Business
MarketAxess Reports Fourth Quarter 2021 Revenues of $165.1 Million, Operating Income of $72.6 Million and Diluted EPS of $1.37
Company Announces Increase in Regular Quarterly Dividend to $0.70 per Share, up from $0.66, and Approval of $150 Million Share Repurchase Program Full Year
About this update from Marketaxess Holdings, Inc.
[{"type":"text","content":"Company Announces Increase in Regular Quarterly Dividend to $0.70 per Share, up from $0.66, and Approval of $150 Million Share Repurchase Program Full Year 2021 Financial Highlights* Record revenues of $699.0 million, up 1%; 2-year compound annual growth rate of 17%Record Emerging Markets commission revenue of $104.1 million, up 17%Operating income of $337.2 million, down 10%Operating margin of 48.2%Free cash flow of $296.7 millionDiluted EPS of $6.77, down 14% from $7.85Estimated combined U.S. High-Grade and High-Yield market share of 19.3%; approximately 92% of credit volume on the platform was executed by institutional clients Fourth Quarter Financial Highlights** Revenues of $165.1 million, down 4%Operating income of $72.6 million, down 21%Diluted EPS of $1.37, down 28% from $1.91Estimated combined U.S. High-Grade and High-Yield market share of 19.5%; approximately 92% of credit volume on the platform was executed by institutional clientsEmerging Markets volume of $160.6 billion, up 15%Record estimated Eurobond market share of 13.2%, up from 11.1%Record active total client firms of 1,877 and international client firms of 956 *All comparisons versus full year 2020. **All comparisons versus fourth quarter 2020. NEW YORK, Jan. 26, 2022 (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, 2021. “In 2021, we continued to execute our growth strategy, significantly enhancing the value of our unique liquidity solutions for clients on our global marketplace,” said Rick McVey, Chairman and CEO of MarketAxess. “We delivered strong performance across our core markets compared to pre-pandemic levels, and momentum continued to build in our newer markets, including Global EM, Munis, and Rates, where we are growing our share of the addressable e-trading opportunity. Our investments in new trading protocols and trading automation solutions continue to gain traction, driving higher trading efficiency and lower trading costs for our clients. We also benefited from strong revenue growth in Data and Post-Trade Services, reflecting their increasing importance in driving trading activity and diversi...