TSX · Financial Data & Stock Exchanges · CAD

TMX Group Limited (X.TO) Stock Analysis

TMX Group Limited (X.TO) is a Financial Data & Stock Exchanges stock listed on TSX and quoted in Canadian Dollar.

X.TO

CA$54.43

+CA$0.27 (+0.50%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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X.TO Key Statistics

As of Sep 4, 2026

Trading

Open: CA$54.00
Previous Close: CA$54.16
Day's Range: 53.58–54.51
52-Week Range: 44.10–57.27
Volume: 400.80K
Beta: 0.05

Valuation

Market Cap: CA$14.99B
P/E Ratio: 25.08
Forward P/E: 19.98
P/S ratio: 8.09
EPS (ttm): 2.17

Financials (FY)

Revenue (FY): CA$1.72B+17.61%
Net Income (FY): CA$415.70M−13.67%
Profit margin: 32.55%
Shares Outstanding: 275.39M
1-Year Return: +1.18%

Dividend and dates

Dividend: CA$0.96+1.77%
Ex-Dividend Date: August 14, 2026
Earnings Date: October 26, 2026
Avg Volume: 867.70K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

X.TO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+1.31%+63.10%+5.22%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+5.22%
2025	+19.83%
2024	+40.85%
2023	+21.20%
2022	+8.39%
2021	+3.21%
2020	+15.50%
2019	+63.10%
2018	+3.22%
2017	+1.31%
2016 (partial year)	+20.29%

As of September 4, 2026.

X.TO Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$1.72B	CA$415.70M	24.2%
2024	CA$1.46B	CA$481.50M	33.0%
2023	CA$1.19B	CA$356.00M	29.8%
2022	CA$1.11B	CA$542.70M	48.7%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$1.72B	CA$1.13B	CA$771.00M	CA$415.70M	24.2%
2024	CA$1.46B	CA$958.80M	CA$642.30M	CA$481.50M	33.0%
2023	CA$1.19B	CA$780.10M	CA$540.00M	CA$356.00M	29.8%
2022	CA$1.11B	CA$749.30M	CA$522.80M	CA$542.70M	48.7%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

X.TO Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

CA$0.84+12.0% vs 2024

Dividends per share, 2025 · 4 payments

Year	Dividends per share	Payments	Change
2026*	CA$0.74	3	—
2025	CA$0.84	4	+12.0%
2024	CA$0.75	4	+5.9%
2023	CA$0.71	4	+6.6%

Year	Dividends per share	Payments	Change
2026 (partial year)	CA$0.74	3	—
2025	CA$0.84	4	+12.0%
2024	CA$0.75	4	+5.9%
2023	CA$0.71	4	+6.6%
2022	CA$0.66	4	+10.3%
2021	CA$0.60	4	+10.7%
2020	CA$0.54	4	+7.9%
2019	CA$0.50	4	+12.5%
2018	CA$0.45	4	+14.9%
2017	CA$0.39	4	+333.3%
2016	CA$0.09	1	—

Most recent payment: CA$0.25 per share, ex-dividend August 14, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

X.TO Valuation vs Financial Data & Stock Exchanges Median

Median of 16 stocks

Metric	X.TO	Financial Data & Stock Exchanges median	vs median
P/E	25.08	23.24	8% above
P/S ratio	8.09	8.34	3% below
Profit margin	32.55%	28.63%	3.9 pts above

Medians across 16 Financial Data & Stock Exchanges stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

TMX Group Limited (X.TO) is capitalised at CA$14.99B on the latest close. It is classified in the Financial Data & Stock Exchanges industry, within the Financial Services sector. The company reports 2,245 employees.

The 52-week range on file runs from CA$44.10 to CA$57.27. X.TO last closed at CA$54.43 on September 4, 2026. That is +CA$0.27 (+0.50%) against the previous close. The latest close sits 23.42% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of CA$1.72B. That is +17.61% against the prior fiscal year, when revenue was CA$1.46B. Net income for the same year was CA$415.70M. That is −13.67% against the prior fiscal year. Profit margin runs at 32.55%. That is 3.9 percentage points above the Financial Data & Stock Exchanges median of 28.64%. Trailing earnings per share are 2.17.

Across the 4 fiscal years on file, revenue moves from CA$1.11B in 2022 to CA$1.72B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 25.08. That is 7.92% above the Financial Data & Stock Exchanges median of 23.24. The forward P/E on file is 19.98. Measured against sales, the shares trade at 8.09 times revenue. On price-to-sales that is 2.98% below the Financial Data & Stock Exchanges median of 8.34. 16 Financial Data & Stock Exchanges companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 0.05. Daily returns over the trailing 10 years annualize to a volatility of 20.43%. Over the trailing twelve months the price has returned +1.18%. Measured over 10 years, that is +19.51% a year compounded.

Growth & Income

Shareholders receive a dividend, yielding 1.77% on the latest price. That is 0.5 percentage points above the Financial Data & Stock Exchanges median yield of 1.26%. The indicated annual rate is CA$0.96 a share. The ex-dividend date on file is August 14, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling CA$0.74 a share. The year before, 2025, totalled CA$0.84 a share.

Across the complete calendar years on file, 2019 returned +63.10% and 2017 returned +1.31%. Of the 9 complete calendar years on file, 9 finished higher. So far in 2026 the price is +5.22%.

Peer Comparison

TMX Group Limited (X.TO) operates in the Financial Data & Stock Exchanges industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
TMX Group Limited	X.TO	CA$14.99B	25.1
S&P Global Inc.	SPGI	CA$130.75B	27.4
CME Group Inc.	CME	CA$101.15B	23.9
Intercontinental Exchange, Inc.	ICE	CA$90.53B	22.7

The Financial Data & Stock Exchanges industry average P/E ratio is 23.2x. TMX Group Limited trades at a P/E of 25.1.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About TMX Group Limited

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates in four segments: Global Insights; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing. The company delivers equities and index data, as well as integrated data sets for the proprietary and third-party analytics to help clients in making trading and investment decisions; and provides solutions to European and global wholesale energy markets for price discovery, trade execution, post-trade transparency, and straight through processing. It also operates Toronto Stock Exchange, a national stock exchange for the senior equities market; TSX Venture Exchange, a national stock exchange for the public venture equity market; TSX Trust that provides corporate trust, registrar, transfer agency, and foreign exchange services; and Newsfile, a news dissemination and regulatory filing provider. In addition, the company operates Montreal Exchange, a national derivatives exchange; Canadian Derivatives Clearing Corporation, a clearinghouse for options and futures contracts; BOX, a US equity operations market; and various over-the-counter products and fixed income repurchase agreements. Further, it engages in the trading operations of Toronto Stock Exchange, TSX Venture Exchange, and Alpha Exchange; CDS Clearing, an automated facility for the clearing and settlement of equities and fixed income transactions, and custody of securities; and provision of fixed income inter-dealer brokerage services, as well as involved in trading operation of AlphaX U.S., a broker-dealer. The company was formerly known as Maple Group Acquisition Corporation and changed its name to TMX Group Limited in August 2012. TMX Group Limited was incorporated in 2011 and is headquartered in Toronto, Canada.

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