Flash FinanceUS
Pre-market S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · MarketAxess (MKTX)

MarketAxess Q3 revenue rises 20% to $206.7 million; founder Rick McVey to retire as chairman

Positive Impact 4 of 5 earnings Written later

MarketAxess reported third-quarter 2024 revenue of $206.7 million, up 20% from a year earlier, and diluted earnings per share of $1.90, up 30%. The company also said Executive Chairman Rick McVey, its founder, will retire effective December 31, 2024, and Carlos Hernandez will become chairman on January 1, 2025.

Key points

  • Q3 2024 total revenues of $206.7 million, up 20%; net income of $71.5 million and diluted EPS of $1.90, up 30%
  • Rick McVey retires as executive chairman and director effective December 31, 2024; he will stay as chairman of MarketAxess Limited
  • Carlos Hernandez to become chairman of the Board effective January 1, 2025; Nancy Altobello stops serving as Lead Independent Director on that date
  • Quarterly cash dividend of $0.74 per share, payable December 4, 2024 to holders of record on November 20, 2024

The filing

CompanyMarketAxess (MKTX)
Form8-K, current report
Filed with the SECNov 6, 2024, 6:30 AM ET
Accession number0001193125-24-251660

Items reported: 2.02 Results of Operations5.02 Director / Officer Change7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.