MarketAxess Holdings Inc

MKTX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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MarketAxess Earnings: Modest Growth as Strong Trading Volume Is Offset by Lower Pricing

Michael Miller

Feb 6, 2026

MarketAxess reported decent fourth-quarter earnings that were in line with our expectations. Total revenue rose 3.5% from last year to $209.4 million. Meanwhile, adjusted diluted earnings per share fell to $1.68 from $1.73 as operating costs rose faster than revenue.

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MarketAxess Holdings Inc

MarketAxess Earnings: Modest Growth as Strong Trading Volume Is Offset by Lower Pricing

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