Miami International Holdings (MIAX) Stock Overview
Through its subsidiaries, operates various markets across options, futures, and cash equities. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
MIAX Community Fair Values
Create NarrativeSee what 8 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Miami International Holdings, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$41.86 |
| 52 Week High | US$57.14 |
| 52 Week Low | US$28.63 |
| Beta | 0 |
| 1 Month Change | 6.76% |
| 3 Month Change | 1.31% |
| 1 Year Change | n/a |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 36.17% |
Recent News & Updates
Recent updates
MIAX: Futures Product Rollout Will Support Higher Sector Multiples
Miami International Holdings' fair value estimate has shifted from $39.00 to $45.00 as analysts recalibrated their price targets in response to updated assumptions for discount rates, profit margins and future P/E multiples, alongside fresh research commentary on competitive pressures in exchange stocks. Analyst Commentary Recent Street research around Miami International Holdings has focused on how new products in crypto futures and shifting expectations for exchange stock multiples might affect the stock’s valuation.Miami International: Options Tailwinds Largely Priced In (Downgrade)
Summary Miami International Holdings has surged over 50% since its IPO, capitalizing on secular options trading growth and expanding margins. Q1 results highlight 40% revenue growth, a 66% EBITDA increase, and 51% margins, driven by rising options market share and operating leverage. With MIAX near my $46 price target and valuation aligned with fundamentals, I downgrade the stock to 'Hold' as the bull thesis is largely realized. MIAX maintains a strong net cash position, with management reaffirming cost guidance and focusing on controllable expenses amid unpredictable trading volumes. Read the full article on Seeking Alpha
Options And Futures Expansion Will Reshape This Exchange Operator’s Long Term Potential
Catalysts About Miami International Holdings Miami International Holdings operates MIAX branded exchanges in options, equities, futures and international listings, built around proprietary exchange and clearing technology. What are the underlying business or industry changes driving this perspective?Heavy Reliance On Options Volumes Will Eventually Expose Structural Margin And Earnings Fragility
Catalysts About Miami International Holdings Miami International Holdings operates technology-focused options, equities, futures and international securities exchanges and clearing businesses. What are the underlying business or industry changes driving this perspective?Shareholder Returns
| MIAX | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 13.7% | 4.1% | 1.6% |
| 1Y | n/a | 1.6% | 18.6% |
Return vs Industry: Insufficient data to determine how MIAX performed against the US Capital Markets industry.
Return vs Market: Insufficient data to determine how MIAX performed against the US Market.
Price Volatility
| MIAX volatility | |
|---|---|
| MIAX Average Weekly Movement | 6.7% |
| Capital Markets Industry Average Movement | 3.9% |
| Market Average Movement | 7.3% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: MIAX has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MIAX's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | 439 | Tom Gallagher | www.miaxglobal.com |
Miami International Holdings, Inc., through its subsidiaries, operates various markets across options, futures, and cash equities. Its markets include options through MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire; U.S. equities through MIAX Pearl Equities; U.S. futures and options on futures through MIAX Futures; and international listings through BSX and TISE. The company also trades Hard Red Spring Wheat futures and options on MIAX Futures; provides clearing services for U.S. futures and options on futures through MIAX Futures Clearing; and owns Dorman Trading, a full-service futures commission merchant provides execution and clearing services for introducing brokers, retail customers, institutional clients, and professional traders.
Miami International Holdings, Inc. Fundamentals Summary
| MIAX fundamental statistics | |
|---|---|
| Market cap | US$3.88b |
| Earnings (TTM) | US$121.62m |
| Revenue (TTM) | US$1.41b |
Is MIAX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MIAX income statement (TTM) | |
|---|---|
| Revenue | US$1.41b |
| Cost of Revenue | US$939.45m |
| Gross Profit | US$467.24m |
| Other Expenses | US$345.62m |
| Earnings | US$121.62m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.28 |
| Gross Margin | 33.22% |
| Net Profit Margin | 8.65% |
| Debt/Equity Ratio | 0.1% |
How did MIAX perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/06 22:12 |
| End of Day Share Price | 2026/07/06 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Miami International Holdings, Inc. is covered by 8 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kenneth Worthington | J.P. Morgan |
| Christopher Allen | Keefe, Bruyette, & Woods |
| Michael Cyprys | Morgan Stanley |