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

Miami International Holdings (MIAX) posted Research & Development of $9.5 million for Q1 2026, down 2.01% quarter-over-quarter from $9.7 million in Q4 2025, and up 25.64% year-on-year from $7.5 million in Q1 2025.

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

Miami International Holdings (MIAX) has reported Research & Development for 3 consecutive years, with $9.5 million the latest figure, recorded in Q1 2026.

  • Research & Development for Q1 2026 came in at $9.5 million, up 25.64% year-over-year; the trailing twelve-month figure through Mar 2026 was $36.0 million (changed N/A YoY), and the FY2025 annual result was $35.4 million, up 21.26% from the prior year.
  • Research & Development was $9.5 million for Q1 2026 at Miami International Holdings, down from $9.7 million in the prior quarter.
  • Over five years, Research & Development peaked at $9.7 million in Q4 2025 and troughed at $7.2 million in Q3 2024.
  • Average Research & Development over 3 years is $8.5 million, with a median of $8.5 million recorded in 2024.
  • The widest YoY moves for Research & Development: up 28.14% in 2025, down 25.28% in 2025.
  • Over 3 years, Research & Development stood at $7.7 million in 2024, then increased by 25.28% to $9.7 million in 2025, then retreated by 2.01% to $9.5 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $9.5 million in Q1 2026, $9.7 million in Q4 2025, and $9.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 1.15 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 583.00 Mn
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -65.09 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 241.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 23.47 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 39.55 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn -
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -
10 Miami International Holdings 3.59 Bn 3.03 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