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

34.42 0.55 −1.57%
Market cap
$3.5B
P/E
10.7×
Fwd P/E
12.0×
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Miami International Holdings, Inc. (MIAX) Net margin

Alert me on Net margin

Miami International Holdings, Inc.'s net margin over the twelve months to 30 September 2026 was 19.8%, up 24.9 percentage points from fiscal 2025 (−5.13%). That is above the Capital Markets industry median of −0.34% and above the Financial sector median of 14.3%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 −5.13% (14.09)
FY2024 8.96% 10.97
FY2023 −2.01% —

Quarterly newest first

Period Net margin Change (points)
Sep 2026 14.0% 2.55
Jun 2026 11.4% (34.65)
Mar 2026 46.1% 37.94
Dec 2025 8.11% 38.15
4 more quarters

Net margin against peers

Company Net margin
MIAX Miami International Holdings, Inc. 19.8%
PIPR Piper Sandler Companies compare 14.6%
MC Moelis & Company compare 14.5%
PJT PJT Partners Inc. compare 10.5%
LAZ Lazard, Inc. compare 5.39%
IOND Ionic Digital Inc. compare −24.9%
MARA Marathon Digital Holdings, Inc. compare −429.7%
PURR Hyperliquid Strategies Inc compare −4,730.2%
LCLN Lincoln International Inc. compare —
Capital Markets industry median −0.34%
Financial sector median 14.3%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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