Miami International Holdings (MIAX) Operating Margin (2024 - 2026)

Miami International Holdings (MIAX) posted Operating Margin of 12.43% for Q1 2026, up 7.62% quarter-over-quarter from 11.55% in Q4 2025, and up 562.0% year-on-year from 1.88% in Q1 2025.

Miami International Holdings (MIAX) Operating Margin (2024 - 2026) Analysis & Trends

Miami International Holdings (MIAX) has reported Operating Margin for 3 consecutive years, with 12.43% the latest figure, recorded in Q1 2026.

  • Operating Margin for Q1 2026 came in at 12.43%, up 562.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 7.87% (changed N/A YoY), and the FY2025 annual result was 6.74%, up 699.0% from the prior year.
  • Operating Margin was 12.43% for Q1 2026 at Miami International Holdings, up from 11.55% in the prior quarter.
  • Over five years, Operating Margin peaked at 12.43% in Q1 2026 and troughed at 0.42% in Q3 2024.
  • Average Operating Margin over 3 years is 5.42%, with a median of 4.51% recorded in 2025.
  • The widest YoY moves for Operating Margin: up 934 bps in 2025, down 33 bps in 2025.
  • Over 3 years, Operating Margin stood at 2.21% in 2024, then jumped by 423 bps to 11.55% in 2025, then advanced by 8 bps to 12.43% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 12.43% in Q1 2026, 11.55% in Q4 2025, and 0.09% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 149.71%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 28.49%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 46.50%
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 108.11%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -161.28%
10 Miami International Holdings 3.59 Bn 3.03 Bn 128.59 Mn 12.43%

Historic Data

Download Data
DateValue
Mar 31, 2026 12.43%
Dec 31, 2025 11.55%
Sep 30, 2025 -0.09%
Mar 31, 2025 6.82%
Dec 31, 2024 2.21%
Sep 30, 2024 -0.42%