Miami International Holdings posts Q3 2026 revenue up 20% and margin expansion
Miami International Holdings reported net revenue of $131 million for the third quarter of 2026, a 20% year‑over‑year increase. GAAP net income turned positive at $52.5 million, while adjusted EBITDA rose 47% to $71 million, delivering a 54% margin and adjusted diluted EPS of $0.45. CEO Thomas P. Gallagher said the growth was driven by a stronger options business, new product launches and lower operating expenses, and the company lowered its full‑year 2026 adjusted operating expense guidance.
Why it matters
The company said the reduced expense guidance improves its profitability outlook for the full year. Its strong cash balance of $699 million and minimal debt of $1.5 million give it financial flexibility for future growth initiatives.
Key facts
- 1Net revenue was $131 million, up 20% YoY. prnewswire.com
- 2GAAP net income was $52.5 million, compared with a $102.1 million loss a year earlier. prnewswire.com
- 3Adjusted EBITDA was $71 million, up 47% YoY, with an adjusted EBITDA margin of 54%. prnewswire.com
- 4Adjusted diluted earnings per share was $0.45. prnewswire.com
- 5Average daily options volume reached 11.1 million contracts, a 15% YoY increase. prnewswire.com
- 6Options market share was 17.4% in Q3 2026. prnewswire.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.