Markit Reports Rising Q4 Revenue Stream Despite Higher Operating Costs

Markit Ltd. (Nasdaq:MRKT), a global provider of financial information services, has reported its Q4 2015 financial metrics ending December 31, 2015 – the group saw a rise across key metrics, including its revenues, securing a QoQ growth to close out the fiscal year, according to a Markit statement.

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For Q4 2015, Markit saw its revenues climb to $291.5 million, up 5.1% QoQ from $277.3 million in Q3 2015. Over a yearly basis, Markit also saw rising revenues, which climbed 7.4% YoY from $271.4 million in Q4 2014.

In addition, the group saw operating expenses come in at $155.4 million in Q4 2015, reflective of a 3.8% growth QoQ from just $149.7 million in Q3 2015. By extension, Markit’s operating expenses in Q4 2015 also increased 11.4% YoY from $139.5 million in Q4 2014. The climb in operating expenses was attributed to acquisitions and recurring investments in new initiatives. Finally, Markit’s adjusted EBITDA was reported at $131.8 million for Q4 2015, up 6.7% QoQ from $123.5 million in Q3 2015 and 5.7% YoY from $124.7 million in Q4 2014.

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