Filing Flows › Comparisons › MIAX vs NAVI
Miami International Holdings vs Navient Holdings: MIAX and NAVI compared
Miami International Holdings is the larger company: $376M of revenue in its latest quarter (Q3 2026) against $317M for Navient Holdings (Q3 2026). Navient Holdings is growing faster (+97% against +11% a year earlier). Miami International Holdings is more profitable, with an operating margin of 12.5% against 4.1%.
Where the money goes: MIAX and NAVI
Miami International Holdings (MIAX) · Q3 2026
Miami International Holdings, Q3 2026: revenue $376M (+11% year over year), operating margin 12.5%, net earnings $52.5M, operating cash flow $23.1M. The chart follows the revenue to costs, profit and cash.
Navient Holdings (NAVI) · Q3 2026
Navient Holdings, Q3 2026: revenue $317M (+97% year over year), operating margin 4.1%, net earnings $15.0M. The chart follows the revenue to costs, profit and cash.
| Miami International Holdings (MIAX) | Navient Holdings (NAVI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $376M | $317M |
| Revenue growth, Y/Y | +11% | +97% |
| Gross margin | 34.8% | — |
| Operating margin | 12.5% | 4.1% |
| Net earnings | $52.5M | $15.0M |
| Net margin | 13.9% | 4.7% |
| Operating cash flow | $23.1M | — |
| Free cash flow | $21.6M | — |
| Market value | $3.8B | $856M |
| P/E | 11.8× | — |
| Analysts’ mean target | $44.80 | — |
Where the revenue comes from
Miami International Holdings
- Transaction and clearing fees: $316M (84%)
- Access fees: $36.9M (10%)
- Market data fees: $13.9M (4%)
- Other revenue: $8.9M (2%)
Navient Holdings
- Noninterest income: $202M (64%)
- Net interest income: $115M (36%)
Questions
Which is bigger, Miami International Holdings or Navient Holdings?
Miami International Holdings is the larger company: $376M of revenue in its latest quarter (Q3 2026) against $317M for Navient Holdings (Q3 2026).
Is Miami International Holdings or Navient Holdings growing faster?
Navient Holdings is growing faster (+97% against +11% a year earlier).
Which is more profitable, Miami International Holdings or Navient Holdings?
Miami International Holdings is more profitable, with an operating margin of 12.5% against 4.1%.
More: Miami International Holdings earnings · how Miami International Holdings makes money · Navient Holdings earnings · how Navient Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.