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AI brief of an SEC Form 8-K · MarketAxess (MKTX)

MarketAxess Q3 revenue rises 1% to $208.8 million; EPS falls 3% to $1.84

Mixed Impact 3 of 5 earnings Written later

MarketAxess reported third-quarter 2025 results on November 7, 2025. Revenue rose 1% to $208.8 million, but net income fell 4% to $68.3 million and diluted EPS fell 3% to $1.84, as expenses rose 3% and U.S. credit commission revenue declined 7%. The company also declared a quarterly dividend of $0.76 per share.

Key points

  • Total revenues of $208.8 million rose 1% year over year; total commission revenue of $180.2 million was flat.
  • Diluted EPS of $1.84 fell 3%, and GAAP net income of $68.3 million fell 4%.
  • Total expenses rose 3% to $123.2 million, and U.S. credit commission revenue fell 7%, which management attributed to lower volatility, tighter credit spreads and September issuance.
  • Quarterly dividend of $0.76 per share is payable December 3, 2025, to holders of record on November 19, 2025.

The filing

CompanyMarketAxess (MKTX)
Form8-K, current report
Filed with the SECNov 7, 2025, 6:30 AM ET
Accession number0001193125-25-270945

Items reported: 2.02 Results of Operations8.01 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 07, 2025.

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.