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Miami International Holdings vs WisdomTree: MIAX and WT compared
Miami International Holdings is the larger company: $376M of revenue in its latest quarter (Q3 2026) against $179M for WisdomTree (Q3 2026). WisdomTree is growing faster (+43% against +11% a year earlier). WisdomTree is more profitable, with an operating margin of 41.3% against 12.5%.
Where the money goes: MIAX and WT
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.
WisdomTree (WT) · Q3 2026
WisdomTree, Q3 2026: revenue $179M (+43% year over year), operating margin 41.3%, net earnings $49.2M, operating cash flow $59.7M. The chart follows the revenue to costs, profit and cash.
| Miami International Holdings (MIAX) | WisdomTree (WT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $376M | $179M |
| Revenue growth, Y/Y | +11% | +43% |
| Gross margin | 34.8% | — |
| Operating margin | 12.5% | 41.3% |
| Net earnings | $52.5M | $49.2M |
| Net margin | 13.9% | 27.4% |
| Operating cash flow | $23.1M | $59.7M |
| Free cash flow | $21.6M | $59.6M |
| Market value | $3.8B | — |
| 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%)
WisdomTree
- Advisory fees: $152M (85%)
- Other revenues: $18.5M (10%)
- Management fees: $5.4M (3%)
- Performance fees: $3.8M (2%)
Questions
Which is bigger, Miami International Holdings or WisdomTree?
Miami International Holdings is the larger company: $376M of revenue in its latest quarter (Q3 2026) against $179M for WisdomTree (Q3 2026).
Is Miami International Holdings or WisdomTree growing faster?
WisdomTree is growing faster (+43% against +11% a year earlier).
Which is more profitable, Miami International Holdings or WisdomTree?
WisdomTree is more profitable, with an operating margin of 41.3% against 12.5%.
More: Miami International Holdings earnings · how Miami International Holdings makes money · WisdomTree earnings · how WisdomTree makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.