Miami International Holdings MIAX
NYSE MIAX
$42.54 -0.35 (-0.82%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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