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TMX Group LimitedTSX:X Stock Report

Market Cap CA$14.2b
Share Price
CA$51.15
My Fair Value
n/a
1Y16.7%
7D-2.2%
Portfolio Value
View

TMX Group Limited

TSX:X Stock Report

Market Cap: CA$14.2b

TMX Group (X) Stock Overview

Operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. More details

X fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance4/6
Financial Health5/6
Dividends4/6

X Community Fair Values

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CA$49.9
FV
2.5% overvalued intrinsic discount
7.00%
Revenue growth p.a.
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21users have followed this narrative

TMX Group Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for TMX Group
Historical stock prices
Current Share PriceCA$51.15
52 Week HighCA$57.98
52 Week LowCA$42.47
Beta0.16
1 Month Change1.19%
3 Month Change-6.95%
1 Year Change16.67%
3 Year Change85.58%
5 Year Change102.45%
Change since IPO422.90%

Recent News & Updates

Weekly Picks: 🤝 Alphabet's Anthropic Deal And 2 More Picks

Oct 30
Weekly Picks: 🤝 Alphabet's Anthropic Deal And 2 More Picks

Recent updates

Weekly Picks: 🤝 Alphabet's Anthropic Deal And 2 More Picks

Oct 30
Weekly Picks: 🤝 Alphabet's Anthropic Deal And 2 More Picks

TMX Group will thrive with 33.3% profit margin and enduring market moat

(Updated October 2025) 1. Business Summary TMX Group is the backbone of Canada’s financial markets.

TMX Group's (TSE:X) Dividend Will Be Increased To CA$0.22

Aug 04
TMX Group's (TSE:X) Dividend Will Be Increased To CA$0.22

TMX Group Limited's (TSE:X) Price Is Out Of Tune With Earnings

Jun 14
TMX Group Limited's (TSE:X) Price Is Out Of Tune With Earnings

TMX Group's (TSE:X) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 08
TMX Group's (TSE:X) Shareholders Will Receive A Bigger Dividend Than Last Year

Unpleasant Surprises Could Be In Store For TMX Group Limited's (TSE:X) Shares

Jan 15
Unpleasant Surprises Could Be In Store For TMX Group Limited's (TSE:X) Shares
User avatar

Calculated Acquisitions And Innovations Set The Stage For Thriving Global Solutions Growth

TMX Group's strategic acquisitions and partnerships are set to enhance capabilities and product offerings, driving future revenue growth in various markets.

Shareholder Returns

XCA Capital MarketsCA Market
7D-2.2%-0.3%-0.7%
1Y16.7%5.9%16.8%

Return vs Industry: X exceeded the Canadian Capital Markets industry which returned 5.9% over the past year.

Return vs Market: X matched the Canadian Market which returned 16.8% over the past year.

Price Volatility

Is X's price volatile compared to industry and market?
X volatility
X Average Weekly Movement3.2%
Capital Markets Industry Average Movement4.9%
Market Average Movement10.0%
10% most volatile stocks in CA Market19.4%
10% least volatile stocks in CA Market3.2%

Stable Share Price: X has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: X's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20112,084John McKenziewww.tmx.com

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 Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing. The Global Solutions, Insights & Analytics segment 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.

TMX Group Limited Fundamentals Summary

How do TMX Group's earnings and revenue compare to its market cap?
X fundamental statistics
Market capCA$14.23b
Earnings (TTM)CA$459.80m
Revenue (TTM)CA$1.65b
30.9x
P/E Ratio
8.6x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
X income statement (TTM)
RevenueCA$1.65b
Cost of RevenueCA$125.20m
Gross ProfitCA$1.53b
Other ExpensesCA$1.07b
EarningsCA$459.80m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)1.65
Gross Margin92.42%
Net Profit Margin27.82%
Debt/Equity Ratio42.2%

How did X perform over the long term?

See historical performance and comparison

Dividends

1.7%
Current Dividend Yield
49%
Payout Ratio

Does X pay a reliable dividends?

See X dividend history and benchmarks
When do you need to buy X by to receive an upcoming dividend?
TMX Group dividend dates
Ex Dividend DateNov 14 2025
Dividend Pay DateNov 28 2025
Days until Ex dividend9 days
Days until Dividend pay date5 days

Does X pay a reliable dividends?

See X dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/23 02:06
End of Day Share Price 2025/11/21 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TMX Group Limited is covered by 16 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jeremy CampbellBarclays
Benjamin BudishBarclays
Etienne RicardBMO Capital Markets Equity Research