MarketAxess: Fourth Quarter Earnings Overview

MarketAxess Reports Fourth Quarter Earnings

MarketAxess Holdings Inc., headquartered in New York, announced a net profit of $92.2 million for the fourth quarter.

The company's earnings amounted to $2.51 per share, while adjusted earnings—excluding pretax gains—stood at $1.68 per share.

These adjusted results surpassed the consensus forecast from eight analysts polled by Zacks Investment Research, who had anticipated earnings of $1.66 per share.

During the quarter, MarketAxess generated $209.4 million in revenue. After accounting for interest expenses, revenue remained at $209.4 million, which was slightly below the $212.7 million expected by seven Zacks analysts.

For the full year, MarketAxess reported a total profit of $246.6 million, or $6.64 per share, with annual revenue reaching $846.3 million.