Q3 Earnings Forecast for MarketAxess Issued By William Blair

Key Points

• William Blair has revised its Q3 2025 earnings estimate for MarketAxess to $1.63 per share, down from $1.87, while the full-year earnings estimate remains at $7.79 per share.
• MarketAxess reported a net margin of 26.62% and a return on equity of 20.41%, with Q2 revenue rising 11% year-over-year to $219.46 million.
• Several analysts have adjusted their ratings and price targets for MarketAxess, with current average ratings showing five Buy ratings and a price target of approximately $216.58.

MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) - Equities researchers at William Blair reduced their Q3 2025 earnings estimates for MarketAxess in a research report issued on Tuesday, October 14th. William Blair analyst J. Schmitt now expects that the financial services provider will earn $1.63 per share for the quarter, down from their previous estimate of $1.87. The consensus estimate for MarketAxess' current full-year earnings is $7.79 per share. William Blair also issued estimates for MarketAxess' Q4 2025 earnings at $1.72 EPS, FY2025 earnings at $7.22 EPS, FY2026 earnings at $8.10 EPS and FY2027 earnings at $9.10 EPS.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.94 by $0.06. MarketAxess had a net margin of 26.62% and a return on equity of 20.41%. The firm had revenue of $219.46 million during the quarter, compared to analyst estimates of $218.05 million. During the same quarter in the prior year, the business posted $1.72 earnings per share. MarketAxess's revenue for the quarter was up 11.0% compared to the same quarter last year.

Several other equities research analysts also recently issued reports on MKTX. Wall Street Zen upgraded shares of MarketAxess from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Piper Sandler set a $180.00 price objective on shares of MarketAxess in a research note on Tuesday. Argus upgraded shares of MarketAxess from a "hold" rating to a "buy" rating and set a $212.00 price objective for the company in a research note on Monday, August 25th. Loop Capital set a $164.00 price objective on shares of MarketAxess in a research note on Tuesday. Finally, Jefferies Financial Group decreased their price objective on shares of MarketAxess from $217.00 to $208.00 and set a "hold" rating for the company in a research note on Monday, August 11th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, MarketAxess has an average rating of "Hold" and an average price target of $216.58.

MarketAxess Stock Performance

Shares of MKTX stock opened at $171.55 on Thursday. MarketAxess has a one year low of $161.61 and a one year high of $296.68. The company has a 50 day moving average price of $181.43 and a 200 day moving average price of $205.04. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 6.81 and a beta of 0.89.

Insider Buying and Selling at MarketAxess

In other MarketAxess news, Director Stephen P. Casper sold 1,600 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $186.59, for a total transaction of $298,544.00. Following the transaction, the director directly owned 43,208 shares in the company, valued at $8,062,180.72. This represents a 3.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Kevin M. Mcpherson sold 1,494 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $185.32, for a total transaction of $276,868.08. Following the transaction, the executive owned 67,681 shares in the company, valued at $12,542,642.92. This trade represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in MarketAxess by 36.3% during the 3rd quarter. CWM LLC now owns 26,046 shares of the financial services provider's stock valued at $4,539,000 after acquiring an additional 6,934 shares during the last quarter. Yousif Capital Management LLC boosted its stake in MarketAxess by 158.9% during the 3rd quarter. Yousif Capital Management LLC now owns 11,707 shares of the financial services provider's stock valued at $2,040,000 after acquiring an additional 7,185 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in MarketAxess by 15.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,781 shares of the financial services provider's stock valued at $833,000 after acquiring an additional 624 shares during the last quarter. Matauro LLC bought a new position in MarketAxess during the 3rd quarter valued at $1,448,000. Finally, Oak Thistle LLC boosted its stake in MarketAxess by 119.2% during the 3rd quarter. Oak Thistle LLC now owns 10,404 shares of the financial services provider's stock valued at $1,813,000 after acquiring an additional 5,657 shares during the last quarter. 99.01% of the stock is currently owned by institutional investors.

MarketAxess Company Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.

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