Jun 2026 (Q2 FY26) — Aug 5, 2026
Miami International Holdings, Inc. Q2 FY26 — Record Revenue and Bloomberg Futures Launch
Read the full callMiami International Holdings (MIAX) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Miami International Holdings earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 388 | +18.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 7.2 | −1.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 44.2 | +87.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$31.54 +1.91% · +$0.59
Performance −24.8% 1Y
1Y: $41.93 on 17 Oct 2025 → $31.54. High $56.84 (14 May 2026), low $29.55 (13 Oct 2026).
- Previous close
- $30.95
- 52-week range
- $29.55 – $56.84
- One year
- −26.74%
Overview
- Symbol
- MIAX
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 6, 2026
Miami International Holdings, Inc. Q1 FY26 — Record Revenue and Strong Options Performance
Read the full callDec 2025 (Q4 FY25) — Feb 25, 2026
Miami International Holdings, Inc. Q4 FY25 — Record Options Market Share and Strong Financial Growth
Read the full callEvery analysed call
Miami International Holdings earnings calls (MIAX)
Financials
What the filings say
Net profit, year on year: +88% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 277 | 324 | 327 | 328 | 340 | 369 | 370 | 388 |
| Operating profit | -1 | 7 | 22 | 27 | -0 | 43 | 46 | 28 |
| Operating margin | −0.4% | 2.2% | 6.8% | 8.3% | −0.1% | 11.6% | 12.4% | 7.2% |
| Interest | 2 | 4 | 4 | 5 | 3 | 0 | 0 | 0 |
| Profit before tax | -2 | 3 | -21 | 25 | -103 | 31 | 100 | 29 |
| Tax rate | −94.7% | 11.4% | −1.0% | 4.6% | 0.8% | 3.0% | −70.1% | −53.6% |
| Net profit | -3 | 3 | -21 | 24 | -102 | 30 | 170 | 44 |
| EPS ($ per share) | -0.05 | — | -0.34 | 0.36 | -1.46 | — | 1.85 | 0.46 |
| Line item | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Equity capital | — | 0 | 0 |
| Reserves | — | -562 | -632 |
| Total liabilities | — | 606 | 378 |
| Fixed assets | — | 44 | 47 |
| Total assets | — | 974 | 1,259 |
| Line item | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Cash from operations | -49 | 111 | 168 |
| Cash from investing | -64 | -41 | -101 |
| Cash from financing | -17 | 29 | 215 |
| Net cash flow | -130 | 100 | 281 |
| Capital expenditure | -16 | -27 | -23 |
| Free cash flow | -65 | 85 | 145 |
MIAX operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Market share multi-listed options | 17.3%Our market share in multi-listed options was 17.3% in the first quarter, up from 16% in the prior year period.Source: earnings call transcript | 16.5%Our second quarter market share in multi-listed options was 16.5%, essentially flat versus the prior year period and a bit lower than what we saw in the first quarter.Source: earnings call transcript | -0.8 pt |
| Average daily volume Options | 10.9MThis represents average daily volume of 10.9 million contracts, a 27% year-over-year increase that outpaced industry ADV of 17%.Source: earnings call transcript | 11MThis represents average daily volume of 11 million contracts, a 25% year-over-year increase that was in line with industry ADV growth.Source: earnings call transcript | +0.9% |
| Market share options | 17.3%Our options market share for the quarter was 17.3%, up year-over-year, but down slightly on a sequential basis.Source: earnings call transcript | 16.5%Q2 options market share was 16.5%, relatively flat year-over-year and down from 17.3% in the first quarter.Source: earnings call transcript | -0.8 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
208 filings between Dec 12, 2025 and Oct 2, 2026.
