MarketAxess Reports Second Quarter 2026 Financial Results
MarketAxess reported Q2 total revenue of $218.4 million, flat year-over-year, with diluted GAAP EPS of $1.93 compared to $1.91 in the prior year. Services revenue increased 14% to a record $31.5 million, while portfolio trading ADV rose 33% to $2.0 billion. The company simultaneously announced that it has entered into a definitive agreement to be acquired by Intercontinental Exchange (ICE).
Key figures
- Eps
- 1.93
- Revenue
- $218.4 million
- Guidance
- suspended and 2026 annual guidance withdrawn
- Adj eps
- 1.95
- Services revenue
- $31.5 million
- Block trading adv
- $5.9 billion
- Operating margin adj
- 41.9%
- Portfolio trading adv
- $2.0 billion
AI analysis
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