TMX GroupTMXXF +1.20%84 Days Payable is 86.64 as of Mar. 2026, which is 48% above its 10-year median of 58.58. GuruFocus rates TMXXF with a GF Score™ of 84/100 and a GF Value™ of $40.01 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 541 Capital Markets companies, TMX Group ranks better than 53.05% on this metric.
TMX Group's average Accounts Payable for the
three
months ended in Mar. 2026 was $104 Mil. TMX Group's Cost of Goods Sold for the
three
months ended in Mar. 2026 was $109 Mil.
Hence, TMX Group's Days Payable for the
three
months ended in Mar. 2026 was 86.64.
The historical rank and industry rank for TMX Group's Days Payable or its related term are showing as below:
TMXXF'
s Days Payable Range Over the Past 10 Years
Min: 40.32 Med: 58.58 Max: 110.99
Current: 110.99
During the past 13 years, TMX Group's highest Days Payable was 110.99. The lowest was 40.32. And the median was 58.58.
TMXXF's Days Payable is ranked better than 53.05% of 541
companies
in the Capital Markets industry
Industry Median: 91.67
vs TMXXF: 110.99
TMX Group's Days Payable
increased
from Mar. 2025 (77.18) to Mar. 2026 (86.64).
It may suggest that TMX Groupdelayed paying its suppliers.
TMX Group Days Payable Related Terms
TMX Group Days Payable Historical Data
* Premium members only.
The historical data trend for TMX Group's Days 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.
For the Financial Data & Stock Exchanges subindustry, TMX Group's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
TMX Group Days Payable vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TMX Group's Days Payable distribution charts can be found below:
* The bar in red indicates where TMX Group's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
TMX Group's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (TMXXF) has a Days Payable of 86.64 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on TMX Group and its competitors. This is 48% above median its historical median of 58.58. Over the past decade, TMX Group's Days Payable has ranged from 40.32 to 110.99. According to the industry distribution chart, TMX Group ranks #254 out of 541 companies in the Capital Markets industry, placing it in the top 47%.
Is TMX Group's Days Payable too high?
TMX Group's current Days Payable of 86.64 is 48% above median its 10-year median of 58.58. Over the past 10 years, this metric has ranged from a low of 40.32 to a high of 110.99. The Capital Markets industry median Days Payable is 91.67. TMX Group's value of 86.64 is 5.5% below this industry median. Based on the distribution chart, TMX Group ranks #254 out of 541 companies in the Capital Markets industry, which is above the industry midpoint. Overall, TMX Group has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TMX Group's Days Payable compare to SPGI and CME?
According to the Capital Markets industry distribution chart, TMX Group ranks #254 out of 541 companies for Days Payable. This puts TMX Group in the upper half of its industry. The industry median Days Payable is 91.67. TMX Group's value of 86.64 is 5.5% below this benchmark. Historically, TMX Group's own Days Payable has ranged from 40.32 to 110.99 over the past decade. While the company's 10-year median is 58.58 vs. the industry median of 91.67, TMX Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Capital Markets company?
The median Days Payable among Capital Markets companies is 91.67, based on 541 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TMX Group's current Days Payable of 86.64 is 5.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on TMX Group and its competitors. For the Capital Markets industry, the median Days Payable is 91.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TMX Group's current Days Payable is 86.64, which is 48% above median its own 10-year median of 58.58. 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 (TMXXF) is currently considered Modestly Undervalued. The stock's GF Value™ is $40.01, compared to a current price of $32.96 — trading 17.6% below its estimated fair value. The current Days Payable is 86.64, which is 48% above median its 10-year median of 58.58 and 5.5% below the Capital Markets industry median of 91.67. TMX Group's overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For TMX Group (TMXXF), the current Days Payable is 86.64 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 (TMXXF) Overvalued in 2026?
Based on GuruFocus' analysis, TMX Group stock appears to be undervalued.
The current stock price of $32.96 is trading 17.6% below its estimated GF Value™ of $40.01.
GuruFocus considers TMX Group to be Modestly Undervalued.
Key valuation signals for TMXXF:
Days Payable: 86.64 (48% above median its 10-year median of 58.58)
GF Value™: $40.01 vs. price of $32.96 (17.6% below fair value)
Industry Position: 5.5% below the Capital Markets median (#254 of 541)
No single metric tells the full story. See the TMXXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
84GF Score
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