MarketAxess reported second-quarter revenue of $218.42 million, a 0.5% decline from the prior year but slightly above the Zacks Consensus Estimate of $217.34 million. Earnings per share came in at $1.95, compared to $2.00 a year ago and surpassing the consensus estimate of $1.88. Total average daily volume reached $43.07 billion, below the $45.87 billion analysts had projected, with credit trading average daily volume of $16.85 billion and rates trading average daily volume of $26.22 billion. Commission revenue fell 2.5% to $186.9 million, while information services revenue rose 23% to $16.09 million, post-trade services revenue increased 4.7% to $11.6 million, and technology services revenue grew 8.5% to $3.83 million.
MarketAxess Holdings IncQ2 revenue and EPS beat consensus estimates, despite slight declines year-over-year.