Mexico · Delayed Price · Currency is MXN Bolsa Mexicana de Valores Earnings Call Transcripts
Fiscal Year 2026
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Strong Q2 2026 results featured 8% revenue growth, robust trading activity, and margin expansion despite FX headwinds. Strategic investments in digital transformation and new product launches are expected to drive further growth, with high single-digit revenue increases anticipated.
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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 saw 4% revenue growth and stable EBITDA margins, with net income down 4% due to lower financial income. Major technology investments and the Bond CCP launch are set to drive future growth, though margins may compress in 2026 before recovering in 2027.
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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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Strong Q1 2025 results with 17% growth in revenue, EBITDA, and net income, driven by robust performance across all segments and favorable FX. Key initiatives include new CCP services, technology upgrades, and a focus on retail and product innovation.
Fiscal Year 2024
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Q4 and full-year results showed double-digit growth in revenue, EBITDA, and net income, with record highs for the year. Strong performance was driven by higher trading volumes, derivatives market changes, and robust post-trade services, while new regulatory reforms and product launches are expected to support future growth.
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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 EBITDA 7% year-over-year, with net income up 8%. Growth was driven by higher trading activity, strong performance in transactional businesses, and increased assets under custody. Management is optimistic for H2 2024, focusing on innovation and technology upgrades.