Open market
decisions to buy or sellPurchases
$722.5K
3 purchases by 1 insider
Sales
$76.56M
66 sales by 11 insiders
97% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 36
- Award — granted as compensation
- 79
- Option exercise — converted options into shares
- 20
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 option exercises, 1 gift, 1 other.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Gallagher Thomas P. | — | $32.30M | Sep 3, 2026 |
| Schafer Douglas M. JR | — | $13.68M | Oct 2, 2026 |
| Comly Barbara J. | — | $9.98M | Sep 2, 2026 |
| Brown Shelly | — | $4.98M | Sep 16, 2026 |
| Emmons Lance | — | $3.47M | Aug 17, 2026 |
| Deitzel Edward | — | $2.93M | Sep 3, 2026 |
| STAHL MURRAY | $722.5K | $2.19M | Mar 5, 2026 |
| Jayabalan Harish | — | $2.56M | Aug 4, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 2, 2026 | Schafer Douglas M. JR EVP and CIO | Sale 10b5-1 plan | 40,000 | $1.33M |
| Oct 2, 2026 | Schafer Douglas M. JR EVP and CIO | Option exercise 10b5-1 plan | 40,000 | $480.0K |
| Sep 25, 2026 | Jayabalan Harish EVP, CISO and CRO | Option exercise | 8,333 | $100.0K |
| Sep 16, 2026 | Brown Shelly EVP, Chief Strategy Officer | Sale 10b5-1 plan | 21,217 | $819.2K |
| Sep 11, 2026 | Brown Shelly EVP, Chief Strategy Officer | Tax withheld | 16,283 | $692.7K |
| Sep 3, 2026 | Gallagher Thomas P. Chairman & CEO | Sale 10b5-1 plan | 47,000 | $1.99M |
| Sep 3, 2026 | Deitzel Edward EVP, CRO, CCO MIAX Exchanges | Option exercise 10b5-1 plan | 11,000 | $132.0K |
| Sep 3, 2026 | Deitzel Edward EVP, CRO, CCO MIAX Exchanges | Sale 10b5-1 plan | 11,000 | $464.3K |
| Sep 3, 2026 | Gallagher Thomas P. Chairman & CEO | Option exercise 10b5-1 plan | 13,140 | $200.0K |
| Sep 3, 2026 | Gallagher Thomas P. Chairman & CEO | Option exercise 10b5-1 plan | 8,333 | $100.0K |
| Sep 3, 2026 | Gallagher Thomas P. Chairman & CEO | Option exercise 10b5-1 plan | 4,464 | $100.0K |
| Sep 3, 2026 | Gallagher Thomas P. Chairman & CEO | Option exercise 10b5-1 plan | 47,000 | $564.0K |
| Sep 3, 2026 | Gallagher Thomas P. Chairman & CEO | Option exercise 10b5-1 plan | 16,666 | $200.0K |
| Sep 2, 2026 | Comly Barbara J. EVP, GC & Corporate Secretary | Sale 10b5-1 plan | 44,445 | $1.80M |
| Sep 2, 2026 | Comly Barbara J. EVP, GC & Corporate Secretary | Option exercise 10b5-1 plan | 44,445 | $533.3K |
| Sep 2, 2026 | Teekell Judson Gray Director | Sale 10b5-1 plan | 5,545 | $230.6K |
| Sep 2, 2026 | Schafer Douglas M. JR EVP and CIO | Sale 10b5-1 plan | 48,000 | $1.94M |
| Sep 2, 2026 | Schafer Douglas M. JR EVP and CIO | Option exercise 10b5-1 plan | 43,334 | $520.0K |
| Sep 2, 2026 | Teekell Judson Gray Director | Sale 10b5-1 plan | 3,000 | $122.7K |
| Sep 2, 2026 | Schafer Douglas M. JR EVP and CIO | Option exercise 10b5-1 plan | 4,666 | $56.0K |
| Aug 19, 2026 | Gallagher Thomas P. Chairman & CEO | Sale 10b5-1 plan | 149,700 | $6.16M |
