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Marketaxess Holdings Inc (MKTX) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Marketaxess Holdings Inc

CIK: 1278021 Ticker: MKTX

Exhibit 99.1

 

LOGO

MARKETAXESS REPORTS FOURTH QUARTER 2015 REVENUES OF $76.6 MILLION,

PRE-TAX INCOME OF $37.0 MILLION AND DILUTED EPS OF $0.65

Company Announces 30% Increase in Regular Quarterly Dividend to $0.26 per Share,

up from $0.20

Fourth Quarter Financial Highlights*

 

    Revenues of $76.6 million, up 9.2%

 

    Pre-tax income of $37.0 million, up 10.4%

 

    Diluted EPS of $0.65, up 14.0% from $0.57

 

    Record total trading volume of $250.4 billion, up 18.5%

 

    Record estimated U.S. high grade market share of 17.6%, up from 16.1%

 

*  All comparisons versus fourth quarter 2014.

Full Year 2015 Financial Highlights**

 

    Record revenues of $303.1 million, up 15.3%

 

    Record commission revenue of $266.2 million, up 20.4%

 

    Expenses of $155.2 million, up 7.6%

 

    Record pre-tax income of $147.9 million, up 24.8%

 

    Record diluted EPS of $2.55, up 29.4% from $1.97

 

    Record total trading volume of $978.5 billion, up 27.6%

 

    Record estimated U.S. high grade market share of 16.8%, up from 14.5%

 

**  All comparisons versus full year 2014.

NEW YORK, January 27, 2016

– 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, 2015.

“Fourth quarter and full year earnings results show continued strong growth, driven by an acceleration of market share gains across core products. The expansion of our liquidity pool through all-to-all Open Trading is further reducing transaction costs for our clients, fueling rapid growth in electronic order flow,” said Richard M. McVey, Chairman and CEO of MarketAxess. “We are actively investing to expand the global credit products available for trading on our market leading technology platform.”

 

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The following information was filed by Marketaxess Holdings Inc (MKTX) on Wednesday, January 27, 2016 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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Financial Statements, Disclosures and Schedules

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 Agreement
Credit Agreement - Additional Information (detail)
Customer Concentration
Customer Concentration - Additional Information (detail)
Deferred Compensation Plans
Deferred Compensation Plans - 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)
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: 0001564590-16-013407
Submitted to the SEC: Thu Feb 25 2016 5:14:56 PM EST
Accepted by the SEC: Thu Feb 25 2016
Period: Thursday, December 31, 2015
Industry: Security Brokers Dealers And Flotation Companies

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