OTC Markets Q2 revenue, operating income rise on higher trading volumes
OTC Markets Q2 revenue, operating income rise on higher trading volumes
Overview
US trading platform operator's Q2 gross revenue rose 14% yr/yr, operating income up 19%
Adjusted EPS for Q2 increased 13% yr/yr to $1.04
Company returned $6.6 mln to shareholders via dividends and buybacks in Q2
Outlook
OTC Markets announces third-quarter 2026 dividend of $0.30 per share
Company expects strategic alliances to advance digital asset access and trading infrastructure
Company says evolving regulations for tokenized securities may impact trading and compliance
Result Drivers
TRADING VOLUMES - OTC Link revenues rose 27%, driven by a 47% increase in transaction-based revenues due to higher trading volumes on OTC Link ECN, OTC Link NQB, and MOON ATS
CORPORATE SERVICES GROWTH - Corporate Services revenues rose 14%, led by OTCID and supported by a higher average number of companies on OTCQX and OTCQB, as well as price increases
MARKET DATA LICENSING - Market Data Licensing revenues increased 7%, driven by price increases for certain licenses and subscriber growth
Company press release: ID:nGNX9FhrDf
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Gross Revenue |
| $34.76 mln |
|
Q2 Adjusted EPS | Beat | $1.04 | $0.70 (1 Analyst) |
Q2 Net Income |
| $8.55 mln |
|
Q2 Income from Operations |
| $10.49 mln |
|
Q2 Operating Margin |
| 31.10% |
|
Q2 Pretax Profit |
| $10.75 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for OTC Markets Group Inc is $65.00, about 18.2% above its August 4 closing price of $55.00
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago
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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.)