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Miami International Holdings, Inc. MIAX R2KR3KFINANCIAL

Financial Services · Capital Markets · United States
https://www.miaxglobal.com
Company Profile ↓
$42.39
+37.90% 1Y
Mkt Cap$4.10B
P/E32.86
P/B3.91
52W High$56.84
52W Low$30.74
Book Value$11.31
EPS (TTM)$1.29

Company Overview

Miami International Holdings, Inc., through its subsidiaries, builds and operates various financial marketplaces in the United States. It operates through Options, Equities, and International segments. The company's markets include options through MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire; U.S. equities through MIAX Pearl Equities; U.S. futures and options on futures through MIAX Futures; and international listings through BSX and TISE. It also trades Hard Red Spring Wheat futures and options on MIAX Futures; provides clearing services for U.S. futures and options on futures through MIAX Futures Clearing; and owns Dorman Trading, a full-service futures commission merchant provides execution and clearing services for introducing brokers, retail customers, institutional clients, and professional traders. In addition, the company offers financial markets and securities services to public and private companies. Miami International Holdings, Inc. was incorporated in 2007 and is headquartered in Princeton, New Jersey.

Why Investors Should Care

Strong Return on Equity

Generates a return on equity of 18.1%, reflecting efficient use of shareholder capital.

Steady Revenue Expansion

Revenue has grown at a 14.5% CAGR over the past five years.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Dec 2025 Revenue of $1.36B (+19.6% YoY); net profit $-70.03M.
  • Trailing 12 Months Year-on-year growth — revenue +18.3%, earnings +54.3%.
  • 5-Year Trend Long-term compounding — revenue CAGR 14.5%.

Growth & Price Performance

Compounded Sales Growth

5 Years:14.47%
1 Year:18.30%

Compounded Profit Growth

5 Years:-
1 Year:54.30%

Stock Price Performance

1 Year:+37.90%
6 Months:+3.44%
3 Months:+8.11%
1 Month:-6.75%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 45% of range
$30.74 $56.84
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)47.72 · Neutral
Price Performance
1M-6.75%
3M+8.11%
6M+3.44%
1Y+37.90%
Valuation vs Sector

P/E of 32.86 is above the sector median of 14.52 — pricier than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 14.5% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading 25.4% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
32.86
Industry PE
14.52
Forward P/E
22.89
PEG Ratio
-
Book Value
$11.31
Price to Book
3.91
P/S
2.92
EV/EBITDA
19.05
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
14.47%
Profit 5Y
-
Revenue (YoY)
18.30%
Earnings (YoY)
54.30%

Profitability & Returns

ROCE
9.97%
ROE
18.14%
ROA
7.69%
Profit Margin
9.70%
Op Margin
14.91%
Gross Margin
34.35%
EPS (Latest Qtr)
$0.40
EPS (TTM)
$1.29

Balance Sheet & Liquidity

Debt/Equity
1.53
Quick Ratio
2.23
Current Ratio
2.60
Debt
$17.57M
Total Assets
$1.60B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
9.66%
Chg in Prom Hold
-0.08%
FII / Inst Holding
73.90%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
$4.10B
Total Revenue (TTM)
$1.47B
EBITDA
$193.79M
Free Cash Flow
$145.04M
Operating Cash Flow
$167.83M
Shares Outstanding
96.79M
Gross Margin
34.35%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 MIAX Miami International Holdings, Inc. R2KR3KFINANCIAL 42.39 32.86 $4.10B 0.00% 9.97% 18.14% 14.47% -
2 JPM JPMorgan Chase & Co. SPXR3KFINANCIAL 358.64 15.37 $953.34B 1.68% - 17.79% 12.50% 14.83%
3 BRK-B Berkshire Hathaway Inc. SPXFINANCIAL 506.03 15.07 $707.59B 0.00% - 10.50% 4.18% 9.44%
4 V Visa Inc. SPXR3KFINANCIAL 374.00 31.86 $637.34B 0.72% 37.15% 61.19% 14.33% 13.04%
5 MA Mastercard Incorporated SPXR3KFINANCIAL 579.21 31.82 $503.60B 0.60% 60.19% - 12.29% 19.21%
6 BAC Bank of America Corporation SPXR3KFINANCIAL 62.68 14.48 $438.31B 2.03% - 11.20% 3.14% 4.27%
7 BRK-A Berkshire Hathaway Inc. FINANCIAL 759,350.00 15.07 $384.00B 0.00% - 10.50% 7.60% 10.02%
8 HSBC HSBC Holdings plc FINANCIAL 107.11 15.30 $367.34B 3.62% - 13.10% 9.75% 12.72%
9 MS Morgan Stanley SPXR3KFINANCIAL 217.72 17.59 $342.26B 2.15% - 17.97% 3.76% 9.66%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Sep 2024Mar 2025Jun 2025Sep 2025Mar 2026Jun 2026
Revenue 276.66M327.08M327.78M339.78M369.69M387.63M
Gross Profit 69.56M91.88M104.66M109.48M128.59M141.11M
Operating Income -1.16M22.29M27.29M-305.00K45.97M27.80M
Net Income -3.20M-21.42M23.53M-102.08M170.22M44.21M
Diluted EPS -0.05-0.340.30-1.461.560.40

