MarketAxess Boosts Stock-Buyback Program by $400 Million

Dow Jones12-09

By Colin Kellaher

MarketAxess Holdings' board has added $400 million to the trading platform's stock-buyback authorization.

MarketAxess on Tuesday said the new authorization brings its buyback capacity to $505 million, adding that it plans to enter into a $300 million accelerated repurchase agreement with JPMorgan Chase.

The New York company said it plans to fund the accelerated buyback with $80 million of cash on hand and $220 million in borrowings under its revolving credit facility

MarketAxess said it expects to receive about $240 million worth of stock at the onset of the transaction, with any remaining purchased shares delivered upon final settlement of the transaction in the first quarter of 2026.

MarketAxess, which had nearly 37.2 million shares outstanding as of Nov. 5, sports a market capitalization topping $6 billion.

The company said it has shelled out about $120 million to buy back stock so far this year.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

December 09, 2025 07:48 ET (12:48 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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