TMX Group (TMXXF) Stock Price & Analysis
TMXXF Stock Chart & Stats
- Day’s Range
- $43.19 - $43.71
- 52-Week Range
- $31.66 - $43.71
- Previous Close
- $43.01
- Volume
- N/A
- Average Volume (3M)
- 41.38K
- Market Cap
- $11.82B
- Enterprise Value
- $16.76B
- Total Cash (Recent Filing)
- $762.00M
- Total Debt (Recent Filing)
- $2.86B
- Price to Earnings (P/E)
- 28.2
- Beta
- 0.30
- Next Earnings
- Feb 08, 2027 (Est.)
- EPS Estimate
- 0.46
- Next Dividend Ex-Date
- Nov 13, 2026
- Dividend Yield
- 1.60%
Bulls Say, Bears Say
Bulls Say
Sustained Revenue Growth
Nine consecutive quarters of double-digit revenue growth indicate broadening demand across TMX’s market infrastructure and information businesses. Sustained expansion can strengthen operating leverage, support reinvestment, and improve the durability of earnings over the next several quarters.
Strong Cash Generation
High operating and free cash flow conversion gives TMX substantial internal funding for technology, acquisitions, debt reduction, and shareholder distributions. This cash-generation profile increases financial flexibility and supports resilience through changing capital-markets conditions.
Recurring Data And Technology Expansion
Growth in subscriptions, data feeds, co-location, and recurring Trayport revenue expands TMX beyond volume-sensitive trading fees. A larger recurring information-services base can improve revenue visibility, diversify the business, and support more durable margins over time.
Bears Say
Temporary Leverage Increase
A leverage peak above the long-term target would reduce financial flexibility while TMX absorbs pending transactions and integration work. Higher debt can constrain capital allocation and increase sensitivity to execution or market setbacks before leverage returns toward target.
Operating Cost Pressure
Expense growth materially above underlying revenue growth could dilute operating leverage if it persists. Merit increases, head-count additions, incentives, technology spending, and acquisition costs create a higher cost base that may limit margin expansion during weaker activity periods.
Trading Activity And Market-Share Pressure
Lower equity volumes and market share expose TMX to weaker transaction-related revenue and suggest competitive pressure in a core marketplace. Although activity can recover, sustained share erosion would weaken network economics and reduce the benefit of operating scale.
TMX Group News
TMXXF FAQ
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What is TMX Group’s EPS estimate?
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What is the TipRanks Smart Score and how is it calculated?
TMX Group Stock Smart Score
Company Description
TMX Group
TMX Group Limited is a major global player operating a network of exchanges, markets, and clearinghouses primarily dedicated to capital markets, both within Canada and internationally. The company organizes its business into four distinct segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading and Clearing; and Equities and Fixed Income Trading & Clearing. The Global Solutions, Insights & Analytics segment offers comprehensive equity and index data, alongside integrated datasets, to support proprietary and third-party analytics that aid clients in their trading and investment decisions. This division also furnishes solutions for European and global wholesale energy markets, facilitating price discovery, trade execution, post-trade transparency, and streamlined processing. Within the Capital Formation segment, TMX Group manages the Toronto Stock Exchange, Canada's premier stock exchange for established public companies, and the TSX Venture Exchange, which caters to the public venture equity market. This segment additionally includes TSX Trust, providing a suite of services such as corporate trust administration, registrar duties, transfer agency, and foreign exchange. The Derivatives Trading and Clearing segment oversees the Montreal Exchange, a national platform for derivatives, and the Canadian Derivatives Clearing Corporation, which functions as a clearinghouse for options and futures contracts. This segment also handles various over-the-counter (OTC) products and fixed income repurchase agreements. Lastly, the Equities and Fixed Income Trading & Clearing segment is responsible for the trading operations across the Toronto Stock Exchange, TSX Venture Exchange, and TSX Alpha Exchange. It also manages the clearing and settlement processes for both equity and fixed income transactions, provides securities custody, and offers inter-dealer brokerage services for fixed income. Established in 2011, the company was initially known as Maple Group Acquisition Corporation before adopting the name TMX Group Limited in August 2012. Its corporate headquarters are located in Toronto, Canada.
- Sector
- Financial
- Industry
- Financial - Data & Stock Exchanges
- CEO
- John McKenzie
- Employees
- 2,245
- Website
- www.tmx.com
- Address
- 300 - 100 Adelaide Street West, Toronto, ON, M5H 1S3, CA
TMX Group (TMXXF) Earnings & Revenues
TMXXF Earnings Call
Earnings Call SentimentPositive
The call was strongly positive overall. TMX reported record quarterly revenue, sustained double-digit organic and total growth, higher adjusted EPS, strong capital formation and trading activity, expanding Global Insights businesses, progress on acquisitions and a strong balance sheet. The company also identified challenges including a 12% decline in reported diluted EPS, higher operating expenses, weaker BOX volumes, softer equity and fixed income activity, and early-stage or limited demand for certain digital initiatives, but management characterized several of these issues as temporary, seasonal or part of ongoing strategic execution.
View all TMXXF earnings summariesTMXXF Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 14 | 2 | 6 |
| Technical Analysis | 2 | 2 | 6 |
| Moving Averages | 12 | 0 | 0 |
