MarketAxess (MKTX) said Tuesday it expects average annual revenue growth of 8% to 9% for the period 2026 to 2028.
Analysts polled by FactSet expect revenue of $920.9 million for 2026, $1 billion for 2027, and $1.09 billion for 2028.
The company also said its board has authorized the repurchase of up to $400 million of common stock.
MarketAxess said it plans to enter into an accelerated stock repurchase program with JPMorgan Chase Bank to buy back $300 million of shares. After completion, the company said it expects to have a remaining repurchase authorization of $205 million, which includes $105 million from its previous buyback program.
MarketAxess shares were more than 3% higher in premarket trading
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