Quarterly ResultMay 6, 2026, 04:24 PM
Miami International Holdings Q1 Net Revenue $128.6M (+40%); Adj. EBITDA $66.1M (+66%)
AI Summary
Miami International Holdings reported strong first quarter 2026 financial results, achieving record quarterly revenue and significant margin expansion. Net revenue increased 40% year-over-year to $128.6 million, and adjusted EBITDA grew 66% to $66.1 million, with an adjusted EBITDA margin of 51%. The company also completed the sale of 90% of MIAXdx in January 2026, resulting in a $50.5 million gain, and increased its market share in multi-listed options to 17.3%. The company reaffirmed its full-year 2026 adjusted operating expense guidance.
Key Highlights
- Q1 Net revenue grew 40% YoY to $128.6 million.
- Q1 Adjusted EBITDA increased 66% YoY to $66.1 million.
- Q1 Adjusted diluted EPS was $0.42; GAAP diluted EPS was $1.56.
- Adjusted EBITDA margin expanded 800 bps YoY to 51%.
- Completed sale of 90% of MIAXdx in January 2026, generating a $50.5 million gain.
- Options market share increased to 17.3% from 16.0% YoY.
- Options average daily volume rose 26.6% YoY to 10.9 million contracts.
- Reaffirmed full-year 2026 adjusted operating expense guidance of $265M-$275M.