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MARKETAXESS HOLDINGS INC.

(MKTX)
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MarketAxess Says Weaker Dollar Vs Pound Eased 2Q Revenue Loss -- Currency Comment

07/21/2021 | 09:12am EDT

By Paulo Trevisani

MarketAxess Holdings Inc. said Wednesday a weakening U.S. dollar versus the British pound helped curb second-quarter revenue losses.

The New York electronic-trading platform operator reported earnings of $1.77 a share, a 20% drop from a year earlier, on revenues of $176.3 million, 5% lower from the second quarter of 2020.

The fall in revenue was driven by a 9% drop in commissions, while information services, post-trade services and other revenue rose to $19.9 million from $12.7 million a year earlier, MarketAxess said.

Non-commission revenue growth included $1.3 million due to the weaker U.S. dollar to U.K. pound exchange rate, the company said.

The greenback lost 0.4% versus the sterling in the second quarter.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

07-21-21 1112ET

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Financials (USD)
Sales 2021 738 M - -
Net income 2021 283 M - -
Net cash 2021 419 M - -
P/E ratio 2021 64,7x
Yield 2021 0,55%
Capitalization 18 238 M 18 238 M -
EV / Sales 2021 24,1x
EV / Sales 2022 21,0x
Nbr of Employees 606
Free-Float 90,4%
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Technical analysis trends MARKETAXESS HOLDINGS INC.
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Mean consensus HOLD
Number of Analysts 12
Last Close Price 479,94 $
Average target price 477,33 $
Spread / Average Target -0,54%
EPS Revisions
Managers and Directors
Richard Mitchell McVey Chairman & Chief Executive Officer
Christopher R. Concannon President, Chief Operating Officer & Director
Antonio L. DeLise Chief Financial Officer
Nicholas Themelis Chief Information Officer
Michael Baker Chief Technology Officer
Sector and Competitors