TMX Group Limited
X
ISIN CA87262K1057 / Valor 19299113
TMX Group Limited
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About company
TMX Group Ltd operates global markets and provides digital communities and analytic solutions to support businesses, traders, and investors in their funding, growth, and success. The company focuses on facilitating the financial activities of its clients through its various platforms and services. TMX Group Ltd does not endorse or recommend any specific securities and advises individuals to seek professional advice when evaluating investment opportunities.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (21.12.2024):
Revenue Growth
In the third quarter of 2024, TMX Group Limited reported a significant increase in revenue, reaching $353.8 million. This marks a 23% rise compared to the $287.3 million recorded in the same quarter of the previous year. The growth was driven by strong performances in TMX Trayport, Derivatives, Equities, and Fixed Income Trading and Clearing.
Earnings Per Share
TMX Group Limited's diluted earnings per share for Q3 2024 were $0.30, slightly down from $0.31 in Q3 2023. However, the adjusted diluted earnings per share saw a notable increase of 17%, rising from $0.35 in Q3 2023 to $0.41 in Q3 2024, reflecting improved operational efficiencies and revenue growth.
Net Income
The net income attributable to equity holders of TMX Group Limited for the third quarter of 2024 was $82.7 million, a decrease from $85.3 million in Q3 2023. This decline was primarily due to higher net finance costs and increased income taxes, despite a rise in income from operations.
Operating Expenses
Operating expenses for TMX Group Limited in Q3 2024 increased by 22% to $198.3 million, up from $162.0 million in the same quarter of the previous year. The rise in expenses was largely due to higher employee performance incentives, increased headcount, and IT operating costs, partially offset by reduced project spending.
Cash Flow
TMX Group Limited reported a substantial increase in cash flows from operating activities, which amounted to $170.5 million in Q3 2024. This represents a 46% increase compared to $117.0 million in Q3 2023, highlighting the company's strong cash generation capabilities during the quarter.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
8554 M
Market cap (USD)
127,602
Daily traded volume (Shares)
44.48 / 44.17
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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