Miami International Q2 adjusted EPS beats estimates, revenue up 35%

Miami International Holdings

05/08/2026 21:27

Overview
US exchange operator's Q2 net revenue rose 35% yr/yr to record high
Adjusted EPS for Q2 beat analyst expectations
Company updated FY 2026 expense guidance, lowering adjusted operating expense outlook

Outlook
Company lowers 2026 adjusted operating expense guidance to $260 mln-$270 mln from $265 mln-$275 mln
Miami International Holdings raises 2026 share-based compensation expense guidance to $29 mln-$32 mln
Company expects 2026 capital expenditures of $40 mln-$45 mln, unchanged from prior guidance

Result Drivers
OPTIONS VOLUME - Co said options business growth was driven by a 25% yr/yr increase in average daily volume and higher revenue per contract
NON-TRANSACTION REVENUE - Higher non-transaction fees from increased member connections, fee increases, and new market data products contributed to revenue growth
INTERNATIONAL SEGMENT - Revenue in international segment increased due to TISE acquisition

Company press release: ID:nPreVRSLba

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$141 mln
 
Q2 Adjusted EPS
Beat
$0.48
$0.42 (6 Analysts)
Q2 EPS
 
$0.40
 
Q2 Adjusted Net Income
 
$53.30 mln
 
Q2 Adjusted EBITDA
 
$77 mln
 
Q2 Operating Income
 
$27.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the financial & commodity market operators & service providers peer group is "buy"
Wall Street's median 12-month price target for Miami International Holdings, Inc. is $52.00, about 14.7% above its August 4 closing price of $45.34

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)