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Miami International Holdings, Inc.
MIAX
NYSE·Financial Services·Financial - Capital Markets·Mkt cap $3.7B
$40.84
▲ +4.58%
View full research view
Our plain-language verdict, the thesis, risk factors, and what is changing about the business.
View research view52-Week Range
$28.63 - $57.14
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 27.0% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
6 reasons
- Multi-asset class exchange operator with specialized options and futures expertise
- Diversified revenue streams from trading fees, market data, and clearing services
- Established market infrastructure with regulatory approval and operational scale
- Dorman Trading subsidiary provides integrated execution and clearing capabilities
- International market access through BSX and TISE venues
- Technology platform supporting high-volume trading across multiple asset classes
Bear Case
2 risks
- Above-average volatility (beta 1.6).
- Significant premium - growth priced in
Growth
Revenue decline expected
Increasing options trading volume and retail investor participation
Value
Significant premium - growth priced in
Momentum
Stable
-2.8% over 3m
Quality
Stable
Strong fundamentals
Dividend
None
No dividend
Smart-money signal
Who's buying MIAX right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Latest print - beat on both lines
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Aug 5, 2026
MAY 6, 2026
Reported EPS of $0.42 vs $0.36 consensus (+16.7% surprise). Revenue of $128.6M vs $122.8M expected (+4.7%). Beat on both top and bottom lines.
EPS surprise · last 4Q
1 of 1 beats
Q2 26
+16.7%
Next: Aug 5, 2026
Revenue trend · last 8Q
—
—
+24%
+18%
+22%
+22%
+16%
+13%
Q2 24
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
$264.6M
$275.3M
$317.5M
$327.1M
$327.8M
$339.8M
$369.4M
$369.7M
Margins · last 8Q
Gross
—
Operating
—
Profit
46.0%
Wall Street consensus
4 analysts · 50% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
50%
Hold
50%
Sell
0%
Median Price Target
$50.00
▲ +22.4% vs $40.84
Latest: Keefe, Bruyette & Woods · May 8, 2026
1 analyst covering
vs Industry
How MIAX stacks vs Financial - Capital Markets
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.