Deitzel Edward sold $464K of MIAX

Morgan Stanley downgraded Miami International Holdings (MIAX) to Equalweight, lowering its price target to $50.00 from $53.00, citing a balanced risk-reward profile. The firm expects revenue per contract to soften and margin expansion to slow. MIAX's stock trades at $42.87, below the new target and fair value estimate. The company reported strong Q2 2026 earnings, beating expectations with $0.48 EPS and $141.1M revenue. Morgan Stanley remains constructive on MIAX's long-term growth.

MIAX (MIAX) reported Q2 2026 results from its earnings call. Total net revenue rose 35% year over year to $141 million, with adjusted EBITDA margin up more than 700 bps to 54% and adjusted diluted EPS of $0.48. MIAX said Bloomberg Financial Futures products launched and options volumes stayed elevated amid volatile market conditions.

Miami International Holdings (MIAX) reported Q2 2026 net revenue of $141.1 million, up 35% YoY. GAAP diluted EPS was $0.40 and adjusted diluted EPS $0.48. Adjusted EBITDA rose 57% to $76.8 million, with a 54% margin. The company updated FY 2026 expense guidance and noted higher options volumes and new index futures launches.

MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX) filed an SEC Form 8-K — Results of Operations and Financial Condition. Miami International Holdings Reports Second Quarter 2026 Results • Record Q2 Net revenue of $141 million (+35% YoY) • Q2 GAAP diluted EPS of $0.40; Adjusted diluted EPS of $0.48 • Q2 Adjusted EBITDA of $77 million (+57% YoY); Adjusted EBITDA margin of 54% (+>700 bps YoY) • Update

Miami International Holdings’ MIAX Exchange Group reported May 2026 trading results: YTD average daily volume reached 10.8 million contracts through May 2026, up 23.7% vs. the prior year, and YTD market share rose to 17.1% from 16.4%. MIAX Futures listed Tini Bloomberg 100 Index Futures on May 17 (trade date May 18) with ADV of 13,105 contracts for May 18–May 29, 2026.

MIAX Futures, a unit of Miami International Holdings, launched its first equity index futures based on Bloomberg indices: the Tini Bloomberg 100 Index Futures, listed 17 May 2026. MIAX Futures CEO Shelly Brown said trading was smooth, with 25,000 contracts on 19 May and 11,000 on 20 May. A cross-margining agreement with OCC allows capital offsets for cleared products. MIAX reported Q1 2026 futures net revenue of $4.6m (down from $5.9m).