TMX GroupTMXXF -2.28%90 Net Margin % is 46.01% as of Mar. 2026, which is 41% above its 10-year median of 32.66. GuruFocus rates TMXXF with a GF Score™ of 90/100 and a GF Value™ of $40.94 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 774 Capital Markets companies, TMX Group ranks better than 68.6% on this metric.
Net margin is calculated as Net Income divided by its Revenue. TMX Group's Net Income for the
three
months ended in Mar. 2026 was $164 Mil. TMX Group's Revenue for the
three
months ended in Mar. 2026 was $356 Mil. Therefore, TMX Group's net margin for the quarter that ended in Mar. 2026 was 46.01%.
The historical rank and industry rank for TMX Group's Net Margin % or its related term are showing as below:
TMXXF'
s Net Margin % Range Over the Past 10 Years
Min: 24.21 Med: 32.66 Max: 55.02
Current: 29.92
TMXXF's Net Margin % is ranked better than 68.6% of 774
companies
in the Capital Markets industry
Industry Median: 14.305
vs TMXXF: 29.92
TMX Group (OTCPK:TMXXF) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
TMX Group Net Margin % Related Terms
TMX Group Net Margin % Historical Data
* Premium members only.
The historical data trend for TMX Group's Net Margin % 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 Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TMX Group's Net Margin % distribution charts can be found below:
* The bar in red indicates where TMX Group's Net Margin % falls into.
* 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 Net Margin % of 46.01% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on TMX Group and its competitors. This is 41% above median its historical median of 32.66. Over the past decade, TMX Group's Net Margin % has ranged from 24.21 to 55.02. According to the industry distribution chart, TMX Group ranks #243 out of 774 companies in the Capital Markets industry, placing it in the top 31.4%.
Is TMX Group's Net Margin % too high?
TMX Group's current Net Margin % of 46.01% is 41% above median its 10-year median of 32.66. Over the past 10 years, this metric has ranged from a low of 24.21 to a high of 55.02. The Capital Markets industry median Net Margin % is 14.31. TMX Group's value of 46.01% is 221.6% above this industry median. Based on the distribution chart, TMX Group ranks #243 out of 774 companies in the Capital Markets industry, which is above the industry midpoint. Overall, TMX Group has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TMX Group's Net Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, TMX Group ranks #243 out of 774 companies for Net Margin %. This puts TMX Group in the upper half of its industry. The industry median Net Margin % is 14.31. TMX Group's value of 46.01% is 221.6% above this benchmark. Historically, TMX Group's own Net Margin % has ranged from 24.21 to 55.02 over the past decade. While the company's 10-year median is 32.66 vs. the industry median of 14.31, TMX Group has consistently been above 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 Net Margin % for a Capital Markets company?
The median Net Margin % among Capital Markets companies is 14.31, based on 774 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TMX Group's current Net Margin % of 46.01% is 221.6% above 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on TMX Group and its competitors. For the Capital Markets industry, the median Net Margin % is 14.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TMX Group's current Net Margin % is 46.01%, which is 41% above median its own 10-year median of 32.66. 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 $40.94, compared to a current price of $32.15 — trading 21.5% below its estimated fair value. The current Net Margin % is 46.01%, which is 41% above median its 10-year median of 32.66 and 221.6% above the Capital Markets industry median of 14.31. TMX Group's overall GF Score™ is 90/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For TMX Group (TMXXF), the current Net Margin % is 46.01% 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 $32.15 is trading 21.5% below its estimated GF Value™ of $40.94.
GuruFocus considers TMX Group to be Modestly Undervalued.
Key valuation signals for TMXXF:
Net Margin %: 46.01% (41% above median its 10-year median of 32.66)
GF Value™: $40.94 vs. price of $32.15 (21.5% below fair value)
Industry Position: 221.6% above the Capital Markets median (#243 of 774)
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.
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