OTC Markets Group delivered a record second quarter, with gross revenues rising 14% year over year to $34.8 million and operating income climbing 19% to $10.5 million, lifting the operating margin to 31.1% from 29.9% a year earlier. Net income increased 17% to $8.6 million, and diluted GAAP earnings per share rose 18% to $0.71. The company returned $6.6 million to shareholders during the quarter — $3.6 million in dividends and $3.0 million in share repurchases, a three-fold increase from the prior year — and declared a third-quarter dividend of $0.30 per share.
Trading activity provided the clearest signal of momentum. Average daily trades on OTC Link ECN and OTC Link NQB jumped to roughly 95,000 from about 63,000 a year ago, while MOON ATS processed approximately 69,000 trades and 7.8 million shares per session. Segment revenue reflected that breadth: OTC Link grew 27%, Corporate Services rose 14%, and Market Data Licensing added 7%. The company ended the quarter with 585 OTCQX and 1,101 OTCQB companies, plus 1,037 OTCID companies, and 144 unique OTC Link subscribers, up seven from June 2025.