$MKTX
MARKETAXESS HOLDINGS INC

2013 Q2 Form 10-Q Financial Statement

#000119312513304117 Filed on July 26, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $65.56M $48.83M
YoY Change 34.27% 6.6%
Cost Of Revenue $8.500M $5.200M
YoY Change 63.46% -3.7%
Gross Profit $55.00M $40.60M
YoY Change 35.47% 0.5%
Gross Profit Margin 83.89% 83.15%
Selling, General & Admin $19.20M $15.70M
YoY Change 22.29% -16.93%
% of Gross Profit 34.91% 38.67%
Research & Development $4.099M $3.015M
YoY Change 35.95%
% of Gross Profit 7.45% 7.43%
Depreciation & Amortization $3.100M $1.900M
YoY Change 63.16% 18.75%
% of Gross Profit 5.64% 4.68%
Operating Expenses $4.099M $3.015M
YoY Change 35.95% -85.29%
Operating Profit $50.90M $37.59M
YoY Change 35.43% 88.87%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $31.51M $21.20M
YoY Change 48.64% 6.53%
Income Tax $12.17M $8.571M
% Of Pretax Income 38.62% 40.43%
Net Earnings $19.34M $12.63M
YoY Change 53.16% 6.13%
Net Earnings / Revenue 29.5% 25.87%
Basic Earnings Per Share $0.52 $0.35
Diluted Earnings Per Share $0.51 $0.34
COMMON SHARES
Basic Shares Outstanding 36.87M 36.13M shares
Diluted Shares Outstanding 37.82M 37.44M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $135.5M $129.6M
YoY Change 4.55% -4.57%
Cash & Equivalents $135.5M $129.6M
Short-Term Investments
Other Short-Term Assets $11.20M $13.70M
YoY Change -18.25% 11.38%
Inventory
Prepaid Expenses
Receivables $41.80M $33.20M
Other Receivables $0.00 $0.00
Total Short-Term Assets $188.5M $176.5M
YoY Change 6.8% -3.34%
LONG-TERM ASSETS
Property, Plant & Equipment $26.44M $15.00M
YoY Change 76.29% 11.94%
Goodwill $26.23M
YoY Change
Intangibles
YoY Change
Long-Term Investments $14.50M $58.60M
YoY Change -75.26% -22.59%
Other Assets $4.500M $5.800M
YoY Change -22.41% -59.44%
Total Long-Term Assets $116.9M $113.2M
YoY Change 3.25% -18.39%
TOTAL ASSETS
Total Short-Term Assets $188.5M $176.5M
Total Long-Term Assets $116.9M $113.2M
Total Assets $305.4M $289.7M
YoY Change 5.41% -9.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.90M $12.40M
YoY Change 36.29% 3.33%
Accrued Expenses $12.50M $10.50M
YoY Change 19.05% -11.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $29.40M $22.90M
YoY Change 28.38% -4.18%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.400M $5.100M
YoY Change 5.88% 15.91%
Total Long-Term Liabilities $5.400M $5.100M
YoY Change 5.88% 15.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.40M $22.90M
Total Long-Term Liabilities $5.400M $5.100M
Total Liabilities $34.81M $28.00M
YoY Change 24.34% -1.41%
SHAREHOLDERS EQUITY
Retained Earnings $19.47M
YoY Change
Common Stock $286.8M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $32.27M
YoY Change
Treasury Stock Shares 1.495M shares
Shareholders Equity $270.6M $261.7M
YoY Change
Total Liabilities & Shareholders Equity $305.4M $289.7M
YoY Change 5.41% -9.84%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $19.34M $12.63M
YoY Change 53.16% 6.13%
Depreciation, Depletion And Amortization $3.100M $1.900M
YoY Change 63.16% 18.75%
Cash From Operating Activities $19.90M $12.50M
YoY Change 59.2% -31.69%
INVESTING ACTIVITIES
Capital Expenditures -$8.500M -$1.700M
YoY Change 400.0% -15.0%
Acquisitions
YoY Change
Other Investing Activities $1.700M $800.0K
YoY Change 112.5% -82.61%
Cash From Investing Activities -$6.900M -$900.0K
YoY Change 666.67% -133.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.500M -1.800M
YoY Change 94.44% 5.88%
NET CHANGE
Cash From Operating Activities 19.90M 12.50M
Cash From Investing Activities -6.900M -900.0K
Cash From Financing Activities -3.500M -1.800M
Net Change In Cash 9.500M 9.800M
YoY Change -3.06% -49.22%
FREE CASH FLOW
Cash From Operating Activities $19.90M $12.50M
Capital Expenditures -$8.500M -$1.700M
Free Cash Flow $28.40M $14.20M
YoY Change 100.0% -30.05%

