Miami International Holdings (MIAX) Operating Expenses (2024 - 2026)
Miami International Holdings (MIAX) posted Operating Expenses of $113.32 million for the quarter ended Jun 30, 2026, up 46.5% from $77.37 million a year earlier and up 37.1% from the prior quarter.
Miami International Holdings (MIAX) Operating Expenses (2024 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Miami International Holdings was $387.54 million, up 32.6% year-over-year; for the year ended Dec 31, 2025, it was $338.56 million, up 21.6% from the prior year.
- In prior years, Miami International Holdings' Operating Expenses was $278.47 million in the year ended Dec 31, 2024 (+18.3%) and $235.34 million in the year ended Dec 31, 2023.
- The figure for the quarter ended Jun 30, 2026 stands as the highest quarterly Operating Expenses in data going back to the quarter ended Sep 30, 2024.
- On a year-over-year basis, Operating Expenses has increased in each of the last four quarters, with growth averaging 32.5% over the last four quarters.
- According to Business Quant data, Operating Expenses for the three prior quarters was $82.63 million (quarter ended Mar 31, 2026), $81.81 million (quarter ended Dec 31, 2025) and $109.79 million (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 107.24 Bn | 95.34 Bn | - | 599.10 Mn |
| 2 | Intercontinental Exchange | 89.11 Bn | 82.85 Bn | - | 1.28 Bn |
| 3 | Robinhood Markets | 88.82 Bn | 69.85 Bn | - | 734.00 Mn |
| 4 | Nasdaq | 53.35 Bn | 50.77 Bn | 1.50 Bn | 788.00 Mn |
| 5 | Interactive Brokers | 37.00 Bn | 14.11 Bn | - | 440.00 Mn |
| 6 | Cboe Global Markets | 32.85 Bn | 24.51 Bn | 731.60 Mn | 255.60 Mn |
| 7 | LPL Financial Holdings | 25.71 Bn | 21.03 Bn | - | 4.67 Bn |
| 8 | Tradeweb Markets | 25.06 Bn | 17.08 Bn | - | 313.68 Mn |
| 9 | Circle Internet | 20.98 Bn | 14.86 Bn | 288.85 Mn | 254.49 Mn |
| 10 | Miami International Holdings | 3.02 Bn | 471.94 Mn | 141.11 Mn | 113.32 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 113.32 Mn |
| Mar 31, 2026 | 82.63 Mn |
| Dec 31, 2025 | 81.81 Mn |
| Sep 30, 2025 | 109.79 Mn |
| Jun 30, 2025 | 77.37 Mn |
| Mar 31, 2025 | 69.59 Mn |
| Dec 31, 2024 | 74.55 Mn |
| Sep 30, 2024 | 70.72 Mn |
Miami International Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=MIAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "MIAX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=MIAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();