Euronext Sees 14% YoY Decrease in Revenue and Income for Q3 2022

Euronext, the largest stock exchange in Europe has released its results for the third quarter 2022 (Q3 2022), showing a 14% decrease in revenue and income.

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• In Q3 2022, Euronext's revenue and income came in at €301.4 million, a decrease of 14% compared to €350.6 million in Q3 2021.

• Trading revenue for the quarter was €117.8 million, down 5.2% from  €124.2 million on a yearly basis. Cash trading revenue was €63.7 million, fell 10.2% compared to last Q3's €75 million, while FX trading revenue grew to €7.3 million, an increase of 30.1% compared to €5.6 million in Q3 2021.

• Post-trade revenue (excluding NTI) reached €86.2 million, increasing 3.7% on a YoY basis. Clearing revenue increased to €29.1 million, up 5.5% from €27.5 million in the same period of last year. Custody and Settlement revenue was €57.1 million, up 2.8% from €55.6 million in last Q3.

• Listing revenue grew to €54.0 million, increasing 6.3% compared to €50.8 million in Q3 2021. Euronext recorded 18 new equity listings in Q3 2022. Four new companies joined the new Euronext Tech Leaders segment following its launch in June 2022.

• Advanced Data Services revenue was €53.0 million, rising 6.3% compared to €49.8 million in Q3 2021.

• Adjusted EBITDA decreased from €209.1 million to €199.9 million, down 4.4% on a YoY basis. Adjusted EBITDA margin was at 57.1%, felling 2.6pts. 

• Adjusted operating profit decreased 3.9% to €183.9 million, the data of Q3 2021 was €191.3 million.

• Adjusted net income, share of the parent company shareholders, reached €129.5 million, down 5.5% compared to €137.0 million in Q3 2021.

• Adjusted EPS was €1.21, decreasing 3.2% from last Q3's €1.25.