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OTC Markets Q3 revenue rises on higher trading volumes

By Reuters News


Overview

  • U.S. trading platform operator's Q3 revenue rose 7% yr/yr

  • Adjusted EPS for Q3 grew 1% yr/yr

  • Company declared $1.75 per share special dividend


Outlook

  • OTC Markets announces special dividend of $1.75 per share payable December 3, 2026

  • Company declares fourth-quarter dividend of $0.30 per share payable December 17, 2026


Result Drivers

  • TRADING VOLUMES - OTC Link revenues rose 17% as transaction-based revenues from ECN, NQB, and MOON ATS increased 32% due to higher share volumes

  • MARKET DATA PRICING - Market Data Licensing revenues increased 7%, driven by price increases for certain licenses and subscriber growth

  • CORPORATE SERVICES MIX - Corporate Services revenues rose 2% as higher average company counts and price increases in OTCQX and OTCQB offset declines in OTCID and DNS subscribers


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$32.86 mln

$33.99 mln (1 Analyst)

Q3 Adjusted EPS

$1.07

$0.75 (1 Analyst)

Q3 Net Income

$8.80 mln

Q3 Income from Operations

$10.80 mln

Q3 Operating Margin

32.9%

Q3 Pretax Profit

$11.07 mln


Analyst Coverage

  • Wall Street's median 12-month price target for OTC Markets Group Inc is $65.00, about 24.5% above its November 10 closing price of $52.21

  • The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago


Reuters Recommended Reads

  • Nov 9 - Affiliated Managers Group posts record AUM

  • Nov 9 - Virtus Investment Partners Q3 adjusted EPS beats estimates

  • Nov 9 - KKR's Q3 profit rises on higher fee income, monetization


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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