Miami International Holdings/$MIAX
1D1W1MYTD1Y5YMAX
Capital at risk
About Miami International Holdings
Miami International Holdings Inc is engaged in operating regulated financial marketplaces across multiple asset classes using proprietary technology platforms. The company operates exchange markets for options, equities, futures, and international listings through its MIAX Exchanges, MIAX Futures Exchange, and the Bermuda Stock Exchange. The company operates through four reportable segments: Options, which provides trading and market data services for listed equity and ETP options; Equities, which provides trading services for U.S. equities and ETPs; Futures, which provides futures trading and clearing services through MIAX Futures; and International, which provides listing services for capital market instruments through the Bermuda Stock Exchange and The International Stock Exchange.
- Ticker
- $MIAX
- Sector
- Finance
- Primary listing
- NYSE
- Employees
- 439
- Headquarters
- Princeton, United States
- Website
- www.miaxglobal.com
MIAX Metrics
BasicAdvanced
$3.9B
23.85
$1.66
-
-
Price and volume
Market cap
$3.9B
52-week high
$57.14
52-week low
$35.43
Average daily volume
1.3M
Financial strength
Current ratio
2.605
Quick ratio
2.268
Long term debt to equity
0.013
Total debt to equity
0.02
Interest coverage (TTM)
44.29%
Profitability
EBITDA (TTM)
227.649
Gross margin (TTM)
34.35%
Net profit margin (TTM)
9.70%
Operating margin (TTM)
13.26%
Effective tax rate (TTM)
-150.50%
Revenue per employee (TTM)
$3,340,000
Management effectiveness
Return on assets (TTM)
7.69%
Return on equity (TTM)
18.14%
Valuation
Price to earnings (TTM)
23.845
Price to revenue (TTM)
2.276
Price to book
3.39
Price to tangible book (TTM)
4.41
Price to free cash flow (TTM)
13.857
Free cash flow yield (TTM)
7.22%
Free cash flow per share (TTM)
2.851
Growth
Revenue change (TTM)
16.82%
Earnings per share change (TTM)
7,885.16%
3-year revenue growth (CAGR)
16.51%
3-year earnings per share growth (CAGR)
38.13%
What the Analysts think about MIAX
Analyst ratings (Buy, Hold, Sell) for Miami International Holdings stock.
Analyst projections of the future price of Miami International Holdings stock.
Bulls say / Bears say
MIAX is gaining ground in its core market. Multi-listed options average daily volume rose 25.5% year on year to 11.0 million contracts in the first eight months of 2026, while market share reached a record 17.1%. (Miami International Holdings)
The higher volumes are translating into strong operating leverage. Second-quarter net revenue rose 35% to $141.1 million, adjusted EBITDA increased 57% to $76.8 million, and the adjusted EBITDA margin widened to 54%. (Miami International Holdings)
MIAX has new products that could broaden growth beyond listed options. Its Bloomberg index-futures suite went live in the second quarter, while the TISE acquisition lifted international-segment revenue to $5.7 million from $2.3 million a year earlier. (Miami International Holdings, The Motley Fool)
Growth is heavily concentrated in options, while other venues are struggling. August MIAX Pearl equities volume fell 33.7% year on year to 112 million shares, and year-to-date agricultural-futures volume was down 22.4%. (Miami International Holdings)
The futures expansion is currently consuming earnings rather than adding to them. Management reported a $12.7 million futures operating loss in the second quarter, reflecting the cost of scaling Bloomberg products and inverted capture rates. (The Motley Fool)
MIAX faces pressure on the economics of its exchange business. Its first-quarter update warned that intense competition and the proposed new options regulatory-fee model were putting continuing pressure on transaction-fee pricing and regulatory-fee revenue. (Miami International Holdings)
Data summarised monthly by Lightyear AI. Last updated on 15 Sept 2026.
MIAX Financial Performance
Revenues and expenses
MIAX Earnings Performance
Company profitability
Upcoming events
No upcoming events
MIAX News
AllArticlesVideos
Funds containing MIAX
AllEURUSDGBP
Fund name | Fund size | $MIAX weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.11% |
iShares MSCI World Small Cap$WSML | $9B | 0.03% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.03% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.03% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.