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Euronext Reports Over €400M Total Revenue for Q1 2024, with FX Revenue Up 12.7%

2024-05-15 Brokersview

Euronext, Europe's largest stock exchange, has published its financial results for the first quarter of 2024 (Q1 2024), reporting a total revenue and income of €401.9 million for the period, an increase of 8% compared to €372.3 million in the same period last year.


In the first quarter of 2024, Euronext's listing revenue amounted to €57.7 million, up 5.5% year-on-year (YoY) compared to €54.7 million in the first quarter of 2023. Trading revenue reached €138.4 million, up 7.4% compared to €128.9 million in the first quarter of last year. Advanced data services revenue increased to €59.4 million, up 5.5% from €56.3 million in the same period in 2023. Post-trade revenue was €104.8 million, up 11.5% from €94.0 million in the same period last year.


Specifically, cash trading revenue fell by 1.6% from €71.7 million in Q1 2023 to €70.6 million in Q1 2024. Derivatives trading revenue fell by 10.2% YoY from €14.9 million to €13.4 million. However, fixed-income trading revenue increased significantly by 34.5%, from €26.2 million to €35.2 million. Forex trading revenue also increased by 12.7%, from €6.3 million to €7.1 million. In addition, power trading revenue increased by 23.7%, jumping from €9.8 million to €12.2 million.


Adjusted operating profit amounted to €232.3 million in Q1 2024, showing a significant jump of 51.3% compared to €131.3 million in the same quarter of the previous year. Profit before income tax for the quarter experienced a substantial increase of 50.3%, rising from €135.2 million to €203.3 million on a yearly basis.


Adjusted net income for Q1 2024 registered €164.2 million, displaying an 11.7% increase compared to €147.1 million in Q1 2023. The adjusted earnings per share (EPS) stood at €1.58, representing a 15.0% increase compared to €1.38 in the same quarter last year.