Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $689 | $699 | $718 | $753 | $817 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $375 | $337 | $327 | $315 | $341 |
| Net Income | $299 | $258 | $250 | $258 | $274 |
Over the five-year period, MarketAxess Holdings Inc. shows a steady revenue growth from US$689 million in 2020 to US$817 million in 2024, reflecting roughly an 18.5% increase overall. Despite the absence of reported gross profit figures—a likely reflection of the company’s revenue model where gross profit may not be separately calculated—the operating income and net income figures provide insight into profitability. Operating income started at US$375 million in 2020, declining modestly over subsequent years (US$337 million in 2021, US$327 million in 2022, and US$315 million in 2023) before rebounding to US$341 million in 2024. Similarly, net income decreased from US$299 million in 2020 to US$250 million in 2022, with a slight recovery to US$274 million by 2024. No single year exhibited a dramatic swing (i.e., over a 20% change), suggesting that earnings volatility has been relatively muted despite gradual margin compression. This performance is notable within the context of the fixed income electronic trading industry, where MarketAxess leverages its sophisticated platform to connect market participants. The upward revenue trend indicates continued demand and potential market share expansion, even as operating and net margins experienced minor short-term pressures likely due to evolving market conditions and cost considerations. Overall, the company demonstrates strong financial health with consistency in revenue streams and a recovery in profitability by 2024. The steady performance supports a sustainable outlook, underpinned by disciplined operational management and a robust position in an evolving market landscape.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.