Core Insights - Euronext announced trading volumes for February 2026, highlighting its position as a leading European capital market infrastructure [1] Company Overview - Euronext operates across the entire capital markets value chain, including listing, trading, clearing, settlement, and custody services [2] - The company runs MTS, a prominent electronic fixed income trading market, and Nord Pool, the European power market [2] - Euronext acquired a majority stake in the Athens Stock Exchange in November 2025, enhancing its pan-European presence and integrated market infrastructure [2] Market Position - As of February 2026, Euronext's regulated exchanges host over 1,800 listed issuers with a total market capitalization of €7 trillion [3] - Euronext is recognized as the largest global center for debt and fund listings, handling 29% of European lit equity trading [3] - The company offers a diverse range of products, including equities, FX, ETFs, bonds, derivatives, commodities, and indices [3]

Core Insights - Euronext has appointed Judith Stein as the new Head of Investor Relations, responsible for the company's investor relations strategy and financial communication with the market [1][2]. Company Overview - Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, including listing, trading, clearing, settlement, and custody [5]. - As of December 2025, Euronext's regulated exchanges host over 1,700 listed issuers with a market capitalization of €6.7 trillion, making it a significant player in European equity trading [6]. - Euronext has a diverse product offering, including equities, FX, ETFs, bonds, derivatives, commodities, and indices [6]. Recent Developments - In November 2025, Euronext acquired a majority stake in the Athens Stock Exchange (ATHEX), enhancing its pan-European market infrastructure [7].

Core Insights - Euronext achieved double-digit growth in 2025, with underlying revenue and income increasing by 12.1% to €1,823.2 million, driven by non-volume-related businesses and resilient trading performance [2][14][24] - The company plans to accelerate the execution of its strategic initiatives in 2026, including diversifying its commodities franchise and enhancing its European capital market infrastructure [8][10][11] Financial Performance - Full year 2025 underlying revenue and income rose to €1,823.2 million, a 12.1% increase from 2024, with non-volume-related revenue accounting for 59% of total revenue [3][16] - Adjusted EBITDA for 2025 was €1,143.1 million, up 13.6%, with an adjusted EBITDA margin of 62.7%, reflecting disciplined cost management [4][19] - Reported net income increased by 9.8% to €642.9 million, resulting in a reported EPS of €6.34 [24][25] Revenue Breakdown - Securities Services revenue grew to €330.7 million, a 6.9% increase, driven by strong growth in custody and settlement services [4][13] - Capital Markets and Data Solutions revenue reached €669.3 million, up 12.1%, supported by contributions from Admincontrol and Advanced Data Solutions [4][30] - FICC Markets revenue increased by 16.2% to €342.8 million, while Equity Markets revenue grew by 11.7% to €410.0 million, reflecting robust trading activity [4][36] Cost Management - Underlying operating expenses (excluding D&A) were €680.1 million, a 9.6% increase, aligning with revised guidance [6][17] - Euronext expects stable underlying expenses for 2026 at around €720 million, with additional costs from acquisitions and strategic growth investments [7] Strategic Initiatives - Euronext made significant progress in its "Innovate for Growth 2027" strategic plan, including the acquisition of Admincontrol and the establishment of an integrated ETF market in Europe [9][11] - The company plans to enhance its European CSD model and expand its retail offerings, aiming to improve liquidity and access across European markets [53][54] Dividend Proposal - A dividend of €321.5 million will be proposed at the 2026 Annual General Meeting, representing 50% of 2025 reported net income, marking a 9.8% increase from 2024 [5]

Core Insights - Euronext announced trading volumes for January 2026, highlighting its position as a leading European capital market infrastructure [1] Company Overview - Euronext operates across the entire capital markets value chain, including listing, trading, clearing, settlement, and custody services [2] - The company runs MTS, a prominent electronic fixed income trading market, and Nord Pool, the European power market [2] Market Position - As of December 2025, Euronext's regulated exchanges host over 1,700 listed issuers with a total market capitalization of €6.7 trillion, making it a significant player in global debt and fund listings [3] - Euronext accounts for 25% of European lit equity trading, offering a diverse range of products including equities, FX, ETFs, bonds, derivatives, commodities, and indices [3] Recent Developments - In November 2025, Euronext acquired a majority stake in the Athens Stock Exchange (ATHEX), enhancing its pan-European market infrastructure [4]

Core Viewpoint - Euronext has successfully completed a €250 million share repurchase program, repurchasing approximately 1.90% of its share capital at an average price of €127.03 per share [1][2]. Group 1: Share Repurchase Program Details - The share repurchase program was executed from November 18, 2025, to January 27, 2026, totaling 1,967,993 shares [1]. - The program was conducted in compliance with applicable regulations, including the Market Abuse Regulation and was authorized by the General Meeting of Shareholders on May 15, 2025 [2]. Group 2: Future Actions - During the 2026 Annual General Meeting scheduled for May 20, 2026, the Managing Board will seek authorization to confirm the cancellation of the repurchased shares [3]. Group 3: Company Overview - Euronext is a leading European capital market infrastructure, covering the entire capital markets value chain, including listing, trading, clearing, and settlement [5]. - As of September 2025, Euronext's regulated exchanges host over 1,700 listed issuers with a market capitalization of €6.5 trillion, handling 25% of European lit equity trading [6]. - In November 2025, Euronext acquired a majority stake in the Athens Stock Exchange, further expanding its market presence [7].

