TMX Group Limited

X

Equity

ISIN null / Valor 19299113

Toronto Stock Exchange (2025-12-19)

CAD 52.08+0.95%

TMX Group Limited
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About company

TMX Group Limited is a prominent Canadian financial services company that operates global markets and provides a range of services designed to support the funding, growth, and success of businesses, traders, and investors. As the owner and operator of the Toronto Stock Exchange (TSX) and the TSX Venture Exchange, TMX Group plays a critical role in the Canadian capital markets by facilitating the listing and trading of securities. The company also offers a suite of digital and analytic solutions that enhance market efficiency and transparency. These services include data analytics, risk management tools, and technology solutions that cater to the needs of financial professionals and institutions. TMX Group's operations extend beyond traditional exchange services, as it seeks to build digital communities that connect market participants and foster innovation in the financial sector.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

Revenues increased by $64.8 million (18%) compared to Q3 2024, driven by strong performances in Derivatives Trading and Clearing, TMX VettaFi, TMX Trayport, TMX Datalinx, and Equities as well as Fixed Income Trading, along with beneficial FX impacts.

Earnings Performance

Net income attributable to equity holders rose by $37.8 million (46%), with diluted earnings per share improving from $0.30 to $0.43. Adjusted diluted EPS increased by 27% from $0.41 to $0.52, signaling effective operational execution and revenue expansion.

Operational Efficiency

Operating income increased by $36.3 million (23%), while operating expenses saw a 14% rise reflecting investments in headcount, IT, and project-related costs. The company’s underlying operational strength is underscored by favorable performance across its multiple business lines.

Strategic Initiatives and Credit Profile

TMX Group’s strategy involves bolstering its market ecosystem through acquisitions such as Verity, which was completed on October 1, 2025, to enhance TMX Datalinx’s offerings. Additionally, Morningstar DBRS reaffirmed the company’s strong credit ratings, supporting its financial stability and growth outlook for Q3 2025.

Summarized from source with an LLMView Source

Key figures

18.7%1Y

95.1%3Y

105%5Y

Performance

22.2%1Y

18.2%3Y

17.6%5Y

Volatility