Business
TMX Group Limited Reports Results for First Quarter of 2025
Revenue of $419.1 million, up 21% from $345.9 million in Q1/24 Diluted earnings per share of $...
About this update from Tmx Group Ltd.
[{"type":"text","content":"TMX Group Limited Reports Results for First Quarter of 2025Revenue of $419.1 million, up 21% from $345.9 million in Q1/24Diluted earnings per share of $0.38, down 24% from $0.50 in Q1/24, which included a $0.21 gain per share related to the acquisition of control of VettaFi in Q1/24Adjusted diluted earnings per share[1] of $0.48, up 26% from $0.38 in Q1/24Toronto, Ontario--(Newsfile Corp. - May 5, 2025) - TMX Group Limited (TSX: X) (\"TMX Group\") announced results for the first quarter ended March 31, 2025.Commenting on the first quarter of 2025, John McKenzie, Chief Executive Officer of TMX Group, said:\"We are pleased to report another excellent quarter for TMX, with strong year-over-year growth in revenue and adjusted earnings per share, reflecting the power of our balanced business model and the value of a consistent, long-term growth strategy. While many of our clients and stakeholders face significant near-term challenges, including economic uncertainty and market turbulence, TMX's primary focus and responsibility is to serve our markets with excellence here in Canada, and around the world. The first quarter marked important progress in key enterprise initiatives, including the successful implementation of major upgrades to CDS's foundational clearing technology, designed to boost Canada's ability to compete for global investment flows. As we move forward, TMX is committed to building our ecosystem ever stronger and to positioning our company for enduring success.\" Commenting on the company's performance in the first quarter of 2025, David Arnold, Chief Financial Officer of TMX Group, said:\"TMX results for the quarter featured record revenue on both a reported and organic basis, and a 26% year-over-year increase in adjusted earnings per share. A strong start to the year was driven by outstanding performances from across our diverse enterprise, including traditional markets and recent expansion initiatives, with significant growth in revenue from both transactional and recurring sources. Importantly, we also continued to make significant progress on our deleveraging plan, which led to Morningstar DBRS reestablishing our credit ratings' trends to stable in March. Looking to the future, we remain in pursuit of opportunities to accelerate growth, strengthen TMX's global value proposition, and deliver value to our shareholde...