Finance
Euronext quarterly revenue rises about 10%, matches forecasts
Published by Global Banking & Finance Review®
Posted on February 18, 2026
2 min readLast updated: February 18, 2026
Quick Summary
Euronext posted €456.4m in Q4 2025 revenue, up ~10% and in line with a €457.1m forecast. Core profit rose 8.9% to €275m. The group will propose a dividend equal to 50% of 2025 net income at the May AGM.
Euronext Q4 Revenue Climbs Nearly 10%, In Line With Market Forecasts
By Jakob Van Calster
Earnings Highlights and Market Context
Feb 18 (Reuters) - Stock exchange operator Euronext reported revenue of 456.4 million euros ($539.5 million) for the final quarter of 2025 on Wednesday, up nearly 10% from 2024 and close to the 457.1 million euros forecast in a company-provided poll.
Revenue and Profit Performance
Continued growth in both trading volume and non-volume businesses lifted core profit 8.9% to 275 million euros, matching expectations but slowing from the double-digit gains of previous quarters.
Dividend Proposal
The company said it would propose a dividend of 321.5 million euros, or 50% of its 2025 reported net income, at its annual general meeting in May.
IPO Momentum on Euronext
LISTINGS PICK UP
CSG and Magnum Debuts
After a lull in fresh listings, activity strengthened towards the end of 2025, marked by high-profile debuts in Amsterdam of Czech arms producer CSG and Magnum Ice Cream, spun off by Unilever.
Defence IPO Demand Drivers
Defence offerings in particular have attracted demand as companies look to tap multi-billion-euro commitments from European governments.
"The defence sector is the sweet spot for IPOs,” Euronext CEO Stéphane Boujnah told Reuters, citing companies' need to raise capital quickly, high sector valuations, and investor demand for earlier-stage growth opportunities.
Upcoming Listings in 2026
Paris is also set to see prominent listings in 2026. KNDS, the Franco-German maker of tanks including the Leopard, plans a Paris-Frankfurt dual listing targeted for June or July.
Pan-European Strategy and M&A
PAN-EUROPEAN STOCK EXCHANGE
Integrating Athens Stock Exchange
Boujnah reiterated his call for deeper pan-European market consolidation as Euronext begins integrating the recently acquired Athens Stock Exchange.
Exchange Rivalry: NYSE and Nasdaq
"If you want to compete against NYSE and Nasdaq, you don’t create another Playmobil exchange," he said, arguing that Europe's problem is fragmented liquidity and that consolidation is the only solution.
He added that some form of consolidation was likely within the next decade, either carried out willingly while exchanges remain strong, "or in an offensive manner when we are under threat".
FX Rate Note ($1 = €0.8460)
($1 = 0.8460 euros)
(Reporting by Jakob Van Calster. Editing by Joe Bavier and Mark Potter)
Key Takeaways
- •Q4 2025 revenue reached €456.4m, up about 10% year over year and broadly matching the €457.1m forecast.
- •Core profit rose 8.9% to €275m, aligning with expectations but slowing from prior double‑digit quarters.
- •Growth was supported by higher trading volumes and expansion in non‑volume‑related businesses.
- •Euronext plans to propose a €321.5m dividend, equal to 50% of 2025 reported net income, at the May AGM.
- •Results were in line with market expectations, signaling steady but moderating momentum.
Frequently Asked Questions about Euronext quarterly revenue rises about 10%, matches forecasts
1What is the main topic?
Euronext’s Q4 2025 results: revenue rose about 10% to €456.4m, broadly matching forecasts. Core profit increased 8.9% to €275m, reflecting steady performance.
2How did the results compare to expectations?
Revenue of €456.4m was essentially in line with a €457.1m forecast, and core profit of €275m matched expectations, indicating stable execution.
3What dividend did Euronext propose?
Euronext plans to propose a €321.5m dividend, equivalent to 50% of its 2025 reported net income, for approval at the annual general meeting in May.
