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Dec 31, 2022
MarketAxess Q4 2022 Earnings Report
MarketAxess reported an increase in revenue, driven by strong performance in credit trading and market share gains across various products. The company also saw growth in EPS and EBITDA, reflecting operational efficiency and strategic execution.
Key Takeaways
MarketAxess reported an 8% increase in revenues to $177.9 million for Q4 2022. Diluted EPS increased by 15% to $1.58, and operating income rose by 7% to $77.7 million. The company achieved record market share across several product areas and a 24% growth in total credit average daily volume.
Revenues increased by 8% to $177.9 million, driven by growth in credit trading and market share gains.
Diluted EPS increased by 15% to $1.58, reflecting improved profitability.
Operating income rose by 7% to $77.7 million, with a stable operating margin of 43.7%.
Total credit trading average daily volume (ADV) grew by 24% to $12.0 billion.
Revenue by Segment
Forward Guidance
MarketAxess anticipates total expenses between $418.0 million and $446.0 million for FY 2023. They expect an effective tax rate between 25.0% and 26.0%. Capital expenditures are projected to be in the range of $52.0 million to $58.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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