Facts In Submission

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dei Trading Symbol
TradingSymbol
MKTX
dei Entity Registrant Name
EntityRegistrantName
MARKETAXESS HOLDINGS INC
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2000-04-11
dei Entity Central Index Key
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0001278021
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
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Q2
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us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Use of Estimates</i></b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></p> </div>
us-gaap Revenues
Revenues
121116000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2206000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
34197000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-63000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
12612000
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
37827000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1380000
us-gaap Technology Services Revenue
TechnologyServicesRevenue
6676000
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
10258000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
34685000
us-gaap Fees And Commissions Other
FeesAndCommissionsOther
101384000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
125040000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5001000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
55824000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
43000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7427000
us-gaap Other Income
OtherIncome
1985000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
155000
us-gaap Net Income Loss
NetIncomeLoss
34669000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4178000
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
3284000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-515000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
6560000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2898000
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2000000
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
30900000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4736000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12379000
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0
us-gaap Share Based Compensation
ShareBasedCompensation
4178000
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
65292000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
183000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
7073000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1380000
us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
7290000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3039000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
26234000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-158000
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
44745000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-8066000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4686000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-11386000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2262000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
29200000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-1002000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9558000
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
863000
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2417000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2651000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
15785000
us-gaap Occupancy Net
OccupancyNet
2219000
us-gaap Professional Fees
ProfessionalFees
9327000
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
290000
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
36100000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4178000
us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
2120000
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-229000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
32280000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
5185000
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
12597000
us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21155000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
76000
mktx Line Of Credit Facility Basis Spread On Aggregate Interest Rate Option One
LineOfCreditFacilityBasisSpreadOnAggregateInterestRateOptionOne
0.0050 pure
mktx Information And Post Trade Services Revenue
InformationAndPostTradeServicesRevenue
10895000
mktx Conversion Of Common Stock Non Voting To Common Stock Voting Amount Converted
ConversionOfCommonStockNonVotingToCommonStockVotingAmountConverted
mktx Cash Equivalents Maximum Period
CashEquivalentsMaximumPeriod
P3M
mktx Expected Pay Out Target Of Common Stock
ExpectedPayOutTargetOfCommonStock
42908 shares
mktx Line Of Credit Facility Default Percentage
LineOfCreditFacilityDefaultPercentage
0.0200 pure
mktx Business Acquisitions Pro Forma Income Loss Before Tax
BusinessAcquisitionsProFormaIncomeLossBeforeTax
55860000
mktx Period Of Agreements For Revenue Recognition
PeriodOfAgreementsForRevenueRecognition
P2Y
mktx Percentage Of Foreign Subsidiary Interest Pledged
PercentageOfForeignSubsidiaryInterestPledged
0.65 pure
mktx Line Of Credit Facility Basis Spread On Federal Funds Effective Rate
LineOfCreditFacilityBasisSpreadOnFederalFundsEffectiveRate
0.0050 pure
mktx Accounts Receivable Contractual Maturities Maximum
AccountsReceivableContractualMaturitiesMaximum
less than one year
mktx Hedge Derivative Expiration Period
HedgeDerivativeExpirationPeriod
One-month period
mktx Post Contract Technical Support Term Period
PostContractTechnicalSupportTermPeriod
P1Y
mktx Deferred Provision Income Tax Expense Benefit
DeferredProvisionIncomeTaxExpenseBenefit
5370000
mktx Concentration Risk Number Of Customer
ConcentrationRiskNumberOfCustomer
0 Customer
mktx Percentage Of Trading Volumes By Single Client
PercentageOfTradingVolumesBySingleClient
0.121 pure
mktx Line Of Credit Facility Basis Spread On Aggregate Interest Rate Option Two
LineOfCreditFacilityBasisSpreadOnAggregateInterestRateOptionTwo
0.0150 pure
mktx Settlement Days Of Bond Transaction
SettlementDaysOfBondTransaction
Within one to three trading days
mktx Line Of Credit Facility Basis Spread On Variable Rate
LineOfCreditFacilityBasisSpreadOnVariableRate
0.0100 pure
mktx Line Of Credit Facility Description Of Variable Rate
LineOfCreditFacilityDescriptionOfVariableRate
The federal funds effective rate plus 0.50% and (c) one month adjusted LIBOR plus 1.00% plus (ii) 0.50% or (B) the sum of (i) adjusted LIBOR plus (ii) 1.50%
mktx Adjustments To Additional Paid In Capital Withholding Tax Payments On Restricted Stock Vesting
AdjustmentsToAdditionalPaidInCapitalWithholdingTaxPaymentsOnRestrictedStockVesting
5001000
mktx Non Cash Out Of Period Adjustment
NonCashOutOfPeriodAdjustment
972000
us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
More than 10%
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.69
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38067000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.71
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1536000 shares
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.68
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
25895000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36531000 shares
us-gaap Revenues
Revenues
99560000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5241000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
25587000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
9000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6936000
us-gaap Fees And Commissions Other
FeesAndCommissionsOther
87592000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
112273000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
20003000
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
6376000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
us-gaap Technology Services Revenue
TechnologyServicesRevenue
6128000
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
8282000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
25886000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
