TMX Group (TSE:X) is actively pursuing a long-term strategy focused on expanding recurring revenue, increasing its international footprint, and enhancing its information-services business, aided by acquisitions, as stated by Chief Financial Officer David Arnold during a CIBC presentation. The company aims for recurring revenue to comprise about two-thirds of its total revenue, and for roughly half of this revenue to originate from outside Canada.
Arnold emphasized that TMX is on track to meet its “TM2X” goal of doubling revenue from C$1 billion to C$2 billion in a shorter timeframe than previous growth metrics. Additionally, initial public offering (IPO) activity in the first half of 2026 exceeded that of all of 2025, with capital raising in Canada seeing a year-over-year increase of approximately 15% for the first eight months of 2026.
In 2026, TMX has engaged in several acquisitions, including Cboe Australia and Refi, enhancing its global market presence and technology capabilities. The expected integration of these acquisitions aims to bolster its index offerings and data services. TMX is committed to maintaining its transactional business, which represents about 53% of revenue, while growing its recurring revenue and expanding its technological infrastructure.
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