Business
MarketAxess Reports Fourth Quarter 2020 Revenues of $171.3 Million, Operating Income of $91.7 Million and Diluted EPS of $1.91
12 Consecutive Years of Record Volume, Revenue and Earnings Company Announces Increase in Regular Quarterly Dividend to $0.66 per Share, up from $0.60 Fourth
About this update from Marketaxess Holdings, Inc.
[{"type":"text","content":"12 Consecutive Years of Record Volume, Revenue and Earnings Company Announces Increase in Regular Quarterly Dividend to $0.66 per Share, up from $0.60 Fourth Quarter Financial Highlights* Revenues of $171.3 million, up 32%Operating income of $91.7 million, up 51%Operating margin of 53.5%, up from 46.9%Diluted EPS of $1.91, up 45% from $1.32Open Trading™ credit volume of $218.1 billion, up 63%Record Estimated U.S. high-grade market share of 22.8%, up from 19.9%Record Estimated U.S. high-yield market share of 17.1%, up from 10.6% *All comparisons versus fourth quarter 2019. Full Year 2020 Financial Highlights* Record revenues of $689.1 million, up 35%Record operating income of $374.7 million, up 49%Record operating margin of 54.4%, up from 49.1%Record diluted EPS of $7.85, up 45% from $5.40Record Open Trading™ credit volume of $861.1 billion, up 61% *All comparisons versus full year 2019. NEW YORK, Jan. 27, 2021 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced results for the quarter and year ended December 31, 2020. “In the midst of an economic crisis brought on by the pandemic, the value delivered to our clients through our unique liquidity solutions surged to new all-time highs in 2020,” said Rick McVey, Chairman and CEO of MarketAxess. “New sources of liquidity delivered through Open Trading drove over $1 billion in estimated transaction cost savings to our clients, exceeding total company revenue. Strong market share gains in all core trading products drove revenue growth of 35% for the year, and operating income growth of 49%. In addition, we continue to expand our product pipeline for future growth with new initiatives in Rates, Munis, Data and Post-Trade Services. New records were achieved in active clients trading with over 1,800 institutional investor and dealer firms now utilizing our global marketplace.” Fourth Quarter Results Total revenues for the fourth quarter of 2020 increased 32.0% to $171.3 million, compared to $129.8 million for the fourth quarter of 2019. Operating income was $91.7 million, compared to $60.9 million for the fourth quarter of 2019, an increase of 50.7%. Operating margin was 53.5%, compared to ...