Every material Form 8-K MarketAxess filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
MarketAxess reported record second-quarter 2025 revenue of $219.5 million, up 11% from a year earlier, and diluted earnings per share of $1.91, up from $1.72. Excluding notable items, EPS was $2.00, up 16%, after $4.0 million in repositioning charges and a $0.6 million acquisition-related charge. The board also declared a $0.76 per share quarterly dividend, payable September 3, 2025, to holders of record on August 20, 2025.
Total revenues rose 11% to a record $219.5 million, including an approximately $2.1 million benefit from foreign currency fluctuations
Diluted EPS of $1.91 compared with $1.72 a year earlier; EPS excluding notable items was $2.00, up 16%
Net income was $71.2 million versus $64.9 million in the prior-year quarter; notable items included $4.0 million in repositioning charges, mainly severance
Quarterly dividend of $0.76 per share, payable September 3, 2025 to stockholders of record as of August 20, 2025
MarketAxess named Dean Berry, currently Group Head of Workflows at London Stock Exchange Group, as Group Chief Operating Officer and Chief Executive Officer of EMEA & APAC. He is expected to start in the fourth quarter of 2025 and will act as the company's principal operating officer for SEC filing purposes, with oversight of global operations, risk, product and technology. The filing details a base salary of GBP 560,000 and several one-time awards to offset compensation he would forfeit at his current employer.
Start date expected in Q4 2025; based in London and will report to CEO Chris Concannon
Base salary of GBP 560,000 and target 2026 year-end cash incentive of GBP 840,000
One-time cash lost opportunity award of GBP 500,000 and cash make-whole award of GBP 500,000
Equity awards include a GBP 1.8 million annual target grant value, a GBP 1.563 million lost opportunity award and a GBP 3.437 million make-whole award
MarketAxess reported first-quarter 2025 revenue of $208.6 million, down 1% from a year earlier, and GAAP diluted EPS of $0.40, down from $1.92. The drop reflects a $54.9 million reserve for uncertain tax positions tied to prior periods, and the company raised its full-year 2025 GAAP effective tax rate guidance to 41.0% to 42.0%, which lowers expected earnings for shareholders. The company also declared a $0.76 quarterly dividend.
Total revenues of $208.6 million, down 1% from $210.3 million in 1Q24; total credit commission revenue fell 3%.
GAAP diluted EPS of $0.40 on net income of $15.1 million; EPS was $1.87 excluding the $54.9 million tax reserve, per the company's non-GAAP measure.
Full-year 2025 GAAP effective tax rate guidance raised to 41.0% to 42.0% from 23.5% to 24.5%.
Quarterly dividend of $0.76 per share, payable June 4, 2025 to holders of record on May 21, 2025.
MarketAxess reported fourth-quarter 2024 revenue of $202.4 million, up 3% from a year earlier, while net income fell 6% to $65.1 million and diluted EPS fell 6% to $1.73. For the full year, revenue rose 9% to $817.1 million and diluted EPS rose 6% to $7.28, and the company guided 2025 expenses to $505.0 million to $525.0 million. The board also declared a quarterly dividend of $0.76 per share.
Q4 2024 total revenue of $202.4 million, up 3%; net income of $65.1 million, down 6%
Full year 2024 total revenue of $817.1 million, up 9%; diluted EPS of $7.28, up 6%
Quarterly cash dividend of $0.76 per share, payable March 5, 2025 to holders of record on February 19, 2025
2025 expense guidance of $505.0 million to $525.0 million; midpoint implies an increase of approximately 8%
MarketAxess's board elected Roberto Hoornweg as a director on January 23, 2025, effective March 1, 2025. The board found him independent under NASDAQ rules and appointed him to its Risk Committee and Finance Committee. The filing describes a board addition and does not report any change to the company's financial results or outlook.
Board elected Roberto Hoornweg on January 23, 2025; service begins March 1, 2025
Appointed to the Risk Committee and Finance Committee, effective March 1, 2025
Most recently Co-Head, Corporate & Investment Banking at Standard Chartered, appointed April 2024
Company says he will receive the same compensation structure as other non-employee directors
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every MarketAxess filing is on SEC EDGAR ↗. 8-K briefs of other companies →