The earnings call presented a strong performance with record revenue growth driven by significant gains across multiple segments, particularly in Derivatives Trading and Global Insights. However, challenges such as decreased diluted earnings per share and increased operating expenses due to strategic initiatives and acquisitions were noted. The overall sentiment is positive given the record financial achievements and strategic growth initiatives.

Company Guidance -

Q3 2025

During the TMX Group Limited's second quarter 2025 earnings call, the company reported record revenue growth, with overall revenue increasing by 18% compared to the first half of 2024. This growth was driven by a 33% increase in Derivatives Trading and Clearing revenue, a 26% rise in TMX Trayport revenue, and an 18% increase in Equities and Fixed Income Trading. TMX VettaFi also contributed with a 17% increase in revenue. Additionally, adjusted diluted earnings per share grew by 23% from the previous year. The company's operating expenses rose by 13%, mainly due to recent acquisitions and strategic realignment costs. TMX Group's debt-to-adjusted EBITDA ratio was at 2.4x, and the Board approved a 10% increase in the quarterly dividend to $0.22 per share, reflecting a payout ratio of 42%. Looking forward, TMX Group aims to further capitalize on its strong position by investing in organic growth and exploring strategic acquisitions.

Record Revenue Growth

TMX Group achieved record revenue of $421.7 million, representing a robust 15% increase year-over-year, driven by strong performance across multiple business segments.

Strong Performance in Derivatives Trading and Clearing

Derivatives Trading and Clearing revenue increased 33%, driven by a 28% increase in MX volumes and strong performances from equity and interest rate derivatives.

Global Insights Segment Growth

Global Insights revenue increased 15%, led by double-digit increases from TMX Trayport (23% growth) and TMX VettaFi (19% growth).

Equities and Fixed Income Trading Growth

Revenue increased 18% from equities and fixed income trading, driven by a 14% increase in equity marketplace volumes and strong activity in Government of Canada bonds.

Dividend Increase

TMX Group approved a 10% increase in their quarterly dividend to $0.22 per common share, with a payout ratio within the target range of 40% to 50%.

TMX Group (TMXXF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TMXXF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.35 / -	0.298	―	―	―
Jul 31, 2025	2025 (Q2)	0.37 / 0.38	0.312	20.93% (+0.07)	―
May 05, 2025	2025 (Q1)	0.35 / 0.35	0.276	26.32% (+0.07)	―
Feb 03, 2025	2024 (Q4)	0.32 / 0.35	0.269	29.73% (+0.08)	―
Oct 30, 2024	2024 (Q3)	0.28 / 0.30	0.254	17.14% (+0.04)	―
Jul 31, 2024	2024 (Q2)	0.31 / 0.31	0.276	13.16% (+0.04)	―
May 02, 2024	2024 (Q1)	0.28 / 0.28	0.269	2.70% (<+0.01)	―
Feb 05, 2024	2023 (Q4)	0.27 / 0.27	0.253	6.32% (+0.02)	―
Oct 30, 2023	2023 (Q3)	0.26 / 0.25	0.244	4.17% (+0.01)	―
Jul 27, 2023	2023 (Q2)	0.26 / 0.28	0.273	1.06% (<+0.01)	―

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

TMXXF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$40.75	$40.44	-0.76%
May 05, 2025	$39.66	$39.52	-0.35%
Feb 03, 2025	$30.85	$34.18	+10.79%
Oct 30, 2024	$31.18	$30.89	-0.93%

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 Tmx Group Ltd. (TMXXF) report earnings?

Tmx Group Ltd. (TMXXF) is schdueled to report earning on Nov 11, 2025, TBA (Confirmed).

What is Tmx Group Ltd. (TMXXF) earnings time?

Tmx Group Ltd. (TMXXF) earnings time is at Nov 11, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TMXXF EPS forecast?

TMXXF EPS forecast for the fiscal quarter 2025 (Q3) is 0.35.

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