Oct 23, 4:22 PM ET
MarketAxess filed supplemental disclosures to its definitive proxy statement for its proposed merger with Intercontinental Exchange, which stockholders will vote on at a special meeting on October 29, 2026. The company made the additions to address three state court complaints and 15 stockholder demand letters alleging the proxy was incomplete or misleading, while denying the claims and saying no further disclosure is required.
- Three stockholder complaints were filed in New York state courts between October 6 and October 15, 2026, seeking to block the merger until more disclosure is made.
- As of October 23, 2026, the company had received 15 stockholder demand letters making similar allegations.
- The filing discloses that on May 27, 2026, Intercontinental Exchange proposed $175.00 per share in cash, a premium of about 33.6% to the May 27 closing price of $130.94.
Read the filing on SEC.gov ↗
Oct 23, 6:30 AM ET
MarketAxess reported third-quarter 2026 revenue of $210.4 million, up 1% from a year earlier, while diluted EPS fell to $1.53 from $1.84 as expenses rose 10% and included $13.1 million of merger-related costs. The company withdrew its 2026 annual guidance and medium-term targets, and it declared a $0.78 quarterly dividend, both tied to its pending merger with Intercontinental Exchange, under which shareholders would receive $167.00 in cash per share.
- Q3 2026 revenue $210.4 million, up 1%; net income $54.0 million, down 21%; diluted EPS $1.53 vs. $1.84 a year earlier
- EPS excluding notable items was $1.86, up 1% from $1.84; operating margin was 35.4%, down 560 basis points
- 2026 annual guidance and medium-term financial targets withdrawn; earnings conference calls and monthly volume releases suspended
- Merger with ICE at $167.00 cash per share; DOJ and FTC granted early termination of the HSR waiting period on October 21, 2026; stockholder approval and other conditions remain
Read the filing on SEC.gov ↗
Oct 22, 1:21 PM ET
MarketAxess said the US Department of Justice and Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period, effective October 21, 2026. This satisfies the HSR Act condition to close the merger with Intercontinental Exchange, which was announced July 29, 2026. The merger still requires approval by MarketAxess stockholders and other required regulatory approvals.
- DOJ and FTC granted early termination of the HSR Act waiting period, effective October 21, 2026
- The HSR Act closing condition is now satisfied
- Remaining conditions include stockholder approval and other required regulatory approvals
- Definitive Proxy Statement was filed with the SEC on September 18, 2026
Read the filing on SEC.gov ↗
Jul 30, 7:50 AM ET
MarketAxess agreed to be acquired by Intercontinental Exchange (ICE) and released second-quarter 2026 results alongside the deal, with revenue flat year over year at $218.4 million. The company also withdrew its 2026 annual guidance and medium-term financial targets, canceled its earnings call, and suspended its monthly volume releases, so shareholders have no forward outlook from management while the deal is pending.
- Q2 2026 total revenues were $218.4 million, flat versus $219.5 million in Q2 2025; net income was $68.3 million versus $71.2 million.
- Diluted EPS was $1.93 versus $1.91 a year earlier; excluding notable items, EPS was $1.95 versus $2.00.
- The company withdrew its 2026 annual guidance and medium-term financial targets and canceled the earnings call planned for August 7, 2026.
- The board declared a $0.78 per share quarterly dividend, payable September 2, 2026 to holders of record on August 19, 2026.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.