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
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