Earnings release
Page 1
TMX Group Limited Reports Results for First Quarter of 2021 TM⭑ • Revenue of $ 252.0 million , up 14 % from $ 220.3 million in Q1 / 20 • Diluted earnings per share of $ 1.70 , up 37 % from $ 1.24 in Q1 / 20 THE FUTURE IS YOURS TO SEE . • Adjusted diluted earnings per share of $ 1.88 , up 23 % over $ 1.53 in Q1 / 20 • Increased quarterly dividend by 7 cents per common share , up 10 % to 77 cents per common share May 11 , 2021 ( TORONTO ) - TMX Group Limited [ TSX : X ] ( " TMX Group " ) today announced results for the first quarter ended March 31 , 2021 . Commenting on the first three months of the year , John McKenzie , Chief Executive Officer of TMX Group , said : " TMX's strong performance in the first quarter reflects significant contributions from across our business and robust capital markets activity , including a 122 % increase in financing dollars raised by Toronto Stock Exchange and TSX Venture Exchange issuers , and record overall equities trading volumes , up 50 % from the first quarter of last year . In collaboration with our clients and stakeholders , we continued to build on TMX's history of innovation during the quarter , with the launch of the world's first publicly - listed Bitcoin and Ether ETFs . We look to the future with optimism , powered by the efforts of our dedicated people , as we strive to meet the rapidly - evolving needs of the modern marketplace and execute against our long - term global growth strategy . " Commenting on TMX Group's performance in the first quarter of 2021 , Frank DiLiso , interim Chief Financial Officer of TMX Group , said : " We delivered another strong quarter with revenue growth of 14 % driven by continued strength in our capital formation and equities and fixed income trading and clearing businesses , reflecting a surge in market activity compared with the first three months of 2020. Diluted earnings per share of $ 1.70 was up 37 % over last year , and adjusted diluted earnings per share of $ 1.88 was up 23 % over Q1 / 20 . Our performance in the first quarter reflects the continued strength of our diversified business model . During the first quarter , we also financed $ 250 million of debentures at attractive interest rates and announced a renewal to our share repurchase program . "