MarketAxess posted 2Q26 revenue of USD 218.4 million, relatively flat year over year, as diluted EPS edged up to USD 1.93.
Net income fell 4% from a year earlier to USD 68.3 million, while operating margin narrowed 0.8 percentage point to 41.1%.
Commission revenue slipped 3% to USD 186.9 million, reflecting a 9% drop in U.S. credit, partly offset by a 6% rise in emerging markets.
Services revenue climbed 14% to a record USD 31.5 million, led by information services revenue growth of 23% to USD 16.1 million.
Acquisition-related update
CEO Chris Concannon said the company released results early after agreeing to be acquired by Intercontinental Exchange, while withdrawing guidance and canceling its earnings call.
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