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TMX Group LimitedTSX:X Stock Report

Market Cap CA$14.5b
Share Price
CA$51.82
My Fair Value
CA$61.79
16.1% undervalued intrinsic discount
1Y21.2%
7D-2.7%
Portfolio Value
View

TMX Group Limited

TSX:X Stock Report

Market Cap: CA$14.5b

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
Valuation1/6
Future Growth3/6
Past Performance3/6
Financial Health5/6
Dividends4/6

X Community Fair Values

Create Narrative

See what 24 others think this stock is worth. Follow their fair value or set your own to get alerts.

TMX Group Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for TMX Group
Historical stock prices
Current Share PriceCA$51.82
52 Week HighCA$57.98
52 Week LowCA$42.13
Beta0.14
1 Month Change-4.57%
3 Month Change-6.07%
1 Year Change21.24%
3 Year Change105.15%
5 Year Change89.12%
Change since IPO429.75%

Recent News & Updates

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

Recent updates

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
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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-2.7%0.5%0.9%
1Y21.2%29.9%22.5%

Return vs Industry: X underperformed the Canadian Capital Markets industry which returned 30.2% over the past year.

Return vs Market: X underperformed the Canadian Market which returned 22.5% over the past year.

Price Volatility

Is X's price volatile compared to industry and market?
X volatility
X Average Weekly Movement2.7%
Capital Markets Industry Average Movement5.5%
Market Average Movement9.3%
10% most volatile stocks in CA Market19.8%
10% least volatile stocks in CA Market2.9%

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
20112,090John 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$14.52b
Earnings (TTM)CA$422.00m
Revenue (TTM)CA$1.59b
34.2x
P/E Ratio
9.1x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
X income statement (TTM)
RevenueCA$1.59b
Cost of RevenueCA$121.40m
Gross ProfitCA$1.47b
Other ExpensesCA$1.04b
EarningsCA$422.00m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Oct 27, 2025

Earnings per share (EPS)1.52
Gross Margin92.35%
Net Profit Margin26.58%
Debt/Equity Ratio41.2%

How did X perform over the long term?

See historical performance and comparison

Dividends

1.7%
Current Dividend Yield
51%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/07 05:58
End of Day Share Price 2025/10/07 00:00
Earnings2025/06/30
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 17 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
null nullBMO Capital Markets Equity Research