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2023Dec 2024Dec 2025
Revenue 1.04B1.14B1.36B
Gross Profit 232.47M275.64M430.53M
Operating Income -2.87M-2.83M91.97M
Net Income -20.89M102.12M-70.03M
Diluted EPS -0.371.39-1.00

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --973.65M1.26B
Total Equity -107.00K163.78M367.62M881.02M
Cash & Equivalents -59.29M150.34M433.65M
Long Term Debt --32.27M0
Total Liabilities --606.03M378.41M
Current Liabilities --405.22M337.26M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2023Dec 2024Dec 2025
Operating Cash Flow -49.20M111.44M167.83M
Investing Cash Flow -64.14M-40.59M-101.33M
Financing Cash Flow -16.62M29.41M214.77M
Capital Expenditure -16.20M-26.74M-22.79M
Free Cash Flow -65.40M84.70M145.04M
Share Buybacks 3.31M12.42M21.83M

Ratios (Annual)

Figures in %.

Metric Dec 2023Dec 2024Dec 2025
Gross Margin % 22.3%24.2%31.6%
Operating Margin % -0.3%-0.2%6.7%
Net Margin % -2.0%9.0%-5.1%
ROE % -12.8%27.8%-7.9%
ROCE % --0.5%10.0%

Shareholding Pattern

Insiders
9.66%
Institutions
73.90%
Public Float
81.80%

Top Institutional Holders

#Holder% HeldSharesValue
1 Horizon Kinetics Asset Management LLC 7.90% 7.84M $337.21M
2 Blackrock Inc. 5.11% 5.07M $218.09M
3 T. Rowe Price Investment Management, Inc. 5.07% 5.03M $216.42M
4 Vanguard Portfolio Management LLC 3.82% 3.79M $162.82M
5 Susquehanna International Group, LLP 3.38% 3.36M $144.27M
6 Vanguard Capital Management LLC 3.19% 3.17M $136.12M
7 Invesco Ltd. 2.04% 2.02M $86.89M
8 J Digital 6 LLC 1.82% 1.81M $77.71M
9 BLAIR WILLIAM & CO/IL 1.78% 1.77M $76.09M
10 Balyasny Asset Management LP 1.70% 1.68M $72.37M

Analyst View

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Latest News

Recent headlines for MIAX

Google News Fri, 04 Sep 2026

Miami International (MIAX) risk and compliance officer exercises and sells 11K shares in one day - Stock Titan

<a href="https://news.google.com/rss/articles/CBMixAFBVV95cUxNOE82N2Faa3JmVW4yV1YyU0FER0R1dzNmMS1Fbi10M1h2RmVubFNEaUFKSDhHampubVRKN1hFZE9DTFY5YjVtOWx5SktoeC0yNEQ2bElqbGRDa2E1bmVkVnhxcW9reDdxR2psZldmekpLVjE5UjBlSzFEMy0wMENqcGVTUTVBMTFmNXpvdm…

