Miami International Holdings, Inc. (MIAX) Q3 Revenue Up 20% to $131M; Adj. EBITDA Up 47%
Miami International Holdings reported Q3 2026 revenue of $131.0M, up 20% YoY, with adjusted EBITDA of $70.8M (54% margin) and adjusted diluted EPS of $0.45. Options ADV rose 15% YoY to 11.1M contracts, and options market share reached 17.4%.
How this was made

The 30-second read
Why it matters
The earnings beat may attract new capital and improve market perception of MIAX's growth trajectory.
Market read
First-report earnings data for a mid-cap exchange operator, offering a clear trading catalyst.
What to watch
Potential concerns about GAAP profitability and sustainability of growth.
Background
Miami International Holdings (MIAX) released its Q3 2026 earnings, showing revenue and EBITDA growth.
Ticker impact
Q3 2026 revenue up 20% YoY to $131M and adjusted EBITDA up 47% to $70.8M.
likely upside as investors price in the revenue and margin expansion
The earnings beat and margin improvement are fresh primary data that can drive buying pressure.
Market effects
Positive signal for the options and futures brokerage sector, may lift peers.
U.S. market participants may adjust exposure to exchange operators.
Limited to U.S. listed exchange operators; modest global effect.
Counterpoint
If the earnings beat is already priced in, the stock could face short-term profit taking.
Key entities
- CompanyMiami International Holdings
U.S.-listed exchange operator reporting Q3 earnings.
