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Companies / Financials / Miami International Holdings, Inc.
MIAX

Miami International Holdings, Inc.

FinancialsBanks & Brokers
Ticker MIAXPRINCETON, NJBook value per share $11.07Diluted shares 110.2M

Miami International Holdings, Inc. (NYSE: MIAX) operates regulated financial marketplaces across options, equities, futures and international securities, using proprietary technology developed in-house. Its U.S. businesses include four electronic options exchanges, MIAX Pearl Equities, the MIAX Futures exchange and… From the company’s description.

In fiscal 2025, Miami International Holdings, Inc. reported revenue of $1.36B and a net loss of $70.03M. Its pre-tax margin was 6.7%. Over the twelve months to Sep 30, 2026, revenue was $1.50B.

Fiscal year 2025The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.36BFY2025
Last 12 mo $1.50B
6.74%FY2025
Last 12 mo 10.89%
$-70.03MFY2025
Last 12 mo $296.85M
-7.95%FY2025
Last 12 mo 24.33%
Cash & financing
$167.83MFY2025
Last 12 mo $253.70M
$132.97MFY2025
Last 12 mo $209.48M
0.00FY2025
Last 12 mo 0.00
69.8MFY2025
Last 12 mo 110.2M

Dotted labels explain each measure. is shown separately from the annual figures.

What Miami International Holdings, Inc. does

In the company’s own words

Miami International Holdings, Inc. (NYSE: MIAX) operates regulated financial marketplaces across options, equities, futures and international securities, using proprietary technology developed in-house. Its U.S. businesses include four electronic options exchanges, MIAX Pearl Equities, the MIAX Futures exchange and clearing house, and Dorman Trading, which provides futures execution and clearing services to introducing brokers, retail customers, institutions and professional traders. Internationally, it operates the Bermuda Stock Exchange, which lists equities, debt, funds and insurance-linked securities, and The International Stock Exchange, serving issuers in bond, private equity debt, securitization and fund markets. Its exchange customers include trading firms, market makers, brokers, clearing members, issuers and investors. In 2025, its U.S. options exchanges traded 2.4 billion contracts, while MIAX Futures traded 3.3 million futures and options-on-futures contracts. The company began with the launch of MIAX Options in 2012 and expanded through acquisitions including MIAX Futures, the Bermuda Stock Exchange, Dorman Trading and TISE.

Company details
Sector
Financials
Industry (SIC)
Banks & Brokers
Headquarters
PRINCETON, NJ
CIK
1438472
SIC
6211

Financial performance, year by year

Fiscal 2025–2025 · USD
$-227.33M$244.56M$716.45M$1.19B$1.66B2025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Miami International Holdings, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

240
funds hold it
0 of 35
superinvestors hold it
$1.03B
held by funds, at market
26.3%
of shares held by funds

Largest fund holders · Miami International Holdings, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.09%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.04%of fund net assets
T. Rowe Price Small-Cap Stock Fund, Inc.
OTCFX · T. ROWE PRICE SMALL-CAP STOCK FUND, INC.
0.58%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.07%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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