Miami International Holdings (MIAX) Operating Expenses (2024 - 2026)
Miami International Holdings' (MIAX) quarterly Operating Expenses came in at $82.6 million in Q1 2026, up 18.73% YoY from $69.6 million in Q1 2025, and up 0.99% on a QoQ basis from $81.8 million in Q4 2025.
Miami International Holdings (MIAX) Operating Expenses (2024 - 2026) Analysis & Trends
Miami International Holdings (MIAX) has 3 years of Operating Expenses data on file, last reported at $82.6 million in Q1 2026.
- Quarterly Operating Expenses rose 18.73% year-over-year to $82.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $343.8 million (up 60.02% YoY) and the FY2025 annual result came in at $338.6 million, up 21.58% from the prior year.
- Operating Expenses climbed to $82.6 million in Q1 2026, from $81.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $109.8 million in Q3 2025 to a low of $69.6 million in Q1 2025.
- A 3-year average of $81.5 million and a median of $78.2 million in 2024 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 55.25% in 2025, down 9.75% in 2025.
- Tracing MIAX's Operating Expenses over 3 years: stood at $74.5 million in 2024, then gained by 9.75% to $81.8 million in 2025, then gained by 0.99% to $82.6 million in 2026.
- The last three Operating Expenses figures came in at $82.6 million (Q1 2026), $81.8 million (Q4 2025), and $109.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 734.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | 81.75 Mn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 381.00 Mn |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 4.67 Bn |
| 10 | Miami International Holdings | 4.29 Bn | 3.74 Bn | 128.59 Mn | 82.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 82.63 Mn |
| Dec 31, 2025 | 81.81 Mn |
| Sep 30, 2025 | 109.79 Mn |
| Mar 31, 2025 | 69.59 Mn |
| Dec 31, 2024 | 74.55 Mn |
| Sep 30, 2024 | 70.72 Mn |