Equity Profile

MIAX

Miami International Holdings, Inc.

FinancialsFinancial Exchanges & Data$4.1B

May6Wed

Post-Earnings Recap

ReportedQ1-2026After Close4:10 PM EDT

Miami International Holdings, Inc. Beats on EPS, Stock Down 0.04%

Metric	Actual	Expected	Surprise
EPS	$0.42	$0.37	+17.32%
Revenue	—	$123M	—

management commentary, guidance changes, and full analysis available with Pro.

Miami International Holdings, Inc. Beats on EPS, Stock Down 0.04%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.42	$0.37	+17.32%
Revenue	—	$123M	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Miami International Holdings reported better-than-expected earnings per share, indicating stronger profitability than analysts anticipated. However, the stock reacted slightly down by 0.04%, suggesting that investors may have been cautious or disappointed by the lack of revenue information and guidance. The absence of management commentary may also have contributed to the muted stock performance.

Company Snapshot

Miami International Holdings, Inc. operates in the financial sector, specifically focusing on financial exchanges and data....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs and generating income.

$0.37

Revenue

Revenue figures will provide insight into the overall business performance and demand for MIAX's services in the financial markets.

$123M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Miami International Holdings, Inc. operates in the financial sector, specifically focusing on financial exchanges and data. As a key player in this industry, MIAX plays a crucial role in facilitating trading and providing market data, which is essential for investors and traders alike.

Earnings Scorecard·Last 3Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+27.04%

Avg Stock Reaction

+2.32%

Last Quarter Recap

In the last quarter, MIAX reported an EPS of $0.52, significantly beating the estimate of $0.41. The stock reacted positively, gaining 3.61% the following day.

Management Promises & Guidance

Continued focus on expanding trading volume.
Commitment to enhancing technology and data services.
Plans to explore new market opportunities.

Expectations

Wall Street Expectations

Analysts expect MIAX to maintain its strong performance with an EPS of $0.37 and revenue of $123M. The market is keen to see if the company can continue its streak of beating earnings estimates.

Bull Case

If MIAX exceeds expectations, it could signal robust growth in trading activity and market share, potentially leading to a significant stock price increase.

Bear Case

Conversely, if MIAX fails to meet expectations, it may raise concerns about declining trading volumes or increased competition, leading to a negative market reaction.

Key Metrics to Watch

EPS

$0.37

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs and generating income.

Revenue

$123M

Revenue figures will provide insight into the overall business performance and demand for MIAX's services in the financial markets.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will MIAX's EPS exceed the consensus estimate of $0.37?

A beat on EPS would reinforce the company's strong performance trend and could lead to a positive stock reaction.

What insights can management provide about trading volumes and market conditions?

Understanding trading volumes will be crucial for assessing future revenue potential and overall market health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate MIAX's ability to capitalize on increased trading volumes driven by market volatility, which could lead to stronger-than-expected earnings.

Supporting Evidence

The company's recent performance has shown a consistent ability to beat earnings estimates.

Options pricing suggests traders expect a significant move, indicating potential for upside surprise.

Key Risk

If trading volumes exceed expectations significantly, it could invalidate the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether MIAX can sustain its recent growth trajectory amid competitive pressures in the financial exchange sector.

Bull Confirmed If

An EPS of $0.40 or higher would confirm the bull case and suggest strong operational performance.

Bear Confirmed If

An EPS below $0.30 would indicate potential issues in revenue generation or market competitiveness.

Pre-Earnings Positioning

Options Market

Implied Move

±7.2%

Historical Avg

±2.3%

Pricing rich

The options market is pricing in a notable move around the earnings report, suggesting that traders anticipate significant volatility.

Options are pricing ±5.1% while MIAX has averaged ±2.3% over the last 3 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

27.2%

Calls (4K)P/C Ratio: 0.29Puts (7K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat setup in Financials

n=30

Fade rate: X of Y (Z%)

This setup has occurred 30 times across Financials in the last 2 years. The average absolute 1-day move is 3.2%, with a raw directional average of -1.0% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MIAX beats expectations, history suggests the stock could rise by about 3.5%, confirming ongoing strength in trading activity.

