Earnings / Capital markets
MarketAxess Q3 revenue rises 1% year over year as ICE merger costs cut GAAP EPS to $1.53
Revenue of $210.4 million rose 1% and adjusted EPS of $1.86 rose 1% from $1.84, the prior-year GAAP figure because 3Q25 had no notable items; $11.6 million of merger costs drove most of the 21% drop in GAAP net income to $54.0 million.