Symbols

MIAX

Miami International·NYSE

--(--)

MIAX fundamentals

MIAX Q4 2025 Earnings

Miami International (MIAX) released its earnings on Feb 25, 2026: revenue was 124.50M (YoY --), beat estimates; EPS was 0.52 (YoY --), beat estimates.

Revenue / YoY

124.50M

EPS / YoY

0.52

Report date

Feb 25, 2026

MIAX Earnings Call Summary for Q4,2025

Record Financial Performance: Q4 2025 revenue up 52% YoY, EBITDA margin 50%, full-year EBITDA +100% to $199 million.
Market Share Leadership: Options market share 18.2% (vs. 15.9% prior year), ADV +46% to 11.1M contracts.
Strategic Moves: Sold MIAXdx stake to enter prediction markets, delayed Bloomberg futures launch to Q2 2026 for reliability.
Growth Drivers: Elevated volatility, short-dated options, and retail product launches to fuel 2026 expansion.
Cost Management: 2026 operating expenses guided at +13%-18%, supported by tech investments and headcount growth.

Earnings

EPS

Revenue

Revenue & Expenses

MIAX has released its 2025 Q4 earnings report, with revenue of 369.43M, reflecting a YoY change of 14.06%, and net profit of 29.94M, showing a YoY change of 935.77%. The Sankey diagram below clearly presents MIAX's revenue sources and cost distribution.

Key Indicators

Miami International (MIAX) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Miami International (MIAX)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

Trend

Breakdown

Balance Sheet

Miami International (MIAX)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

Trend

Breakdown

Cash Flow

Miami International (MIAX)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

Trend

Breakdown