TMX Group Limited

TSX:X Stock Report

Market Cap: CA$12.4b

TMX Group Management

Management criteria checks 3/4

TMX Group's CEO is John McKenzie, appointed in Jan 2020, has a tenure of 4.42 years. total yearly compensation is CA$4.23M, comprised of 18.9% salary and 81.1% bonuses, including company stock and options. directly owns 0.045% of the company’s shares, worth CA$5.54M. The average tenure of the management team and the board of directors is 4.7 years and 5.4 years respectively.

Key information

John McKenzie

Chief executive officer

CA$4.2m

Total compensation

CEO salary percentage18.9%
CEO tenure5yrs
CEO ownership0.04%
Management average tenure4.7yrs
Board average tenure5.4yrs

Recent management updates

Recent updates

Here's Why We Think TMX Group (TSE:X) Might Deserve Your Attention Today

Sep 29
Here's Why We Think TMX Group (TSE:X) Might Deserve Your Attention Today

Subdued Growth No Barrier To TMX Group Limited's (TSE:X) Price

Aug 31
Subdued Growth No Barrier To TMX Group Limited's (TSE:X) Price

Here's Why TMX Group (TSE:X) Has Caught The Eye Of Investors

Jun 07
Here's Why TMX Group (TSE:X) Has Caught The Eye Of Investors

TMX Group Limited's (TSE:X) P/E Is On The Mark

Apr 18
TMX Group Limited's (TSE:X) P/E Is On The Mark

CEO Compensation Analysis

How has John McKenzie's remuneration changed compared to TMX Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$407m

Jun 30 2024n/an/a

CA$409m

Mar 31 2024n/an/a

CA$407m

Dec 31 2023CA$4mCA$800k

CA$356m

Sep 30 2023n/an/a

CA$374m

Jun 30 2023n/an/a

CA$370m

Mar 31 2023n/an/a

CA$364m

Dec 31 2022CA$3mCA$750k

CA$543m

Sep 30 2022n/an/a

CA$528m

Jun 30 2022n/an/a

CA$524m

Mar 31 2022n/an/a

CA$510m

Dec 31 2021CA$5mCA$750k

CA$339m

Sep 30 2021n/an/a

CA$322m

Jun 30 2021n/an/a

CA$316m

Mar 31 2021n/an/a

CA$306m

Dec 31 2020CA$4mCA$541k

CA$280m

Sep 30 2020n/an/a

CA$255m

Jun 30 2020n/an/a

CA$247m

Mar 31 2020n/an/a

CA$257m

Dec 31 2019n/an/a

CA$248m

Sep 30 2019n/an/a

CA$270m

Jun 30 2019n/an/a

CA$266m

Mar 31 2019n/an/a

CA$284m

Dec 31 2018CA$2mCA$385k

CA$286m

Compensation vs Market: John's total compensation ($USD2.93M) is about average for companies of similar size in the Canadian market ($USD4.13M).

Compensation vs Earnings: John's compensation has increased by more than 20% in the past year.

CEO

John McKenzie (51 yo)

5yrs

Tenure

CA$4,234,364

Compensation

Mr. John D. McKenzie, B.B.A., C.M.A., C.P.A. & M.B.A., has been Chief Executive Officer at TMX Group Limited since August 17, 2020 and has been its Director since August 17, 2020. Mr. McKenzie served as In...

Leadership Team

NamePositionTenureCompensationOwnership
John McKenzie
CEO & Director5yrsCA$4.23m0.045%
CA$ 5.5m
David Arnold
Chief Financial Officer3.6yrsCA$1.44m0.0015%
CA$ 190.4k
Jayakumar Rajarathinam
Chief Operating Officer6.6yrsCA$2.47m0.0042%
CA$ 518.0k
Luc Fortin
President7yrsCA$1.84m0.0058%
CA$ 712.1k
Peter Conroy
Chief Executive Officer of Trayport2.9yrsCA$1.43m0.0016%
CA$ 197.8k
Amin Mousavian
Vice President of Investor Relationsno datano datano data
Cheryl Graden
Chief Legal & Enterprise Corporate Affairs Officer and Corporate Secretary9.8yrsCA$1.30m0.0013%
CA$ 159.5k
Shane Quinn
Head of Communications & Public Affairsno datano datano data
Cindy Bush
Chief Human Resources Officer4.1yrsno data0.00078%
CA$ 96.4k
Loui Anastasopoulos
CEO of Toronto Stock Exchange & Global Head of Capital Formation4.4yrsno datano data
Nina Bai
Senior Manager of Investor Relationsno datano datano data

4.7yrs

Average Tenure

Experienced Management: X's management team is considered experienced (4.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
John McKenzie
CEO & Director4.4yrsCA$4.23m0.045%
CA$ 5.5m
Monique Mercier
Corporate Independent Director2.7yrsCA$228.33kno data
Mohammad Kermani
Independent Director4.3yrsCA$221.67kno data
William Linton
Independent Corporate Director12.5yrsCA$335.83kno data
Audrey Mascarenhas
Independent Director3.7yrsCA$215.00kno data
Ava Yaskiel
Independent Corporate Director2.7yrsCA$190.00kno data
Luc Bertrand
Independent Chairman of the Board13.7yrsCA$403.00k1.08%
CA$ 133.5m
Martine Irman
Corporate Independent Director10.2yrsCA$240.00kno data
Nicolas Darveau-Garneau
Independent Director6.3yrsCA$210.00kno data
Claude Tessier
Independent Director4.3yrsCA$231.67k0.0022%
CA$ 267.0k
Eric Wetlaufer
Corporate Independent Director12.5yrsCA$225.00kno data
David Wood
Chairman of the Canadian Depository for Securities Limited15yrsno datano data

5.4yrs

Average Tenure

60yo

Average Age

Experienced Board: X's board of directors are considered experienced (5.4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 04:39
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

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