Options was Miami International Holdings’s largest segment in fiscal 2025, bringing in $1.11B of $1.36B (81%).
| Segment | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Options | $788.29M | $851.75M | $1.11B |
| Equities | $165.17M | $187.77M | $153.35M |
| Futures | $83.73M | $96.08M | $87.87M |
| International | $3.24M | $3.31M | $14.69M |
| Corporate & Other | $580.00K | $1.16M | $1.15M |
| Total | $1.04B | $1.14B | $1.36B |
Miami International Holdings brought in $1.36B from its five segments in fiscal 2025, the year ended December 31, 2025. That was up 19.6% from $1.14B in fiscal 2024. Options was the largest at $1.11B (81.2%), ahead of Equities at $153.35M (11.2%) and Futures at $87.87M (6.4%). The other two segments brought in $15.84M combined.
Compared with fiscal 2024, Options grew fastest, up 30.0% to $1.11B, while Equities fell the most, down 18.3% to $153.35M. From fiscal 2023 to 2025, combined revenue from these segments grew from $1.04B to $1.36B, a compound annual growth rate of 14.5%. Options' share of the total rose from 75.7% to 81.2%.
Transaction & Clearing Fees was Miami International Holdings’s largest product and service line in fiscal 2025, bringing in $1.19B of $1.36B (87%).
| Product and Service | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Transaction & Clearing Fees | $907.14M | $1.00B | $1.19B |
| Access Fees | $88.27M | $89.80M | $106.28M |
| Market Data Fees | $30.11M | $33.67M | $41.63M |
| Other Revenue | $14.90M | $15.33M | $25.59M |
| Corporate & Other | $580.00K | $1.16M | $1.15M |
| Total | $1.04B | $1.14B | $1.36B |
Miami International Holdings brought in $1.36B from its five product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 19.6% from $1.14B in fiscal 2024. Transaction & Clearing Fees was the largest at $1.19B (87.2%), ahead of Access Fees at $106.28M (7.8%) and Market Data Fees at $41.63M (3.1%). The other two lines brought in $26.74M combined.
Compared with fiscal 2024, Market Data Fees grew fastest, up 23.6% to $41.63M. Every line above 2% of revenue grew. From fiscal 2023 to 2025, combined revenue from these lines grew from $1.04B to $1.36B, a compound annual growth rate of 14.5%. Transaction & Clearing Fees' share held steady at about 87.2%.
Services Transferred At A Point In Time was Miami International Holdings’s largest revenue line in fiscal 2025, bringing in $1.20B of $1.36B (88%).
| Timing of Transfer of Good or Service | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Services Transferred At A Point In Time | $908.19M | $1.00B | $1.20B |
| Services Transferred Over Time | $132.24M | $137.28M | $165.93M |
| Corporate & Other | $580.00K | $1.16M | $1.15M |
| Total | $1.04B | $1.14B | $1.36B |
Miami International Holdings brought in $1.36B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 19.6% from $1.14B in fiscal 2024. Services Transferred At A Point In Time was the largest at $1.20B (87.8%), ahead of Services Transferred Over Time at $165.93M (12.2%) and Corporate & Other at $1.15M (0.1%).
Compared with fiscal 2024, Services Transferred Over Time grew 20.9% to $165.93M and Services Transferred At A Point In Time grew 19.5% to $1.20B. From fiscal 2023 to 2025, combined revenue from these revenue lines grew from $1.04B to $1.36B, a compound annual growth rate of 14.5%. Services Transferred At A Point In Time's share of the total rose from 87.2% to 87.8%.
Miami International Holdings (MIAX) reports its revenue by segment, by product and service and by timing of transfer of good or service. In fiscal 2025, Options was its largest segment, bringing in $1.11B (81.2% of the total), followed by Equities at $153.35M (11.2%).
Options was Miami International Holdings' largest segment in fiscal 2025, bringing in $1.11B, or 81.2% of the $1.36B total across its five segments.
Transaction & Clearing Fees was Miami International Holdings' largest product and service line in fiscal 2025, bringing in $1.19B, or 87.2% of the $1.36B total across its five product and service lines.
Services Transferred At A Point In Time was Miami International Holdings' largest revenue line in fiscal 2025, bringing in $1.20B, or 87.8% of the $1.36B total across its three revenue lines.
Among Miami International Holdings' segments that make up at least 2% of revenue, Options grew fastest in fiscal 2025, up 30.0% from $851.75M to $1.11B.
Every figure comes from Miami International Holdings' annual financial filings, as reported. Each line keeps the name Miami International Holdings gives it, and years follow its fiscal calendar.
Miami International Holdings' revenue by segment goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.