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| 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% |