MarketAxess Q1 2022 Earnings Report
Key Takeaways
MarketAxess reported revenues of $186.1 million, the second highest quarterly revenue level, with a diluted EPS of $1.71. The company saw record total trading average daily volume of $37.5 billion, driven by record U.S. Treasury ADV of $25.1 billion. The company reconfirms full-year 2022 effective tax rate guidance range of 24.0% to 26.0%.
Revenues reached $186.1 million, marking the second-highest quarterly revenue.
Total trading ADV hit a record $37.5 billion, up 22% year over year.
Diluted EPS was $1.71, including a negative impact from tax and other items.
The company delivered $201 million in estimated transaction cost savings for clients through Open Trading.
MarketAxess
MarketAxess
MarketAxess Revenue by Segment
Forward Guidance
MarketAxess reconfirms its full-year 2022 effective tax rate guidance range of 24.0% to 26.0%, excluding the non-recurring tax charge.
Revenue & Expenses
Visualization of income flow from segment revenue to net income