TMX Group Limited

X.TO (TSX: X) TSX
Sector: Financial Services · Industry: — · Exchange: TSX
62.78 -0.200 (-0.3%) Market cap: $17.26B
52-week range low 44.39 · Feb 12, 2026high 62.98 · Nov 11, 2026

At a glance

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.

PriceComposite (XIU.TO, proxy)Sector fund (iShares S&P/TSX Capped Financials Index ETF (XFN.TO))
X.TO price, 1M +19% +0% -2% Oct 13, 2026 Nov 12, 2026 Volume
X.TO price, 6M +21% +0% -17% May 13, 2026 Nov 12, 2026 Volume
X.TO price, 1Y +38% +0% -15% Nov 11, 2025 Nov 12, 2026 Volume
X.TO price, 5Y +143% +0% -29% Nov 12, 2021 Nov 10, 2026 Volume
Monthly closes (table version, last 5 years)
Monthly closes, adjusted
MonthClose
2021-1225.65
2022-0125.86
2022-0225.61
2022-0325.72
2022-0426.16
2022-0527.53
2022-0626.20
2022-0726.28
2022-0826.38
2022-0925.41
2022-1026.20
2022-1128.21
2022-1227.10
2023-0126.23
2023-0227.21
2023-0327.30
2023-0427.44
2023-0529.55
2023-0629.81
2023-0729.30
2023-0829.90
2023-0929.19
2023-1028.88
2023-1129.30
2023-1232.05
2024-0133.25
2024-0235.60
2024-0335.73
2024-0436.45
2024-0536.58
2024-0638.08
2024-0741.96
2024-0842.99
2024-0942.39
2024-1043.49
2024-1144.27
2024-1244.28
2025-0144.98
2025-0251.41
2025-0352.54
2025-0455.87
2025-0555.47
2025-0657.72
2025-0756.34
2025-0854.85
2025-0953.24
2025-1051.73
2025-1151.30
2025-1252.23
2026-0150.27
2026-0246.01
2026-0349.33
2026-0455.40
2026-0551.59
2026-0646.43
2026-0751.24
2026-0854.03
2026-0952.25
2026-1060.07
2026-1162.78

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.

Returns by period; 3Y and 5Y are annualized
Metric1W1M3M6MYTD1Y3Y5Y
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).

Risk and trading, prices to Nov 12, 2026
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
LiquidityHigh (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.

Valuation multiples, snapshot Nov 12, 2026
MultipleValueAgainst sector peers
P/E (TTM)29.6 Lower than 8% of peers (103 companies; median 10.7)
Earnings yield3.38%—
P/B3.48 Lower than 9% of peers (101 companies; median 1.04)
P/SNot available: Not available — needs TTM revenue; see financials.—
EV/EBITDA18.9 Lower than 18% of peers (44 companies; median 9.2)
Dividend yield1.52%—
Payout ratioNot 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.

Annual figures, last 4 fiscal years, plus TTM
Metric2022202320242025TTM
Revenue$1.11B$1.19B$1.46B$1.72B$1.86B
Gross margin67.2%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 shares278,401,860276,623,110277,815,490278,205,642—

Revenue by year

2022202320242025

Free cash flow by year

2022202320242025
Balance sheet, latest annual row
Cash$348.3M
Total debt$2.17B
Debt-to-equity0.46
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.

Dividend history, last 5 years
YearDividend 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.

Split history (from the split inventory)
DateActionRatio
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.

Ownership, insider window 2026-08-14 to 2026-11-12
Insider buys (90 days)0
Insider sell (90 days)5
Shares outstanding change (1Y)+0.1%
Shares outstanding change (3Y)-0.1%
Held by insiders1.17%
Held by institutions56.70%

Counts are by filing date. Holdings are from the key-stats snapshot (as of Nov 12, 2026).

Recent insider trades (11)
Filing dateTypeNameSharesPriceValue
Sep 1, 2026OTHERGRADEN (CHERYL L.)516.92$84
Sep 1, 2026OTHERGRADEN (CHERYL L.)8,88518.43$164K
Sep 1, 2026OTHERGRADEN (CHERYL L.)14,66519.02$279K
Sep 1, 2026OTHERGRADEN (CHERYL L.)1,18019.48$23K
Sep 1, 2026OTHERGRADEN (CHERYL L.)17,00019.48$331K
Sep 1, 2026SELLGRADEN (CHERYL L.)539.05$195
Sep 1, 2026SELLGRADEN (CHERYL L.)8,88539.17$348K
Sep 1, 2026SELLGRADEN (CHERYL L.)14,66539.25$576K
Sep 1, 2026SELLGRADEN (CHERYL L.)1,18039.26$46K
Sep 1, 2026SELLGRADEN (CHERYL L.)17,00038.97$662K
Aug 31, 2026OTHERTMX GROUP LTD146,69738.49$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.

Peers in Financial Services, by market cap (prices to Nov 12, 2026)
TickerPrice1Y %Market capP/EEV/EBITDADiv yield1Y vol
BRK.TO42.48+15.8%$1636.25B16.8-2.00.00%+14.8%
JPM.TO43.50—$1188.32B14.5——+22.1%
VISA.TO38.10—$1023.77B34.6——+23.0%
BOFA.TO25.08—$454.58B12.1——+24.1%
RY.TO289.39+39.9%$400.64B18.2—2.43%+15.9%
MS.TO37.91—$394.76B15.1——+31.4%
WFCS.TO23.62—$351.77B12.2——+29.0%
GS.TO43.30—$342.74B13.2——+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.

Every published plan for this ticker (outcome under the full ladder; first exit shown second)
DateSideEntryStopFirst exitExitsOutcome (full ladder)First exitHold
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 earningsNot available: No company release or exchange notice in the stored data — stored dates are Yahoo-sourced, so none is shown.
Last earningsJul 30, 2026 · EPS 0.63
Next ex-dividendNot 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

BlockSourceAs of
prices, chart, performance, riskdaily_prices (Yahoo)Nov 12, 2026
valuation, market cap, ownershipyahoo_key_stats snapshotNov 12, 2026
financialsfinancials (Yahoo)Jun 30, 2026
plans, resolutionspublished entries-*.json + track-record.jsonNov 12, 2026
insidersinsider_trades (SEDI filings)Nov 12, 2026
splitsSplit inventory (interim table)Nov 5, 2026
sector conditionconditions-2026-11-05.jsonNov 5, 2026
Superstock scoresuperstock_checks + superstock.jsonNov 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.