MarketAxess (MKTX) Q2 Revenue Up 11%

MarketAxess (NASDAQ:MKTX), the electronic bond-trading platform leader, posted its financial results on August 6, 2025. The big headline: record revenue of $219.5 million (11% year-over-year growth) (GAAP) and Non-GAAP earnings per share (EPS) of $2.00, both edging past analyst expectations ($219.17 million GAAP revenue estimate, $1.96 non-GAAP EPS estimate). This quarter highlighted rapid expansion in trading volumes and solid adoption of new protocols. However, it also revealed continued margin pressure as fee-per-million declined and costs rose. Overall, the period showed strong execution on growth initiatives, but with profit growth trailing revenue gains due to shifting trading mix and expenses. Source: Analyst estimates for the quarter provided by FactSet. MarketAxess runs an electronic trading platform that connects bond investors and market makers to trade fixed-income securities like corporate bonds, government bonds, and emerging market debt. Its business model depends on processing growing volumes of trades, generating commissions, and leveraging technology to make bond trading more efficient than traditional phone-based systems.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool