Growth Metrics

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

Miami International Holdings posted quarterly Research & Development of $9.5 million for Q1 2026, up 25.64% year-on-year 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) has 3 years of Research & Development data on file, last reported at $9.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 25.64% year-over-year to $9.5 million; the trailing twelve-month figure through Mar 2026 stood at $36.0 million (changed N/A YoY), and the FY2025 full-year result was $35.4 million, up 21.26% from the prior year.
  • Research & Development for Q1 2026 stood at $9.5 million, down from $9.7 million in the prior quarter.
  • Across five years, Research & Development topped out at $9.7 million in Q4 2025 and bottomed at $7.2 million in Q3 2024.
  • The 3-year median for Research & Development is $8.5 million (2024), against an average of $8.5 million.
  • Peak annual rise in Research & Development reached 28.14% in 2025, while the deepest fall reached 25.28% in 2025.
  • A 3-year view of Research & Development shows it stood at $7.7 million in 2024, then climbed by 25.28% to $9.7 million in 2025, then declined 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 330.71 Bn 197.18 Bn - 1.15 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 583.00 Mn
3 Schwab Charles 154.74 Bn 109.76 Bn - -
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 241.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - -
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn -
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 23.47 Mn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn -
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 39.55 Mn
10 Miami International Holdings 4.25 Bn 3.69 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