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Compared to Estimates, MarketAxess (MKTX) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2026, MarketAxess (MKTX - Free Report) reported revenue of $210.41 million, up 0.8% over the same period last year. EPS came in at $1.86, compared to $1.84 in the year-ago quarter.
The reported revenue represents a surprise of -4.88% over the Zacks Consensus Estimate of $221.2 million. With the consensus EPS estimate being $1.95, the EPS surprise was -4.62%.
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 Daily Volume - Total credit trading - Emerging markets: $3.99 billion compared to the $4.47 billion average estimate based on four analysts.
Average Variable Transaction Fee Per Million - Credit: $127.00 versus the four-analyst average estimate of $131.81.
Average Daily Volume - Total credit trading - High-grade (excl. SD PT): $7.12 billion compared to the $7.53 billion average estimate based on four analysts.
Average Daily Volume - Total (excl. SD PT): $43.76 billion versus $44.11 billion estimated by four analysts on average.
Revenues- Information services: $15.17 million versus the five-analyst average estimate of $15.26 million. The reported number represents a year-over-year change of +10.1%.
Revenues- Post-trade services: $11.44 million versus $11.83 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.3% change.
Revenues- Technology services: $3.87 million versus the five-analyst average estimate of $3.73 million. The reported number represents a year-over-year change of +8.3%.
Revenues- Commissions: $179.92 million compared to the $192.53 million average estimate based on five analysts. The reported number represents a change of -0.1% year over year.
Revenues- Commissions- Total variable transaction fees- Other: $9.82 million versus the four-analyst average estimate of $10.02 million. The reported number represents a year-over-year change of +14.3%.
Revenues- Commissions- Total variable transaction fees: $145.03 million versus $157.22 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.6% change.
Revenues- Commissions- Total variable transaction fees- Credit: $126.39 million versus $139.66 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3.4% change.
Revenues- Commissions- Total fixed distribution fees: $34.89 million versus $34.42 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
Shares of MarketAxess have returned +0.5% over the past month versus the Zacks S&P 500 composite's -1.2% 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.
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Compared to Estimates, MarketAxess (MKTX) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2026, MarketAxess (MKTX - Free Report) reported revenue of $210.41 million, up 0.8% over the same period last year. EPS came in at $1.86, compared to $1.84 in the year-ago quarter.
The reported revenue represents a surprise of -4.88% over the Zacks Consensus Estimate of $221.2 million. With the consensus EPS estimate being $1.95, the EPS surprise was -4.62%.
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 +0.5% over the past month versus the Zacks S&P 500 composite's -1.2% 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.