Miami International Holdings Posts 20% Revenue Gain in Q3 2026
The exchange operator reported $131M in net revenue and a 47% jump in adjusted EBITDA, with margins surpassing 54% for the quarter.
Miami International Holdings reported third-quarter 2026 net revenue of $131 million, a 20% increase from the same period a year earlier, the Princeton, N.J.- and Miami-based exchange operator announced Wednesday.
Adjusted EBITDA climbed 47% year over year to $71 million, pushing the adjusted EBITDA margin to 54% — a gain of more than 1,000 basis points compared with the prior-year quarter, signaling a meaningful improvement in operating leverage across the business.
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On a per-share basis, GAAP diluted earnings came in at $0.47, while adjusted diluted EPS reached $0.45 for the quarter. The slight gap between the two figures reflects non-cash or one-time items that are typically excluded from the adjusted measure.
Alongside the earnings release, the company updated its full-year 2026 expense guidance, though the revised targets were not detailed in the initial announcement. Investors and analysts will likely scrutinize the updated cost outlook given the substantial margin expansion already achieved through the first three quarters of the year.
The results underscore a period of accelerating profitability for the exchange holding company, which operates regulated trading venues across equities and options markets. Continue reading at Earnings.
