MarketAxess rises on dividend increase, higher transactions

MarketAxess Holdings

06/02/2025 18:25

** Shares of bond trading platform MarketAxess Holdings
 MKTX.O  rise more than 2% in afternoon trading
    ** Co declares dividend for Q1 2025 of 76 cents per share,
up 2 cents from the year-ago period
    ** Total credit average daily volumes (ADV) — a measure of
the average daily number of bond transactions on MarketAxess'
platform — rise 6% from a year ago
    ** ADV for U.S. government bonds up 61%; emerging markets
credit climb 18%
    ** Co, however, reports a drop in Q4 profit of 6.4% from the
year-ago period, and misses revenue expectations
    ** Stock down 12.9% YTD, as of previous close, and dropped
~22% in 2024

 (Reporting by Ateev Bhandari in Bengaluru)
 ((Ateev.Bhandari@thomsonreuters.com;))