--- title: "TMX Group Posts Strong Q2 Report, Announces Strategic Combination Of MEMX And BOX" type: "News" locale: "en" url: "https://longbridge.com/en/news/294529552.md" description: "TMX Group reported strong Q2 results with net income rising to $142.6 million, driven by 16% revenue growth. Concurrently, TMX announced a strategic combination of MEMX and BOX, investing approximately $800 million to acquire a ~59% stake in the new entity. The combined business will operate independently, with the transaction expected to close in the second half of 2027." datetime: "2026-07-31T14:50:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294529552.md) - [en](https://longbridge.com/en/news/294529552.md) - [zh-HK](https://longbridge.com/zh-HK/news/294529552.md) generator: "portal-rs" --- # TMX Group Posts Strong Q2 Report, Announces Strategic Combination Of MEMX And BOX Add as your preferred news source on Google Add Now TMX Group Limited (X.TO) announced financial results for the second quarter, reporting an increase in net income, mainly due to strong revenue growth and higher income from operations. Net income attributable to equity holders of the company was $142.6 million, or $0.51 per share, compared to $74.1 million, or $0.26 per share, in the prior year. On an adjusted basis, net income attributable to equity holders of the company stood at $173.0 million, or $0.62 per share, compared to $146.4 million, or $0.52 per share, in the previous year. Income from operations rose 18 percent, to $227.1 million from $192.1 million last year. Revenue for the quarter ended June 30, 2026, totaled $487.5 million, up 16 percent from $421.7 million in the earlier year. In a separate press release, the company also announced an agreement with MEMX, an exchange operator and market technology provider. Under this, TMX will make a strategic investment in MEMX. Concurrently, BOX, a US equity options market with both electronic and floor-based trading, will be combined with MEMX, and TMX will own an approximately 59% stake in the combined entity. The new entity, which will be led by MEMX CEO Jonathan Kellner, will be funded by an equity investment from TMX Group of approximately $800 million, a rollover of TMX's existing equity interest in BOX, committed rollovers from a group of MEMX and BOX investors, comprised of key market participants, and an investment from a new financial partner. The combined business will continue to operate independently after the transaction is completed, which is expected in the second half of 2027. Currently, TMX is trading at C$52.24, up 1.01 percent on the Toronto Exchange. For comments and feedback contact: editorial@rttnews.com Business News ### Related Stocks - [BOX.US](https://longbridge.com/en/quote/BOX.US.md) ## Related News & Research - [Box (BOX) Stock Trades Rich On Earnings But Reasonable On Cash Flow](https://longbridge.com/en/news/296658996.md) - [TMX to invest about USD 800 million in MEMX, combine BOX into USD 2.3 billion MEMX Group](https://longbridge.com/en/news/294423962.md) - [BioSyent GAAP EPS of C$0.25, revenue of C$19.87M](https://longbridge.com/en/news/296538491.md) - [Evolve Future Leadership Fund - ETF Hedged declares CAD 0.21 dividend](https://longbridge.com/en/news/296299467.md) - [Insider Selling: Alvopetro Energy (CVE:ALV) Director Sells 10,200 Shares](https://longbridge.com/en/news/296081468.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**