MarketAxess Holdings Future Growth

Future criteria checks 2/6

MarketAxess Holdings is forecast to grow earnings and revenue by 11% and 9% per annum respectively. EPS is expected to grow by 10.7% per annum. Return on equity is forecast to be 19.7% in 3 years.

Key information

11.0%

Earnings growth rate

10.7%

EPS growth rate

Capital Markets earnings growth	14.2%
Revenue growth rate	9.0%
Future return on equity	19.7%
Analyst coverage	Good
Last updated	12 Jun 2024

Recent future growth updates

Recent updates

Subdued Growth No Barrier To MarketAxess Holdings Inc. (NASDAQ:MKTX) With Shares Advancing 26%

Dec 27

MarketAxess Q3 2022 Earnings Preview

Oct 18

Narrowing Down High-Quality Dividend Growth: Maybe It's Time For MarketAxess

Aug 29

MarketAxess saw a 6.9% M/M drop in July total trading ADV

Aug 03

MarketAxess Q2 2022 Earnings Preview

Jul 19

MarketAxess Or Tradeweb, Which Is The Better Stock?

Jul 01

MarketAxess: Approaching A Defensible Valuation

Apr 12

MarketAxess Holdings Stock: A Transitional Year For Growth

Feb 08

High Quality Dividend Growth Near 52-Week Lows: MarketAxess Merits Examination

Nov 20

Formerly High-Flying MarketAxess Still Risky Even At 52-Week Lows

Oct 12

Earnings and Revenue Growth Forecasts

NasdaqGS:MKTX - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	993	345	387	391	8
12/31/2025	899	301	322	421	13
12/31/2024	814	265	268	341	13
3/31/2024	760	257	265	321	N/A
12/31/2023	753	258	281	334	N/A
9/30/2023	733	248	269	326	N/A
6/30/2023	733	252	279	332	N/A
3/31/2023	735	259	269	320	N/A
12/31/2022	718	250	237	289	N/A
9/30/2022	705	243	256	301	N/A
6/30/2022	695	242	233	278	N/A
3/31/2022	690	242	232	282	N/A
12/31/2021	699	258	231	282	N/A
9/30/2021	705	279	313	364	N/A
6/30/2021	707	288	203	253	N/A
3/31/2021	716	305	214	261	N/A
12/31/2020	689	299	359	404	N/A
9/30/2020	648	277	220	266	N/A
6/30/2020	615	263	339	382	N/A
3/31/2020	556	227	305	347	N/A
12/31/2019	511	205	231	266	N/A
9/30/2019	494	200	210	247	N/A
6/30/2019	464	185	209	247	N/A
3/31/2019	445	177	186	232	N/A
12/31/2018	436	173	176	224	N/A
9/30/2018	422	160	159	200	N/A
6/30/2018	416	156	149	185	N/A
3/31/2018	405	154	145	169	N/A
12/31/2017	393	148	N/A	168	N/A
9/30/2017	389	148	N/A	178	N/A
6/30/2017	384	145	N/A	179	N/A
3/31/2017	384	140	N/A	173	N/A
12/31/2016	368	126	N/A	90	N/A
9/30/2016	352	117	N/A	77	N/A
6/30/2016	336	109	N/A	60	N/A
3/31/2016	315	100	N/A	57	N/A
12/31/2015	303	96	N/A	125	N/A
9/30/2015	297	93	N/A	118	N/A
6/30/2015	287	88	N/A	114	N/A
3/31/2015	276	82	N/A	110	N/A
12/31/2014	262	75	N/A	110	N/A
9/30/2014	252	69	N/A	92	N/A
6/30/2014	249	69	N/A	97	N/A
3/31/2014	248	70	N/A	91	N/A
12/31/2013	239	69	N/A	91	N/A
9/30/2013	227	74	N/A	96	N/A
6/30/2013	212	69	N/A	86	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MKTX's forecast earnings growth (11% per year) is above the savings rate (2.4%).

Earnings vs Market: MKTX's earnings (11% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: MKTX's earnings are forecast to grow, but not significantly.

Revenue vs Market: MKTX's revenue (9% per year) is forecast to grow faster than the US market (8.6% per year).

High Growth Revenue: MKTX's revenue (9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MKTX's Return on Equity is forecast to be low in 3 years time (19.7%).

