TMX Group management commentary cites higher net finance costs as Q3 2026 net income falls 12%
Bitget2026/10/29 23:14- TMX Group management commentary attributed third-quarter 2026 net income’s 12% decline to CAD 105.8 million primarily to higher finance costs.
- Foreign-exchange forwards generated a CAD 12.6 million fair-value loss, versus a CAD 18.6 million gain on intercompany loans a year earlier.
- Revenue rose 17% to CAD 491.1 million, led by Global Insights growth; excluding recent acquisitions, revenue increased 11%.
- Operating expenses climbed 35% to CAD 305.7 million, reflecting acquisitions, transaction-related costs, higher BOX pass-through charges and increased staffing costs.
- Adjusted net income increased 20% to CAD 175.3 million, driven by higher operating income excluding adjusted items.
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