Miami International (MIAX) revenue breakdown
By segment, Options is the largest at 81% of fiscal 2025 revenue, growing 19% a year over 2 years.
By product, Transaction and clearing fees is the largest at 87% of fiscal 2025 revenue, growing 15% a year over 2 years.
Revenue by segment
Fiscal years, as Miami International reports them in its 10-K filings; fiscal 2025 total $1.4B.
| Segments | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|
| Options | $788M | $852M | $1.1B | 81% |
| Equities | $165M | $188M | $153M | 11% |
| Futures | $84M | $96M | $88M | 6% |
| International | $3M | $3M | $15M | 1% |
Revenue by product
Fiscal years, as Miami International reports them in its 10-K filings; fiscal 2025 total $1.4B.
| Products | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|
| Transaction and clearing fees | $907M | $1.0B | $1.2B | 87% |
| Access fees | $88M | $90M | $106M | 8% |
| Market data fees | $30M | $34M | $42M | 3% |
| Other revenue | $16M | $17M | $27M | 2% |
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Where does Miami International make its money?
In fiscal 2025, by segment: Options $1.1B, Equities $153M, Futures $88M, International $15M.
From Miami International's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.