https://assets.capyfin.com/instruments/678fdc13234e27009c5d5b62.png avatar
MarketAxess
🇺🇸 NASDAQ:MKTX
View Company
OverviewEarningsDividends
•
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.

Total Revenue
$178M
Previous year: $165M
+7.8%
EPS
$1.58
Previous year: $1.37
+15.3%
Total Credit Trading Vol.
$738B
Previous year: $604B
+22.1%
Total Rates Trading Vol.
$1.12T
Previous year: $1.21T
-7.0%
US High-Grade Volume
$335B
Previous year: $278B
+20.5%
Gross Profit
$134M
Previous year: $124M
+8.0%
Cash and Equivalents
$431M
Previous year: $507M
-15.0%
Free Cash Flow
$128M
Previous year: $143M
-10.5%
Total Assets
$1.61B
Previous year: $1.5B
+7.2%

MarketAxess

MarketAxess

MarketAxess 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

Company Overview

Full financial data and analysis

View MarketAxess