MarketAxess Holdings Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target decreased by 7.2% to US$266

Price target increased by 8.2% to US$280

Price target decreased by 7.7% to US$251

Price target decreased by 9.3% to US$299

Price target decreased by 7.1% to US$319

Price target increased by 16% to US$359

Recent updates

Now 21% overvalued

Now 23% overvalued

MarketAxess May Be The Future

MarketAxess Holdings Inc. Appoints John Maggiacomo as Head of Client Sales in North America

Now 21% overvalued

First quarter dividend of US$0.74 announced

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Marketaxess Holdings Inc. Declares Quarterly Cash Dividend, Payable on June 5, 2024

MarketAxess Holdings Inc. Appoints Dan Burke as Global Head of Emerging Markets

MarketAxess Holdings Inc., Annual General Meeting, Jun 05, 2024

MarketAxess Holdings Inc., Annual General Meeting, Jun 05, 2024

MarketAxess Holdings Inc. to Report Q1, 2024 Results on May 07, 2024

MarketAxess Holdings Inc.'s (NASDAQ:MKTX) Price Is Out Of Tune With Earnings

Now 23% overvalued

MarketAxess Holdings Inc. Appoints Ilene Fiszel Bieler as Chief Financial Officer, Effective from on or About May 22, 2024

MarketAxess Holdings: 2024 Setting Up To Be A Make Or Break Year

Full year 2023 earnings: EPS exceeds analyst expectations

Chief Revenue Officer recently sold US$443k worth of stock

Now 20% overvalued

Price target decreased by 7.2% to US$266

Upcoming dividend of US$0.74 per share at 1.3% yield

Fourth quarter dividend increased to US$0.74

New minor risk - Insider selling

MarketAxess Holdings Inc. Declares Quarterly Cash Dividend, Payable on February 28, 2024

MarketAxess Holdings Inc. Appoints Michael R. Cianciulli as Head of External Reporting, as Interim Principal Accounting Officer

Founder & Executive Chairman exercised options to buy US$2.6m worth of stock.

MarketAxess Holdings Inc. to Report Q4, 2023 Results on Jan 31, 2024

Price target increased by 8.2% to US$280

Subdued Growth No Barrier To MarketAxess Holdings Inc. (NASDAQ:MKTX) With Shares Advancing 26%

MarketAxess Holdings Inc. Announces Christopher N. Gerosa Will Stepdown as Chief Financial Officer, Effective January 31, 2024

Upcoming dividend of US$0.72 per share at 1.3% yield

Price target decreased by 7.7% to US$251

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

MarketAxess Holdings Inc. Declares Quarterly Dividend, Payable on November 22, 2023

MarketAxess Holdings Inc. to Report Q3, 2023 Results on Oct 25, 2023

MarketAxess Launches Open Trading® for Emerging Market Local Currency Bonds

MarketAxess Holdings Inc. Appoints Carlos Hernandez to Board of Directors

CEO & Director recently bought US$1.0m worth of stock

Upcoming dividend of US$0.72 per share at 1.1% yield

MarketAxess Holdings Inc. Declares Quarterly Cash Dividend, Payable on August 16, 2023

MarketAxess Appoints Roheet Shah as Head for its Operations in Hong Kong

Second quarter 2023 earnings: Revenues and EPS in line with analyst expectations

Price target decreased by 9.3% to US$299

MarketAxess Holdings Inc. to Report Q2, 2023 Results on Jul 20, 2023

Price target decreased by 7.1% to US$319

Marketaxess Holdings Inc. Announces First Client Algo Trade Using Adaptive Auto-X

Global Head of Sales recently sold US$825k worth of stock

Global Head of Sales notifies of intention to sell stock

Insufficient new directors

Upcoming dividend of US$0.72 per share at 0.9% yield

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Independent Director recently sold US$349k worth of stock

Upcoming dividend of US$0.72 per share at 0.8% yield

Price target increased by 16% to US$359

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

MarketAxess Holdings Inc. Declares Regular Quarterly Cash Dividend for the Fourth Quarter of 2022

MarketAxess Holdings Inc. to Report Q4, 2022 Results on Jan 25, 2023

Price target increased to US$292

MarketAxess Holdings Inc. Announces CEO Changes

Chairman & CEO exercised options and sold US$2.4m worth of stock

Investor sentiment improved over the past week

Upcoming dividend of US$0.70 per share

Third quarter 2022 earnings: EPS exceeds analyst expectations

MarketAxess Q3 2022 Earnings Preview

MarketAxess Holdings Inc. to Report Q3, 2022 Results on Oct 19, 2022

Narrowing Down High-Quality Dividend Growth: Maybe It's Time For MarketAxess

MarketAxess saw a 6.9% M/M drop in July total trading ADV

Upcoming dividend of US$0.70 per share

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind