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X Stock Chart & Stats
C$49.93
C$1.37(2.74%)
At close: 4:00 PM EDT
C$49.93
C$1.37(2.74%)
Day’s Range― - ―
52-Week RangeC$44.10 - C$57.98
Previous CloseN/A
Volume277.03K
Average Volume (3M)708.39K
Market Cap
C$14.12B
Enterprise ValueC$14.37K
Total Cash (Recent Filing)C$781.80M
Total Debt (Recent Filing)C$2.06B
Price to Earnings (P/E)23.6
Beta0.35
Next Earnings
Nov 02, 2026EPS Estimate
0.58Next Dividend Ex-DateN/A
Dividend Yield1.8%
Share Statistics
EPS (TTM)2.17
Shares Outstanding275,568,600
10 Day Avg. Volume648,819
30 Day Avg. Volume708,392
Financial Highlights & Ratios
PEG Ratio-2.44
Price to Book (P/B)3.05
Price to Sales (P/S)4.97
P/FCF Ratio25.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$64.86Price Target Upside29.90% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)2.44
Revenue Forecast (FY)C$1.93B
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationTMX's very strong trailing‑12‑month operating and free cash flow, with high FCF conversion, provides durable internal funding for capital allocation, dividends, or buybacks. Robust cash generation improves resilience to cyclical volume swings and supports multi‑year strategic investments.
Manageable Leverage And Balance SheetA modest debt-to-equity ratio and strengthening equity base point to a conservative capital structure that preserves financial flexibility. This enables TMX to meet clearing capital needs, pursue selective M&A or tech investments, and withstand episodic trading slowdowns without stressing liquidity.
Durable Marketplace & Data Business ModelTMX's diversified, fee‑based mix (listings, trading, clearing, market data, technology) benefits from high switching costs, network effects and recurring contracts. These structural features drive stable long‑term revenue streams and allow gradual pricing or product upsell across clientele.
Bears Say
Weak Recent Return On EquityA sharp drop in ROE indicates the company is generating lower profit per dollar of equity than in prior years. Persistently weak ROE can constrain shareholder returns, limit reinvestment efficiency, and signal that capital deployment hasn’t kept pace with balance‑sheet growth.
Profitability Quality & Consistency ConcernsInconsistent or unusually large reported margins suggest one‑offs or accounting distortions that reduce confidence in underlying operating profitability. This complicates forecasting and long‑term margin sustainability assessments, increasing execution and disclosure risk for investors.
Revenue And Profit Volatility Tied To Market ActivityTMX's revenues are structurally linked to trading volumes, listings and market activity, which are cyclical. That exposure produces material year‑to‑year swings in top‑line and earnings, posing a persistent risk to steady cash flow and planning during market downturns over the next several quarters.
TMX Group News
X FAQ
What was TMX Group Ltd’s price range in the past 12 months?
TMX Group Ltd lowest stock price was C$44.10 and its highest was C$57.98 in the past 12 months.
What is TMX Group Ltd’s market cap?
TMX Group Ltd’s market cap is C$14.12B.
When is TMX Group Ltd’s upcoming earnings report date?
TMX Group Ltd’s upcoming earnings report date is Nov 02, 2026 which is in 91 days.
How were TMX Group Ltd’s earnings last quarter?
TMX Group Ltd released its earnings results on Jul 30, 2026. The company reported C$0.62 earnings per share for the quarter, beating the consensus estimate of C$0.589 by C$0.031.
Is TMX Group Ltd overvalued?
According to Wall Street analysts TMX Group Ltd’s price is currently Undervalued.
Does TMX Group Ltd pay dividends?
TMX Group Ltd pays a Quarterly dividend of C$0.26 which represents an annual dividend yield of 1.8%. See more information on TMX Group Ltd dividends here
What is TMX Group Ltd’s EPS estimate?
TMX Group Ltd’s EPS estimate is 0.58.
How many shares outstanding does TMX Group Ltd have?
TMX Group Ltd has 275,568,600 shares outstanding.
What happened to TMX Group Ltd’s price movement after its last earnings report?
TMX Group Ltd reported an EPS of C$0.62 in its last earnings report, beating expectations of C$0.589. Following the earnings report the stock price went down -0.928%.
Which hedge fund is a major shareholder of TMX Group Ltd?
Currently, no hedge funds are holding shares in TSE:X
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
TMX Group Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
C$64.86 (29.90% Upside)
C$64.86 (29.90% Upside)
Blogger Sentiment
Bullish
TSE:X Sentiment 100%
Sector Average ―
Sector Average ―
Insider Transactions
Bought Shares
Worth C$2.0M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
26.05%
12-Months-Change
Fundamentals
Return on Equity
1.80%
Trailing 12-Months
Asset Growth
3.38%
Trailing 12-Months
Company Description
TMX Group Ltd
TMX Group Limited is a major global player operating a network of exchanges, markets, and clearinghouses primarily dedicated to capital markets, both within Canada and internationally. The company organizes its business into four distinct segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading and Clearing; and Equities and Fixed Income Trading & Clearing. The Global Solutions, Insights & Analytics segment offers comprehensive equity and index data, alongside integrated datasets, to support proprietary and third-party analytics that aid clients in their trading and investment decisions. This division also furnishes solutions for European and global wholesale energy markets, facilitating price discovery, trade execution, post-trade transparency, and streamlined processing. Within the Capital Formation segment, TMX Group manages the Toronto Stock Exchange, Canada's premier stock exchange for established public companies, and the TSX Venture Exchange, which caters to the public venture equity market. This segment additionally includes TSX Trust, providing a suite of services such as corporate trust administration, registrar duties, transfer agency, and foreign exchange. The Derivatives Trading and Clearing segment oversees the Montreal Exchange, a national platform for derivatives, and the Canadian Derivatives Clearing Corporation, which functions as a clearinghouse for options and futures contracts. This segment also handles various over-the-counter (OTC) products and fixed income repurchase agreements. Lastly, the Equities and Fixed Income Trading & Clearing segment is responsible for the trading operations across the Toronto Stock Exchange, TSX Venture Exchange, and TSX Alpha Exchange. It also manages the clearing and settlement processes for both equity and fixed income transactions, provides securities custody, and offers inter-dealer brokerage services for fixed income. Established in 2011, the company was initially known as Maple Group Acquisition Corporation before adopting the name TMX Group Limited in August 2012. Its corporate headquarters are located in Toronto, Canada.
X Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and financial picture: broad-based revenue growth across segments, record quarterly and full-year performance, significant AUM and product expansion at VettaFi, Trayport recurring revenue growth, strong capital formation and a healthy balance sheet with a dividend increase. Notable negatives include a large noncash FX-driven hit to reported EPS, elevated operating expenses driven by regulatory passthroughs, acquisition and litigation costs, some weakness in fixed income trading revenue and modest market-share erosion. Management emphasized that adjusted performance and underlying organic trends remain robust and that many expense items were one-time or acquisition-related.View all TSE:X earnings summariesX Stock 12 Month Forecast
Average Price Target
C$64.86
▲(29.90% Upside)
Technical Analysis
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