Miami International Posts Record $141 Million Q2 Revenue as Options Volume Hits 11 Million Contracts
Updated
Updated · Yahoo Finance · Aug 8
Miami International Posts Record $141 Million Q2 Revenue as Options Volume Hits 11 Million Contracts
3 articles · Updated · Yahoo Finance · Aug 8
Summary
$141 million in second-quarter net revenue marked a record for Miami International, up 35% from a year earlier, while adjusted EBITDA climbed 57% to $77 million and adjusted EPS reached $0.48.
Options drove the surge: segment revenue rose 34% to $124 million as average daily volume hit 11 million contracts and revenue per contract increased to $0.124 from $0.11 in the first quarter.
Management tied the elevated activity to geopolitical tensions, trade-policy uncertainty and AI-related market swings, saying volatility boosted demand for listed risk-management products.
MIAX's options market share was 16.5%, flat from a year earlier but down from 17.3% in Q1; executives expect second-half revenue per contract to normalize as share rebounds.
The exchange is also pushing Bloomberg-branded futures toward retail distribution and cut its full-year adjusted operating expense outlook to $260 million-$270 million.