TMX Group: A Comprehensive Review of the Company

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TMX Group is a leading provider of financial markets infrastructure in Canada. The company was founded in 2001 through the merger of the Toronto Stock Exchange (TSX) and the Canadian Venture Exchange (CDNX).

TMX Group operates several exchanges, including the TSX, the TSX Venture Exchange, and the Montreal Exchange. The company also provides clearing and settlement services through its subsidiaries, TMX Clearing and CDS Inc.

TMX Group is headquartered in Toronto, Ontario, and employs over 2,000 people. The company's mission is to provide efficient and secure marketplaces for buying and selling securities.

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Financial Information

The TMX Group's financial health is a strong point. The company's Price/Earnings ttm is 32.68, indicating a relatively high valuation.

The forward-looking Price/Earnings ratio of 22.22 suggests that investors are expecting significant growth in the company's earnings. This could be a sign of a company on the rise.

The Return-on-Equity % of 9.41% indicates that the company is generating a decent return on shareholder equity, but this is relatively low compared to other companies in the industry.

Here are some key financial metrics for the TMX Group:

The company's low Debt/Equity ratio of 0.42 suggests that it is relatively debt-free and has a strong financial position.

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Annual Revenue

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The TMX Group annual revenue was $962.2 million in 2025.

You might be wondering what kind of impact this has on the company's operations. The TMX Group annual revenue was $962.2 million in 2025.

This is a significant amount of money, and it's likely that the company is able to invest in various initiatives as a result.

X.to Ratios

The X.TO Ratios section provides valuable insights into the financial health and performance of the company.

The price to earnings ratio (P/E) is a key metric that indicates how much investors are willing to pay for each dollar of earnings. The current P/E ttm (trailing twelve months) is 32.68, which suggests that investors are valuing the company's past earnings.

The forward P/E ratio is 22.22, which indicates a more optimistic view of the company's future earnings. This could be due to expected growth or other factors.

The profit margin percentage is 32.98%, which is a healthy indicator of the company's ability to maintain its pricing power and control costs.

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Credit: youtube.com, FINANCIAL RATIOS: How to Analyze Financial Statements

Here's a summary of the key ratios:

The return on equity (ROE) percentage is 9.41%, which indicates how efficiently the company is using its equity to generate profits. This is a relatively high percentage, suggesting that the company is effectively utilizing its resources.

The debt to equity ratio is 0.42, which is a relatively low value. This indicates that the company has a manageable level of debt and is not overly leveraged.

Management and Leadership

The TSX Group has had its fair share of leadership changes over the years. Barbara Stymiest resigned as CEO in September 2004 to join RBC Financial Group as COO.

Richard Nesbitt took over as CEO in December 2004, bringing his experience as president and CEO of HSBC Securities Canada. He stepped down in January 2008 and was replaced by Thomas Kloet on July 14, 2008.

Jean Desgagne was appointed president and CEO of the Canadian Depository for Securities Limited in January 2013, taking over from Ian Gilhooley who retired in December 2012.

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Credit: youtube.com, Canada's ETF industry continues to flourish: TMX Group CEO

Deana Djurdjevic joined the team as senior vice president, Equities Trading in May 2013.

Thomas Kloet announced his retirement as CEO in March 2014, but would remain in the role until October 31, 2014. Lou Eccleston took over as CEO on November 3, 2014.

Cheryl Graden was promoted to senior vice president, Group Head of Legal and Business Affairs and Corporate Secretary in March 2015, and also became an officer of TMX Group Limited and its subsidiaries.

Nicholas Thadaney was appointed president & CEO, Global Equity Capital Markets in July 2015, and would take over on September 1, 2015.

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Investment and Growth

TMX Group has consistently demonstrated impressive growth over the years, with a 1-year return of 13.88%.

The company's 3-year return is a staggering 86.27%, indicating a significant increase in its value over time. This is a testament to the company's solid financial foundation and strategic decision-making.

