- Commission revenue increased 12% to a record $192 million driven by strong market volumes and new initiatives across three strategic channels.
- Diluted earnings per share increased 11% to $1.91, or 16% excluding notable items.
- Free cash flow over the trailing 12 months increased 5% to $360 million, with $80 million spent on share repurchases year-to-date.
- MarketAxess delivered record second quarter 2025 financial results with 11% revenue growth to $219 million, including a 2 million USD benefit from foreign currency fluctuations.
- Operating expenses increased 6% excluding notable items, driven by higher employee compensation and technology costs.
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- Account-based delinquency rate decreased 9 basis points to 2.21%, consistent with seasonal trends.
- Adjusted net operating income was $0.82 per diluted share, up from $0.77 last year.
- Annual persistency was 85%, remaining flat over the past two quarters.
- Book value per share increased 13% year-over-year to $22.11.
- Favorable loss reserve development of $54 million was recorded due to better-than-expected cure rates on delinquency notices.
- In Q2 2025, MGIC recorded net income of $193 million and an annualized return on equity of 15%.
- Net investment income was $61 million, with a book yield on the portfolio of 4%, relatively flat quarter-over-quarter.
- Operating expenses were $52 million, down from $55 million last year, including a $4 million pension-related accounting charge.
- The company wrote $16 billion of new insurance, with insurance in force ending at $297 billion.
- Credit loss improved by 21 basis points to 89 basis points for the quarter, with year-to-date credit loss at 72 basis points.
- FFO totaled $297.6 million for the quarter, driven by a $20.8 million increase in pro rata NOI, higher minimum rents, stronger net recoveries, and improved credit loss.
- Kimco completed a $500 million bond issuance at 5.3% interest, the lowest issuance spread in many years, and ended the quarter with consolidated net debt to EBITDA of 5.4x.
- Kimco delivered funds from operations (FFO) of $0.44 per diluted share in Q2 2025, a 7.3% increase year-over-year.
- Liquidity remains robust at over $2.2 billion, including $228 million in cash.
- Same-site NOI increased 3.1%, driven by contractual rent growth, ancillary income, and credit loss improvement.
- Small shop occupancy reached a record high of 92.2%, with strong leasing spreads including a blended pro-rata leasing spread of 15%.
- The company repurchased 3 million shares at an average price of $19.61, reflecting a 9% FFO yield and a 24% discount to consensus NAV.
- FFO adjusted for the quarter was approximately $87 million or $0.33 per share in Q2 2025.
- Go-Forward Portfolio Centers NOI increased 2.4% in Q2 2025 compared to Q2 2024, with a 2% increase year-to-date.
- Net debt to EBITDA was 7.9x at the end of Q2 2025, nearly a full turn lower than at the outset of the Path Forward plan.
- Occupancy at the end of Q2 was 92%, down 60 basis points due to Forever 21 store closures; go-forward portfolio occupancy was 92.8%.
- Portfolio sales at the end of Q2 were $849 per square foot, up $12 from Q1 2025; go-forward portfolio sales were $906 per square foot.
- Trailing 12-month leasing spreads remained positive at 10.5%, marking 15 consecutive quarters of positive spreads.
- Adjusted consolidated net operating income was $84.1 million or $1.30 per diluted share.
- Commercial Auto segment had an underlying combined ratio of 90% with 18% PIF growth, despite $19 million adverse prior-year development.
- Kemper reported net income of $72.6 million or $1.12 per diluted share for Q2 2025.
- Life segment showed stable operating results with strong return on capital and distributable cash flows.
- Operating cash flow hit an all-time high of nearly $600 million trailing 12 months.
- Return on adjusted equity was 14.9%, with adjusted book value per share growth of 14.3% year-over-year.
- Specialty Auto segment produced an underlying combined ratio of 93.5% and 8% year-over-year policies in force (PIF) growth.
- The company repurchased $80 million of common stock since April 1 and received board approval for an additional $500 million repurchase authorization.
- Adjusted diluted earnings per share was $1.08, $0.09 above the high end of guidance, a 9% increase year-over-year.
- Adjusted EBITDA increased 8% with a margin of 35.7%, ahead of guidance due to stronger revenue flow-through.
- Consumer Lending and Auto segments grew double digits; Card & Banking grew mid-single digits.
- Emerging Verticals grew 5%, led by double-digit growth in Insurance; Consumer Interactive grew 2% organically.
- International revenue grew 6% on an organic constant currency basis, with India accelerating to 8%, and Canada and Africa growing double digits.
- Leverage ratio declined to 2.8x, with plans to delever to 2.5x before closing the Mexico acquisition expected by year-end.
- Mortgage revenue grew 29% despite flat inquiry volumes, modestly above expectations.
- Revenue grew 9% on an organic constant currency basis, surpassing the 3% to 5% guidance range; excluding mortgage, growth was 6.5%.
- Share repurchases totaled $47 million through mid-July, supporting disciplined capital deployment.
- TransUnion exceeded all key financial guidance metrics in Q2 2025, delivering high single-digit organic revenue growth for the sixth consecutive quarter.
- U.S. Markets segment revenue increased 10%, with Financial Services growing 17% and 11% excluding mortgage.
- Adjusted EBITDA increased to $93 million, up approximately 8% year-over-year, with an adjusted EBITDA margin of 40.3%.
- Adjusted EPS of $0.89 was up 7% year-over-year, driven by strong adjusted EBITDA growth and lower interest expense, partially offset by higher tax expense and operating depreciation and amortization.
- Liquidity remains strong at approximately $485 million as of June 30.
- Operating cash flow for the first half of the year was approximately $86 million.
- Revenue for the second quarter was $230 million, an 8% increase over the prior year, while constant currency revenue was approximately $233 million, representing growth of 10%.
- Segment results: Merchant Acquiring revenue grew 4% year-over-year to $47.3 million with adjusted EBITDA margin of 42.3%. Payment Services Puerto Rico revenue increased 4% to $56.4 million with adjusted EBITDA margin of 58.5%. Latin America Payments & Solutions revenue was $86.1 million, up 15% year-over-year or 20% constant currency, with adjusted EBITDA margin of 27.1%. Business Solutions revenue increased 4% to $64.5 million but adjusted EBITDA declined 13% due to prior year nonrecurring project impact.
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