Q4 Average Daily Volume Reaches 10.8M Contracts, Up 25.4%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy MIAX?
Reports Q4 average daily volume reached 10.8M contracts, a 25.4% increase. Exchange group market share reached 17.1%, an 8.1% increase. Futures ADV reached 14,944 contracts, a 103.1% increase from January.
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Analyst Views on MIAX
Wall Street analysts forecast MIAX stock price to rise
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 41.190
Low
37.00
Averages
47.20
High
55.00
Current: 41.190
Low
37.00
Averages
47.20
High
55.00
About MIAX
Miami International Holdings, Inc. is a multi-asset exchange operator. It is a technology-driven in building and operating regulated financial marketplaces across multiple asset classes and geographies. Its products include MIAX, MIAX Options, MIAX PRIME, MIAX Technologies, MIAX Pearl, and MIAX Emerald. Its segments include Options, Equities, Futures and International. The Options segment includes business operations of listed options on the stocks of individual equities and options on exchange-traded products (ETP). The equities segment includes its business operations relating to listed U.S. equities and ETP transaction services. The futures segment includes its business operations relating to futures transaction services provided by its futures exchange and clearing house, MIAX Futures. The International segment includes listing services for capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MIAX Exchange Group Reports 25.4% Increase in Multi-list Options ADV
- Significant Volume Growth: The MIAX Exchange Group reported a 25.4% year-over-year increase in average daily trading volume (ADV) for multi-list options in February 2026, reaching 10,812,000 contracts, indicating strong market performance and rising client demand.
- Market Share Increase: The options market share for MIAX rose from 15.8% to 17.1%, reflecting not only an enhanced competitive position in a crowded market but also potentially laying the groundwork for future revenue growth.
- Industry Comparison: MIAX's growth rate of 25.4% significantly outpaced the overall U.S. equity options industry ADV growth of 15.9%, demonstrating the effectiveness of MIAX's strategies in attracting traders.
- Futures Trading Volume Decline: Despite the growth in options trading, MIAX Futures experienced a 38.5% decline in ADV, dropping to 14,944,000 contracts, highlighting challenges in the futures market that may necessitate strategic adjustments to address market dynamics.
See More
MIAX Exchange Group Reports 25.4% Increase in Multi-list Options ADV YoY
- Significant Volume Growth: The MIAX Exchange Group's average daily trading volume (ADV) for multi-list options reached 10,812,000 contracts in February 2026, a 25.4% increase from 8,625,000 contracts in February 2025, indicating a substantial enhancement in the company's market competitiveness.
- Market Share Increase: The options market share for MIAX rose from 15.8% to 17.1%, reflecting not only an enhanced position within the industry but also the potential to attract more investors, thereby driving further revenue growth.
- Industry Comparison: MIAX's trading volume growth outpaced the overall U.S. equity options industry's 15.9%, demonstrating the company's superior performance relative to competitors and reinforcing its market leadership.
- Futures Trading Volume Decline: Despite the growth in options trading, MIAX Futures' ADV fell to 14,944,000 contracts, down 38.5% from 24,316,000 contracts year-over-year, which may impact the company's overall revenue structure and necessitates attention to future market strategy adjustments.
See More
Miami International Holdings Reports Q4 Earnings Growth
- Significant Earnings Growth: Miami International Holdings reported fourth-quarter earnings of $29.94 million, or $0.27 per share, a substantial increase from last year's $2.89 million and $0.04 per share, indicating a marked improvement in profitability.
- Adjusted Earnings Performance: Excluding items, the company reported adjusted earnings of $57.08 million, or $0.52 per share, reflecting strong performance in core operations and bolstering investor confidence.
- Revenue Continues to Rise: The company's revenue for the fourth quarter increased by 14.1% to $369.43 million from $323.90 million last year, demonstrating enhanced competitiveness and the ability to attract more clients in the market.
- Optimistic Market Outlook: With both earnings and revenue growth, Miami International Holdings showcases a robust market performance, which is expected to further drive the company's expansion and investment strategies, strengthening its position in the industry.
