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MarketAxess Holdings Inc. (MKTX) Q4 2025 Earnings Call Transcript

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This fall: 2026-02-06 Earnings Abstract

EPS of $1.68 beats by $0.04

 | Income of $209.41M (3.46% Y/Y) misses by $1.94M

MarketAxess Holdings Inc. (MKTX) This fall 2025 Earnings Name February 6, 2026 10:00 AM EST

Firm Contributors

Stephen Davidson – Head of Investor Relations
Christopher Concannon – CEO & Director
Ilene Bieler – Chief Monetary Officer

Convention Name Contributors

Patrick Moley – Piper Sandler & Co., Analysis Division
Jeffrey Schmitt – William Blair & Firm L.L.C., Analysis Division
Alex Kramm – UBS Funding Financial institution, Analysis Division
Alexander Blostein – Goldman Sachs Group, Inc., Analysis Division
Christopher O’Brien – Barclays Financial institution PLC, Analysis Division
Daniel Fannon – Jefferies LLC, Analysis Division
Elias Abboud – BofA Securities, Analysis Division
Michael Cyprys – Morgan Stanley, Analysis Division

Presentation

Operator

Women and gents, thanks for standing by, and welcome to the MarketAxess Fourth Quarter and Full Yr 2025 Earnings Convention Name. [Operator Instructions] As a reminder, this convention name is being recorded on February 6, 2026.

I’d now like to show the decision over to Steve Davidson, Head of Investor Relations at MarketAxess. Please go forward, sir.

Stephen Davidson
Head of Investor Relations

Good morning, and welcome to the MarketAxess Fourth Quarter and Full Yr 2025 Earnings Convention Name. For the decision, Chris Concannon, Chief Govt Officer, will give you an replace on our technique and our enterprise; and Ilene. Fazel Bieler, Chief Monetary Officer, will evaluation our monetary outcomes.

Earlier than I flip the decision over to Chris, let me remind you that at this time’s name might embody forward-looking statements. These statements characterize the corporate’s perception concerning future occasions that, by their nature, are unsure. The corporate’s precise outcomes and monetary situation might differ materially from what’s indicated in these forward-looking statements. For a dialogue of a few of the dangers and elements that would have an effect on the corporate’s future outcomes, please see the outline of threat elements in our annual report on Type 10-Okay for the yr ended December 31, 2024. I’d additionally direct you to learn the



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