Miami International Holdings (MIAX) Gross Margin (2024 - 2026)
Miami International Holdings (MIAX) posted Gross Margin of 34.78% for Q1 2026, up 3.22% quarter-over-quarter from 33.7% in Q4 2025, and up 669.0% year-on-year from 4.52% in Q1 2025.
Miami International Holdings (MIAX) Gross Margin (2024 - 2026) Analysis & Trends
Miami International Holdings (MIAX) has reported Gross Margin for 3 consecutive years, with 34.78% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 34.78%, up 669.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 32.32% (changed N/A YoY), and the FY2025 annual result was 31.56%, up 738.0% from the prior year.
- Gross Margin was 34.78% for Q1 2026 at Miami International Holdings, up from 33.7% in the prior quarter.
- Over five years, Gross Margin peaked at 34.78% in Q1 2026 and troughed at 25.14% in Q3 2024.
- Average Gross Margin over 3 years is 29.86%, with a median of 30.16% recorded in 2025.
- Year-over-year, Gross Margin jumped 847 bps in 2025 and surged 669 bps in 2026.
- Over 3 years, Gross Margin stood at 25.23% in 2024, then surged by 34 bps to 33.7% in 2025, then grew by 3 bps to 34.78% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 34.78% in Q1 2026, 33.7% in Q4 2025, and 32.22% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 206.12% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 89.97% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 84.10% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 99.97% |
| 10 | Miami International Holdings | 3.59 Bn | 3.03 Bn | 128.59 Mn | 34.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 34.78% |
| Dec 31, 2025 | 33.70% |
| Sep 30, 2025 | 32.22% |
| Mar 31, 2025 | 28.09% |
| Dec 31, 2024 | 25.23% |
| Sep 30, 2024 | 25.14% |