Zacks Research Expects Reduced Earnings for MarketAxess

Key Points

• Zacks Research has decreased its Q3 2025 earnings per share estimate for MarketAxess from $1.84 to $1.68.
• The consensus estimate for MarketAxess' full-year earnings is currently $7.79 per share.
• Various analysts have recently adjusted their target prices for MarketAxess, with a consensus rating of "Hold" and an average price target of $216.58.

MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) - Investment analysts at Zacks Research decreased their Q3 2025 earnings per share estimates for MarketAxess in a research report issued on Tuesday, October 21st. Zacks Research analyst Team now expects that the financial services provider will post earnings per share of $1.68 for the quarter, down from their prior estimate of $1.84. The consensus estimate for MarketAxess' current full-year earnings is $7.79 per share. Zacks Research also issued estimates for MarketAxess' Q4 2025 earnings at $1.71 EPS, FY2025 earnings at $7.26 EPS, Q1 2026 earnings at $2.16 EPS, Q2 2026 earnings at $1.98 EPS, Q3 2026 earnings at $1.84 EPS, Q4 2026 earnings at $1.80 EPS, FY2026 earnings at $7.79 EPS, Q1 2027 earnings at $2.30 EPS, Q2 2027 earnings at $2.18 EPS, Q3 2027 earnings at $2.02 EPS and FY2027 earnings at $8.56 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, beating analysts' consensus estimates of $1.94 by $0.06. The company had revenue of $219.46 million for the quarter, compared to analyst estimates of $218.05 million. MarketAxess had a return on equity of 20.41% and a net margin of 26.62%.The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $1.72 earnings per share.

A number of other research firms have also issued reports on MKTX. Piper Sandler set a $180.00 target price on MarketAxess in a report on Tuesday, October 14th. Jefferies Financial Group lowered their target price on MarketAxess from $217.00 to $208.00 and set a "hold" rating on the stock in a report on Monday, August 11th. Argus raised MarketAxess from a "hold" rating to a "buy" rating and set a $212.00 target price on the stock in a report on Monday, August 25th. Barclays lowered their target price on MarketAxess from $200.00 to $186.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 8th. Finally, UBS Group lowered their target price on MarketAxess from $255.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday, October 7th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $216.58.

MarketAxess Stock Performance

Shares of MKTX opened at $172.93 on Wednesday. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 6.90 and a beta of 0.89. MarketAxess has a one year low of $161.61 and a one year high of $296.68. The stock's fifty day moving average is $180.17 and its 200-day moving average is $203.78.

Insiders Place Their Bets

In other MarketAxess news, Director Stephen P. Casper sold 1,600 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $186.59, for a total transaction of $298,544.00. Following the completion of the sale, the director directly owned 43,208 shares in the company, valued at approximately $8,062,180.72. This trade represents a 3.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Kevin M. Mcpherson sold 1,494 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $185.32, for a total value of $276,868.08. Following the sale, the executive owned 67,681 shares of the company's stock, valued at $12,542,642.92. The trade was a 2.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.66% of the company's stock.

Institutional Investors Weigh In On MarketAxess

A number of institutional investors have recently bought and sold shares of MKTX. MUFG Securities EMEA plc acquired a new stake in MarketAxess during the 2nd quarter worth about $25,000. Geneos Wealth Management Inc. raised its stake in shares of MarketAxess by 200.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider's stock worth $26,000 after purchasing an additional 80 shares in the last quarter. True Wealth Design LLC raised its stake in shares of MarketAxess by 992.9% during the 2nd quarter. True Wealth Design LLC now owns 153 shares of the financial services provider's stock worth $34,000 after purchasing an additional 139 shares in the last quarter. Harbor Investment Advisory LLC purchased a new stake in shares of MarketAxess during the 2nd quarter worth about $37,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of MarketAxess during the 3rd quarter worth about $53,000. 99.01% of the stock is currently owned by institutional investors and hedge funds.

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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