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Marketaxess Holdings Inc (MKTX) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Marketaxess Holdings Inc

CIK: 1278021 Ticker: MKTX

Exhibit 99.1

 

LOGO

MARKETAXESS REPORTS FOURTH QUARTER 2014 RECORD REVENUES OF $70.2

MILLION, RECORD PRE-TAX INCOME OF $33.5 MILLION AND RECORD DILUTED EPS

FROM CONTINUING OPERATIONS OF $0.57

Company Announces 25% Increase in Regular Quarterly Dividend to $0.20 per Share,

up from $0.16

Fourth Quarter Financial Highlights*

 

    Record revenues of $70.2 million, up 16.1%

 

    Record pre-tax income of $33.5 million from continuing operations, up 35.0%

 

    Record diluted EPS from continuing operations of $0.57, up from $0.41

 

    Record total trading volume of $211.4 billion, up 23.4%

 

    Record estimated U.S. high grade market share of 16.1% up from 13.9%

 

*  All comparisons versus fourth quarter 2013.

Full Year 2014 Financial Highlights**

 

    Record revenues of $262.8 million, up 10.1%

 

    Record pre-tax income of $118.5 million from continuing operations, up 10.5%

 

    Record diluted EPS from continuing operations of $1.97, up from $1.81

 

    Record total trading volume of $767.0 billion, up 10.6%

 

    Estimated U.S. high grade market share of 14.5%, up from 13.8%

 

**  All comparisons versus full year 2013.

NEW YORK, January 28, 2015

– 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 fourth quarter and full year ended December 31, 2014.

“We are pleased to report record revenues, pre-tax income and EPS driven by record volume and market share for the fourth quarter and the full year. Higher credit market volatility during the quarter caused an increase in overall credit market volumes. It was gratifying to see the increase in estimated market share and the growth of Open Trading activity on MarketAxess during this period of greater market volatility,” said Richard M. McVey, Chairman and CEO of MarketAxess. “Our momentum in Europe continues with the announcement last week of our launch of Open Trading solutions for European credit products along with the expansion of our strategic alliance with BlackRock to promote new liquidity solutions.”

 

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The following information was filed by Marketaxess Holdings Inc (MKTX) on Wednesday, January 28, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-K Annual Report

Document And Entity Information
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (parenthetical)
Consolidated Statements Of Financial Condition
Consolidated Statements Of Financial Condition (parenthetical)
Consolidated Statements Of Operations
Acquisition
Acquisition (tables)
Acquisition - Additional Information (detail)
Acquisition - Preliminary Purchase Price Allocation (detail)
Acquisition - Pro Forma Financial Information (detail)
Acquisition - Summary Of Acquired Intangible Assets (detail)
Capitalized Software, Furniture, Equipment And Leasehold Improvements
Capitalized Software, Furniture, Equipment And Leasehold Improvements (tables)
Capitalized Software, Furniture, Equipment And Leasehold Improvements - Additional Information (detail)
Capitalized Software, Furniture, Equipment And Leasehold Improvements - Capitalized Software Development Costs, Furniture, Equipment And Leasehold Improvements, Net Of Accumulated Depreciation And Amortization (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Commitments And Contingencies - Summary Of Minimum Rental Commitments Under Operating Leases (detail)
Credit Facility
Credit Facility - Additional Information (detail)
Customer Concentration
Customer Concentration - Additional Information (detail)
Discontinued Operations
Discontinued Operations (tables)
Discontinued Operations - Additional Information (detail)
Discontinued Operations - Summary Of Greenline's Operating Results (detail)
Earnings Per Share
Earnings Per Share (tables)
Earnings Per Share - Additional Information (detail)
Earnings Per Share - Computation Of Basic And Diluted Earnings Per Common Share (detail)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Additional Information (detail)
Fair Value Measurements - Fair Values And Unrealized Losses On Securities Available-for-sale (detail)
Fair Value Measurements - Summary Of Company's Securities Available-for-sale (detail)
Fair Value Measurements - Summary Of Contractual Maturities Of Securities Available-for-sale (detail)
Fair Value Measurements - Summary Of Foreign Currency Forward Contract (detail)
Fair Value Measurements - Valuation Of Company's Assets And Liabilities Measured At Fair Value (detail)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (tables)
Goodwill And Intangible Assets - Additional Information (detail)
Goodwill And Intangible Assets - Summary Of Company's Intangible Assets (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Income Taxes - Difference Between The Company's Reported Provision For Income Taxes And The U.s. Federal Statutory Rate (detail)
Income Taxes - Reconciliation Of The Unrecognized Tax Benefits (detail)
Income Taxes - Schedule Of Provision For Income Taxes (detail)
Income Taxes - Summary Of Changes In Valuation Allowance (detail)
Income Taxes - Summary Of Company's Net Deferred Tax Assets (detail)
Net Capital Requirements
Net Capital Requirements - Additional Information (detail)
Organization And Principal Business Activity
Organization And Principal Business Activity - Additional Information (detail)
Related Party
Related Party - Additional Information (detail)
Retirement Savings Plans
Retirement Savings Plans - Additional Information (detail)
Segment And Geographic Information
Segment And Geographic Information (tables)
Segment And Geographic Information - Additional Information (details)
Segment And Geographic Information - Summary Of Revenue And Long-lived Assets (detail)
Significant Accounting Policies
Significant Accounting Policies (policies)
Significant Accounting Policies - Additional Information (detail)
Stock-based Compensation Plans
Stock-based Compensation Plans (tables)
Stock-based Compensation Plans - Additional Information (detail)
Stock-based Compensation Plans - Assumptions Used For The Black-scholes Option-pricing Model To Determine The Per Share Weighted Average Fair Value For Options Granted (detail)
Stock-based Compensation Plans - Restricted Stock And Performance Share Activity (detail)
Stock-based Compensation Plans - Stock Option Activity (detail)
Stock-based Compensation Plans - Stock-based Compensation Expense (detail)
Stock-based Compensation Plans - Summary Of Performance Of Share Activity (detail)
Stockholders' Equity
Stockholders' Equity (tables)
Stockholders' Equity - Additional Information (detail)
Stockholders' Equity - Summary Of The Companys Change In The Common Stock (detail)
Ticker: MKTX
CIK: 1278021
Form Type: 10-K Annual Report
Accession Number: 0001564590-15-000953
Submitted to the SEC: Wed Feb 25 2015 4:30:41 PM EST
Accepted by the SEC: Wed Feb 25 2015
Period: Wednesday, December 31, 2014
Industry: Security Brokers Dealers And Flotation Companies

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