In-Line / Cautious

An in-line report may lead to a muted reaction as investors await further commentary on future growth prospects.

Miss

If MIAX misses expectations, the stock could decline, with historical patterns suggesting a potential drop of around 3.5%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on trading volume trends and market conditions.
2Management's outlook on competitive pressures in the financial exchange sector.
3Details on new technology initiatives and their potential impact on operations.
4Insights into customer engagement and retention strategies.

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Company Snapshot

Miami International Holdings, Inc. operates in the financial sector, specifically focusing on financial exchanges and data....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs and generating income.

$0.37

Revenue

Revenue figures will provide insight into the overall business performance and demand for MIAX's services in the financial markets.

$123M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 3Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+27.04%

Avg Stock Reaction

+2.32%

Last Quarter Recap

In the last quarter, MIAX reported an EPS of $0.52, significantly beating the estimate of $0.41. The stock reacted positively, gaining 3.61% the following day.

Management Promises & Guidance

Continued focus on expanding trading volume.
Commitment to enhancing technology and data services.
Plans to explore new market opportunities.

Expectations

Wall Street Expectations

Analysts expect MIAX to maintain its strong performance with an EPS of $0.37 and revenue of $123M. The market is keen to see if the company can continue its streak of beating earnings estimates.

Bull Case

If MIAX exceeds expectations, it could signal robust growth in trading activity and market share, potentially leading to a significant stock price increase.

Bear Case

Conversely, if MIAX fails to meet expectations, it may raise concerns about declining trading volumes or increased competition, leading to a negative market reaction.

Key Metrics to Watch

EPS

$0.37

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs and generating income.

Revenue

$123M

Revenue figures will provide insight into the overall business performance and demand for MIAX's services in the financial markets.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will MIAX's EPS exceed the consensus estimate of $0.37?

A beat on EPS would reinforce the company's strong performance trend and could lead to a positive stock reaction.

What insights can management provide about trading volumes and market conditions?

Understanding trading volumes will be crucial for assessing future revenue potential and overall market health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate MIAX's ability to capitalize on increased trading volumes driven by market volatility, which could lead to stronger-than-expected earnings.

Supporting Evidence

The company's recent performance has shown a consistent ability to beat earnings estimates.

Options pricing suggests traders expect a significant move, indicating potential for upside surprise.

Key Risk

If trading volumes exceed expectations significantly, it could invalidate the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether MIAX can sustain its recent growth trajectory amid competitive pressures in the financial exchange sector.

Bull Confirmed If

An EPS of $0.40 or higher would confirm the bull case and suggest strong operational performance.

Bear Confirmed If

An EPS below $0.30 would indicate potential issues in revenue generation or market competitiveness.

Pre-Earnings Positioning

Options Market

Implied Move

±7.2%

Historical Avg

±2.3%

Pricing rich

The options market is pricing in a notable move around the earnings report, suggesting that traders anticipate significant volatility.

Options are pricing ±5.1% while MIAX has averaged ±2.3% over the last 3 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

27.2%

Calls (4K)P/C Ratio: 0.29Puts (7K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat setup in Financials

n=30

Fade rate: X of Y (Z%)

This setup has occurred 30 times across Financials in the last 2 years. The average absolute 1-day move is 3.2%, with a raw directional average of -1.0% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MIAX beats expectations, history suggests the stock could rise by about 3.5%, confirming ongoing strength in trading activity.

In-Line / Cautious

An in-line report may lead to a muted reaction as investors await further commentary on future growth prospects.

Miss

If MIAX misses expectations, the stock could decline, with historical patterns suggesting a potential drop of around 3.5%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on trading volume trends and market conditions.
2Management's outlook on competitive pressures in the financial exchange sector.
3Details on new technology initiatives and their potential impact on operations.
4Insights into customer engagement and retention strategies.