Miami International Holdings (MIAX) Gross Margin (2024 - 2026)

Miami International Holdings (MIAX) reported Gross Margin of 34.78% for Q1 2026, up 669.0% on a YoY basis from 4.52% in Q1 2025, and up 3.22% quarter-over-quarter from 33.7% in Q4 2025.

Miami International Holdings (MIAX) Gross Margin (2024 - 2026) Analysis & Trends

Miami International Holdings has reported Gross Margin for 3 years, with the latest figure at 34.78% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin rose 669.0% year-over-year to 34.78%; the trailing twelve-month figure through Mar 2026 stood at 32.32% (changed N/A YoY), and the FY2025 full-year result was 31.56%, up 738.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 34.78%, up from 33.7% in the prior quarter.
  • The five-year high for Gross Margin was 34.78% in Q1 2026, with the low at 25.14% in Q3 2024.
  • Historically, Gross Margin has averaged 29.86% across 3 years, with a median of 30.16% in 2025.
  • Annual changes were most pronounced in 2025 — Gross Margin surged 847 bps — and 2026, when it soared 669 bps.
  • Miami International Holdings' Gross Margin stood at 25.23% in 2024, then surged by 34 bps to 33.7% in 2025, then gained 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 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -
2 Morgan Stanley 349.82 Bn 216.29 Bn - -
3 Goldman Sachs 333.85 Bn -603.70 Bn - -
4 Schwab Charles 160.31 Bn 115.33 Bn - -
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 89.97%
6 Interactive Brokers 42.79 Bn 53.38 Bn - -
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - -
8 Tradeweb Markets 21.20 Bn 19.96 Bn - -
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn 99.97%
10 Miami International Holdings 3.44 Bn 2.88 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%