MarketAxess Q3 2022 Earnings Report
Key Takeaways
MarketAxess reported revenues of $172.1 million, up 6%, and diluted EPS of $1.58, up 4%. The company saw record levels of estimated market share and strong growth in trading volume, driven by Open Trading liquidity.
Revenues increased by 6% to $172.1 million.
Diluted EPS increased by 4% to $1.58.
Total trading average daily volume (ADV) increased by 32% to $31.4 billion.
Record composite corporate bond market share of 20.6%, up from 18.9%.
MarketAxess
MarketAxess
MarketAxess Revenue by Segment
Forward Guidance
MarketAxess refined its full year 2022 expense guidance range from $385.0 million - $415.0 million to $390.0 million - $398.0 million. The company also refined its capital expenditure guidance range from $58.0 million - $62.0 million to $48.0 million - $52.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income