Here are some key growth metrics for TMX Group:

TMX Group's 5-year revenue growth stands at 12.59%, while its earnings growth is an impressive 14.58%. This indicates a steady increase in the company's revenue and profitability over the years.

Is a Good Investment?

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When evaluating TMX Group as a potential investment, it's essential to consider the opinions of stock experts. TMX Group was recommended as a Top Pick by an unspecified source on an unknown date.

To make an informed decision, read the latest stock experts' ratings for TMX Group, as this information can significantly impact your investment strategy.

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Growth

When investing in a company, it's essential to consider its growth potential. One-year returns of 13.88% can be a promising sign.

A 3-year return of 86.27% indicates a significant increase in value over time. This can be a good indicator of a company's stability and growth.

Five-year returns of 90.56% demonstrate a consistent upward trend. This suggests that the company has been able to maintain its growth over a longer period.

Revenue growth is also an essential factor to consider. A 5-year revenue growth of 12.59% indicates that the company has been able to increase its revenue over time.

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Earnings growth is another crucial aspect of a company's growth. A 5-year earnings growth of 14.58% suggests that the company is generating more profits over time.

Dividend growth can also be an attractive aspect of a company's growth. A 5-year dividend growth of 8.27% indicates that the company has been able to increase its dividend payments over time.

Here's a summary of the growth metrics:

Xt

Xt is an investment strategy that involves leveraging your existing assets to generate passive income. This approach can be particularly effective for those who are already established in their careers and have a solid financial foundation.

In the article, we discussed how Xt can help you grow your wealth by investing in dividend-paying stocks, which can provide a regular stream of income. By doing so, you can create a snowball effect that fuels further growth.

A key benefit of Xt is that it allows you to diversify your portfolio without having to take on excessive risk. By allocating a portion of your assets to dividend-paying stocks, you can spread your risk and increase your potential for long-term returns.

Studies have shown that dividend-paying stocks can outperform non-dividend-paying stocks over the long term. In fact, one study found that dividend-paying stocks have historically returned around 8-10% per year, compared to 4-6% for non-dividend-paying stocks.

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Stock and Market Data

Credit: youtube.com, Raymond James initiates coverage on TMX Group

TMX Group's stock price has been closing at around $49.34 as of October 22, 2025.

The company's most recent earnings per share (EPS) were 0.26 on July 31, 2025, and the next earnings date is set for October 29, 2025.

Here's a summary of TMX Group's per-share information:

TMX Group's dividend payout ratio is around 51.66%, indicating that the company is distributing a significant portion of its earnings to shareholders.

Stock Price

The stock price of TMX Group (X-T) is a crucial metric to understand the company's performance. On 2025-10-22, the stock closed at a price of $49.34.

To get a better sense of the stock's value, let's take a look at its per-share information. Here are some key metrics:

Is Worth Watching?

When evaluating stocks, it's essential to consider the opinions of experts in the field. 24 stock analysts on Stockchase covered TMX Group in the last year, making it a stock worth watching.

Their endorsement suggests that TMX Group is a trending stock, worth paying attention to.

The fact that so many analysts are covering TMX Group implies that it's a stock with significant market interest.

This level of attention can be a good indicator of a stock's potential for growth.

Stock Symbol

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TMX Group is a Canadian stock trading under the symbol X-T on the Toronto Stock Exchange.

The symbol is also referred to as TSX:X or X-T.

This means you can look up the stock's performance under any of these symbols.

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Cause of Stock Drop

Earnings reports can cause a stock price to drop.

Recent company news can also have a negative impact on a stock's value.

Earnings reports are a major factor in determining a stock's performance, and a disappointing report can lead to a stock price drop.

Company news, such as a scandal or a major product recall, can also cause a stock price to plummet.

Stock experts' recommendations can help investors decide whether to buy, sell, or hold a stock, especially during times of uncertainty.

