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| Date | Value |
|---|---|
| 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% |