Finance
Euronext tops sixth consecutive growth quarter with buyback
Published by Global Banking & Finance Review®
Posted on November 6, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 6, 2025
2 min readLast updated: January 21, 2026
Euronext reports a sixth growth quarter, aided by a €250M buyback. Non-volume activities now account for 60% of revenue, with EBITDA rising 12%.
By Jakob Van Calster and Mateusz Rabiega
(Reuters) -The pan-European exchange group Euronext on Thursday
reported third-quarter adjusted core profit which beat market expectations, helped by rising revenue and cost savings.
The company also announced a 250 million euro ($292 million) buyback.
WHY IT'S IMPORTANT
The company continues to offset its dependency on equity trading, whose volatility led to a bumper crop in the first half of the year, but whose revenue streams have since come down.
As the company is wrapping up its most profitable year in history it said that 60% of its total revenue now comes from non-volume related activities.
KEY QUOTES
"Euronext is not a proxy of equity volumes, anymore." CEO Stéphane Boujnah told Reuters.
BY THE NUMBERS
Euronext's adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 12% on the year to nearly 277 million euros, compared to almost 270 million forecast by analysts polled by the company.
The announced buyback will run from November 18 until March 31 at latest.
CONTEXT
The company boasted consequent record revenues in the first two quarters of the year, as rising trading volumes offset an IPO drought, and aided its efforts to consolidate European markets.
Boujnah welcomed German Chancellor Friedrich Merz's call for a European stock exchange, recently revived after decades of discussion after among others by the Draghi report.
He said he has "high hopes and high confidence" for a European Commission December proposal for an SEC-style supervisor, arguing it could help unlock the trillions of euros Europeans hold in savings.
($1 = 0.8575 euros)
(Reporting by Mateusz Rabiega; Editing by Matt Scuffham)
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure used to analyze a company's operating performance and profitability without the effects of financing and accounting decisions.
A buyback, or share repurchase, is when a company buys back its own shares from the marketplace. This can reduce the number of outstanding shares, potentially increasing the value of remaining shares.
Equity trading involves the buying and selling of shares in a company. It is a way for investors to gain ownership in a company and participate in its financial performance.
Non-volume related activities refer to revenue streams that do not depend on the amount of trading volume, such as fees from services or subscriptions, providing more stability to a company's income.
Market expectation refers to the anticipated performance of a company or financial market based on analysis, trends, and economic indicators. It can influence investor behavior and stock prices.
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