Report
Michael Wong
EUR 101.80 For Business Accounts Only

MarketAxess Should Resume Double-Digit Revenue Growth in 2018

While 2017 was MarketAxess’ slowest revenue growth year since 2008, 2018 is shaping up for a return to double digit growth. For 2017, MarketAxess reported net income of $148 million, or $3.89 per diluted share, on $397 million of revenue. Revenue grew 7.4% from 2016, which is quite respectable for most companies. However, this is far lower than the around 19% compound annual growth rate in revenue since 2008 and only the second year since 2008 where revenue growth was in the single-digit percent...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Wong

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