Electronic bond trading platform MarketAxess (NASDAQ: MKTX) will be announcing earnings results this Friday morning. Here’s what to expect.
MarketAxess beat analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $208.8 million, up 1% year on year. It was a strong quarter for the company, with and a beat of analysts’ EPS estimates.
Is MarketAxess a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting MarketAxess’s revenue to grow 4.4% year on year to $211.2 million, improving from the 2.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.64 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MarketAxess has missed Wall Street’s revenue estimates five times over the last two years.
Looking at MarketAxess’s peers in the financial exchanges & data segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Nasdaq delivered year-on-year revenue growth of 13.4%, beating analysts’ expectations by 1.4%, and CME Group reported revenues up 8.1%, in line with consensus estimates. Nasdaq traded down 1.8% following the results.
Read our full analysis of Nasdaq’s results here and CME Group’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the financial exchanges & data stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.1% on average over the last month. MarketAxess is down 8.1% during the same time and is heading into earnings with an average analyst price target of $196.10 (compared to the current share price of $162.49).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
