MarketAxess Holdings Q4 2025 Earnings Call: Complete Transcript

NodeGuardian · 2026-02-10T16:33:37+00:00

MarketAxess Holdings achieved record revenue of $846 million in 2025, fueled by growth in non-US credit areas and block trading. The company is enhancing its global network and utilizing AI to increase trading volumes while maintaining strong investor returns and steady financial targets.

NodeGuardian

2026-02-10 16:33:37

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MarketAxess Holdings reported record 2025 revenue of $846 million, driven by strong growth in product areas outside US credit and significant block trading activity. The company is strategically focused on expanding its global network, enhancing liquidity through new protocols like Midex and closing auctions, and leveraging AI with its proprietary data to boost trading volumes. MarketAxess also completed a $300 million ASR, returned $474 million to investors in 2025, and reiterated its three-year financial targets for revenue growth and operating margin expansion, despite a slight decline in US credit revenue.

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