Miami International Holdings Reports Second Quarter 2026 Results
Miami International Holdings reported record Q2 2026 net revenue of $141.1 million, a 35% year-over-year increase driven by a 25% rise in options volume to 11.0 million contracts and higher revenue per contract. Adjusted EBITDA surged 57% to $76.8 million, expanding margins by over 700 basis points to 54%, though operating expenses rose due to a $30 million litigation settlement.
Key figures
- Eps
- 0.4
- Revenue
- $141.1 million
- Guidance
- Adjusted operating expenses $260M-$270M (down from $265M-$275M); Share-based compensation $29M-$32M (up from $27M-$30M); Depreciation and amortization $35M-$39M (up from $33M-$38M); CapEx $40M-$45M (unchanged)
- Revenue Yoy
- 35%
- Total debt
- $1.5 million
- Options adv
- 11000000
- Adjusted eps
- $0.48
- Adjusted ebitda
- $76.8 million
- Operating income
- $27.8 million
- Cash and equivalents
- $660.5 million
- Options market share
- 16.5%
- Adjusted ebitda margin
- 54%
AI analysis
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