Miami International Holdings, Inc. (MIAX)
NYSE:MIAX
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Earnings Data
Report Date
Nov 11, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
―Last Year’s EPS
0.42Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive view: MIAX reported record revenue, double-digit volume growth, sizable adjusted EBITDA expansion and a strong cash position, while executing strategic initiatives such as the Bloomberg futures launch and international integration. Notable cautions include one-time GAAP gains and tax items inflating reported net income, a Q1 decline in futures revenue, higher operating and marketing spend planned for product launches, episodic market-data revenue, and regulatory uncertainty around fee reform. Management frames most negatives as manageable or early-stage risks while emphasizing durable secular tailwinds and operating leverage.Company Guidance
Record Quarterly Revenue
Total net revenue grew 40% year-over-year to a record $129.0 million in Q1 2026.
Strong Adjusted EBITDA and Margin Expansion
Adjusted EBITDA was $66.0 million, up 66% year-over-year, and adjusted EBITDA margin improved by 800 basis points year-over-year to 51%.
Robust Adjusted Earnings and EPS
Adjusted earnings grew 51% year-over-year to $45.0 million and adjusted diluted EPS was $0.42 for the quarter.
Options Franchise Outperformance
Options segment net revenue was $111.0 million, up 37% year-over-year, driven by average daily volume (ADV) of 10.9 million contracts (up 27% year-over-year) that outpaced industry ADV growth of 17%. Multi-listed options market share was 17.3% (up from 16% year-over-year).
Non-Transaction Revenue and RPC Strength
Non-transaction fees increased 45% year-over-year, supported by more member connections, fee changes and market data sales; revenue per contract (RPC) remained strong reflecting higher-quality order flow and capture rates, aided by growth in complex orders and the Sapphire trading floor.
Strong Balance Sheet and Cash Generation
Generated positive free cash flow and ended Q1 with $551 million in cash and cash equivalents and less than $2 million of debt, supporting organic investment, futures launch and opportunistic M&A.
Strategic Product and Partnership Momentum
On track to launch Bloomberg Equity Index futures (B100 on May 17, followed by two B500 variants June 1 and June 8); partnership with Bloomberg and clearing at OCC expected to deliver margin and go-to-market benefits. Sale of MIAXdx (now Rothera) completed with a $51 million gain on sale and MIAX retaining a 10% stake for optional upside.
International and Equities Progress
International segment net revenue increased to $6.0 million from $1.0 million year-over-year (post-TISE acquisition). Equities segment net revenue improved to $7.0 million from $4.0 million, with capture rates turning net positive.
Miami International Holdings, Inc. (MIAX) Earnings, Revenues Date & History
MIAX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MIAX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $47.69 | $49.77 | +4.36% |
Feb 25, 2026 | $40.99 | $41.85 | +2.10% |
Nov 05, 2025 | $45.83 | $47.02 | +2.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Miami International Holdings, Inc. (MIAX) report earnings?
Miami International Holdings, Inc. (MIAX) is schdueled to report earning on Nov 11, 2026, After Close (Confirmed).
What is Miami International Holdings, Inc. (MIAX) earnings time?
Miami International Holdings, Inc. (MIAX) earnings time is at Nov 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is MIAX EPS forecast?
Currently, no data Available