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TMX drives revenue growth with multiple acquisitions and MEMX deal
TMX increased revenue in the second quarter by 16% to CAD 487.5m and improved EBIT by 18.2% to CAD 227.1m; adjusted earnings per share rose 19% to CAD 0.62. Management and the CFO are making a strategic USD 800m investment in MEMX and are contributing their stake in BOX to a new company in which TMX is expected to hold 59%; closing is subject to SEC conditions and is planned for H2 2027. At the same time, TMX has already acquired CBOE Australia/Canada and RAFI Indices and aims to double revenue to CAD 2bn within at most seven years while significantly expanding the share of recurring revenues and its international business. » More on finanzen.net
TMX Group: TM2X revenue target within reach ahead of schedule
TMX Group reports organic revenue of CAD 975 million in the first half of 2024 and sees the TM2X target of CAD 2 billion reachable much earlier than planned, possibly by 2027 or even sooner. Growth is supported by strong organic momentum, three major acquisitions (Cboe Australia, proposed transaction with CDS Canada, MEMX Group/BOX) totaling about CAD 2 billion, and business lines with recurring revenues that now make up more than 50% of group revenue. Management plans further acquisitions while maintaining capital discipline and credit ratings (target leverage excluding M&A 1.5–2.5x; expected peak during integration ~3.4x) and announced the third dividend increase within 12 months. » More on de.investing.com
TMX Group bets on M&A, data and AI to accelerate growth
TMX Group pursues a growth strategy focused on acquisitions, recurring revenue, international expansion and the expansion of its Global Solutions, Insights and Analytics segment. The planned acquisitions of MEMX and BOX are expected to close after SEC review in early 2027 and will strengthen TMX’s presence in the U.S. options market. Data, analytics and derivatives businesses are showing strong growth, while the company waits for regulatory approvals and customer demand before launching new products and entering new markets. TMX is also investing in co‑location infrastructure for AI‑capable hardware, views AI primarily as an internal productivity tool, and emphasizes the protective factors of its data‑ and network‑based business models. » More on de.investing.com
Historical dividends Dividends
All dividend metrics All metricsFinancials
| (EUR) | June 2026 | YoY |
|---|---|---|
| Revenue | 466.99M | 77.59% |
| Gross profit | 219.15M | 29.07% |
| Net profit | 87.98M | 90.41% |
| EBITDA | 176.83M | 47.90% |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €10.05B |
Number of shares | 275.39M |
52-week high/low | €37.43 - €28.25 |
Dividend yield | 1.55% |
Dividends TTM | €0.60 |
Next dividend | €0.17 |
Beta | 0.04 |
P/E ratio | 26.29 |
PEG ratio | 0.61 |
P/B ratio | 3.20 |
P/S ratio | 8.48 |
Company profile
TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading and Clearing; and Equities and Fixed Income Trading & Clearing. The Global Solutions, Insights & Analytics segment delivers equities and index data, as well as integrated data sets for the proprietary and third party analytics to help clients in making trading and investment decisions; and provides solutions to European and global wholesale energy markets for price discovery, trade execution, post-trade transparency, and straight through processing. The Capital Formation segment operates Toronto Stock Exchange, a national stock exchange for the senior equities market; TSX Venture Exchange, a national stock exchange for the public venture equity market; and TSX Trust that provides corporate trust, registrar, transfer agency, and foreign exchange services. The Derivatives Trading & Clearing segment operates Montreal Exchange, a national derivatives exchange; Canadian Derivatives Clearing Corporation, a clearinghouse for options and futures contracts; and various over-the-counter products and fixed income repurchase agreements. The Equities and Fixed Income Trading & Clearing segment engages in the trading operations of Toronto Stock Exchange, TSX Venture Exchange, and TSX Alpha Exchange; and clearing and settlement of equities and fixed income transactions, and custody of securities; and provision of fixed income inter-dealer brokerage services. The company was formerly known as Maple Group Acquisition Corporation and changed its name to TMX Group Limited in August 2012. TMX Group Limited was incorporated in 2011 and is headquartered in Toronto, Canada.
| Name | TMX Group |
| CEO | John McKenzie |
| Headquarters | Toronto,
on Canada |
| Website | |
| IPO | 10/01/2003 |
| Employees | 2,185 |
Ticker symbols
| Exchange | Symbol |
|---|---|
Toronto Stock Exchange | X.TO |
Pnk | TMXXF |
Frankfurt | 9TX.F |
Düsseldorf | 9TX.DU |