Bolsa Mexicana (BOLSAA) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 5% to MXN 1,161M; EBITDA increased 2% to MXN 635M, while net income grew 1% to MXN 397M.

• 9M revenue increased 7% to MXN 3,570M, EBITDA rose 4% to MXN 1,983M and net income grew 1% to MXN 1,241M; derivatives, post-trade and custody supported results.

Financial highlights

• Q3 expenses increased 12% to MXN 606M; operating income was MXN 555M, down 1% YoY.

• 9M operating income rose 3% to MXN 1,764M; expenses increased 11% to MXN 1,806M.

• Q3 EPS was MXN 0.72, up 2.3%; 9M EPS was MXN 2.25, up 2.2%.

• 9M comprehensive financing income declined 19% to MXN 161M; net income increased 1% to MXN 1,241M.

• At constant currency, 9M revenue would have grown 11% to MXN 3,703M and EBITDA 9% to MXN 2,079M.

Outlook and guidance

• Revised 2026 investment guidance is MXN 340–370M; MXN 198M was invested through 9M and MXN 172M committed to existing contracts.

• Digital Evolution target launches: derivatives in 1Q27, Repo CCP in May 2027, and CSD and Equity CCP in 1Q28.

• Management indicated revenue growth could reach high single digits in 2027, absent currency changes; technology expense growth is expected in the low double digits.

• Four confidential IPO candidates remain in the pipeline, with timing dependent on market conditions; potential long-term debt listings total MXN 50–60B monthly into Q4 and early 2027.