Miami International Holdings Reports Strong Q3 2026 Growth with 20% Revenue Increase
Miami International Holdings (NYSE: MIAX) reported robust financial results for the third quarter of 2026, characterized by significant margin expansion and revenue growth. Net revenue rose 20% year-over-year to $131 million, driven largely by a strong performance in its options business, which saw average daily volume increase by over 15% to 11.1 million contracts. The company achieved a substantial turnaround in profitability, reporting GAAP net income of $52.5 million compared to a loss in the prior-year period. This was supported by a lean operating model that allowed adjusted EBITDA to grow 47% to approximately $70.8 million, resulting in an impressive adjusted EBITDA margin of 54%. MIAX is currently entering a new growth phase, expanding its product offerings with Bloomberg index futures on NinjaTrader and new fertilizer futures contracts. Management noted that the reduction in operating expenses compared to last year was primarily due to the absence of IPO-related costs incurred in 2025.
Tickers: $MIAX
Topics: EBITDA financial results options trading volume revenue growth
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