Marketaxess holdings inc (MKTX)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues
U.S. high-grade

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,537

20,249

Eurobond

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,075

4,669

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,540

4,542

Technology products and services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,562

1,987

2,036

2,052

1,561

1,485

1,233

-2,264

1,124

3,220

2,908

-5,786

3,779

3,984

3,108

3,455

3,251

Revenues

168,978

129,774

131,597

125,490

124,491

112,444

101,443

106,964

114,714

98,560

95,584

96,314

102,964

92,247

90,271

96,639

88,573

76,644

74,192

75,491

76,771

70,167

64,245

64,964

63,398

60,442

61,133

63,507

53,651

44,878

46,402

48,825

50,735

35,910

46,564

45,791

43,609

37,413

35,326

Expenses
Employee compensation and benefits

41,194

33,117

32,681

32,623

32,658

27,802

26,282

26,199

28,834

24,225

25,485

25,319

27,284

22,369

23,914

25,815

24,527

21,087

21,002

20,593

21,174

19,376

18,589

18,421

18,609

16,768

17,910

14,712

15,016

10,152

13,380

15,305

15,841

7,364

13,707

15,104

16,268

14,326

14,189

Depreciation and amortization

8,067

7,730

6,700

6,345

6,082

5,848

6,173

5,790

5,269

5,208

4,583

4,790

4,693

4,292

4,325

4,540

4,681

4,685

4,642

4,603

4,612

4,425

4,482

4,351

4,121

3,972

3,460

4,405

2,286

1,228

1,715

1,961

1,854

218

1,799

1,627

1,562

1,560

1,622

Technology and communications

8,161

7,155

7,381

6,474

5,782

6,415

5,879

5,793

5,779

5,606

5,035

4,822

4,585

4,449

4,245

4,277

4,304

3,720

3,891

3,967

4,338

4,385

4,359

4,449

4,492

4,337

4,509

4,045

3,146

3,347

3,206

3,015

2,955

2,623

2,772

2,724

2,500

2,543

2,353

Professional and consulting fees

5,675

6,389

7,018

6,296

5,831

5,353

5,685

5,426

5,057

5,455

5,547

4,086

4,279

4,726

4,342

4,245

3,862

3,540

3,210

3,011

3,282

3,463

3,514

3,426

3,972

4,942

4,540

4,435

4,303

3,283

3,006

2,837

3,024

1,222

2,247

2,665

2,872

2,241

1,990

Occupancy

3,474

3,090

2,802

2,798

2,949

3,844

3,528

3,467

3,337

1,504

1,795

1,422

1,404

1,075

1,220

1,225

1,161

1,215

1,246

1,232

992

1,063

1,127

1,102

1,089

2,001

1,205

1,170

797

335

595

757

759

142

721

708

766

706

707

Marketing and advertising

2,675

3,087

2,506

3,667

2,299

3,534

2,980

3,535

2,065

3,005

2,089

2,782

1,886

3,192

2,140

1,824

1,778

1,888

1,304

1,764

1,192

1,429

1,331

1,800

1,209

1,131

1,195

1,371

935

1,001

989

1,732

1,447

989

1,280

1,248

974

679

759

Clearing costs

5,510

3,345

2,782

2,610

2,577

2,257

1,760

2,012

1,725

1,477

1,476

1,517

1,327

1,306

1,035

1,953

1,766

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

3,133

5,010

3,762

3,800

3,124

3,426

2,744

2,708

2,475

3,243

2,939

2,591

2,348

2,128

2,696

2,209

2,124

210

3,544

3,262

2,679

2,537

2,575

2,344

2,198

2,492

1,926

1,947

2,497

1,610

2,011

2,018

2,107

1,769

1,742

1,810

1,001

1,834

1,850

Total expenses

77,889

68,923

65,632

64,613

61,302

58,479

55,031

54,930

54,541

49,723

48,949

47,329

47,806

43,537

43,917

46,088

44,203

39,658

38,839

38,432

38,269

36,678

35,977

35,893

35,690

35,643

34,745

32,085

28,980

20,956

24,902

27,625

27,987

14,327

24,268

25,886

25,943

23,889

23,470

Operating income

91,089

60,851

65,965

60,877

63,189

53,965

46,412

52,034

60,173

48,837

46,635

48,985

55,158

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense)
Investment income

1,269

1,767

2,211

2,096

1,989

1,926

1,635

1,383

1,168

1,068

964

840

747

668

534

517

418

284

248

190

183

127

132

138

146

132

112

44

132

235

251

268

303

316

303

310

299

301

315

Other, net

-656

-661

-838

-64

42

175

-250

-207

-328

-534

-382

-252

-298

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other income

613

1,106

1,373

2,032

2,031

2,101

1,385

1,176

840

534

582

588

449

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes

91,702

61,957

67,338

62,909

