TMX Group (X) AGM 2026 summary

Opening remarks and agenda

• Chair welcomed shareholders, employees, directors, management, and auditors, emphasizing inclusivity for both in-person and virtual participants.

• Acknowledged Indigenous lands and highlighted the company's national footprint and commitment to stakeholder engagement.

• Outlined meeting procedures, including voting, question submission, and the appointment of scrutineers.

• Agenda included auditor appointment, director elections, executive compensation, and equity incentive plan approval.

Financial performance review

• Achieved exceptional financial results in 2025, with 18% total revenue growth and 15% organic growth over 2024.

• Adjusted diluted earnings per share increased 25% to CAD 2.13, despite reported EPS decreasing due to higher finance costs and tax expenses.

• Income from operations rose 20% to CAD 771 million, driven by strong performance in derivatives, equities, and global insights.

• Recurring revenue was 53% of total, with 51% of revenue generated outside Canada.

• Returned CAD 233 million in dividends and invested over CAD 132 million in acquisitions to enhance growth businesses.

Board and executive committee updates

• Recognized the retirement of a long-serving director and expressed gratitude to the board and management for their service and governance.

• Confirmed the election of 12 directors for the coming year.