Bolsa Mexicana de Valores SAB de CV
BMV:BOLSAA

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Bolsa Mexicana de Valores SAB de CV
BMV:BOLSAA
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Price: 37.29 MXN 3.47% Market Closed
Market Cap: 20.8B MXN

Bolsa Mexicana de Valores SAB de CV
Investor Relations

Bolsa Mexicana de Valores SAB de CV operates as a financial services company. The company is headquartered in Cuauhtemoc, Mexico, D.F. and currently employs 460 full-time employees. The company went IPO on 2008-06-13. The firm's activities are divided into six business segments: Stock Exchange, operating the Mexican stock exchange; Derivatives, listing and trading future and option contracts; Brokerage, providing brokerage services for securities enrolled in the National Securities Registry; Settlements, offering clearing and settlement services for financial and commodities derivatives and securities transactions; Custody, providing custody services related to securities clearing and settlement, and Others, including news and information technology (IT) services, among others. The firm operates through a number of subsidiaries, such as Contraparte Central de Valores de Mexico SA de CV (CCV), Mercado Mexicano de Derivados SA de CV (MexDer), SIF ICAP SA de CV (SIF ICAP) and Valuacion Operativa y Referencias de Mercado SA de CV (Valmer).

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BOLSAA
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 22, 2025
AI Summary
Q3 2025

Revenue Growth: Total revenues reached MXN 1.1 billion, up 4% year-over-year, mainly driven by post-trade services, securities custody, and growth in information services and listings.

Margin Resilience: EBITDA margin stayed solid at 57%, with EBITDA up 2% YoY, though management expects margins could come down next year before recovering by 2027.

Net Income Drop: Net income for Q3 was MXN 393 million, down 4% YoY, primarily due to lower financial income after Banxico's rate cuts.

Major Investments: CapEx is running higher than expected, with plans to exceed MXN 250 million in both 2025 and 2026, as the company invests heavily in technology and infrastructure.

Debt CCP Launch: BMV received regulatory approval for its bond CCP, with the first trades expected by late November; a major repo CCP launch is targeted for end-2026.

Market Share Stable: Equity trading market share remained stable at 78–80% despite competitive fee pressures, and no immediate plans to cut trading fees.

Buyback Strategy: The buyback program is resuming, with activity tied to share price levels and balancing with dividend payouts amid high CapEx.

Key Financials
Revenue
MXN 1.1 billion
EBITDA
MXN 623 million
EBITDA Margin
57%
Net Income
MXN 393 million
Year-to-date Net Income
MXN 1.2 billion
Operating Expenses
MXN 543 million
CapEx
MXN 89 million (Q3), MXN 189 million (year-to-date)
Assets Under Custody
MXN 44 trillion
Equity Trading Market Share
78–80%
Margin Deposits (Asigna)
MXN 42 billion
Outstanding Long-term Listings
531
Earnings Call Recording
Other Earnings Calls

Management

Jorge Alegria Formoso
Chief Executive Officer
No Bio Available
Ramón Güémez Sarre
Chief Financial & Sustainability Officer
No Bio Available
Claudio Vivian Gutierrez
Chief Information Officer
No Bio Available
Mr. Luis Rene Ramon
Director of Financial Planning & Investor Relations
No Bio Available
Mr. Hugo Arturo Contreras Pliego
Chief Legal & Compliance Officer
No Bio Available
Roberto Gavaldón Arbide
Director of Corporate Communication & Cultural Promotion
No Bio Available
Rosa Lara Crespo Casas
Executive Director of Human Factor
No Bio Available
Mr. José Manuel Allende Zubiri
Chief Capital Formation, Information Services & Markets Officer
No Bio Available
Mr. Roberto González Barrera
Chief Post-Trade Officer
No Bio Available
Alfredo R. Guillén Lara
Executive Director of Capital Markets
No Bio Available

Contacts

Address
MEXICO, D.F.
CUAUHTEMOC
Paseo de la Reforma No. 255
Contacts
+525553429005.0
www.bmv.com.mx