7/105 sources · 4 publishersUpdated Oct 23, 12:33 UTC
MarketAxess posts mixed Q3 results and receives early HSR termination for ICE merger
MarketAxess reported Q3 2026 revenue of $210.4 million, flat year‑over‑year and 4.7% below analyst estimates. Adjusted EPS came in at $1.86, missing consensus by $0.09, while credit commission revenue fell 2% to $161.2 million and rates commission revenue rose 34% to $8.9 million. The company also received early termination of the Hart‑Scott‑Rodino waiting period for its pending merger with ICE.
Why it matters
The earnings miss may weigh on MKTX’s share price in the short term, while the early HSR clearance clears a regulatory hurdle for the ICE merger, potentially unlocking future synergies.
Key facts
- 1Credit commission revenue declined 2% to $161.2 million. tradingview.com
- 2Rates commission revenue increased 34% to $8.9 million. tradingview.com
- 3Q3 earnings were $53.9 million, or $1.53 per share (GAAP). finance.yahoo.com
- 4Adjusted (Non‑GAAP) EPS was $1.86 per share. finance.yahoo.com
- 5Revenue was $210.4 million, flat year‑over‑year. finance.yahoo.com
- 6Revenue missed consensus estimates of $220.8 million by 4.7%. finance.yahoo.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.