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| 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 |