Google News Fri, 04 Sep 2026

Miami International Holdings Reports August 2026 Trading Results - Morningstar

<a href="https://news.google.com/rss/articles/CBMiwwFBVV95cUxPYjh0RGI2alVPeUxBekxKRks4SXIycDlXdmFJM1dBQzVtM2VDUUJsR3BKU0hycUVqdmpDTHFValZULTd0U1dBQWRWOWpud0lZVllERnoxdFB1WXFtd0tsMndmZXlkV2xwanB4dnM5c2I0WmxGZW1zWTRNRWZXUTgyNFc1MEROX1dJR21vdz…

Google News Fri, 04 Sep 2026

Thomas Gallagher Sells 47,000 Shares of Miami International (NYSE:MIAX) Stock - marketbeat.com

<a href="https://news.google.com/rss/articles/CBMi0gFBVV95cUxOU2dCZlRFWVFsVld2VS00X05FQnN0djBBa2RET0ZXbGthTU8ycThud25RX2E2QVlOdHFxTFg4aGpVNGtWRC1WdnRzUDRuUi0yYm1QLXdBVHg0WElDbWRXaUlxd2RKZ0xxUDhaNkZacnphMmIxdHdab2ZqODk4MzBUeE5GaXhZbkppc1JkQk…

Google News Fri, 28 Aug 2026

Is Miami International Holdings (MIAX) A Bargain As Its Listings Expansion Story Builds? - Yahoo Finance

<a href="https://news.google.com/rss/articles/CBMiqgFBVV95cUxOWVJoZVNiMU9XSjRUR0psNDgwLTJhUEJ2LUNFajVscmhzMVdNYzNjQzdjcktBallSU05YanE2dUNJaThBSWNHb3RvVGhncGh3MmNlYXowaEF2Vlhna1dXYXVuOTE2cmNRbmpIS1NmUlNTMFRaa0dZTllQVkJGdVA2WlFoYTJRaFhvMU95el…

Google News Fri, 29 May 2026

MIAX Stock Price and Chart — NYSE:MIAX - TradingView

<a href="https://news.google.com/rss/articles/CBMiWkFVX3lxTFBBUE1VejExRjNBcEl3VDhPN3BTa0M5M2tKZnV3dEpVdzlEUXBmTmFFTG9YYUZjTFlaQm1BTFpXOFZidEIzTnMxNlZpXzY5cGUxVnk4aC1fT2RoZw?oc=5" target="_blank">MIAX Stock Price and Chart — NYSE:MIAX</a>&nb…

Google News Fri, 04 Sep 2026

Miami International Holdings (MIAX) EVP sells 44K shares in 10b5-1 trade - Stock Titan

<a href="https://news.google.com/rss/articles/CBMixAFBVV95cUxPazRLV0s5Q2ZiY2p1T0VIbjhRQnJSYVdLMXRtTGxldm1FUXI3ejdBZ2NsaF9KRWk4SjZxMXVpV1ptYUMzanhNVWpPNEhnN2t2ejh4NGFVMVBQNHUzT0gxY2tLQldBMkpOOGpsODZTNHNIMlE2MGx3N2F5TFF6cVBrdU0zQ2tFeE1ibm1kYT…

MIAX — Frequently Asked Questions

What is the current share price of Miami International Holdings, Inc. (MIAX)?

As of 2026-09-07 16:24 PDT, Miami International Holdings, Inc. (MIAX) trades at $42.39 on NYSE. Its 52-week range is $30.74 to $56.84.

What is the market capitalisation of MIAX?

Miami International Holdings, Inc. (MIAX) has a market capitalisation of $4.10B on NYSE.

What is the P/E ratio of MIAX?

MIAX trades at a trailing price-to-earnings (P/E) ratio of 32.86. The industry average P/E is 14.52. Its price-to-book (P/B) ratio is 3.91.

What is the return on equity (ROE) of MIAX?

MIAX has a return on equity (ROE) of 18.14%. Its return on capital employed (ROCE) is 9.97%.

Is MIAX a good stock to buy?

This page provides a data-driven analysis of Miami International Holdings, Inc. (MIAX), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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