MIAMI INTERNATIONAL HOLDINGS, INC.
MIAXNYSE
$42.33
↓ -1.3%Jul 17 close · end-of-day
Price
1Y↑ +37.7%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$3.0B
Enterprise Value
$2.4B
P/E
—
P/S
2.2
P/B
2.8
EV/EBITDA
19.8
PEG
—
FCF Yield
4.9%
Dividend Yield
—
Revenue (TTM)
$1.4B
Net Income (TTM)
-$70.0M
Free Cash Flow (TTM)
$145.0M
Gross Margin
31.6%
Operating Margin
6.7%
Net Margin
-5.1%
ROE
-6.6%
ROIC
14.1%
Debt / Equity
0.0
Net Cash
$549.3M
Return 1Y
—
Company profile
We are a technology-driven leader in building and operating regulated financial marketplaces across multiple asset classes and geographies. Our MIAX Exchanges, MIAX Futures and BSX marketplaces are enabled by our in-house built, proprietary technology. Our principal executive offices are located in Princeton, New Jersey.
- CEO
- Thomas P. Gallagher
- Sector
- Finance, Insurance, And Real Estate
- Industry
- Trading
- Employees
- 433
- Headquarters
- New Jersey
- Website
- www.miaxglobal.com/
Management & directors
- Comly Barbara J.EVP, GC & Corporate Secretary
- Gallagher Thomas P.Chairman & CEO
- Brown ShellyEVP, Chief Strategy Officer
- Deitzel EdwardEVP, CRO, CCO MIAX Exchanges
- Jayabalan HarishEVP, CISO and CRO
- Schafer Douglas M. JrEVP and CIO
- Emmons LanceEVP and CFO
- Smollen JohnEVP Traded Products & Relation
- Vermaas CeesCEO of TISEG
Roles derived from SEC Form 4 filings.
Earnings
MIAX Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$369.7M↑ +13.0%
Diluted EPS$1.56↓ -558.8%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | $1.0B | $1.1B | $1.4B |
| Gross profit | $232.5M | $275.6M | $430.5M |
| Operating income | -$2.9M | -$2.8M | $92.0M |
| Net income | -$20.9M | $102.1M | -$70.0M |
| Diluted EPS | -$0.37 | $1.39 | -$1.00 |
| Operating cash flow | -$49.2M | $111.4M | $167.8M |
| Free cash flow | -$65.4M | $84.7M | $145.0M |
| Gross margin | 22.3% | 24.2% | 31.6% |
| Operating margin | -0.3% | -0.2% | 6.7% |
| Net margin | -2.0% | 9.0% | -5.1% |
| Line item | Q3 '24 | Q1 '25 | Q3 '25 | Q1 '26 |
|---|---|---|---|---|
| Revenue | $276.7M | $327.1M | $339.8M | $369.7M |
| Gross profit | $69.6M | $91.9M | $109.5M | $128.6M |
| Operating income | -$1.2M | $22.3M | -$305,000.00 | $46.0M |
| Net income | -$3.2M | -$21.4M | -$102.1M | $170.2M |
| Diluted EPS | -$0.05 | -$0.34 | -$1.46 | $1.56 |
| Operating cash flow | — | $11.2M | — | $60.9M |
| Free cash flow | — | $6.5M | — | $49.2M |
| Gross margin | 25.1% | 28.1% | 32.2% | 34.8% |
| Operating margin | -0.4% | 6.8% | -0.1% | 12.4% |
| Net margin | -1.2% | -6.5% | -30.0% | 46.0% |
Company news
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-07-15 | Schwarzkopf Cynthia | Sale | 5,000 | $42.00 | $210,000.00 | filing |
| 2026-07-15 | Schwarzkopf Cynthia | Option exercise | 5,000 | $12.00 | $60,000.00 | filing |
| 2026-07-13 | Gallagher Thomas P.· Chairman & CEO | Sale | 70,000 | $42.52 | $3.0M | filing |
| 2026-07-13 | Comly Barbara J.· EVP, GC & Corporate Secretary | Sale | 28,000 | $41.98 | $1.2M | filing |
| 2026-07-13 | Gallagher Thomas P.· Chairman & CEO | Option exercise | 70,000 | $12.00 | $840,000.00 | filing |
| 2026-07-13 | Comly Barbara J.· EVP, GC & Corporate Secretary | Option exercise | 28,000 | $12.00 | $336,000.00 | filing |
| 2026-07-08 | BROWN DAVID A | Tax withholding | 171 | $43.72 | $7,476.12 | filing |
| 2026-07-07 | Gallagher Thomas P.· Chairman & CEO | Sale | 28,228 | $42.27 | $1.2M | filing |
| 2026-07-07 | Gallagher Thomas P.· Chairman & CEO | Option exercise | 28,228 | $12.00 | $338,736.00 | filing |
| 2026-07-06 | Gallagher Thomas P.· Chairman & CEO | Sale | 41,772 | $42.09 | $1.8M | filing |
| 2026-07-06 | Jayabalan Harish· EVP, CISO and CRO | Sale | 20,000 | $42.12 | $842,400.00 | filing |
| 2026-07-06 | Brown Shelly· EVP, Chief Strategy Officer | Sale | 16,000 | $42.13 | $674,080.00 | filing |
| 2026-07-06 | Gallagher Thomas P.· Chairman & CEO | Option exercise | 41,772 | $12.00 | $501,264.00 | filing |
| 2026-07-06 | Deitzel Edward· EVP, CRO, CCO MIAX Exchanges | Sale | 11,000 | $42.04 | $462,440.00 | filing |
| 2026-07-06 | Jayabalan Harish· EVP, CISO and CRO | Option exercise | 16,667 | $12.00 | $200,004.00 | filing |
| 2026-07-06 | Brown Shelly· EVP, Chief Strategy Officer | Option exercise | 16,000 | $12.00 | $192,000.00 | filing |
| 2026-07-06 | Deitzel Edward· EVP, CRO, CCO MIAX Exchanges | Option exercise | 7,333 | $12.00 | $87,996.00 | filing |
| 2026-07-06 | Deitzel Edward· EVP, CRO, CCO MIAX Exchanges | Option exercise | 3,667 | $12.00 | $44,004.00 | filing |
| 2026-07-06 | Jayabalan Harish· EVP, CISO and CRO | Option exercise | 2,499 | $12.00 | $29,988.00 | filing |
| 2026-07-06 | Jayabalan Harish· EVP, CISO and CRO | Option exercise | 834 | $12.00 | $10,008.00 | filing |
| 2026-07-02 | Schafer Douglas M. JR· EVP and CIO | Sale | 48,000 | $41.22 | $2.0M | filing |
| 2026-07-02 | Comly Barbara J.· EVP, GC & Corporate Secretary | Sale | 28,000 | $41.22 | $1.2M | filing |
| 2026-07-02 | Schafer Douglas M. JR· EVP and CIO | Option exercise | 42,000 | $12.00 | $504,000.00 | filing |
| 2026-07-02 | Comly Barbara J.· EVP, GC & Corporate Secretary | Option exercise | 28,000 | $12.00 | $336,000.00 | filing |
| 2026-07-02 | Eckert Kurt M. | Sale | 5,250 | $39.35 | $206,587.50 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.