TMX Group Full Year 2024 Earnings: Beats Expectations

TMX Group (TSE:X) Full Year 2024 Results

Key Financial Results

• Revenue: CA$1.46b (up 22% from FY 2023).
• Net income: CA$481.5m (up 35% from FY 2023).
• Profit margin: 33% (up from 30% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CA$1.74 (up from CA$1.28 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

TMX Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 20%.

The primary driver behind last 12 months revenue was the Global Solutions, Insights and Analytics segment contributing a total revenue of CA$604.9m (41% of total revenue). The largest operating expense was General & Administrative costs, amounting to CA$533.5m (62% of total expenses). Explore how X's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.2% decline forecast for the Capital Markets industry in Canada.

Performance of the Canadian Capital Markets industry.

The company's shares are up 11% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on TMX Group's balance sheet health.

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