MarketAxess Holdings Inc

MKTX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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MarketAxess Earnings: Tax Charge and Lower Average Pricing Lead to Weak Results

Michael Miller

May 7, 2025

MarketAxess reported weaker first-quarter earnings than we had expected due to the company setting aside a $54.9 million reserve for uncertain tax positions. Net revenue decreased 1% from last year to $209 million. Earnings per share was $0.40, or $1.87 on an adjusted basis, versus $1.92 last year.

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MarketAxess Holdings Inc

MarketAxess Earnings: Tax Charge and Lower Average Pricing Lead to Weak Results

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