TMX Group Limited

OTCPK:TMXX.F Stock Report

Market Cap: US$11.3b

TMX Group Management

Management criteria checks 3/4

TMX Group's CEO is John McKenzie, appointed in Jan 2020, has a tenure of 6.33 years. total yearly compensation is CA$5.86M, comprised of 14.5% salary and 85.5% bonuses, including company stock and options. directly owns 0.046% of the company’s shares, worth $5.18M. The average tenure of the management team and the board of directors is 5.8 years and 5.7 years respectively.

Key information

John McKenzie

Chief executive officer

CA$5.9m

Total compensation

CEO salary percentage14.50%
CEO tenure6.3yrs
CEO ownership0.05%
Management average tenure5.8yrs
Board average tenure5.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John McKenzie's remuneration changed compared to TMX Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025CA$6mCA$850k

CA$416m

Sep 30 2025n/an/a

CA$460m

Jun 30 2025n/an/a

CA$422m

Mar 31 2025n/an/a

CA$448m

Dec 31 2024CA$5mCA$824k

CA$482m

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

Compensation vs Market: John's total compensation ($USD4.31M) is below average for companies of similar size in the US market ($USD14.57M).

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

CEO

John McKenzie (52 yo)

6.3yrs
Tenure
CA$5,862,110
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 & Director6.3yrsCA$5.86m0.046%
$ 5.2m
David Arnold
Chief Financial Officer4.9yrsCA$1.76m0.0024%
$ 269.1k
Judy Dinn
Chief Information Officer1.1yrsCA$2.78mno data
Luc Fortin
President & CEO of TMX Global Markets and Post Trade8.3yrsCA$2.16m0.0060%
$ 681.9k
Peter Conroy
Chief Executive Officer of Global Insightsno dataCA$2.39m0.0019%
$ 217.1k
Amin Mousavian
Vice President of Investor Relationsno datano datano data
Cheryl Graden
Chief Legal & Enterprise Corporate Affairs Officer and Corporate Secretary11.2yrsCA$1.30m0.0015%
$ 173.0k
Cindy Bush
Chief Human Resources Officer5.4yrsno data0.0015%
$ 166.2k
Loui Anastasopoulos
CEO of Toronto Stock Exchange & Global Head of Capital Formation5.8yrsCA$1.53mno data
5.8yrs
Average Tenure

Experienced Management: TMXX.F's management team is seasoned and experienced (5.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
John McKenzie
CEO & Director5.8yrsCA$5.86m0.046%
$ 5.2m
Monique Mercier
Corporate Independent Director4yrsCA$266.25kno data
Mohammad Kermani
Independent Director5.7yrsCA$245.00kno data
William Linton
Independent Corporate Director13.8yrsCA$372.50kno data
Michael Ptasznik
Independent Director1yrCA$200.00k0%
$ 0
Ava Yaskiel
Independent Corporate Director4yrsCA$244.17kno data
Peter Rockandel
Independent Corporate Director1.4yrsCA$225.00kno data
Luc Bertrand
Independent Chairman of the Board15yrsCA$420.00k1.08%
$ 122.5m
Martine Irman
Corporate Independent Director11.5yrsCA$255.00kno data
Nicolas Darveau-Garneau
Independent Director7.7yrsCA$240.00kno data
Claude Tessier
Independent Director5.7yrsCA$255.00k0.0022%
$ 245.4k
David Wood
Chairman of the Canadian Depository for Securities Limitedno datano datano data
5.7yrs
Average Tenure
60yo
Average Age

Experienced Board: TMXX.F's board of directors are considered experienced (5.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/02 09:56
End of Day Share Price 2026/04/30 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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 14 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
Jeffrey FenwickATB Cormark Historical (Cormark Securities)
Jeremy CampbellBarclays
Benjamin BudishBarclays