Miami International Holdings Reports Q4 2025 Earnings

MIAX executives discuss financial results and strategic initiatives for the options exchange operator.

Mar. 3, 2026 at 7:07am

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Miami International Holdings, Inc. (MIAX), the parent company of the MIAX options exchange, held its Q4 2025 earnings call on February 25, 2026. The call featured remarks from MIAX's Chairman and CEO Thomas P. Gallagher, CFO Lance Emmons, CIO Douglas Schafer, Jr., and Chief Strategy Officer Shelly Brown. The executives discussed the company's financial performance in Q4 2025 as well as key strategic initiatives and growth plans for the options exchange business.

Why it matters

As one of the leading options exchange operators, MIAX's quarterly earnings and strategic direction provide important insights into the overall health and competitiveness of the U.S. options market. The company's results and commentary offer a window into industry trends, competitive dynamics, and regulatory changes impacting options trading.

The details

During the earnings call, MIAX's leadership team reviewed the company's Q4 2025 financial results, which included increases in trading volume, market share, and revenue compared to the prior year period. The executives also discussed strategic initiatives such as new product launches, technology enhancements, and geographic expansion plans to drive continued growth for the MIAX options exchange business.

  • The Q4 2025 earnings call was held on February 25, 2026.

The players

Thomas P. Gallagher

Chairman and Chief Executive Officer of Miami International Holdings, Inc.

Lance Emmons

Chief Financial Officer of Miami International Holdings, Inc.

Douglas Schafer, Jr.

Chief Information Officer of Miami International Holdings, Inc.

Shelly Brown

Chief Executive Officer of MIAX Futures and Chief Strategy Officer of Miami International Holdings, Inc.

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