43948000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-280000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-8922000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4125000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-80465000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2619000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-200000
us-gaap Share Based Compensation
ShareBasedCompensation
4028000
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
55612000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
446000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
3815000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-40025000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
872000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2515000
us-gaap Other Income
OtherIncome
1608000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-471000
us-gaap Net Income Loss
NetIncomeLoss
26122000
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
71143000
us-gaap Net Investment Income
NetInvestmentIncome
571000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1044000
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
2558000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-255000
us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
5970000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
242000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-146000
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1300000
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
13577000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
13018000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
15013000
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5428000
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2992000
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3179000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
13681000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1762000
us-gaap Occupancy Net
OccupancyNet
1516000
us-gaap Professional Fees
ProfessionalFees
5861000
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-121000
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
25000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4028000
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
54000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
31146000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
11423000
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1011000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17826000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-468000
mktx Information And Post Trade Services Revenue
InformationAndPostTradeServicesRevenue
3661000
mktx Conversion Of Common Stock Non Voting To Common Stock Voting Amount Converted
ConversionOfCommonStockNonVotingToCommonStockVotingAmountConverted
15880000
mktx Business Acquisitions Pro Forma Income Loss Before Tax
BusinessAcquisitionsProFormaIncomeLossBeforeTax
43587000
mktx Deferred Provision Income Tax Expense Benefit
DeferredProvisionIncomeTaxExpenseBenefit
16064000
mktx Concentration Risk Number Of Customer
ConcentrationRiskNumberOfCustomer
0 Customer
mktx Percentage Of Trading Volumes By Single Client
PercentageOfTradingVolumesBySingleClient
0.139 pure
mktx Non Cash Out Of Period Adjustment
NonCashOutOfPeriodAdjustment
CY2012Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1821730 shares
CY2012Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3597333 shares
CY2011Q4 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
35000000
CY2012Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1600000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37440000 shares
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2012Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.34
CY2012Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1312000 shares
CY2012Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.33
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36128000 shares
CY2012Q2 us-gaap Revenues
Revenues
48825000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
12425000
CY2012Q2 us-gaap Technology Services Revenue
TechnologyServicesRevenue
3220000
CY2012Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
12423000
CY2012Q2 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
42690000
CY2012Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
55096000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
21200000
CY2012Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-148000
CY2012Q2 us-gaap Other Income
OtherIncome
857000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
12629000
CY2012Q2 us-gaap Net Investment Income
NetInvestmentIncome
268000
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-56000
CY2012Q2 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
3015000
CY2012Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2018000
CY2012Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
27625000
CY2012Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1961000
CY2012Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-298000
CY2012Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
9473000
CY2012Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2120000
CY2012Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1732000
CY2012Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-2883000
CY2012Q2 us-gaap Occupancy Net
OccupancyNet
757000
CY2012Q2 us-gaap Professional Fees
ProfessionalFees
2837000
CY2012Q2 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-31000
CY2012Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2066000
CY2012Q2 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-139000
CY2013Q2 us-gaap Net Investment Income
NetInvestmentIncome
44000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-9000
CY2013Q2 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
4099000
CY2013Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2073000
CY2013Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
34048000
CY2013Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4504000
CY2013Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1819000
CY2012Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
15305000
CY2012Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-2554000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8571000
CY2012Q2 mktx Information And Post Trade Services Revenue
InformationAndPostTradeServicesRevenue
1790000
CY2012Q2 mktx Business Acquisitions Pro Forma Income Loss Before Tax
BusinessAcquisitionsProFormaIncomeLossBeforeTax
20867000
CY2012Q2 mktx Deferred Provision Income Tax Expense Benefit
DeferredProvisionIncomeTaxExpenseBenefit
11454000
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37819000 shares
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2013Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
951000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36868000 shares
CY2013Q2 us-gaap Revenues
Revenues
65559000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
19261000
CY2013Q2 us-gaap Technology Services Revenue
TechnologyServicesRevenue
3537000
CY2013Q2 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
54198000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
31511000
CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-73000
CY2013Q2 us-gaap Other Income
OtherIncome
588000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
19343000
CY2013Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
989000
CY2013Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
184000
CY2013Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1432000
CY2013Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
11326000
CY2013Q2 us-gaap Occupancy Net
OccupancyNet
1287000
CY2013Q2 us-gaap Professional Fees
ProfessionalFees
4726000
CY2013Q2 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
418000
CY2013Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2180000
CY2013Q2 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-331000
CY2013Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
15927000
CY2013Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9089000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12168000
CY2013Q2 mktx Information And Post Trade Services Revenue
InformationAndPostTradeServicesRevenue
7192000
CY2013Q2 mktx Deferred Provision Income Tax Expense Benefit
DeferredProvisionIncomeTaxExpenseBenefit
842000

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0001193125-13-304117-index-headers.html Edgar Link pending
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