Mexico · Delayed Price · Currency is MXN Bolsa Mexicana de Valores Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 delivered strong operating and financial results, with revenues up 7% and EBITDA up 6% year-over-year, driven by market volatility and robust financing activity. Strategic tech investments and new platform launches are on track, while margins may slightly decrease as expenses rise.
Fiscal Year 2025
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Q4 2025 saw flat revenues and higher expenses due to strategic investments, with full-year margins remaining strong despite a 2% net income decline. Major technology and infrastructure upgrades are underway, with most new revenue streams expected from 2027 onward.
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Q3 2025 revenues grew 4% year-over-year to MXN 1.1 billion, with EBITDA up 2% and a 57% margin. Major technology investments and the Bond CCP launch are set to drive future growth, though higher CapEx will continue into 2026. Net income declined 4% due to lower financial income.
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Double-digit growth in revenue, EBITDA, and net income was reported, with strong performance across all business lines and a robust pipeline of IPOs. Major technology and post-trade transformation projects are underway, and the bond CCP is expected to launch by year-end.
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Q1 2025 saw robust 17% year-over-year growth in revenue, EBITDA, and net income, driven by strong performance across all business lines and favorable FX. Strategic initiatives include new CCP services, technology upgrades, and retail-focused product launches, with stable market share and ongoing capital returns.
Fiscal Year 2024
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Q4 saw double-digit growth in revenue, EBITDA, and net income, with record full-year results driven by higher trading volumes and non-recurring derivatives effects. Strategic investments in technology and regulatory reforms are expected to support continued growth and new listings.
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Q3 2024 saw double-digit revenue and profit growth, driven by higher trading and post-trade activity, but upcoming fee reductions in response to competition are expected to pressure 2025 revenues. Technology upgrades and regulatory reforms are underway, with strong issuer interest in new listing rules.
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Q2 2024 saw revenue rise 6% and net income grow 8% year-over-year, driven by strong trading activity and cost control. The company is advancing technology upgrades, expanding its customer base, and expects a more dynamic market in H2 2024.