Miami International Holdings (MIAX) Operating Expenses (2024 - 2026)

Miami International Holdings (MIAX) reported Operating Expenses of $82.6 million for Q1 2026, up 18.73% on a YoY basis from $69.6 million in Q1 2025, and up 0.99% quarter-over-quarter from $81.8 million in Q4 2025.

Miami International Holdings (MIAX) Operating Expenses (2024 - 2026) Analysis & Trends

Miami International Holdings has reported Operating Expenses for 3 years, with the latest figure at $82.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 18.73% year-over-year to $82.6 million; the trailing twelve-month figure through Mar 2026 stood at $343.8 million (up 60.02% YoY), and the FY2025 full-year result was $338.6 million, up 21.58% from the prior year.
  • Operating Expenses for Q1 2026 stood at $82.6 million, up from $81.8 million in the prior quarter.
  • The five-year high for Operating Expenses was $109.8 million in Q3 2025, with the low at $69.6 million in Q1 2025.
  • Historically, Operating Expenses has averaged $81.5 million across 3 years, with a median of $78.2 million in 2024.
  • The largest YoY upside for Operating Expenses was 55.25% in 2025 against a maximum downside of 9.75% in 2025.
  • Miami International Holdings' Operating Expenses 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 SOL Strategies 94,425.84 Bn 94,425.84 Bn - 386,258.80
2 Morgan Stanley 349.82 Bn 216.29 Bn - 13.47 Bn
3 Goldman Sachs 333.85 Bn -603.70 Bn - 10.43 Bn
4 Schwab Charles 160.31 Bn 115.33 Bn - 3.29 Bn
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 656.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - 381.00 Mn
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 4.45 Bn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 330.51 Mn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn 81.75 Mn
10 Miami International Holdings 3.44 Bn 2.88 Bn 128.59 Mn 82.63 Mn

Historic Data

Download Data
DateValue
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