The company reported $10.5 million in operating income and $0.71 diluted EPS, driven by surging trading activity and market data revenue.
OTC Markets Group (OTCMKTS:OTCM) delivered record second-quarter results, with gross and net revenue rising 14% year over year. Operating income climbed 19% to $10.5 million, while net income increased 17% to $8.6 million, and diluted GAAP EPS grew 18% to $0.71.
Trading activity fueled growth, with OTC Link revenue up 27% and transaction-based revenue surging 47%. Average daily transactions rose 50% to roughly 95,000. Market data revenue grew 7%, and corporate services revenue increased 14%. The company also returned $6.6 million to shareholders and declared a $0.30 quarterly dividend.
Management highlighted digital-asset infrastructure and potential SEC recognition of OTCQX and OTCQB as long-term opportunities, though regulatory uncertainty persists.