See More
Miami International Holdings Q4 Earnings Beat Expectations
- Earnings Beat: Miami International Holdings reported a Q4 non-GAAP EPS of $0.52, exceeding expectations by $0.11, which underscores the company's robust profitability and boosts investor confidence.
- Significant Revenue Growth: The company achieved Q4 revenue of $124.5 million, reflecting a 52.4% year-over-year increase and surpassing market expectations by $3.86 million, indicating strong business expansion and market demand.
- FY 2026 Guidance: Adjusted operating expenses are projected between $265 million and $275 million, with share-based compensation expenses ranging from $27 million to $30 million, demonstrating prudent management of future expenditures aimed at maintaining profitability.
- Increased Daily Volume: The average daily volume for Q4 reached 11.1 million contracts, indicating heightened market activity and further solidifying its competitive position in the exchange market.
See More
MIAX Reports Significant Revenue and Net Income Growth in 2025 Financial Results
- Strong Financial Performance: In Q4 2025, MIAX reported total revenues of $124.5 million, a 52% increase compared to Q4 2024, demonstrating the company's robust performance and potential for sustained growth in the market.
- Significant Net Income Growth: The net income for Q4 reached $29.9 million, up 936% from $2.9 million in the same period last year, reflecting the company's successful strategies in cost control and revenue enhancement.
- Adjusted EPS Improvement: Adjusted earnings per share rose from $0.26 to $0.52, indicating a substantial improvement in profitability and boosting investor confidence in the company's financial health.
- Strategic Acquisitions and Expansion: MIAX's successful acquisition of TISE and the launch of the MIAX Futures Onyx trading platform further solidify its leadership position in the financial markets, laying a strong foundation for future growth.
See More
MIAX Reports Strong 2025 Financial Results with Significant Net Income Growth
- Significant Financial Performance: In Q4 2025, MIAX reported total revenues of $124.5 million, a 52% increase from $81.7 million in Q4 2024, indicating strong market performance and revenue growth potential.
- Dramatic Net Income Growth: The net income for Q4 reached $29.9 million, soaring 936% from $2.9 million in the same quarter of 2024, reflecting a substantial improvement in profitability and robust market demand.
- Operating Income Surge: The operating income for Q4 was $42.7 million, up 496% from $7.2 million year-over-year, demonstrating significant progress in cost control and operational efficiency.
- Strong Adjusted Earnings: Adjusted earnings amounted to $57.1 million, a 192% increase from $19.6 million in Q4 2024, showcasing MIAX's ongoing growth potential driven by diversified products and technological advantages.
See More
MIAX Exchange Group Reports 25.4% Increase in Multi-list Options ADV
- Significant Volume Growth: The MIAX Exchange Group reported a 25.4% year-over-year increase in average daily trading volume (ADV) for multi-list options in February 2026, reaching 10,812,000 contracts, indicating strong market performance and rising client demand.
- Market Share Increase: The options market share for MIAX rose from 15.8% to 17.1%, reflecting not only an enhanced competitive position in a crowded market but also potentially laying the groundwork for future revenue growth.
- Industry Comparison: MIAX's growth rate of 25.4% significantly outpaced the overall U.S. equity options industry ADV growth of 15.9%, demonstrating the effectiveness of MIAX's strategies in attracting traders.
- Futures Trading Volume Decline: Despite the growth in options trading, MIAX Futures experienced a 38.5% decline in ADV, dropping to 14,944,000 contracts, highlighting challenges in the futures market that may necessitate strategic adjustments to address market dynamics.
See More
MIAX Exchange Group Reports 25.4% Increase in Multi-list Options ADV YoY
- Significant Volume Growth: The MIAX Exchange Group's average daily trading volume (ADV) for multi-list options reached 10,812,000 contracts in February 2026, a 25.4% increase from 8,625,000 contracts in February 2025, indicating a substantial enhancement in the company's market competitiveness.