| Aug 18, 2026 | Gallagher Thomas P. Chairman & CEO | Tax withheld 10b5-1 plan | 150,300 | $6.37M |
| Aug 18, 2026 | Comly Barbara J. EVP, GC & Corporate Secretary | Tax withheld | 43,420 | $1.84M |
| Aug 17, 2026 | Schwarzkopf Cynthia Director | Sale 10b5-1 plan | 5,000 | $214.3K |
| Aug 17, 2026 | Schwarzkopf Cynthia Director | Option exercise 10b5-1 plan | 5,000 | $60.0K |
| Aug 17, 2026 | Emmons Lance EVP and CFO | Sale 10b5-1 plan | 35,000 | $1.50M |
| Aug 4, 2026 | Jayabalan Harish EVP, CISO and CRO | Sale 10b5-1 plan | 20,000 | $918.0K |
| Aug 4, 2026 | Jayabalan Harish EVP, CISO and CRO | Option exercise 10b5-1 plan | 5,832 | $88.8K |
| Aug 4, 2026 | Jayabalan Harish EVP, CISO and CRO | Option exercise 10b5-1 plan | 14,168 | $170.0K |
| Aug 4, 2026 | Gallagher Thomas P. Chairman & CEO | Sale 10b5-1 plan | 48,334 | $2.21M |
| Aug 4, 2026 | Schafer Douglas M. JR EVP and CIO | Sale 10b5-1 plan | 48,000 | $2.19M |
| Aug 4, 2026 | Schafer Douglas M. JR EVP and CIO | Option exercise 10b5-1 plan | 48,000 | $576.0K |
| Aug 4, 2026 | Gallagher Thomas P. Chairman & CEO | Option exercise 10b5-1 plan | 48,334 | $580.0K |
| Aug 4, 2026 | Comly Barbara J. EVP, GC & Corporate Secretary | Sale 10b5-1 plan | 44,445 | $2.03M |
| Aug 4, 2026 | Comly Barbara J. EVP, GC & Corporate Secretary | Option exercise 10b5-1 plan | 44,445 | $533.3K |
| Aug 4, 2026 | Teekell Judson Gray Director | Sale 10b5-1 plan | 3,000 | $137.4K |
| Aug 4, 2026 | Eckert Kurt M. Director | Sale 10b5-1 plan | 1,063 | $48.7K |
| Aug 4, 2026 | Eckert Kurt M. Director | Option exercise 10b5-1 plan | 1,063 | $12.8K |
| Aug 4, 2026 | Deitzel Edward EVP, CRO, CCO MIAX Exchanges | Sale 10b5-1 plan | 11,000 | $503.6K |
| Aug 4, 2026 | Deitzel Edward EVP, CRO, CCO MIAX Exchanges | Option exercise 10b5-1 plan | 11,000 | $132.0K |
| Jul 15, 2026 | Schwarzkopf Cynthia Director | Option exercise 10b5-1 plan | 5,000 | $60.0K |
| Jul 15, 2026 | Schwarzkopf Cynthia Director | Sale 10b5-1 plan | 5,000 | $210.0K |
| Jul 13, 2026 | Gallagher Thomas P. Chairman & CEO | Option exercise 10b5-1 plan | 70,000 | $840.0K |
| Jul 13, 2026 | Gallagher Thomas P. Chairman & CEO | Sale 10b5-1 plan | 70,000 | $2.98M |
| Jul 13, 2026 | Comly Barbara J. EVP, GC & Corporate Secretary | Sale 10b5-1 plan | 28,000 | $1.18M |
| Jul 13, 2026 | Comly Barbara J. EVP, GC & Corporate Secretary | Option exercise 10b5-1 plan | 28,000 | $336.0K |
| Jul 8, 2026 | BROWN DAVID A Director | Tax withheld | 171 | $7.5K |
| Jul 7, 2026 | Gallagher Thomas P. Chairman & CEO | Sale 10b5-1 plan | 28,228 | $1.19M |
| Jul 7, 2026 | Gallagher Thomas P. Chairman & CEO | Option exercise 10b5-1 plan | 28,228 | $338.7K |
| Jul 6, 2026 | Gallagher Thomas P. Chairman & CEO | Sale 10b5-1 plan | 41,772 | $1.76M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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