TMX Group Limited
X.TO (TSX: X) TSXAt a glance
- Up 24.2% over the past year; the S&P/TSX Composite rose 20.0%.
- P/E 29.6 — lower than 8% of Financial Services peers (103 companies).
- Market cap $17.26B; average daily dollar volume $35.3M over the past 3 months — High liquidity.
- Pays a 1.52% trailing dividend yield (as of 2026-11-12).
- No published plan for this ticker.
- 1-year volatility 24.4% (annualized); largest fall from a peak over the past year -18.9%.
Price chart
Split- and dividend-adjusted. All three lines are rebased to 100 at the start of the range, so the chart compares moves, not prices. L marks a LONG plan, S a SHORT plan — each links to that session's day page.
Monthly closes (table version, last 5 years)
| Month | Close |
|---|---|
| 2021-12 | 25.65 |
| 2022-01 | 25.86 |
| 2022-02 | 25.61 |
| 2022-03 | 25.72 |
| 2022-04 | 26.16 |
| 2022-05 | 27.53 |
| 2022-06 | 26.20 |
| 2022-07 | 26.28 |
| 2022-08 | 26.38 |
| 2022-09 | 25.41 |
| 2022-10 | 26.20 |
| 2022-11 | 28.21 |
| 2022-12 | 27.10 |
| 2023-01 | 26.23 |
| 2023-02 | 27.21 |
| 2023-03 | 27.30 |
| 2023-04 | 27.44 |
| 2023-05 | 29.55 |
| 2023-06 | 29.81 |
| 2023-07 | 29.30 |
| 2023-08 | 29.90 |
| 2023-09 | 29.19 |
| 2023-10 | 28.88 |
| 2023-11 | 29.30 |
| 2023-12 | 32.05 |
| 2024-01 | 33.25 |
| 2024-02 | 35.60 |
| 2024-03 | 35.73 |
| 2024-04 | 36.45 |
| 2024-05 | 36.58 |
| 2024-06 | 38.08 |
| 2024-07 | 41.96 |
| 2024-08 | 42.99 |
| 2024-09 | 42.39 |
| 2024-10 | 43.49 |
| 2024-11 | 44.27 |
| 2024-12 | 44.28 |
| 2025-01 | 44.98 |
| 2025-02 | 51.41 |
| 2025-03 | 52.54 |
| 2025-04 | 55.87 |
| 2025-05 | 55.47 |
| 2025-06 | 57.72 |
| 2025-07 | 56.34 |
| 2025-08 | 54.85 |
| 2025-09 | 53.24 |
| 2025-10 | 51.73 |
| 2025-11 | 51.30 |
| 2025-12 | 52.23 |
| 2026-01 | 50.27 |
| 2026-02 | 46.01 |
| 2026-03 | 49.33 |
| 2026-04 | 55.40 |
| 2026-05 | 51.59 |
| 2026-06 | 46.43 |
| 2026-07 | 51.24 |
| 2026-08 | 54.03 |
| 2026-09 | 52.25 |
| 2026-10 | 60.07 |
| 2026-11 | 62.78 |
The Composite is proxied by XIU.TO (iShares S&P/TSX 60 Index ETF); the database holds no Composite index series. The sector fund is a fund, never the index.
Performance
Over the past year the stock is up 24.2% against +20.0% for the Composite — 4.1 points ahead.
| Metric | 1W | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|---|---|---|
| Stock | +3.1% | +18.4% | +16.9% | +18.2% | +20.2% | +24.2% | +29.1% | +18.6% |
| Sector fund (XFN.TO) | +1.8% | +6.9% | -0.4% | +15.1% | +23.5% | +32.6% | +30.9% | +13.9% |
| Composite (XIU.TO, proxy) | +1.8% | +2.8% | -0.1% | +9.4% | +16.1% | +20.0% | +22.0% | +10.5% |
| Difference vs Composite | +1.3% | +15.7% | +16.9% | +8.7% | +4.1% | +4.1% | +7.1% | +8.1% |
3Y and 5Y are annualized from 3Y. The Composite is proxied by XIU.TO; the sector fund is iShares S&P/TSX Capped Financials Index ETF (XFN.TO).
