Miami International Holdings (MIAX) Research & Development (2024 - 2026)

Miami International Holdings' (MIAX) quarterly Research & Development came in at $9.5 million in Q1 2026, up 25.64% YoY from $7.5 million in Q1 2025, and down 2.01% on a QoQ basis from $9.7 million in Q4 2025.

Miami International Holdings (MIAX) Research & Development (2024 - 2026) Analysis & Trends

Miami International Holdings (MIAX) has 3 years of Research & Development data on file, last reported at $9.5 million in Q1 2026.

  • Quarterly Research & Development rose 25.64% year-over-year to $9.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $36.0 million (changed N/A YoY) and the FY2025 annual result came in at $35.4 million, up 21.26% from the prior year.
  • Research & Development slipped to $9.5 million in Q1 2026, from $9.7 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $9.7 million in Q4 2025 to a low of $7.2 million in Q3 2024.
  • A 3-year average of $8.5 million and a median of $8.5 million in 2024 frame the typical range for Research & Development.
  • The widest YoY moves for Research & Development: up 28.14% in 2025, down 25.28% in 2025.
  • Tracing MIAX's Research & Development over 3 years: stood at $7.7 million in 2024, then advanced by 25.28% to $9.7 million in 2025, then dropped by 2.01% to $9.5 million in 2026.
  • The last three Research & Development figures came in at $9.5 million (Q1 2026), $9.7 million (Q4 2025), and $9.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn - 1.20 Bn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 635.00 Mn
3 Schwab Charles 220.55 Bn 135.80 Bn - -
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -65.09 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 256.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn -
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - -
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 26.20 Mn
10 Miami International Holdings 4.29 Bn 3.74 Bn 128.59 Mn 9.48 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 9.48 Mn
Dec 31, 2025 9.68 Mn
Sep 30, 2025 9.29 Mn
Mar 31, 2025 7.55 Mn
Dec 31, 2024 7.73 Mn
Sep 30, 2024 7.25 Mn