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TMX Group Limited Reports Results for Third Quarter of 2021 ● ● ● TMX THE FUTURE IS YOURS TO SEE . Revenue of $ 231.3 million , up 11 % from $ 207.6 million in Q3 / 20 Diluted earnings per share of $ 1.36 , up 11 % from $ 1.23 in Q3 / 20 Adjusted diluted earnings per share ¹ of $ 1.57 , up 12 % over $ 1.40 in Q3 / 20 1 Cash flows from operating activities of $ 117.7 million , up 16 % from $ 101.7 million in Q3 / 20 November 8 , 2021 ( TORONTO ) - TMX Group Limited [ TSX : X ] ( " TMX Group " ) today announced results for the third quarter ended September 30 , 2021 . Commenting on the third quarter of 2021 , John McKenzie , Chief Executive Officer of TMX Group , said : " We are extremely pleased with TMX's strong performance in the quarter , as we achieved double - digit top and bottom line growth with contributions from across the enterprise , including capital formation , derivatives and Trayport . Along with sustained , positive momentum in our capital markets ecosystem , TMX also marked significant milestones in our initiatives during the third quarter , designed to bolster our ability to serve new and existing clients and to expand the global reach of Canada's markets into the future . In August , we completed the acquisition of AST Canada to augment TSX Trust's service offering , and in September , Montreal Exchange launched derivatives trading on Asia Pacific time . Always focused on the future , TMX's people continue to work in close collaboration with our industry stakeholders in pursuit of innovative , adaptive and responsive ways to meet the evolving needs of the marketplace and ultimately , to generate long - term growth . " Commenting on TMX Group's performance in the third quarter of 2021 , David Arnold , Chief Financial Officer of TMX Group , said : 1 See discussion under the heading " Non - IFRS Financial Measures " . " We delivered another strong quarter with 11 % revenue growth this quarter compared with Q3 / 20 , including organic revenue growth of 9 % . We continued to see strong capital raising activity and growth in our data and analytics business , as well as a resurgence in our derivatives trading volumes in Q3 / 21 . With the acquisition of AST Canada , we continued to execute on our strategy to further diversify our revenue streams and increased our proportion of recurring revenue . Operating expenses , excluding AST Canada , increased by 8 % this quarter reflecting increased investment in various growth areas of our business . "