Quarterly ResultAug 7, 2026, 07:31 AM
MIAX H1 Net Income $214.4M, Q2 $44.2M; Divests 90% of MIAXdx
AI Summary
MIAMI INTERNATIONAL HOLDINGS, INC. reported a significant increase in net income for both the second quarter and first half of 2026, largely driven by a $50.6 million gain from the divestment of 90% of its MIAXdx subsidiary. Total revenues also saw healthy growth. Despite a $30.0 million litigation settlement expense, the company's financial position strengthened, with substantial increases in cash and total assets.
Key Highlights
- Net income for Q2 2026 increased 87.9% to $44.2 million from $23.5 million in Q2 2025.
- Net income for H1 2026 surged to $214.4 million, up from $2.1 million in H1 2025.
- Total revenues for Q2 2026 rose 18.2% to $387.6 million, and H1 2026 increased 15.6% to $757.3 million.
- Company completed the sale of 90% of MIAXdx (formerly LedgerX LLC) on January 20, 2026.
- Recognized a $50.6 million gain on the sale of business for the six months ended June 30, 2026.
- Cash and cash equivalents increased to $660.5 million as of June 30, 2026, from $433.6 million at year-end 2025.
- Total assets grew to $1.60 billion as of June 30, 2026, from $1.26 billion at year-end 2025.
- Incurred a $30.0 million litigation settlement expense in Q2 and H1 2026.
Price Impact
More from MIAX