MARKETAXESS HOLDINGS INC MKTX Income Statement

Marketaxess holdings inc (MKTX)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
U.S. high-grade
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Eurobond
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Technology products and services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,637	7,636	7,134	6,331	2,015	1,578	3,313	4,988	1,466	4,121	4,885	5,085	14,326	13,798	0	0	0
Revenues
555,839	511,352	494,022	463,868	445,342	435,565	421,681	415,822	405,172	393,422	387,109	381,796	382,121	367,730	352,127	336,048	314,900	303,098	296,621	286,674	276,147	262,774	253,049	249,937	248,480	238,733	223,169	208,438	193,756	190,840	181,872	182,034	179,000	171,874	173,377	162,139	0	0	0
Expenses
Employee compensation and benefits
139,615	131,079	125,764	119,365	112,941	109,117	105,540	104,743	103,863	102,313	100,457	98,886	99,382	96,625	95,343	92,431	87,209	83,856	82,145	79,732	77,560	74,995	72,387	71,708	67,999	64,406	57,790	53,260	53,853	54,678	51,890	52,217	52,016	52,443	59,405	59,887	0	0	0
Depreciation and amortization
28,842	26,857	24,975	24,448	23,893	23,080	22,440	20,850	19,850	19,274	18,358	18,100	17,850	17,838	18,231	18,548	18,611	18,542	18,282	18,122	17,870	17,379	16,926	15,904	15,958	14,123	11,379	9,634	7,190	6,758	5,748	5,832	5,498	5,206	6,548	6,371	0	0	0
Technology and communications
29,171	26,792	26,052	24,550	23,869	23,866	23,057	22,213	21,242	20,048	18,891	18,101	17,556	17,275	16,546	16,192	15,882	15,916	16,581	17,049	17,531	17,685	17,637	17,787	17,383	16,037	15,047	13,744	12,714	12,523	11,799	11,365	11,074	10,619	10,539	10,120	0	0	0
Professional and consulting fees
25,378	25,534	24,498	23,165	22,295	21,521	21,623	21,485	20,145	19,367	18,638	17,433	17,592	17,175	15,989	14,857	13,623	13,043	12,966	13,270	13,685	14,375	15,854	16,880	17,889	18,220	16,561	15,027	13,429	12,150	10,089	9,330	9,158	9,006	10,025	9,768	0	0	0
Occupancy
12,164	11,639	12,393	13,119	13,788	14,176	11,836	10,103	8,058	6,125	5,696	5,121	4,924	4,681	4,821	4,847	4,854	4,685	4,533	4,414	4,284	4,381	5,319	5,397	5,465	5,173	3,507	2,897	2,484	2,446	2,253	2,379	2,330	2,337	2,901	2,887	0	0	0
Marketing and advertising
11,935	11,559	12,006	12,480	12,348	12,114	11,585	10,694	9,941	9,762	9,949	10,000	9,042	8,934	7,630	6,794	6,734	6,148	5,689	5,716	5,752	5,769	5,471	5,335	4,906	4,632	4,502	4,296	4,657	5,169	5,157	5,448	4,964	4,491	4,181	3,660	0	0	0
Clearing costs
14,247	11,314	10,226	9,204	8,606	7,754	6,974	6,690	6,195	5,797	5,626	5,185	5,621	6,060	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
15,705	15,696	14,112	13,094	12,002	11,353	11,170	11,365	11,248	11,121	10,006	9,763	9,381	9,157	7,239	8,087	9,140	9,695	12,022	11,053	10,135	9,654	9,609	8,960	8,563	8,862	7,980	8,065	8,136	7,746	7,905	7,636	7,428	6,322	6,387	6,495	0	0	0
Total expenses
277,057	260,470	250,026	239,425	229,742	222,981	214,225	208,143	200,542	193,807	187,621	182,589	181,348	177,745	173,866	168,788	161,132	155,198	152,218	149,356	146,817	144,238	143,203	141,971	138,163	131,453	116,766	106,923	102,463	101,470	94,841	94,207	92,468	90,424	99,986	99,188	0	0	0
Operating income
278,782	250,882	243,996	224,443	215,600	212,584	207,456	207,679	204,630	199,615	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense)
Investment income
7,343	8,063	8,222	7,646	6,933	6,112	5,254	4,583	4,040	3,619	3,219	2,789	2,466	2,137	1,753	1,467	1,140	905	748	632	580	543	548	528	434	420	523	662	886	1,057	1,138	1,190	1,232	1,228	1,213	1,225	0	0	0
Other, net
-2,219	-1,521	-685	-97	-240	-610	-1,319	-1,451	-1,496	-1,466	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income
5,124	6,542	7,537	7,549	6,693	5,502	3,935	3,132	2,544	2,153	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
283,906	257,424	251,533	231,992	222,293	218,086	211,391	210,811	207,174	201,768	202,724	201,861	202,839	191,602	178,261	167,260	153,768	147,900	144,403	137,318	129,330	118,536	109,846	107,966	110,317	107,280	106,403	101,515	91,293	89,370	87,031	87,827	86,532	81,450	73,391	62,951	0	0	0
Provision for income taxes
56,710	52,522	51,073	46,940	44,859	45,234	50,897	54,781	53,608	53,679	54,943	57,292	63,167	65,430	60,763	57,965	53,361	51,863	51,221	49,347	47,406	43,730	41,206	38,571	39,824	38,717	31,356	31,019	27,457	27,586	33,915	34,975	34,372	32,003	28,619	24,454	0	0	0
Net income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68,563	66,801	0	0	-	0	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-189	-437	0	0	-	0	-	-	-	-	-	-	-	-
Net income
227,196	204,902	200,460	185,052	177,434	172,852	160,494	156,030	153,566	148,089	147,781	144,569	139,672	126,172	117,498	109,295	100,407	96,037	93,182	87,971	81,924	74,806	76,304	77,013	78,165	76,016	73,347	68,616	61,902	60,069	51,147	51,109	50,417	47,704	44,772	38,497	0	0	0
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
507,050	463,856	448,189	418,833	400,822	390,834	377,373	373,130	364,032	355,282	352,826	348,012	347,236	332,307	314,401	298,123	278,296	266,221	258,980	248,264	236,167	221,138	211,216	208,572	208,455	203,652	197,430	187,991	176,483	174,199	168,732	166,175	162,561	155,444	147,835	137,473	0	0	0
Information Services [Member]
Revenues
32,006	30,730	29,272	28,753	28,527	28,227	27,963	27,120	26,687	25,806	18,595	19,586	21,675	23,269	23,290	23,639	22,685	22,585	30,851	30,780	31,110	31,510	30,998	30,523	29,753	25,377	19,898	14,669	9,267	7,435	7,517	7,452	7,381	7,199	6,842	6,733	0	0	0
Post-trade Services [Member]
Revenues
15,816	15,763	15,515	15,206	14,870	15,346	15,138	14,341	13,210	11,090	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other [Member]
Revenues
967	1,003	1,046	1,076	1,123	1,158	1,207	1,231	1,243	1,244	-1,278	-624	360	1,342	1,035	1,171	1,131	1,739	11,627	11,021	10,326	9,583	2,650	2,678	2,704	2,953	3,303	3,538	3,807	3,161	3,019	3,096	2,941	2,918	3,161	2,910	0	0	0