Miami International Holdings (MIAX) Q3 FY2026 earnings: revenue $376 million, up 10.7% on the year
Miami International Holdings, Inc. (MIAX) reported revenue of $376 million for Q3 FY2026, the quarter ended 30 September 2026, up 10.7% on the same quarter a year earlier. Net income was $52 million, and diluted earnings per share $0.47. The figures are the company's own, from the 10-Q it filed with the SEC on 2 November 2026.
Revenue
$376 million
+10.7% on the year · -3.0% on the quarter
Q3 FY2024Q3 FY2026
Operating margin
12.5%
-0.1% a year earlier
Q3 FY2024Q3 FY2026
Net income
$52 million
+18.7% on the quarter
Q3 FY2024Q3 FY2026
Diluted EPS
$0.47
+17.5% on the quarter
Q3 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 1 raised, 2 lowered.
Net revenue rose 20%: Net revenue, revenues less cost of revenues, rose $21.5 million to $131.0 million from $109.5 million a year earlier, with options the main driver.
Adjusted EBITDA margin reached 54%: Adjusted EBITDA rose 47% to $70.8 million. Adjusted EBITDA margin was 54%, against 44% a year earlier.
Options net revenue grew 19%: Options net revenue rose to $112.6 million from $94.5 million, on higher net transaction fees and higher non-transaction fees.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
23.1
123
54.7
-81.2%
-57.8%
Capital expenditure
1.4
16.3
1.7
-91.1%
-17.1%
Free cash flow
21.6
106
53.0
-79.7%
-59.2%
Free cash flow margin
5.7%
27.5%
15.6%
Cash from investing
-4.5
-22.2
-4.5
Cash from financing
9.4
33.0
174
-71.5%
-94.6%
Depreciation and amortisation
9.5
8.8
8.2
+7.7%
+14.9%
Share-based compensation
7.5
7.3
29.1
+3.4%
-74.1%
Buybacks
8.9
3.8
19.9
+138.1%
-55.1%
Diluted shares, weighted
111m
111m
70m
+0.1%
+58.0%
Shares outstanding at period end
100m
99m
81m
+1.4%
+22.8%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
1,220
1,150
832
+6.1%
+46.7%
Debt
1.5
1.5
6.5
+0.2%
-76.5%
Operating lease liabilities
20.2
14.8
18.6
+36.1%
+8.3%
Finance lease liabilities
0.6
0.4
0.4
+55.6%
+39.3%
Other liabilities
376
433
368
-13.3%
+2.1%
Total liabilities and equity
1,618
1,600
1,225
+1.1%
+32.1%
Fixed assets
n/a
n/a
47.9
Goodwill
62.0
61.9
64.7
+0.1%
-4.2%
Intangible assets
169
169
189
-0.0%
-10.7%
Investments
28.9
28.9
14.2
0.0%
+103.5%
Cash and equivalents
699
660
401
+5.8%
+74.1%
Receivables
95.9
120
99.9
-20.0%
-3.9%
Other assets
564
560
408
+0.6%
+38.1%
Total assets
1,618
1,600
1,225
+1.1%
+32.1%
Questions
What was Miami International Holdings' revenue in Q3 FY2026?
Miami International Holdings (MIAX) reported revenue of $376 million for Q3 FY2026, the quarter ended 30 September 2026, up 10.7% on the same quarter a year earlier.
How much did Miami International Holdings earn in Q3 FY2026?
Net income for Q3 FY2026 was $52 million, and diluted earnings per share $0.47.
When did Miami International Holdings report Q3 FY2026 results?
Miami International Holdings filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 2 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 2 November 2026: the filing.