TMX Group (TSX:X) Accounts Payable: C$186 Mil (As of Mar. 2026)


TSX:X TMX Group Ltd TSX:X
94 GF Score
Price C$48.40
GF Value C$57.18
Valuation Modestly Undervalued
! 5 Warning Signs
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What is TMX Group Accounts Payable?

TMX Group TSX:X +1.09% 94 Accounts Payable is C$186 Mil as of Mar. 2026. GuruFocus rates TSX:X with a GF Score™ of 94/100 and a GF Value™ of C$57.18 (Modestly Undervalued). The stock has 5 warning signs investors should review.

TMX Group's Accounts Payable for the quarter that ended in Mar. 2026 was C$186 Mil.

TMX Group's quarterly Accounts Payable declined from Sep. 2025 (C$222 Mil) to Dec. 2025 (C$98 Mil) but then increased from Dec. 2025 (C$98 Mil) to Mar. 2026 (C$186 Mil).

TMX Group's annual Accounts Payable increased from Dec. 2023 (C$79 Mil) to Dec. 2024 (C$81 Mil) and increased from Dec. 2024 (C$81 Mil) to Dec. 2025 (C$98 Mil).

TMX Group Accounts Payable Historical Data

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The historical data trend for TMX Group's Accounts Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TMX Group Accounts Payable Chart

TMX Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.20 67.10 79.00 80.50 98.40

TMX Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Accounts Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 172.80 220.00 221.90 98.40 186.40
TSX:X
94GF Score
TMX Group Ltd TSX:X
Accounts Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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TMX Group Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Frequently Asked Questions Learn more about Accounts Payable →
What does a Accounts Payable of C$186 Mil mean?
TMX Group (TSX:X) has a Accounts Payable of C$186 Mil as of Mar. 2026. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on TMX Group and its competitors.
Is TMX Group's Accounts Payable too high?
TMX Group's current Accounts Payable is C$186 Mil. Overall, TMX Group has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TMX Group's Accounts Payable compare to SPGI and CME?
TMX Group's Accounts Payable of C$186 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for a Capital Markets company?
A good Accounts Payable depends on the Capital Markets industry context. However, Accounts Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on TMX Group and its competitors. TMX Group's current Accounts Payable is C$186 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TMX Group stock overvalued right now?
Based on GuruFocus' analysis, TMX Group (TSX:X) is currently considered Modestly Undervalued. The stock's GF Value™ is C$57.18, compared to a current price of C$48.40 — trading 15.4% below its estimated fair value. The current Accounts Payable is C$186 Mil. TMX Group's overall GF Score™ is 94/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For TMX Group (TSX:X), the current Accounts Payable is C$186 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TMX Group (TSX:X) Overvalued in 2026?

Based on GuruFocus' analysis, TMX Group stock appears to be undervalued. The current stock price of C$48.40 is trading 15.4% below its estimated GF Value™ of C$57.18. GuruFocus considers TMX Group to be Modestly Undervalued.

Key valuation signals for TSX:X:

  • Accounts Payable: C$186 Mil
  • GF Value™: C$57.18 vs. price of C$48.40 (15.4% below fair value)
  • GF Score™: 94/100 with 5 warning signs

No single metric tells the full story. See the TSX:X stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TMX Group Business Description

Other Exchanges TMXXF:USA9TX:Germany
Address 100 Adelaide Street West, Toronto, ON, CAN, M5H 1S3
TMX Group Ltd is a company that operates several markets to provide investment opportunities for its clients. The company has four operating segments: Global Solutions, Insights & Analytics, Capital Formation, Derivatives Trading & Clearing, and Equities and Fixed Income Trading & Clearing. The maximum of its revenue is from Global Solutions, Insights & Analytics, which deliver equities data, index data as well as integrated data sets to fuel high value proprietary and third party analytics, which help clients make trading and investment decisions. The company geographically operates in Canada, USA, UK, Germany, and Other Countries, with maximum revenue from Canada.
94GF Score

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Accounts Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$48.40
Price
C$57.18
GF Value