TMX Group Second Quarter 2025 Earnings: EPS Misses Expectations

TMX Group (TSE:X) Second Quarter 2025 Results

Key Financial Results

• Revenue: CA$421.7m (up 15% from 2Q 2024).
• Net income: CA$74.1m (down 26% from 2Q 2024).
• Profit margin: 18% (down from 27% in 2Q 2024). The decrease in margin was driven by higher expenses.
• EPS: CA$0.27 (down from CA$0.36 in 2Q 2024).

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

TMX Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 43%.

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 30% decline forecast for the Capital Markets industry in Canada.

Performance of the Canadian Capital Markets industry.

The company's share price is broadly unchanged 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. We've done some analysis and you can see our take on TMX Group's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.