Euronext beats Q3 profit forecasts and unveils €350 million share buyback

what happened

Exchange operator Euronext has announced a €350 million ($394.13 million) share repurchase plan after posting third-quarter results above analyst expectations, Reuters reported. Adjusted EBITDA climbed 31.6% to €364.2 million, comfortably ahead of the €343.9 million consensus compiled by the company itself.

Revenue rose almost 25% to €547.4 million, and non-trading income made up 55% of the total versus 58% in the previous quarter. Fixed-income, currencies and commodities revenue jumped 48.1% to €121.3 million, while equity trading revenue gained 33% to €124.6 million, helped by lasting market turbulence, a solid showing from the Athens exchange and ETF growth.

Chief executive Stéphane Boujnah said he expects volatility to persist into next year as several major European democracies hold elections. The group also trimmed its 2026 full-year guidance for underlying operating expenses, excluding depreciation and amortisation, to €760 million. Exchange rate: $1 = 0.8880 euros.

why it matters

For markets, the key signal is the combination of faster profit growth and a €350 million buyback, which points to busy trading across Europe and supports demand for the shares. Expectations of lasting volatility also matter for exchange operators more broadly. The lower cost outlook suggests tight expense control.

market impact

Euronext shares: results above forecasts and the buyback support the stock

• ▲Euronext shares pressure up — results above forecasts and a €350 million buyback add demand

tags

instruments