- Market Share Increase: The options market share for MIAX rose from 15.8% to 17.1%, reflecting not only an enhanced position within the industry but also the potential to attract more investors, thereby driving further revenue growth.
- Industry Comparison: MIAX's trading volume growth outpaced the overall U.S. equity options industry's 15.9%, demonstrating the company's superior performance relative to competitors and reinforcing its market leadership.
- Futures Trading Volume Decline: Despite the growth in options trading, MIAX Futures' ADV fell to 14,944,000 contracts, down 38.5% from 24,316,000 contracts year-over-year, which may impact the company's overall revenue structure and necessitates attention to future market strategy adjustments.
See More
Miami International Holdings Reports Q4 Earnings Growth
- Significant Earnings Growth: Miami International Holdings reported fourth-quarter earnings of $29.94 million, or $0.27 per share, a substantial increase from last year's $2.89 million and $0.04 per share, indicating a marked improvement in profitability.
- Adjusted Earnings Performance: Excluding items, the company reported adjusted earnings of $57.08 million, or $0.52 per share, reflecting strong performance in core operations and bolstering investor confidence.
- Revenue Continues to Rise: The company's revenue for the fourth quarter increased by 14.1% to $369.43 million from $323.90 million last year, demonstrating enhanced competitiveness and the ability to attract more clients in the market.
- Optimistic Market Outlook: With both earnings and revenue growth, Miami International Holdings showcases a robust market performance, which is expected to further drive the company's expansion and investment strategies, strengthening its position in the industry.
See More
Miami International Holdings Q4 Earnings Beat Expectations
- Earnings Beat: Miami International Holdings reported a Q4 non-GAAP EPS of $0.52, exceeding expectations by $0.11, which underscores the company's robust profitability and boosts investor confidence.
- Significant Revenue Growth: The company achieved Q4 revenue of $124.5 million, reflecting a 52.4% year-over-year increase and surpassing market expectations by $3.86 million, indicating strong business expansion and market demand.
- FY 2026 Guidance: Adjusted operating expenses are projected between $265 million and $275 million, with share-based compensation expenses ranging from $27 million to $30 million, demonstrating prudent management of future expenditures aimed at maintaining profitability.
- Increased Daily Volume: The average daily volume for Q4 reached 11.1 million contracts, indicating heightened market activity and further solidifying its competitive position in the exchange market.
See More
MIAX Reports Significant Revenue and Net Income Growth in 2025 Financial Results
- Strong Financial Performance: In Q4 2025, MIAX reported total revenues of $124.5 million, a 52% increase compared to Q4 2024, demonstrating the company's robust performance and potential for sustained growth in the market.
- Significant Net Income Growth: The net income for Q4 reached $29.9 million, up 936% from $2.9 million in the same period last year, reflecting the company's successful strategies in cost control and revenue enhancement.
- Adjusted EPS Improvement: Adjusted earnings per share rose from $0.26 to $0.52, indicating a substantial improvement in profitability and boosting investor confidence in the company's financial health.
- Strategic Acquisitions and Expansion: MIAX's successful acquisition of TISE and the launch of the MIAX Futures Onyx trading platform further solidify its leadership position in the financial markets, laying a strong foundation for future growth.
See More
MIAX Reports Strong 2025 Financial Results with Significant Net Income Growth
- Significant Financial Performance: In Q4 2025, MIAX reported total revenues of $124.5 million, a 52% increase from $81.7 million in Q4 2024, indicating strong market performance and revenue growth potential.
- Dramatic Net Income Growth: The net income for Q4 reached $29.9 million, soaring 936% from $2.9 million in the same quarter of 2024, reflecting a substantial improvement in profitability and robust market demand.
- Operating Income Surge: The operating income for Q4 was $42.7 million, up 496% from $7.2 million year-over-year, demonstrating significant progress in cost control and operational efficiency.
- Strong Adjusted Earnings: Adjusted earnings amounted to $57.1 million, a 192% increase from $19.6 million in Q4 2024, showcasing MIAX's ongoing growth potential driven by diversified products and technological advantages.
See More
