Miami International Holdings, Inc.
MIAX Financial Capital Markets
Miami International Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 19.6% from fiscal 2024.
- Revenue
- +10.7%
- EPS
- +136.3%
- Free cash flow
- −62.6%
- Total debt
- −76.5%
Quarter to September 2026, against a year earlier
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Miami International Holdings, Inc. (MIAX) Gross margin
Miami International Holdings, Inc.'s gross margin over the twelve months to 30 September 2026 was 35.0%, up 3.4 percentage points from fiscal 2025 (31.6%). That is below the Capital Markets industry median of 68.2% and below the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 31.6% | 7.38 |
| FY2024 | 24.2% | 1.85 |
| FY2023 | 22.3% | — |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 34.8% | (1.57) |
| Jun 2026 | 36.4% | 1.62 |
| Mar 2026 | 34.8% | 1.08 |
| Dec 2025 | 33.7% | 1.48 |
| 4 more quarters | Free account |
Gross margin against peers
| Company | Gross margin |
|---|---|
| MC Moelis & Company compare | 100.0% |
| PURR Hyperliquid Strategies Inc compare | 100.0% |
| LAZ Lazard, Inc. compare | 100.0% |
| PIPR Piper Sandler Companies compare | 99.0% |
| IOND Ionic Digital Inc. compare | 68.2% |
| MIAX Miami International Holdings, Inc. | 35.0% |
| PJT PJT Partners Inc. compare | 33.1% |
| MARA Marathon Digital Holdings, Inc. compare | 26.3% |
| LCLN Lincoln International Inc. compare | — |
| Capital Markets industry median | 68.2% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Shares outstanding
- Book value per share
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