Employment and Industry

TMX Group is a significant player in the financial industry, employing a total of 1,017 people. This workforce is dedicated to providing top-notch services to clients.

Credit: youtube.com, TMX Group Closes the Market Monday, November 14, 2022

These employees are the backbone of the company, working tirelessly to ensure smooth operations. With a strong team in place, TMX Group is well-equipped to tackle the demands of the financial sector.

Their expertise and dedication have made them a leader in the industry, and it's clear that their employees are key to their success.

Employment Count

The employment landscape is a crucial aspect of any industry, and it's fascinating to see the numbers behind it. 1,017 people are employed at TMX Group.

TMX Group is just one example of a company with a significant workforce. We can also look at the industry as a whole to get a better understanding of the employment picture.

The employment count can vary greatly depending on the company and industry, but it's essential to consider the numbers when evaluating the health of a particular sector.

NaICS Code Meaning

The NAICS code is a six-digit number used to classify businesses by industry. It's like a label that helps identify what kind of business a company is.

Credit: youtube.com, NAICS Codes, Explained

TMX Group, for example, has a NAICS code of 55, 52, 523, and 5231. This tells us that it operates in multiple industries, including finance and insurance.

Understanding the NAICS code is important for businesses and job seekers alike. It can help identify job opportunities and industry trends.

TMX Group's NAICS code of 5231 specifically indicates that it operates in the securities and commodity brokers, dealers, exchanges, and services industry. This is a key part of the finance sector.

SIC Code Definition

The SIC code is a classification system used to categorize businesses and industries.

TMX Group has a specific set of SIC codes, which are 62, 621, and 623.

Understanding the SIC code can help you navigate the complex world of employment and industry.

The SIC codes for TMX Group can be used to identify its primary business activities.

Knowing your SIC code can be beneficial when searching for industry-specific information or comparing your business to others in the same field.

Analysis and Insights

Credit: youtube.com, TMX Group Expands Global ETF Business with VettaFi Acquisition

TMX Group is a leading provider of trading, clearing, and settlement services in Canada. With a strong presence in the country's capital markets, it offers a range of products and services to support the needs of its clients.

The company's roots date back to 1852, when the Toronto Stock Exchange (TSX) was founded. This legacy has enabled TMX Group to establish itself as a trusted and experienced player in the industry.

TMX Group's exchange platforms, including the TSX and TSX Venture Exchange, provide a liquid and efficient marketplace for buying and selling securities.

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Questions

Questions often arise when trying to make sense of complex data. What is the best way to approach analysis?

One key question to ask is: What is the purpose of the analysis? Understanding the goal helps focus efforts and identify relevant insights.

How do you know if your analysis is accurate? It's essential to verify results against original data.

Reliefs on Wall of New York Stock Exchange Building
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Can you trust the data you're working with? Ensuring data quality is crucial for reliable insights.

What if you're dealing with a large dataset? Breaking it down into smaller, manageable chunks can make analysis more efficient.

How do you know if your insights are relevant to the problem at hand? Connecting the dots between data and real-world implications is vital.

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Rating

The TMX Group's Stockchase rating is calculated based on the stock experts' signals, with a total of 24 signals.

A high score indicates that experts mostly recommend buying the stock, while a low score means experts mostly recommend selling it.

The current rating for TMX Group is 8-8, with an equal number of bullish and bearish signals.

This suggests that the stock experts are evenly split on their recommendations for TMX Group.

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Frequently Asked Questions

Is TMX a good company to work for?

TMX Group has an excellent reputation, with a 4.3-star rating based on 232 employee reviews, indicating a positive work experience for most employees. If you're considering a career with TMX, you may want to explore their company culture and benefits further.

Teresa Halvorson

Senior Writer

Teresa Halvorson is a skilled writer with a passion for financial journalism. Her expertise lies in breaking down complex topics into engaging, easy-to-understand content. With a keen eye for detail, Teresa has successfully covered a range of article categories, including currency exchange rates and foreign exchange rates.

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