TMX Group Records $252.0 million of Revenue for Q1 2021

TMX Group has issued financial results for the first quarter 2021, seeing an increase of 14% in revenue from $220.3 million in Q1 2020 to $252.0 million.

TMX Group posted an increase of 18% in revenues from equities and fixed income trading and clearing during the last quarter. Revenues from capital formation stood at $61.1 million, up from $40.1 million in Q1 of 2020.

According to the announcement, TMX Group’s net income surged by 38 to $96.4 million, compared to $70.1 million for the same period in 2020. The company increased the quarterly dividend to 77 cents per common share. Diluted earnings per share reached $1.70 in Q1 of 2021, which is an increase of 37% compared to the same period in 2020. The operating expenses reached $119.3 million, up nearly 9% from approximately $109 million in the first quarter of 2020.

Commenting on the financial results in the first quarter of 2021, John McKenzie, Chief Executive Officer of TMX Group, said: ““TMX’s strong performance in the first quarter reflects significant contributions from across our business and robust capital markets activity, including a 122% increase in financing dollars raised by Toronto Stock Exchange and TSX Venture Exchange issuers, and record overall equities trading volumes, up 50% from the first quarter of last year. In collaboration with our clients and stakeholders, we continued to build on TMX's history of innovation during the quarter, with the launch of the world's first publicly-listed Bitcoin and Ether ETFs."

Fazzaco earlier reported that TMX Group announced equity financing statistics for April 2021​. TMX Group welcomed 18 new issuers in April 2021.