate of $217.34 million. With the consensus EPS estimate being $1.88, the EPS surprise was +3.72%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how MarketAxess performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for MarketAxess here>>>
Shares of MarketAxess have returned +9.8% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.