Risk and trading
1-year volatility +24.4% (annualized); largest fall from a peak -18.9% (May 4, 2026 to Jun 25, 2026); beta 0.45 against the Composite (2Y weekly).
| Volatility (1Y, annualized) | +24.4% |
| Maximum drawdown (1Y) | -18.9% (May 4, 2026 to Jun 25, 2026) |
| Beta (2Y weekly, vs Composite) | 0.45 |
| Average daily volume (3M) | 632,565 |
| Dollar volume (3M, average per day) | $35.3M |
| Liquidity | High (High: $1M or more a day; Moderate: $100K or more; Low: under $100K, by average daily dollar volume.) |
Valuation
P/E 29.6 — lower than 8% of Financial Services peers (103 companies). The sector median P/E is 10.7.
| Multiple | Value | Against sector peers |
|---|---|---|
| P/E (TTM) | 29.6 | Lower than 8% of peers (103 companies; median 10.7) |
| Earnings yield | 3.38% | — |
| P/B | 3.48 | Lower than 9% of peers (101 companies; median 1.04) |
| P/S | Not available: Not available — needs TTM revenue; see financials. | — |
| EV/EBITDA | 18.9 | Lower than 18% of peers (44 companies; median 9.2) |
| Dividend yield | 1.52% | — |
| Payout ratio | Not available: Not available — no stored dividend history yet. | — |
Each multiple is shown against the sector median of the pages' universe as a percentile: "lower than 25% of peers" means the value sits below 25% of them. Valuation multiples are from the Nov 12, 2026 snapshot, and are always printed with that date.
More: dividend rate and earnings yield
Dividend rate: 0.96. Earnings yield is earnings per share divided by price — the inverse of P/E.
Financials
Revenue $1.72B in 2025 (TTM $1.86B); net income $415.7M; free cash flow $643.6M. Reporting currency: CAD.
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $1.11B | $1.19B | $1.46B | $1.72B | $1.86B |
| Gross margin | 67.2% | 65.3% | 65.7% | 65.5% | — |
| Net income | $542.7M | $356.0M | $481.5M | $415.7M | $556.5M |
| Free cash flow | $392.2M | $459.7M | $549.7M | $643.6M | $760.4M |
| Diluted shares | 278,401,860 | 276,623,110 | 277,815,490 | 278,205,642 | — |
Revenue by year
Free cash flow by year
| Cash | $348.3M |
| Total debt | $2.17B |
| Debt-to-equity | 0.46 |
| Operating margin (latest snapshot, Nov 12, 2026) | 45.0% |
Figures as reported in stored financials; reporting currency CAD. Operating margin is not stored per year, so the latest snapshot value is shown. TTM covers 2025-06-30, 2025-12-31, 2026-03-31, 2026-06-30.
Dividends and splits
Pays a 1.52% trailing dividend yield (as of Nov 12, 2026). No splits on record.
| Year | Dividend per share |
|---|---|
| Not available: No stored dividend history yet. | |
Trailing yield 1.52% is the stored key-stats snapshot value (as of Nov 12, 2026) — the dividend history itself is not stored yet, so no history table is shown.
| Date | Action | Ratio |
|---|---|---|
| Not available: No splits on record for this ticker. | ||
Next ex-dividend date: Not available: No stored ex-dividend dates for equities. Prices on the chart are split- and dividend-adjusted (no splits on record, so nothing to adjust).
Ownership and dilution
Insiders bought 0 times and sold 5 times in the 90 days to Nov 12, 2026. Shares outstanding grew 0.1% over 1 year.
| Insider buys (90 days) | 0 |
| Insider sell (90 days) | 5 |
| Shares outstanding change (1Y) | +0.1% |
| Shares outstanding change (3Y) | -0.1% |
| Held by insiders | 1.17% |
| Held by institutions | 56.70% |
Counts are by filing date. Holdings are from the key-stats snapshot (as of Nov 12, 2026).
