earnings
confidence high
sentiment positive
materiality 0.85
MIAX Q2 net revenue record $141M (+35% YoY); adjusted EBITDA $77M (+57%); updates FY guidance
MIAMI INTERNATIONAL HOLDINGS, INC.
- Q2 net revenue record $141.1M (+35% YoY); GAAP diluted EPS $0.40; adjusted diluted EPS $0.48.
- Adjusted EBITDA $76.8M (+57% YoY); margin expanded to 54% from 47%.
- Options segment net revenue $124.4M (+34%); average daily volume 11.0M contracts (+25% YoY); market share 16.5%.
- Recorded $22.5M litigation settlement charge in options segment; International net revenue $5.7M (+151%) from TISE acquisition.
- FY 2026 guidance: adjusted op ex $260-270M (down from $265-275M); D&A $35-39M (up); share-based comp $29-32M (up).