08:41 AM EDT, 10/28/2025 (MT Newswires) -- TMX Group ( TMXXF ) , operator of the Toronto Stock Exchange, overnight Monday reported better than expected adjusted diluted earnings in the third quarter on higher than forecast and more diversified revenues.

The company reported adjusted net income attributable to equity holders of TMX Group ( TMXXF ) of C$146.3 million in the third quarter, up from $115 million in the corresponding year-ago quarter, which it attributed to an increase in income from operations.

It posted adjusted diluted earnings per share attributable to equity holders of TMX Group ( TMXXF ) of $0.52 per share in the third quarter, beating consensus estimates compiled by FactSet of $0.49 per share. TMX said the increase in adjusted diluted earnings per share reflects an increase in income from operations, partially offset by higher share count.

The company's third-quarter net income attributable to equity holders of TMX Group ( TMXXF ) was reported at $120.5 million or $0.43 per share, up from $82.7 million or $0.30 per share on a basic and diluted basis in the corresponding year-ago quarter on higher income from operations, driven by an increase in revenue, partially offset by an increase in operating expenses.

The company's third-quarter revenue was reported at $418.6 million, up 18% from $353.8 million in the year-ago quarter, beating consensus estimates compiled by FactSet of $409 million.

The company stated that the increase in revenue was "largely attributable to a 27% increase in revenue from Derivatives Trading and Clearing driven by strong volumes, a 35% increase in TMX VettaFi, a 16% increase in TMX Trayport, a 12% increase in TMX Datalinx, an 18% revenue increase in Equities and Fixed Income Trading, and a positive contribution from all other business lines."

"Overall revenue growth was driven by year-over-year gains in traditional markets and areas of recent expansion, as well as from transaction-based and subscription-based sources," said TMX Group ( TMXXF ) Chief Executive Officer, John McKenzie. "Fueled by our purpose to make markets better and empower bold ideas, we are working to create competitive advantages for clients around the world and further strengthen our value proposition for years to come."

The company also declared a dividend of $0.22 on each common share outstanding, unchanged from the dividend announced in July. It is payable on Nov. 28, 2025 to shareholders of record at the close of business on Nov. 14, 2025.