Recent insider trades (11)
| Filing date | Type | Name | Shares | Price | Value |
|---|---|---|---|---|---|
| Sep 1, 2026 | OTHER | GRADEN (CHERYL L.) | 5 | 16.92 | $84 |
| Sep 1, 2026 | OTHER | GRADEN (CHERYL L.) | 8,885 | 18.43 | $164K |
| Sep 1, 2026 | OTHER | GRADEN (CHERYL L.) | 14,665 | 19.02 | $279K |
| Sep 1, 2026 | OTHER | GRADEN (CHERYL L.) | 1,180 | 19.48 | $23K |
| Sep 1, 2026 | OTHER | GRADEN (CHERYL L.) | 17,000 | 19.48 | $331K |
| Sep 1, 2026 | SELL | GRADEN (CHERYL L.) | 5 | 39.05 | $195 |
| Sep 1, 2026 | SELL | GRADEN (CHERYL L.) | 8,885 | 39.17 | $348K |
| Sep 1, 2026 | SELL | GRADEN (CHERYL L.) | 14,665 | 39.25 | $576K |
| Sep 1, 2026 | SELL | GRADEN (CHERYL L.) | 1,180 | 39.26 | $46K |
| Sep 1, 2026 | SELL | GRADEN (CHERYL L.) | 17,000 | 38.97 | $662K |
| Aug 31, 2026 | OTHER | TMX GROUP LTD | 146,697 | 38.49 | $5.6M |
Peers
Peers in Financial Services, by market cap: BRK.TO, JPM.TO, VISA.TO, BOFA.TO, RY.TO, MS.TO, WFCS.TO, GS.TO.
| Ticker | Price | 1Y % | Market cap | P/E | EV/EBITDA | Div yield | 1Y vol |
|---|---|---|---|---|---|---|---|
| BRK.TO | 42.48 | +15.8% | $1636.25B | 16.8 | -2.0 | 0.00% | +14.8% |
| JPM.TO | 43.50 | — | $1188.32B | 14.5 | — | — | +22.1% |
| VISA.TO | 38.10 | — | $1023.77B | 34.6 | — | — | +23.0% |
| BOFA.TO | 25.08 | — | $454.58B | 12.1 | — | — | +24.1% |
| RY.TO | 289.39 | +39.9% | $400.64B | 18.2 | — | 2.43% | +15.9% |
| MS.TO | 37.91 | — | $394.76B | 15.1 | — | — | +31.4% |
| WFCS.TO | 23.62 | — | $351.77B | 12.2 | — | — | +29.0% |
| GS.TO | 43.30 | — | $342.74B | 13.2 | — | — | +34.3% |
Each row links to its own page when one exists. Peer 1Y returns and volatility use raw closes; peer splits are unadjusted.
analiti.ca history
No published plans for this ticker.
| Date | Side | Entry | Stop | First exit | Exits | Outcome (full ladder) | First exit | Hold |
|---|---|---|---|---|---|---|---|---|
| Not available: No published plans for this ticker. | ||||||||
The full ladder is the headline method: 40/30/20% at the three exits, the last slice held to stop or end. First exit credits the whole position at the first exit level. Full history: the track record.
Superstock score
No Superstock score published for this ticker. The score is the published Superstock screen score — nothing else.
Sector condition: Financial Services — Leading (as of Nov 5, 2026). Superstock screen.
Key dates
| Next earnings | Not available: No company release or exchange notice in the stored data — stored dates are Yahoo-sourced, so none is shown. |
| Last earnings | Jul 30, 2026 · EPS 0.63 |
| Next ex-dividend | Not available: No stored ex-dividend dates for equities. |
The next earnings date is shown only from the company's own release or an exchange notice, with a link. The stored last-earnings date is Yahoo-sourced.
Sources and data notes
| Block | Source | As of |
|---|---|---|
| prices, chart, performance, risk | daily_prices (Yahoo) | Nov 12, 2026 |
| valuation, market cap, ownership | yahoo_key_stats snapshot | Nov 12, 2026 |
| financials | financials (Yahoo) | Jun 30, 2026 |
| plans, resolutions | published entries-*.json + track-record.json | Nov 12, 2026 |
| insiders | insider_trades (SEDI filings) | Nov 12, 2026 |
| splits | Split inventory (interim table) | Nov 5, 2026 |
| sector condition | conditions-2026-11-05.json | Nov 5, 2026 |
| Superstock score | superstock_checks + superstock.json | Nov 12, 2026 |
Not available rules. A field older than its freshness limit shows "not available", never a stale number: prices, 3 trading days; fundamentals, 120 days after the fiscal period end plus 45 days. Valuation multiples are always printed with their snapshot date.
Data file: /data/t/X.TO.json · Markdown twin: /t/X.TO.md
Facts and published history only. Plans are generated by a quant model.