TMX Group Inc. (TSE: TMX) Reports Q4 Net Loss Expansion

TMX Group Inc. (TSE: TMX) reported a wider net loss in Q4 2025, ending the year with a loss of CAD 117.9 million, up from CAD 69.2 million in Q3 2025. The decline followed lower trading volume and FX volatility, with the firm noting a CAD 12.8 million non-cash impairment of goodwill and other intangible assets in the period. Revenue for the quarter totaled CAD 2.23 billion, a 3.4% year-over-year decline, reflecting reduced market activity and ongoing economic headwinds. The company attributed the results to continued weakness in fixed-income, currencies, and foreign exchange markets, with trading and clearing volumes down 8.2% year-over-year.