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) Operating margin

Alert me on Operating margin

Miami International Holdings, Inc.'s operating margin over the twelve months to 30 September 2026 was 10.9%, up 4.2 percentage points from fiscal 2025 (6.74%). That is above the Capital Markets industry median of 0.00% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 6.74% 6.99
FY2024 −0.25% 0.03
FY2023 −0.28% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 12.6% 5.38
Jun 2026 7.17% (5.26)
Mar 2026 12.4% 0.87
Dec 2025 11.6% 11.65
4 more quarters

Operating margin against peers

Company Operating margin
PIPR Piper Sandler Companies compare 22.8%
PJT PJT Partners Inc. compare 20.5%
MC Moelis & Company compare 18.4%
MIAX Miami International Holdings, Inc. 10.9%
LAZ Lazard, Inc. compare 8.12%
IOND Ionic Digital Inc. compare −14.1%
MARA Marathon Digital Holdings, Inc. compare −366.3%
PURR Hyperliquid Strategies Inc compare −2,473.0%
LCLN Lincoln International Inc. compare —
Capital Markets industry median 0.00%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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