Miami International Holdings, Inc. MIAX

34.90 (0.74) (2.08%) as of 25 Sep
Market cap
$3.5B
P/E
29.3×
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.72
Total sells 80.18
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy 1 — 1 — — 2 — — — — — —
Sell — — — — — 6 6 9 10 11 10 6
Insider Ownership 8.94%

Capital & Financial Ratios

Market Cap 3,540.00
Revenue 1,466.53
Net Income 142.30
Free Cash Flow 240.90
Net Debt (699.50)
Current Ratio 2.61
Debt/Equity 0.00
P/E ratio 29.33
P/S ratio 2.27
P/B ratio 2.89
Past 5Y EPS Growth —
This Y EPS Growth (5.73%)
Next Y EPS Growth 11.91%
Next 5Y EPS Growth 4.13%
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities

2023 2024 2025 Q'26
Cash — 187 467 701
Receivables — 240 232 258
Inventory — — — —
Other — 146 156 143
— 573 855 1,103
2023 2024 2025 Q'26
Payables — 120 70 136
ST’ Debt — 5 2 2
Other — 88 72 103
— 405 337 423
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — — —
Cash Flow — — —
Earnings — — —
Book Value — — —

Revenue

Mar Jun Sep Dec Year
’26 370 388 — — —
’25 327 328 340 369 1,364
’24 — — 277 — 1,140
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 61 123 — — —
’25 11 55 55 47 168
’24 — — 72 39 111
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 47 104 — — —
’25 3 40 50 40 133
’24 — — 42 30 72
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 1.56 0.40 — — —
’25 (0.34) 0.30 (1.46) 0.49 (1.00)
’24 — — (0.05) — 1.37
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — — — — — 28.63

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — — — — — 51.38
High Price
— — — — — — — — 433 439
Employees
— — — — — — — 0 3 3
Revenue/Emp
— — — — — — — 1,041 1,140 1,364
Revenue
— — — — — — — 22.33% 24.18% 31.56%
Gross Margin
— — — — — — — (22) 105 (69)
EBT
— — — — — — — (2.12%) 9.22% (5.03%)
EBT Margin
— — — — — — — (21) 102 (70)
Net Income
— — — — — — — 23 26 32
Depreciation
— — — — — — — 18.44 18.78 19.53
Revenue/Sh
— — — — — — — (0.38) 1.68 (1.00)
Earnings/Sh
— — — — — — — (0.87) 1.84 2.40
Cash Flow/Sh
— — — — — — — (0.46) (0.64) (0.50)
Capex/Sh
— — — — — — — (1.33) 1.19 1.90
Free CF/Sh
— — — — — — — 0.00 6.06 12.62
Book Value/Sh
— — — — — — — 56 61 70
Shares
— — — — — — — 0.00 0.00 0.00
PE Ratio
— — — — — — — 0.00 0.00 2.27
PS Ratio
— — — — — — — 5.43 5.43 3.52
PB Ratio
— — — — — — — 0.00 0.00 1.93
EV/Sales
— — — — — — — 16.04 16.04 19.82
EV/FCF
— — — — — — — (49) 111 168
Op' Cash Flow
— — — — — — — (26) (39) (35)
Capex
— — — — — — — (75) 72 133
FCF
— — — — — — — — 168 518
Working Cap'
— — — — — — — — 37 2
Total Debt
— — — — — — — — (150) (466)
Net Debt
— — — — — — — 0 368 881
Sh' Equity
— — — — — — — 0.00% 20.98% (6.27%)
ROA
— — — — — — — 0.00% (0.81%) 13.84%
ROIC
— — — — — — — 0.00% 0.00% (11.22%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Miami International Holdings, Inc. peers in Capital Markets

All 93 Capital Markets stocks →

Miami International Holdings, Inc. (MIAX) key facts

  • Miami International Holdings, Inc. (MIAX) is a Capital Markets company in the Financial sector, listed on the New York Stock Exchange.
  • Miami International Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 19.6% from fiscal 2024.
  • As of September 25, 2026, MIAX traded at $34.90, a market capitalization of $3.5 billion.
  • Return on equity was −11.2% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

