MIAX Reports Strong Q3 2026 Growth Driven by Options Market Share Gains
Miami International Holdings, Inc. (MIAX) delivered robust third-quarter 2026 financial results, characterized by a 20% increase in net revenue to $131.0 million. The growth was primarily fueled by the options segment, which saw market share rise to 17.4%, and a significant 38% surge in non-transaction fee revenue following price adjustments implemented earlier in the year. The company demonstrated exceptional operating leverage, with Adjusted EBITDA growing 47% to $70.8 million, resulting in an expanded margin of 54%. While options revenue per contract (RPC) declined due to pricing changes and regulatory fees, overall volume increased by 15.2% year-over-year. Management also lowered full-year operating expense guidance, signaling disciplined cost management despite strategic investments.
Topics: Adjusted EBITDA Financial Performance Net Revenue Growth Options Market Share