earnings
confidence high
sentiment positive
materiality 0.85
MIAX Q1 net revenue $128.6M (+40% YoY); adjusted EPS $0.42, EBITDA margin 51%
MIAMI INTERNATIONAL HOLDINGS, INC.
2026-Q1 EPS reported
$1.56
revenue$369,690,000
- Q1 net revenue $128.6M (+40% YoY); GAAP diluted EPS $1.56; adjusted diluted EPS $0.42.
- Adjusted EBITDA $66.1M (+66% YoY); margin 51% (up 800 bps); options market share 17.3%.
- Options avg daily volume 10.9M contracts (+27% YoY); sale of MIAXdx contributed $50.5M gain.
- International net revenue $5.6M (up from $0.8M) on TISE acquisition; Equities segment turned positive.
- Reaffirms FY2026 adjusted opex guidance $265M-$275M; capex $40M-$45M.