Miami International Holdings, Inc. (MIAX) Latest News

News by impact score

Fine-tune

24 Sep

3

MIAX has slid 17.3% over the past four weeks, with RSI at 29.75 indicating oversold conditions. A potential near-term reversal is suggested by the oversold signal, though RSI has limitations and should not be the sole trigger for trading. On the fundamentals side, sell-side analysts have raised current-year earnings estimates by about 0.9% over the last 30 days, and MIAX carries a Zacks Rank #2 Buy, signaling positive earnings revision momentum. The piece frames the mix of technical caution and improving earnings expectations as a setup for a possible rebound, even as broader market dynamics and company specifics remain key risks. Oversold RSI and rising earnings revisions hint at a near-term rebound, but uncertainty about execution and fundamentals limits the impact to moderate.

28 Aug

3

Miami International Holdings is expanding listings and this raises questions over whether the company represents a bargain investment opportunity. Listings expansion carries potential to moderately shift market position and investor sentiment without fundamentally redefining long-term trajectory.

27 Aug

4

Miami International Holdings (MIAX) advances new trading platforms and strategies to overhaul derivatives markets, boosting efficiency, competition and product offerings against established exchanges. MIAX's strategic innovations in derivatives trading are positioned to significantly shift its competitive stance and growth trajectory.

12 Aug

3 transcript

MIAX held its Q2 2026 earnings call discussing quarterly financial results, operations, and forward outlook. Earnings call content can shape short-term views on financials and strategy without major structural change.

11 Aug

3

MIAX revenue rose 35% to a record high alongside notable insider trading activity. Record revenue growth strengthens financial results while insider trades may temper market sentiment.

8 Aug

3

Miami International Holdings, Inc. (MIAX) held its Q2 earnings call, covering quarterly financial results, operational updates, and strategic outlook. Quarterly earnings data can influence short-term investor sentiment and valuation without altering long-term company trajectory.

5 Aug

3

Miami International Holdings reports second quarter 2026 financial results. Quarterly results provide performance metrics that can shift investor views on operations.

2 Aug

3

Nasdaq ends its patent fight with Miami International Holdings, clearing a long legal overhang for the company. Clearing the patent dispute removes legal uncertainty that could ease investor concerns and support MIAX operations.

22 Jul

3

Options Technology extends low latency infrastructure to support all MIAX U.S. Exchanges. Infrastructure upgrade strengthens MIAX operational efficiency and trading competitiveness.

16 Jul

3

Miami International Holdings, Inc. (MIAX) rating upgraded to Strong Buy. Strong Buy rating upgrade may increase investor attention and support short-term stock gains.

16 Jun

3

Prediction market activity on economic data positions Miami International Holdings as a potential beneficiary through increased trading interest. Speculative positioning in prediction markets around economic data may drive moderate trading volume gains without confirmed major strategic shifts.

15 Jun

4

MIAX launches options trading for SpaceX after the company's $1.765 trillion IPO valuation. SpaceX options launch on MIAX after massive IPO adds major high-volume product and expands exchange visibility.

20 May

4

OCC begins clearing for MIAX Futures Exchange, enabling Miami International Holdings to support futures trading operations and expand its exchange platform. OCC clearing launch directly strengthens MIAX operational capabilities and futures market access.

3

Miami International Holdings secured an OCC Clearing and Settlement Agreement for its MIAX Futures Exchange. Agreement establishes core clearing infrastructure that supports launch and operation of MIAX futures trading.

19 May

4

Miami International Holdings launches Tini Bloomberg 100 Index Futures on MIAX Futures exchange. New index futures product launch expands MIAX offerings and trading volume potential.

18 May

4

MIAX evaluates Gorilla-CHELPIS partnership to counter quantum computing risks threatening data security and trading infrastructure. Gorilla-CHELPIS alliance equips MIAX with quantum-resistant capabilities that can shift its long-term security posture and market positioning.

11 May

4

Miami International Holdings, Inc. (MIAX) released highlights from its Q1 earnings call, covering financial performance, operational updates, and future outlook. Q1 earnings call highlights disclose financial results and strategic insights that could significantly shape MIAX's trajectory and investor sentiment.

