TMX Group Reports 11% YoY Jump in Revenues during Q3 2021

TMX Group Limited, a Canadian financial services company that operates equities, fixed income, derivatives, and energy markets exchanges, has released its trading volumes for the third quarter ended  September 30, 2021.

According to the official figures, the revenue on the platform for the period came in at $231.3 million, showing an increase of 11 percent on a year-over-year basis. The revenue was $207.6 million in Q3 of 2020.

TMX Group' net income reached $76.9 million, which is 10 percent higher compared to the same period in 2020. In addition, the exchange operator saw its adjusted net income increased by 11 percent from $80 million in Q3 2020 to $88.7 million in Q3 2021.

Furthermore, the diluted earnings per share increased 11% from $1.23 in Q3 2020 to $1.36 in this quarter. And the adjusted diluted earnings per share reached $1.57, up 12% over $1.4 in Q3 2020.

"We are extremely pleased with TMX’s strong performance in the quarter,"John McKenzie, Chief Executive Officer of TMX Group commented."Always focused on the future, TMX's people continue to work in close collaboration with our industry stakeholders in pursuit of innovative, adaptive and responsive ways to meet the evolving needs of the marketplace and ultimately, to generate long-term growth."

Earlier this year, TMX Group announced that it has completed the acquisition of AST Investor Services Inc. (Canada) and its subsidiary AST Trust Company (Canada).