#USA #Miami #MIAX #financial markets

On May 6, 2026, Miami International Holdings, Inc. (MIAX) announced its financial results for the first quarter of the year, highlighting a phenomenal 40% year-over-year increase in net revenues, reaching $128.6 million. This period not only marks a significant achievement in terms of revenue growth but also reflects the effectiveness of MIAX's strategic initiatives across multiple asset classes and market segments.

Financial Performance Highlights

The key indicators of MIAX's financial performance for Q1 2026 are encouraging:

• - Net Revenue: An impressive rise to $128.6 million, up from $91.9 million in the same quarter last year, signifying a robust growth trajectory driven by increased industry volumes and expanded market share in the options sector.
• - Adjusted EBITDA: This metric surged to $66.1 million, a 66% increase from the previous year, marking an adjusted EBITDA margin of 51%.
• - Earnings Per Share: The company reported a diluted EPS of $1.56, contrasting sharply with a loss of $0.34 per share in Q1 2025, a testament to the turnaround in profitability.

MIAX also experienced an uptick in its market share for multi-listed options, climbing to 17.3% from 16.0% compared to the previous year, indicating a strong competitive position in the market. The average daily volume for these options reached about 10.9 million contracts, representing a 27% increase year-over-year.

Strategic Investments and Future Outlook

President and CEO Thomas P. Gallagher attributed these solid results to MIAX's scalable technology platform and resilient business model. He emphasized that the firm is committed to investing heavily in technology and expanding its team to support growth across its exchanges. In line with this commitment, MIAX has plans to launch new products and deepen its relationships with member firms and customers to drive further growth.

Segment Performance

In terms of segment performance, MIAX's options business was the standout sector:

• - Options: Net revenue reached $111.3 million, marking a 37% increase year-over-year. Higher transaction fees and non-transaction revenues contributed significantly to this growth.
• - Equities: This segment saw net revenues grow by 82% to $6.7 million, driven by improved pricing.
• - Futures: A slight decline in revenue to $4.6 million was noted, driven by lower volumes and transaction fees.
• - International Operations: The newest addition to MIAX’s portfolio, this segment recorded significant revenue growth, reaching $5.6 million following the acquisition of The International Stock Exchange Group.

Conclusion and Conference Call

Looking forward, MIAX reaffirms its full-year guidance for adjusted operating expenses and other key metrics as it anticipates sustained growth fueled by market volatility and innovations. The company's confidence is further highlighted by their upcoming webcast and conference call to discuss these results in detail. Investors and stakeholders can access the call via the Investor Relations section on MIAX's website at ir.miaxglobal.com.

With a strategic focus on technology and market expansion, the future looks promising for MIAX as it continues to build a solid foundation within the financial markets landscape.