Earnings & Results
TMX Group Q3 Revenue Climbs 17% to $491.1 Million as Adjusted EPS Rises 21%
By News Desk ·
Key takeaways
- TMX Group's Q3 revenue rose 17% to $491.1 million from $418.6 million a year earlier.
- Adjusted diluted EPS reached $0.63, up 21% from $0.52, while GAAP diluted EPS fell to $0.38 from $0.43.
- Organic revenue grew 11% and Global Insights revenue rose 26% year over year.
- TMX Group declared a $0.26 per share dividend payable November 27, 2026.
TMX Group reported third-quarter revenue of $491.1 million, up 17% from $418.6 million a year earlier, and adjusted diluted earnings per share of $0.63, up 21% from $0.52. TradingView published the results, which came from a TMX Group press release distributed by TMX Newsfile.
TMX Group's Q3 Revenue and Earnings Detail
Diluted earnings per share came in at $0.38, down 12% from $0.43 in the same quarter a year earlier. The figure includes a 10 cent per share decrease tied to net foreign exchange losses in the third quarter of 2026, compared with gains in the third quarter of 2025. GAAP net income was $105.8 million, down from $120.5 million, as higher finance costs and acquisition-related expenses weighed on reported earnings.
Organic revenue growth was 11%. Global Insights revenue rose 26% year over year. Operating expenses were $305.7 million, up 35%, reflecting integration and BOX pass-through costs.
TMX Group operates Canada's primary equity and derivatives exchanges, including the TSX, TSX Venture Exchange and Montréal Exchange, along with clearing, settlement and global market data and indices businesses.
TMX Group's Recent Acquisitions
According to akta.pro company records, TMX Group agreed in April 2026 to acquire Cboe Australia and Cboe Canada from Cboe Global Markets for US$300 million, or about C$409 million, pending regulatory approval in Australia and Canada. In June 2026 the company acquired RAFI Indices from Research Affiliates for US$490 million, or about C$683 million, adding index licensing revenue and roughly C$35 billion in tracked ETF assets.
The same records show a September 2026 post-IPO debt round of $790.5 million.
Dividends and Leadership Comments Before the Results
On October 29, 2026, TMX Group declared a $0.26 per common share dividend payable November 27, 2026 to shareholders of record November 13, 2026, TradingView reported. Two days earlier, The Globe and Mail reported that CEO John McKenzie said he wants reduced regulatory and cost barriers for companies listing on the TSX to help the exchange compete globally.
On October 5, 2026, Yogonet reported that TMX Group could introduce prediction markets in Canada if client demand develops, and that it is pursuing a proposed combination with BOX Options Market that would create a US exchange group in which TMX would own about 59% of a US$2.3 billion business.
TMX Global Insights Presentation in November
TMX Global Insights CEO Peter Conroy is scheduled to present at the TD Cowen 2026 Financials & Fintech Conference on November 17, 2026, from 11:00 to 11:30 a.m. EST, Stock Titan reported. A webcast link will be archived in TMX's shareholder events section.