MARKETAXESS HOLDINGS Reports Record Earnings for FY2023 Q2
July 26, 2023
🌥️Earnings Overview
On July 20 2023, MARKETAXESS HOLDINGS ($NASDAQ:MKTX) reported their earnings results for the second quarter of FY2023, which ended on June 30 2023. The company’s total revenue was USD 179.8 million – a 1.3% decrease from the same period in the previous year. Net income for this quarter was USD 59.9 million, a 10.5% decrease from the year before.
Price History
MARKETAXESS HOLDINGS, a leading global provider of innovative trading solutions and analytics, reported record earnings for Fiscal Year 2023 Quarter 2. On Thursday, the company’s stock opened at $260.9 and closed at $266.9, a 2.2% increase from the previous closing price of 261.1. The record earnings are a result of the company’s strong performance in the fixed income and equities markets, as well as its continued focus on providing innovative products and services to its clients. MARKETAXESS HOLDINGS has made significant investments in technology and data analytics, allowing it to better serve its clients’ needs. The company’s suite of trading solutions has seen tremendous improvements over the past few years, allowing traders to make more informed decisions in a timely manner.
Additionally, the company’s focus on analytics and data-driven research has enabled it to stay ahead of the competition in terms of providing timely and accurate insights regarding market trends and opportunities. The company’s strong financial performance has led to the positive outlook for the rest of FY2023 and beyond. With its continued commitment to innovation, MARKETAXESS HOLDINGS is well-positioned to continue driving record earnings in the future. The market can expect to see further increases in the company’s stock price as investors become increasingly confident in the firm’s long-term growth prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Marketaxess Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 733.03 | 252.02 | 34.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Marketaxess Holdings. More…
| Operations | Investing | Financing |
| 320.49 | -86.27 | -242.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Marketaxess Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.62k | 454.1 | 30.93 |
Key Ratios Snapshot
Some of the financial key ratios for Marketaxess Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.0% | 0.3% | 45.8% |
| FCF Margin | ROE | ROA |
| 36.6% | 18.4% | 13.0% |
Analysis
At GoodWhale, we have conducted an analysis of MARKETAXESS HOLDINGS‘s fundamentals. Our Star Chart analysis gives a high health score of 10/10 for MARKETAXESS HOLDINGS when it comes to cashflows and debt, indicating that it is well-positioned to sustain operations in times of crisis. MARKETAXESS HOLDINGS also scores highly in asset, dividend, growth, and profitability. This puts MARKETAXESS HOLDINGS in the ‘rhino’ category, which we define as companies that have achieved some moderate revenue or earnings growth. This kind of company would likely attract investors looking for safe and steady returns, as well as those looking for companies that are growing at a sustainable rate. Additionally, as MARKETAXESS HOLDINGS has a strong financial base, it could be attractive to long-term investors and those looking to invest in a stable asset. More…
Peers
MarketAxess Holdings Inc is a leading financial markets technology company. It provides an electronic trading platform for fixed income securities, including corporate bonds, government and agency bonds, asset-backed securities, and credit default swaps. The company’s competitors include Tradeweb Markets Inc, Aryaman Capital Markets Ltd, and Matsui Securities Co Ltd.
– Tradeweb Markets Inc ($NASDAQ:TW)
Tradeweb Markets Inc is a financial markets platform company. It has a market cap of 10.91B and a ROE of 6.51%. The company offers electronic trading for a variety of fixed income products, including government bonds, corporate bonds, mortgage-backed securities, and credit default swaps. It also provides post-trade processing and analytics. The company was founded in 1996 and is headquartered in New York, New York.
– Aryaman Capital Markets Ltd ($BSE:538716)
With a market cap of 707.85M as of 2022, Aryaman Capital Markets Ltd is a company that is doing quite well. The company has a Return on Equity of 10.69%. The company deals in providing financial services and is based in India. The company is doing quite well in terms of its market cap and ROE.
– Matsui Securities Co Ltd ($TSE:8628)
Matsui Securities Co., Ltd. is a Japanese securities firm headquartered in Tokyo. It is a member of the Nikkei 225 stock index. The company was founded in 1931 and its current president is Takuya Matsui. The company offers a range of services including retail and institutional brokerage, investment banking, and research. It has offices in Tokyo, Osaka, Nagoya, and Fukuoka.
Summary
MARKETAXESS HOLDINGS reported their earnings results for the second quarter of FY2023 on July 20 2023. Total revenue decreased by 1.3% to USD 179.8 million compared to the same period last year, while net income decreased by 10.5%, settling at USD 59.9 million. For investors, MARKETAXESS HOLDINGS presents an interesting opportunity due to their stable business model and diversified revenue streams. With a focus on cost efficiency and prudent capital management, investors may find that the company’s stock offers good value in the long term.
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