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Income Statement (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Revenue | 224M | 7.5% |
| Gross Profit | 181M | 27.2% |
| Cost of Revenue | 43M | 34.9% |
| Operating expense | 16M | 71.3% |
| Net Income | 71M | 372.3% |
| EBITDA | 118M | 1.7% |
Balance Sheet (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Total Assets | 1.97B | 5.2% |
| Total Liabilities | 574M | 8.1% |
| Total Equity | 1.39B | 2.9% |
| Shares Outstanding | 37M | 0.4% |
Cash Flow (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Cash from operations | 105M | 253.7% |
| Cash from investing | -51M | 198% |
| Cash from financing | -65M | 15.3% |
EPS
Financial Highlights for MarketAxess in Q2 '25
MarketAxess reported a revenue of 224M, which is a 7.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 181M, marking a 27.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 43M, a -34.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 16M, showing a -71.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 71M, showing a 372.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 118M, showing a 1.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for MarketAxess with growth in revenue, gross profit, and net income.
