MarketAxess Q3 EPS $1.53; Withdraws 2026 Guidance and Suspends Calls Pending ICE Deal
MKTX sits 51% above its 52-week low of $108.75.
Summary
MarketAxess reported Q3 revenue of $210.4M (+1%) and GAAP EPS of $1.53, then withdrew 2026 guidance and suspended earnings calls and monthly volume releases, citing its pending $167-per-share cash sale to ICE.
Key Events · Earnings and Guidance · MKTX
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Q3 Revenue Up 1%, EPS Down 17%
Total revenues came in at $210.4M versus $208.8M a year ago, while GAAP diluted EPS was $1.53 versus $1.84, or $1.86 excluding $13.1M of merger-related notable items.
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Credit Take Rate Compresses
Credit commission revenue declined 2% to $161.2M as total credit FPM fell 9% to $127 from $140, partly offset by 7% growth in total credit ADV.
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Guidance Withdrawn, Calls Suspended
Citing the pending ICE merger, MarketAxess withdrew its 2026 annual guidance and medium-term targets and suspended earnings calls and monthly volume press releases.
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Dividend of $0.78 Declared
A quarterly cash dividend of $0.78 per share is payable November 25, 2026 to stockholders of record as of November 11, 2026.
Analysis · MKTX · Crypto Assets
Revenue for the quarter edged up just 1% to $210.4M while GAAP EPS fell 17% to $1.53, and credit commission revenue slipped 2% as the credit fee per million dropped 9% to $127. For holders, the more consequential move is the formal withdrawal of 2026 guidance and medium-term targets, along with the suspension of earnings calls and monthly volume releases, all tied to the pending $167-per-share cash acquisition by ICE. With the stock effectively pinned to the deal price, the operating numbers carry less weight than the merger timeline: the DOJ/FTC granted early HSR termination on October 21, 2026, and completion still hinges on a stockholder vote and remaining regulatory approvals.
How filings like this one have moved
In the 30 days to Oct 23, 2026, 29.6% of the 1590 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MKTX was trading at $164.65 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $5.8B. The 52-week trading range was $108.75 to $195.97. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.