Core Viewpoint - Revolut is applying for a banking license in Peru to establish a full digital bank, aiming to enhance its growth in Latin America and target underbanked users with multi-currency services [1][2]. Group 1: Licensing and Regulatory Process - The company has submitted an application to Peru's SBS for a banking license, which may take months for approval as regulators assess capital, risk, and governance [2]. - Once licensed, Revolut plans to offer banking products such as deposits and loans in Peruvian Soles and foreign currencies [2]. Group 2: Market Expansion Strategy - Peru is the latest addition to Revolut's Latin American expansion, following previous entries into Brazil, Mexico, Colombia, and Argentina [3]. - The company has not disclosed a specific launch date for its services in Peru, emphasizing that the licensing process could take several months [3]. Group 3: Target Market and Services - Revolut aims to attract nearly 1 million Peruvians who receive remittances from abroad, leveraging its expertise in multi-currency and international transfers to provide lower-cost, app-based solutions [3]. - The company intends to bundle services such as payments, foreign exchange, savings, and cryptocurrency to challenge existing banks and enhance user experience in Peru [6]. Group 4: Global Growth and Valuation - The application for a banking license in Peru is part of Revolut's broader strategy to reach approximately 100 million customers and scale revenues in the coming years [5]. - The fintech is currently valued at $75 billion and is focusing on high-growth markets while securing local regulatory approvals [5].

Core Insights - Euronext announced trading volumes for December 2025, highlighting its position as a leading European capital market infrastructure [1] Company Overview - Euronext operates across the entire capital markets value chain, including listing, trading, clearing, settlement, and custody services [2] - The company runs MTS, a prominent electronic fixed income trading market, and Nord Pool, the European power market [2] Market Position - As of September 2025, Euronext's regulated exchanges host over 1,700 listed issuers with a total market capitalization of €6.5 trillion, making it a significant player in debt and fund listings globally [3] - Euronext accounts for 25% of European lit equity trading, offering a diverse range of products including equities, FX, ETFs, bonds, derivatives, commodities, and indices [3] Recent Developments - In November 2025, Euronext acquired a majority stake in the Athens Stock Exchange (ATHEX), enhancing its pan-European market infrastructure [4]

Core Insights - Euronext announced the results of the annual review for the PSI® index, effective from December 22, 2025, with no changes in the index composition for the December 2025 quarterly review [1][2]. Company Overview - Euronext operates as a leading European capital market infrastructure, covering the entire capital markets value chain, including listing, trading, clearing, settlement, and custody [4]. - As of September 2025, Euronext's regulated exchanges host over 1,700 listed issuers with a total market capitalization of €6.5 trillion, making it a significant player in European equity trading, handling 25% of European lit equity trading [5]. Recent Developments - In November 2025, Euronext successfully acquired a majority stake in the Athens Stock Exchange (ATHEX), enhancing its pan-European market infrastructure [6].

Core Insights - Euronext announced trading volumes for November 2025, highlighting its position as a leading European capital market infrastructure [1] Group 1: Company Overview - Euronext operates across the entire capital markets value chain, including listing, trading, clearing, settlement, and custody services [2] - The company runs MTS, a prominent electronic fixed income trading market, and Nord Pool, the European power market [2] - Euronext provides clearing and settlement services through Euronext Clearing and its CSDs in Denmark, Italy, Norway, and Portugal [2] Group 2: Market Position - As of September 2025, Euronext's regulated exchanges host over 1,700 listed issuers with a total market capitalization of €6.5 trillion, making it a significant player in global debt and fund listings [3] - Euronext accounts for 25% of European lit equity trading, offering a diverse range of products including equities, FX, ETFs, bonds, derivatives, commodities, and indices [3] Group 3: Recent Developments - In November 2025, Euronext successfully acquired a majority stake in the Athens Stock Exchange (ATHEX), enhancing its pan-European market infrastructure [4]

Core Insights - The current outage highlights the dominance of the CME platform, affecting a wide range of assets including U.S. government bonds, commodities, and equities [1] - This outage has already exceeded the duration of a similar incident in 2019, indicating a significant disruption in trading activities [2] - Previous outages have led to regulatory fines due to trading disruptions, and the potential for similar consequences remains to be seen [2] Industry Impact - Brokers and traders are struggling to navigate the market due to the missing trading functionalities, reflecting the critical role of the CME platform in the financial ecosystem [1] - The ongoing situation is causing uncertainty in the market, with stakeholders awaiting pre-opening notifications to assess the impact [2]