Wall Street analyst estimates for Miami International Holdings, Inc. (MIAX): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Miami International Holdings, Inc. (MIAX) is a financial services corporation that operates diverse marketplaces through its various subsidiaries, facilitating trading across options, futures, and cash equities. Its extensive options suite encompasses MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire. For U.S. equities, it provides MIAX Pearl Equities. The company's offerings extend to U.S.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $535M | $532M – $543M | $1.76 | 5 |
| 2027E | $573M | $559M – $586M | $1.91 | 5 |
Figures in USD · consensus as of November 5, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 2 |
| Hold | 3 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 5 |
| Avg rating (−2 sell to +2 buy) | 0.40 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-02-24 | $0.43 | ||
| 2026-10-29 | $0.45 | $0.37 | +22.1% |
| 2026-08-05 | $0.48 | $0.41 | +17.5% |
| 2026-05-06 | $0.42 | $0.36 | +16.7% |
| 2026-02-25 | $0.52 | $0.41 | +26.8% |
| 2025-11-05 | $0.42 | $0.31 | +35.5% |
| 2025-08-04 | $0.46 | $0.30 | +52.6% |
Valuation Ratios
| P/E Ratio | 9.35 |
| Price / Book | 2.84 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $452.5M | $751.5M | $797.9M | $1.04B | $1.14B | $1.36B |
| Cost of Revenue | $355.9M | $570.2M | $602.3M | $808.5M | $864.4M | $992.3M |
| Gross Profit | $96.5M | $181.3M | $195.6M | $232.5M | $275.6M | $371.8M |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | 0 | $122.2M | $151.0M | $189.1M | $225.9M | $270.9M |
| Operating Expenses | 0 | $157.6M | $190.3M | $235.3M | $278.5M | $335.2M |
| Operating Income | -$23.9M | $23.7M | $5.3M | -$2.9M | -$2.8M | $36.6M |
| EBITDA | -$6.5M | -$50.2M | $92.3M | $17.8M | $142.4M | -$26.3M |
| Interest Expense | 0 | $19.3M | $21.9M | $18.9M | $14.0M | $12.9M |
| Pre-tax Income | -$44.9M | -$90.6M | $50.1M | -$22.1M | $105.1M | -$68.6M |
| Income Tax | -$12.8M | $3.0M | -$7.2M | -$697,000 | $3.1M | $1.4M |
| Net Income | -$31.9M | -$93.4M | $57.6M | -$20.9M | $102.1M | -$70.0M |
| EPS | -$0.40 | -$1.18 | $0.72 | -$0.26 | $1.29 | -$1.00 |
| EPS (Diluted) | -$0.40 | -$1.18 | $0.72 | -$0.26 | $1.29 | -$1.00 |
| Shares Outstanding (Diluted) | 79.4 M | 79.4 M | 79.4 M | 79.4 M | 79.4 M | 69.8 M |
Price
| Price | $34.97 (closing price, November 4, 2026) |
| Market Cap | $3.5B |
| Exchange | NYSE |
| Country | US |
Related companies: IBKR · HOOD · TW · MKTX · CRCL
Explore sector: Financial Services · Financial - Capital Markets
More sections of MIAX: Overview · Financials · Valuation · Technical · Ownership
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