65,220

56,066

47,797

53,210

61,013

49,371

47,217

49,573

55,607

50,327

46,354

50,551

44,370

36,986

35,353

37,059

38,502

33,489

28,268

29,071

27,708

24,799

26,388

31,422

24,671

23,922

21,500

21,200

22,748

21,583

22,296

19,905

17,666

13,524

11,856

Provision for income taxes

16,886

11,684

13,336

14,804

12,698

10,235

9,203

12,723

13,073

15,898

13,087

11,550

13,144

17,162

15,436

17,425

15,407

12,495

12,638

12,821

13,909

11,853

10,764

10,880

10,233

9,329

8,129

12,133

9,126

1,968

7,792

8,571

9,255

8,297

8,852

7,968

6,886

4,913

4,687

Net income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,470

18,259

19,289

15,545

-

13,708

-

-

-

-

-

-

-

-

Loss from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

-46

54

-219

-

-226

-

-

-

-

-

-

-

-

Net income

74,816

50,273

54,002

48,105

52,522

45,831

38,594

40,487

47,940

33,473

34,130

38,023

42,463

33,165

30,918

33,126

28,963

24,491

22,715

24,238

24,593

21,636

17,504

18,191

17,475

23,134

18,213

19,343

15,326

20,465

13,482

12,629

13,493

11,543

13,444

11,937

10,780

8,611

7,169

Net income per common share
Basic earnings per common share
Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.43

0.49

0.52

0.42

-

0.38

-

-

-

-

-

-

-

-

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.21

-0.01

0.00

0.00

-

-0.01

-

-

-

-

-

-

-

-

Basic

2.01

1.35

1.46

1.30

1.42

1.24

1.04

1.10

1.30

0.91

0.93

1.03

1.15

0.89

0.84

0.90

0.79

0.67

0.62

0.66

0.67

0.60

0.47

0.49

0.47

0.63

0.49

0.52

0.42

0.56

0.37

0.35

0.37

0.31

0.36

0.32

0.30

0.24

0.19

Diluted earnings per common share
Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.41

0.48

0.51

0.41

-

0.37

-

-

-

-

-

-

-

-

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.21

-0.01

0.00

0.00

-

-0.01

-

-

-

-

-

-

-

-

Diluted

1.96

1.32

1.42

1.27

1.39

1.21

1.02

1.07

1.27

0.88

0.90

1.00

1.11

0.87

0.82

0.88

0.77

0.66

0.60

0.64

0.65

0.57

0.46

0.48

0.46

0.61

0.48

0.51

0.41

0.54

0.36

0.34

0.35

0.29

0.34

0.30

0.27

0.22

0.18

Cash dividends declared per common share

0.60

0.51

0.51

0.51

0.51

0.42

0.42

0.42

0.42

0.33

0.33

0.33

0.33

0.26

0.26

0.26

0.26

0.20

0.20

0.20

0.20

0.16

0.16

0.16

0.16

0.13

0.13

0.13

0.13

1.41

0.11

0.11

0.11

0.09

0.09

0.09

0.09

0.07

0.07

Weighted average shares outstanding
Basic

37,303

37,174

37,066

37,049

37,043

36,977

36,951

36,950

36,954

36,888

36,865

36,853

36,850

36,836

36,889

36,876

36,775

36,674

36,681

36,699

36,706

36,728

36,856

37,015

37,121

36,983

36,919

36,868

36,774

36,502

36,500

36,128

36,934

147,913

37

36

36

32,945

33,733

Diluted

38,075

38,087

37,995

37,910

37,832

37,844

37,828

37,862

37,886

37,944

38,019

38,077

38,112

37,741

37,792

37,748

37,671

37,637

37,643

37,642

37,626

37,713

37,805

37,942

38,096

38,095

37,965

37,819

37,673

37,588

37,541

37,440

38,695

158,313

39

39

39

38,744

39,514

Commissions [Member]
Revenues

155,954

117,103

119,869

114,124

112,760

101,436

90,513

96,113

102,772

87,975

86,270

87,015

94,022

85,519

81,456

86,239

79,093

67,613

65,178

66,412

67,018

60,372

54,462

54,315

51,989

50,450

51,818

54,198

47,186

44,228

42,379

42,690

44,902

38,761

39,822

39,076

37,785

31,152

29,460

Information Services [Member]
Revenues

8,642

8,515

7,693

7,156

7,366

7,057

7,174

6,930

7,066

6,793

6,331

6,497

6,185

-418

7,322

8,586

7,779

-397

7,671

7,632

7,679

7,869

7,600

7,962

8,079

7,357

7,125

7,192

3,703

1,878

1,896

1,790

1,871

1,960

1,831

1,719

1,689

1,603

1,722

Post-trade Services [Member]
Revenues

4,153

3,923

3,784

3,956

4,100

3,675

3,475

3,620

4,576

3,467

2,678

2,489

2,456

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other [Member]
Revenues

229

233

251

254

265

276

281

301

300

325

305

313

301

-2,197

959

1,297

1,283

-2,504

1,095

1,257

1,891

7,384

489

562

1,148

451

517

588

1,397

801

752

857

751

659

829

702

728

902

578