Bolsa Mexicana (BOLSAA) Q2 2026 earnings summary

Executive summary

• 6M26 revenue rose 8% YoY to MXN 2,409M; EBITDA increased 5% to MXN 1,347M and net income rose 1% to MXN 844M.

• 2Q26 revenue increased 8% to MXN 1,198M; net income rose 2% to MXN 407M and EBITDA increased 5% to MXN 662M.

• Market activity strengthened, with 6M26 equity ADTV up 20% to MXN 21.2B and June market share at 83%.

• Digital Evolution is modernizing core systems, with platform upgrades expected to support growth from 2027.

Financial highlights

• 2Q26 revenue was MXN 1,198M (+8% YoY); expenses were MXN 605M (+13%), mainly on higher personnel, technology and depreciation costs.

• 6M26 expenses rose 11% to MXN 1,200M; operating income increased 4% to MXN 1,209M.

• 6M26 net finance income declined 26% to MXN 106M; lower central bank rates also reduced financial income by MXN 37M YoY.

• Net income was MXN 407M (+2%) in 2Q26 and MXN 844M (+1%) in 6M26.

• EPS was MXN 0.74 in 2Q26 (+3%) and MXN 1.53 in 6M26 (+2%).

Outlook and guidance

• High single-digit to low double-digit top-line growth is expected to continue, supported by trading activity; volatility-driven growth may moderate.

• Derivatives platform Wave 1 is scheduled for 1Q27, Wave 2 repo CCP for May 2027, and CSD and equity CCP modernization is targeted for 1Q28; revenue contribution is expected from 2Q27.

• Investment in transformation continues through 2027–2028; two major waves are expected to be operational in 2027 and a third by 2028.