Observed Signal · Oct 29, 2026 · Earnings Report · Source: PR Newswire: Technology News · Impact: 2/5 · Sentiment: Positive
MIAX Reports Q3 2026 Results: Net Revenue Up 20%
Miami International Holdings (MIAX), a technology-driven operator of regulated financial markets, reported strong third-quarter 2026 results. Net revenue grew 20% year-over-year to $131.0 million, driven by robust options business performance. Adjusted EBITDA surged 47% to $70.8 million, with margin expanding to 54%. Options exchanges achieved record average daily volume of 11.1 million contracts, up 15.2%, and market share rose to 17.4%. The company also achieved net income of $52.5 million, a significant improvement from the prior year's loss, aided by lower expenses and absence of IPO-related charges. MIAX launched new products, including Bloomberg index futures on NinjaTrader and four fertilizer futures contracts. The company lowered its full-year 2026 adjusted operating expense guidance to $254-$257 million.
MIAX is a financial exchange operator, and this earnings report shows healthy growth in options trading, which is relevant to the broader AdTech ecosystem only as an indicator of market activity, but not directly impacting ad tech operations.
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Key Takeaways & Evidence Grounding
- Q3 2026 net revenue grew 20% YoY to $131.0 million.
- Adjusted EBITDA increased 47% to $70.8 million with margin at 54%.
- Options average daily volume rose 15.2% YoY to 11.1 million contracts and market share reached 17.4%.
- MIAX launched four fertilizer futures and Bloomberg index futures on NinjaTrader.
- Full-year 2026 adjusted operating expense guidance lowered to $254-$257 million.
Connected Companies & Entities
1 Entity mapped“Bloomberg index futures launched on NinjaTrader.”
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
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