Miami International Holdings, Inc. (MIAX) Revenue History
Annual and quarterly revenue from 2020 to 2025
Compound Annual Growth Rate (CAGR)
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MIAX Revenue Growth
Revenue Breakdown (FY 2025)
MIAX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MIAX Revenue Analysis (2020–2025)
As of May 8, 2026, Miami International Holdings, Inc. (MIAX) generated trailing twelve-month (TTM) revenue of $1.36 billion, reflecting strong growth of +14.1% year-over-year. The most recent quarter (Q4 2025) recorded $369.4 million in revenue, up 8.7% sequentially.
Looking at the longer-term picture, MIAX's 5-year compound annual growth rate (CAGR) stands at +24.7%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $1.36 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows MIAX's business is primarily driven by Transaction And Clearing Fees (87%), Access Fees (8%), and Market Data Fees (3%). With over half of revenue concentrated in Transaction And Clearing Fees, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including CBOE, NDAQ, and ICE. Compare MIAX vs CBOE →
MIAX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MIAXCurrent | $1.4B | +14.1% | +24.7% | 2.7% | |
 CBOE | $4.7B | - | - | 32.1% | |
 NDAQ | $8.2B | - | - | 28.4% | |
 ICE | $12.6B | - | - | 38.7% | |
 CME | $6.5B | - | - | 64.9% | |
 MKTX | $849M | - | - | 41.2% |
MIAX Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.36B | - | $371.8M | 27.3% | $36.6M | 2.7% |
| 2024 | $1.14B | - | $275.6M | 24.2% | $-2,825,000 | -0.2% |
| 2023 | $1.04B | - | $232.5M | 22.3% | $-2,866,000 | -0.3% |
| 2022 | $797.9M | - | $195.6M | 24.5% | $5.3M | 0.7% |
| 2021 | $751.5M | - | $181.3M | 24.1% | $23.7M | 3.2% |
| 2020 | $452.5M | - | $96.5M | 21.3% | $-23,880,000 | -5.3% |
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Start ComparisonMIAX — Frequently Asked Questions
Quick answers to the most common questions about buying MIAX stock.
Is MIAX's revenue growth accelerating or slowing?
MIAX maintains +14.1% revenue growth, in line with its 5-year CAGR of +24.7%. TTM revenue stands at $1.4B. Growth rate remains consistent with historical average.
What is MIAX's long-term revenue growth rate?
Miami International Holdings, Inc. 's 5-year revenue CAGR of +24.7% reflects the sustained expansion pattern. Current YoY growth of +14.1% is near this long-term average.
How is MIAX's revenue distributed by segment?
MIAX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2025 are available for download. Segment mix reveals concentration and diversification trends.