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 338.83 Bn 205.30 Bn - -
2 Goldman Sachs 316.34 Bn -660.01 Bn - -
3 Schwab Charles 220.55 Bn 135.80 Bn - -
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn 206.12%
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 92.05%
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 72.42%
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - -
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - -
10 Miami International Holdings 4.29 Bn 3.74 Bn 128.59 Mn 34.78%

Historic Data

Download Data
DateValue
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%