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TMX Group Ltd (TSE:X)
TSX:X
Canadian Market
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TMX Group (X) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Nov 11, 2025
TBA (Confirmed)
Period Ending
2025 (Q3)
Consensus EPS Forecast
0.48
Last Year’s EPS
0.41
Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings

Earnings Call Summary

Q2 2025
Earnings Call Date:Jul 31, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presented a strong performance with record revenue and growth across multiple segments. However, there were challenges such as a decrease in diluted EPS due to foreign exchange impacts and increased operating expenses. Despite these issues, the overall growth and strategic initiatives indicate a positive outlook.
Company Guidance
During the TMX Group Limited Second Quarter 2025 Results Conference Call, the company showcased an impressive performance with a 15% year-over-year revenue increase, reaching a record $421.7 million. Key highlights included a 33% growth in Derivatives Trading and Clearing revenue, a 26% increase in TMX Trayport, and an 18% rise in equities and fixed income trading revenue. TMX VettaFi also demonstrated strong momentum with a 17% revenue growth. Despite a 28% decline in diluted earnings per share due to noncash foreign exchange impacts, adjusted diluted earnings per share rose by 21% following a 17% increase in income from operations. The company also reported a robust 18% revenue growth in the first half of 2025 compared to the same period in 2024, driven by a 35% increase in derivatives volumes and 12% growth in equities and fixed income trading. Additionally, TMX Group maintained a disciplined capital strategy, with a debt to adjusted EBITDA ratio of 2.4x and a 10% increase in quarterly dividends, reflecting a strong commitment to shareholder returns.
Record Revenue Performance
TMX Group delivered a record revenue of $421.7 million in Q2 2025, a robust 15% increase year-over-year, driven by strong performance across multiple business segments.
Strong Growth in Derivatives Trading and Clearing
Revenue from derivatives trading and clearing increased 33%, with a 29% year-over-year growth excluding BOX. Montreal Exchange trading grew 34% and CDCC revenue grew 21%.
Impressive Expansion in Global Insights Segment
Global Insights revenue grew by 16% in Q2 2025, with TMX Trayport revenue up 26% in CAD and TMX VettaFi growing by 17% in CAD, driven by increased licensees and new acquisitions.
Strong Equity and Fixed Income Trading
Revenue from equities and fixed income trading increased 18%, supported by higher volumes in equity marketplaces and increased activity in Government of Canada bonds.
Dividend Increase
TMX Group's Board of Directors approved a 10% increase to the quarterly dividend to $0.22 per common share, maintaining a dividend payout ratio of 42% in Q2.

TMX Group (TSE:X) 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

TSE:X Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Nov 11, 2025
2025 (Q3)
0.48 / -
0.41
Jul 31, 2025
2025 (Q2)
0.51 / 0.52
0.4320.93% (+0.09)
May 05, 2025
2025 (Q1)
0.49 / 0.48
0.3826.32% (+0.10)
Feb 03, 2025
2024 (Q4)
0.44 / 0.48
0.3729.73% (+0.11)
Oct 30, 2024
2024 (Q3)
0.39 / 0.41
0.3517.14% (+0.06)
Jul 31, 2024
2024 (Q2)
0.42 / 0.43
0.3813.16% (+0.05)
May 02, 2024
2024 (Q1)
0.38 / 0.38
0.372.70% (+0.01)
Feb 05, 2024
2023 (Q4)
0.37 / 0.37
0.3486.32% (+0.02)
Oct 30, 2023
2023 (Q3)
0.35 / 0.35
0.3364.17% (+0.01)
Jul 27, 2023
2023 (Q2)
0.35 / 0.38
0.3761.06% (<+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

TSE:X Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jul 31, 2025
C$56.12C$55.61-0.91%
May 05, 2025
C$54.42C$54.75+0.60%
Feb 03, 2025
C$44.75C$48.48+8.33%
Oct 30, 2024
C$43.21C$42.81-0.93%
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 (TSE:X) report earnings?
TMX Group Ltd (TSE:X) is schdueled to report earning on Nov 11, 2025, TBA (Confirmed).
    What is TMX Group Ltd (TSE:X) earnings time?
    TMX Group Ltd (TSE:X) 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 TSE:X EPS forecast?
          TSE:X EPS forecast for the fiscal quarter 2025 (Q3) is 0.48.
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