MarketAxess Reports First Quarter 2011 Record Revenue of $43.6 Million

MarketAxess Holdings MKTX emerging markets bonds and other types of fixed-income securities, today announced results for the first quarter ended March 31, 2011. Total revenues for the first quarter of 2011 increased 25.0% to $43.6 million, compared to $34.9 million for the first quarter of 2010. Pre-tax income was a record $17.7 million, compared to $11.1 million for the first quarter of 2010, an increase of 59.4%. Pre-tax margin was 40.5%, compared to 31.8% for the first quarter of 2010. Net income totaled $10.8 million, or $0.27 per share on a diluted basis, compared to $6.7 million, or $0.17 per share on a diluted basis, for the first quarter of 2010.