7 May

3

Miami International Holdings, Inc. (MIAX) Q1 2026 earnings call summary details financial results, operational highlights, and forward-looking guidance for the exchange operator. Q1 2026 earnings summary impacts financial performance and market sentiment but remains balanced by broader market factors.

6 May

4

Miami International Holdings, Inc. (MIAX) reported first quarter 2026 results. Quarterly earnings reports reveal financial health and directly influence stock performance and investor sentiment.

27 Apr

4

Miami International Holdings, Inc. (MIAX) is poised to beat earnings estimates again due to strong trading volumes, revenue growth, and operational efficiencies. Forecasted earnings beat signals robust financial momentum and potential stock rally, significantly influencing investor sentiment and trajectory.

17 Mar

3

Miami International Holdings, Inc. (MIAX) upgraded to Buy rating by analysts, outlining essential factors for investors. Analyst upgrade to Buy enhances investor sentiment and moderately impacts short-term market performance.

28 Feb

4

Miami International Holdings, Inc. (MIAX) released Q4 earnings call highlights, covering financial performance, operational updates, and future outlook. Q4 earnings highlights disclose financial results, strategic initiatives, and guidance directly impacting MIAX's future performance and investor sentiment.

26 Feb

4

Miami International Holdings, Inc. (MIAX) released Q4 2025 earnings call summary highlighting financial results, operational updates, and future outlook. Q4 earnings call summary reveals major financial performance metrics and strategic guidance directly impacting future trajectory and investor sentiment.

4

Miami International Holdings Inc. (MIAX) reported record revenue growth in its Q4 2025 earnings call highlights. Record revenue growth demonstrates strong financial performance capable of significantly enhancing market position and investor sentiment.

25 Feb

4

Miami International Holdings, Inc. (MIAX) reported fourth quarter and full year 2025 financial results. Annual and quarterly financial results directly shape investor sentiment, stock valuation, and future market performance.

13 Feb

4

Thomas P. Gallagher, Chairman and CEO of Miami International Holdings, Inc. (MIAX), has been recognized as Chief Executive of the Year by FOW. This accolade highlights Gallagher's leadership and contributions to the financial markets, particularly in advancing MIAX's position in the industry. Under his guidance, MIAX has achieved significant milestones, enhancing its trading platforms and services. Recognition of leadership can enhance investor confidence and positively influence MIAX's market positioning.

9 Feb

3

Miami International Holdings, Inc. (MIAX) is experiencing mixed momentum in its recent returns, prompting a closer look at its valuation. The company's performance reflects fluctuations in market conditions and investor sentiment, which could influence its future trajectory. Analysts are assessing various factors that may impact MIAX's competitive positioning and financial outlook as the market evolves. Mixed returns indicate a moderately noticeable influence on MIAX's financial performance and competitive positioning.

6 Feb

4

Miami International Holdings, Inc. (MIAX) reported its trading results for January 2026, highlighting a significant increase in overall trading volume compared to the previous month. The exchange experienced growth across various asset classes, with notable performance in options trading. MIAX's strategic initiatives and market expansion efforts contributed to this positive trend, reflecting a robust demand for its services. The company remains focused on enhancing its technology and market offerings to sustain this momentum in the coming months. The increase in trading volume and strategic initiatives indicate a significant positive shift in market dynamics for MIAX.

5 Feb

4

TISE reported record new listings in 2025, marking a milestone year for Miami International Holdings, Inc. (MIAX). The surge in listings reflects the exchange's growing appeal and strategic initiatives aimed at enhancing market participation. This achievement underscores MIAX's commitment to expanding its offerings and attracting a diverse range of listings, positioning it favorably in the competitive landscape of financial markets. The record new listings indicate significant strategic progress that could enhance MIAX's market position and investor sentiment.

23 Jan

4

Miami International Holdings, Inc. (MIAX) is highlighted among the class of 2025 IPOs with bullish charts, indicating strong market potential and investor interest. The article outlines three specific stocks that are showing positive trends, suggesting a favorable outlook for MIAX and its peers in the upcoming IPO landscape. The identification of MIAX in a bullish context for upcoming IPOs suggests significant market interest and potential strategic advantages.

stockrow.com/MIAX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com