Miami International Holdings (MIAX) Gross Margin (2024 - 2026)
Miami International Holdings' (MIAX) quarterly Gross Margin came in at 34.78% in Q1 2026, up 669.0% YoY from 4.52% in Q1 2025, and up 3.21% on a QoQ basis from 33.7% in Q4 2025.
Miami International Holdings (MIAX) Gross Margin (2024 - 2026) Analysis & Trends
Miami International Holdings (MIAX) has 3 years of Gross Margin data on file, last reported at 34.78% in Q1 2026.
- Quarterly Gross Margin rose 669.0% year-over-year to 34.78% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 32.32% (changed N/A YoY) and the FY2025 annual result came in at 31.56%, up 739.0% from the prior year.
- Gross Margin grew to 34.78% in Q1 2026, from 33.7% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 34.78% in Q1 2026 to a low of 25.14% in Q3 2024.
- A 3-year average of 29.86% and a median of 30.16% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2025 — Gross Margin soared 848 bps — and 2026, when it soared 669 bps.
- Tracing MIAX's Gross Margin over 3 years: stood at 25.23% in 2024, then surged by 34 bps to 33.7% in 2025, then climbed by 3 bps to 34.78% in 2026.
- The last three Gross Margin figures came in at 34.78% (Q1 2026), 33.7% (Q4 2025), and 32.22% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | - |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | - |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | - |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 92.05% |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | - |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | - |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 41.19% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 88.68% |
| 10 | Miami International Holdings | 4.18 Bn | 3.51 Bn | 141.11 Mn | 36.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 36.40% |
| 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% |