Euronext Sees 58.8% Jump in Revenue in Q1 2022

Euronext, the leading pan-European market infrastructure, has published its financial results for the first quarter of 2022, revealing a strong performance in all metrics.

More specifically, Euronext's revenue and income reached €395.7 million, up 58.8% from the last year's €146.6 million. Trading revenue for the quarter rose to €150.8 million with cash trading revenue at €94.0 million and fixed income trading revenue at €24.4 million.

Adjusted EBITDA stood at €252.2 million, 11.4% higher than the previous year. Adjusted EBITDA margin came in at 63.7%. Reported net income, share of the parent company shareholders, reached €143.8 million, up 46.5% on a YoY basis. Moreover, adjusted EPS grew 7.3% to €1.54. 

Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, commented, "During this first quarter of 2022, which was marked in Europe by the Russian invasion of Ukraine, Euronext's business model remained resilient. Euronext delivered double-digit adjusted EBITDA pro forma growth at +11.4%, thanks to growth in trading and non-trading activities, combined with continued cost discipline and synergies related to the Borsa Italiana Group acquisition.

Including the consolidation of the Borsa Italiana Group, Euronext delivered more than 50% growth year on year in reported revenue, adjusted EBITDA and adjusted net income."