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MIAX Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
41.565
Open
41.170
VWAP
40.67
Vol
1.36M
Mkt Cap
3.72B
Low
39.910
Amount
55.48M
EV/EBITDA(TTM)
--
Total Shares
91.65M
EV
--
EV/OCF(TTM)
--
P/S(TTM)
--
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.
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Events Timeline

(ET)
2026-03-04
07:00:00
Q4 Average Daily Volume Reaches 10.8M Contracts, Up 25.4%
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2026-02-25 (ET)
2026-02-25
16:30:00
Company Reports Q4 Revenue of $124.5M, Beating Expectations
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2026-01-02 (ET)
2026-01-02
13:10:00
MiniMax Secures Alibaba and ADIA Support for Upcoming Hong Kong IPO
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2025-12-23 (ET)
2025-12-23
05:20:00
Miami International Signs MoU with Boursa Kuwait for Collaboration
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2025-12-11 (ET)
2025-12-11
20:00:00
JPMorgan, Morgan Stanley, and Piper Sandler Jointly Manage New Stock Offering
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2025-12-09 (ET)
2025-12-09
18:00:00
Miami International Proposes Secondary Offering of 6.75M Shares
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2025-12-09
17:20:00
Miami International Files to Sell 6.75M Shares of Common Stock
select
2025-11-26 (ET)
2025-11-26
09:36:44
Piper Sandler considers MIAXdx agreement to be 'very favorable' for Robinhood.
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2025-11-25 (ET)
2025-11-25
17:24:57
Miami International to divest MIAXdx to Robinhood in collaboration with Susquehanna
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News

PRnewswire
7.5
03-04PRnewswire
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.
PRnewswire
7.5
03-04PRnewswire
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.
NASDAQ.COM
9.5
02-26NASDAQ.COM
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.
seekingalpha
9.5
02-25seekingalpha
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.
PRnewswire
9.5
02-25PRnewswire
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.
PRnewswire
9.5
02-25PRnewswire
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.
Wall Street analysts forecast MIAX stock price to rise
6 Analyst Rating
Wall Street analysts forecast MIAX stock price to rise
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
37.00
Averages
47.20
High
55.00
Current: 0.000
sliders
Low
37.00
Averages
47.20
High
55.00
Keefe Bruyette
Kyle Voigt
Market Perform
maintain
$43 -> $44
AI Analysis
2025-11-06
Reason
Keefe Bruyette
Kyle Voigt
Price Target
$43 -> $44
AI Analysis
2025-11-06
maintain
Market Perform
Reason
Keefe Bruyette analyst Kyle Voigt raised the firm's price target on Miami International to $44 from $43 and keeps a Market Perform rating on the shares.
Piper Sandler
NULL -> Overweight
upgrade
$48 -> $52
2025-11-04
Reason
Piper Sandler
Price Target
$48 -> $52
2025-11-04
upgrade
NULL -> Overweight
Reason
Piper Sandler raised the firm's price target on Miami International to $52 from $48 and keeps an Overweight rating on the shares. The company will host its first earnings call as a public company this Wednesday. The firm notes the stock has performed well since its IPO and currently trades at a 50% premium to the U.S. exchange peer group on 2027 price to earnings. Piper believes this premium is due to Miami International's scarcity value and its takeout candidacy in the eyes of many investors. But while the forward price to earnings multiple may seem stretched, it trades at a 17% discount to peers on 2027 EV/EBITDA and the firm thinks consensus EPS estimates in Q4, 2026, and 2027 are too low.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for MIAX
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Valuation Metrics

The current forward P/E ratio for Miami International Holdings Inc (MIAX.N) is 31.30, compared to its 5-year average forward P/E of 31.70. For a more detailed relative valuation and DCF analysis to assess Miami International Holdings Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
31.70
Current PE
31.30
Overvalued PE
36.60
Undervalued PE
26.80

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
17.27
Current EV/EBITDA
15.22
Overvalued EV/EBITDA
20.39
Undervalued EV/EBITDA
14.15

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
7.26
Current PS
7.19
Overvalued PS
8.38
Undervalued PS
6.13

Financials

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+47.08%
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N
North Reef Capital Management LP
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-2.70%
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Frequently Asked Questions

What is Miami International Holdings Inc (MIAX) stock price today?

The current price of MIAX is 40.54 USD — it has decreased -1.58

What is Miami International Holdings Inc (MIAX)'s business?

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.

What is the price predicton of MIAX Stock?

Wall Street analysts forecast MIAX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MIAX is47.20 USD with a low forecast of 37.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Miami International Holdings Inc (MIAX)'s revenue for the last quarter?

Miami International Holdings Inc revenue for the last quarter amounts to -28.59M USD, decreased -109.80

What is Miami International Holdings Inc (MIAX)'s earnings per share (EPS) for the last quarter?

Miami International Holdings Inc. EPS for the last quarter amounts to 0.37 USD, increased 825.00

How many employees does Miami International Holdings Inc (MIAX). have?

Miami International Holdings Inc (MIAX) has 0 emplpoyees as of March 11 2026.

What is Miami International Holdings Inc (MIAX) market cap?

Today MIAX has the market capitalization of 3.72B USD.