Miami International Holdings (MIAX) Operating Expenses (2024 - 2026)
Miami International Holdings' (MIAX) quarterly Operating Expenses came in at $113.3 million in Q2 2026, up 46.46% on a YoY basis from $77.4 million in Q2 2025, and up 37.14% quarter-over-quarter from $82.6 million in Q1 2026.
Analysis
Miami International Holdings (MIAX) Operating Expenses (2024 - 2026) Analysis & Trends
Miami International Holdings (MIAX) has reported Operating Expenses for 3 consecutive years, with $113.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 46.46% year-over-year to $113.3 million; the trailing twelve-month figure through Jun 2026 stood at $387.5 million (up 32.62% YoY), and the FY2025 full-year result was $338.6 million, up 21.58% from the prior year.
- Operating Expenses climbed to $113.3 million in Q2 2026 per MIAX's latest filing, from $82.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $113.3 million in Q2 2026 and bottomed at $69.6 million in Q1 2025.
- Historically, Operating Expenses has averaged $85.0 million across 3 years, with a median of $79.6 million in 2025.
- The widest YoY moves for Operating Expenses: up 55.25% in 2025, down 9.75% in 2025.
- Over 3 years, Operating Expenses stood at $74.5 million in 2024, then climbed by 9.75% to $81.8 million in 2025, then jumped by 38.51% to $113.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $113.3 million, $82.6 million, and $81.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 98.85 Bn | 98.85 Bn | 1.65 Bn | 599.10 Mn |
| 2 | Intercontinental Exchange | 87.83 Bn | 85.87 Bn | - | 1.28 Bn |
| 3 | Nasdaq | 51.90 Bn | 51.18 Bn | 1.50 Bn | 788.00 Mn |
| 4 | Cboe Global Markets | 30.08 Bn | 27.69 Bn | 731.60 Mn | 255.60 Mn |
| 5 | Tradeweb Markets | 21.77 Bn | 19.72 Bn | - | 313.68 Mn |
| 6 | Marketaxess Holdings | 5.74 Bn | 5.45 Bn | - | 128.54 Mn |
| 7 | Miami International Holdings | 4.05 Bn | 3.37 Bn | 141.11 Mn | 113.32 Mn |
Historic Data
Download Data
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 |