Added to YB: 2026-03-27
Pitch date: 2026-03-25
MIAX [neutral]
Miami International Holdings, Inc.
Author Info
The Diversified Fins Analyst is a former sellside & buyside equities analyst focused on diversified financials (exchanges, online brokers, trading companies, etc.). Sign up for the newsletter.
Company Info
Miami International Holdings, Inc., through its subsidiaries, operates various markets across options, futures, and cash equities.
Market Cap
$3.7B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
20.67
P/E
-39.35
EV/Sales
2.35
Sector
Capital Markets
Category
growth
Miami International Holdings Inc. (MIAX) 4Q25 Earnings Review
MIAX (earnings): Q4 rev $125M (+52% YoY) beat est $121M; adj EPS $0.45 beat est $0.41. Options ADV +47% YoY to 11.1M, market share +224bps to 18.2%. RPC $0.106 (+6% YoY). Operating margin 35.7% vs 14.6% prior year on strong leverage. 2026 opex guide $265-$275M. Launching B100/B500 futures Q2 w/ retail focus. Jan-Feb share dipped to 17.1% from Q4 18.2%.
Read full article (5 min)