Euronext Reports €136.9M in Trading Revenue for Q3 2024, with FX Up 27.6% YoY to €8.2M

Euronext, the leading pan-European market infrastructure, has published its financial results for the third quarter of 2024 (Q3 2024), delivering a strong performance.

In Q3 2024, Euronext’s revenue and income totaled €396.3 million, marking an increase of 10% compared to Q3 2023. This growth was driven by robust trading performance and post-trade activities, resulting from a dynamic trading environment for most asset classes and the positive contribution of the Euronext Clearing European expansion for cash instruments at the end of November 2023, as well as solid organic growth in non-volume related businesses. 

Trading revenue grew to €136.9 million, up 15.7%, fueled by record results in fixed income and FX trading, as well as solid growth in cash and power trading. Fixed income revenue reached another record at €37.0 million in Q3 2024, a 45.5% increase from Q3 2023. FX trading revenue rose 27.6% to a record €8.2 million in Q3 2024, reflecting growing volumes supported by a favourable volatility environment and increased market share. Power trading revenue also had a strong quarter, with revenue  €10.4 million in Q3 2024, up 21.0% from the previous year. Cash trading revenue climbed 6.1% to €68.3 million in Q3 2024, bolstered by efficient yield management and higher volumes. 

Euronext’s adjusted EBITDA for the quarter was €245.8 million, a 15.1% increase, with an adjusted EBITDA margin of 62.0%. Adjusted net income stood at €180.8 million, up 23.4%, and adjusted EPS was €1.74, up 26.1%, positively impacted by high results from equity investments.

Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said: “Thanks to our strong performance, we reached our “Growth for Impact 2024” financial targets a full quarter in advance. Euronext is now present on the entire trading value chain, from pre-listing to post trade and solutions. We are perfectly positioned to accelerate growth, through innovation and efficiency. Our integrated clearing capabilities enable us to bring a set of innovative products to the market, some of which are already live. Alongside these organic initiatives, we continued to strengthen our non-volume related business with strategic bolt-on acquisitions.”