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Runs the stock exchanges in Paris, Amsterdam, Brussels, Dublin, Lisbon, Oslo and Milan plus clearing and settlement.
Runs the stock exchanges in Paris, Amsterdam, Brussels, Dublin, Lisbon, Oslo and Milan plus clearing and settlement.
Earns small fees on every trade, on listings, on clearing (guaranteeing trades) and on custody and settlement, plus subscriptions to market data, so volumes matter. It was spun off from NYSE Euronext in 2014 and grew by adding Dublin, Oslo and, in 2021, Borsa Italiana from the London Stock Exchange Group.
In one line: A pan-European Nasdaq/ICE combined.
Moat: wide (network effects, regulatory licence, scale). Deep, consolidated liquidity pools across 8 national exchanges are hard for new venues to replicate.
Headquarters: Amsterdam, Netherlands · Founded: 2000 · Employees: 3,105
Size Euronext (ENX.PA) is a France Financials company (Investment Banks/Brokers) with a market value of $18.8B, the 34th largest of 206 France companies the cockpit tracks. Shares closed at €170.00 on 6 Nov 2026.
Performance Over six months the shares gained 20.7%, against -4.4% for the median peer and -0.4% for the France market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 14.3% over the last twelve months (peer median +19.6%); the operating margin is 52.0% (peer median 38.6%).
Valuation It trades at 19.7× forward earnings against a peer median of 11.1× (6th most expensive of 21).
Credit Euronext has 5 bonds outstanding ($3.31B), rated A- by the agencies and trading like AA- at a weighted spread of 63 bp.
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.96B | €2.31B | €2.41B | €2.22B | €1.48B |
| Revenue growth | — | -4% | +9% | +50% | — |
| Gross profit | n/a | €2.13B | €2.24B | €2.06B | €1.33B |
| EBITDA | €1.23B | €1.63B | €1.79B | €1.61B | €827M |
| Net income | €705M | €643M | €586M | €514M | €438M |
| Free cash flow | €1.18B | €818M | €740M | €826M | €578M |
| Capital expenditure | €161M | €158M | €87.2M | €103M | €99.5M |
| Total debt | €3.03B | €3.44B | €3.12B | €3.09B | €3.08B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Euronext ENX.PA | $18.8B | +21% | +14% | 52% | 19.7× | n/a |
| Deutsche Boerse DB1.DE | $63.8B | +32% | +7% | 41% | 24.7× | n/a |
| London Stock Exchange LSEG.L | $60.9B | +1% | +6% | 26% | 19.6× | n/a |
| Nasdaq NDAQ | $59.4B | +21% | +12% | 31% | 23.4× | n/a |
| Intercontinental Exchange ICE | $96.3B | +11% | +14% | 47% | 20.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ENX.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.1% | +0.1% | 8th highest of 21 |
| 6-month return | +20.7% | -4.4% | 3rd highest of 21 |
| Distance from 52-week high | -4.8% | -21.4% | 3rd highest of 21 |
| Revenue growth (TTM) | +14.3% | +19.6% | 8th lowest of 21 |
| Operating margin | 52.0% | 38.6% | 7th highest of 21 |
| Forward P/E | 19.7× | 11.1× | 6th most expensive of 21 |
| Bond spread | 63 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Euronext ENX.PA | France | $18.8B | +21% | +14% | 52% | 19.7× | n/a | n/a |
| GF Securities 1776.HK | Hong Kong | $20.5B | -8% | +18% | 75% | 5.6× | n/a | n/a |
| Singapore Exchange S68.SI | Singapore | $17.2B | -2% | +14% | 57% | 27.0× | n/a | n/a |
| China International Capital 3908.HK | Hong Kong | $21.3B | -15% | -16% | 55% | 5.6× | n/a | n/a |
| BSE BSE.NS | India | $16.4B | -4% | +58% | 65% | 47.0× | n/a | n/a |
| China Galaxy Securities 601881.SS | China | $16.1B | -8% | -20% | 37% | 9.5× | n/a | n/a |
| Huatai Securities 6886.HK | Hong Kong | $22.5B | -12% | +123% | 30% | 5.8× | n/a | n/a |
| Meritz Financial 138040.KS | South Korea | $15.7B | +18% | +31% | 49% | 8.6× | n/a | n/a |
| Shenwan Hongyuan 000166.SZ | China | $15.5B | -8% | -26% | 31% | 10.9× | n/a | n/a |
| LPL Financial LPLA | United States | $23.0B | -3% | +31% | 13% | 10.5× | n/a | n/a |
| Daiwa Securities 8601.T | Japan | $14.0B | +11% | +18% | 17% | 10.8× | n/a | n/a |
| Futu Holdings Ltd. Sponsored ADR FUTU | United States | $13.7B | -32% | +44% | 69% | 6.8× | n/a | n/a |
| Japan Exchange 8697.T | Japan | $13.4B | +11% | +40% | 61% | 19.7× | n/a | n/a |
| Yuanta Financial Holding Co. Lt 2885.TW | Taiwan | $28.1B | +28% | +78% | 28% | 14.2× | n/a | n/a |
| TMX X.TO | Canada | $12.1B | +10% | +4% | 28% | 22.8× | n/a | n/a |
| Tradeweb Markets TW | United States | $29.7B | +17% | +14% | 44% | 27.9× | n/a | n/a |
| Freedom FRHC | United States | $11.4B | +28% | +8% | 29% | 39.7× | n/a | n/a |
| Evercore EVR | United States | $10.9B | -17% | +37% | 22% | 14.2× | n/a | n/a |
| Jefferies Financial JEF | United States | $10.9B | -11% | +26% | 41% | 11.3× | n/a | n/a |
| Houlihan Lokey HLI | United States | $10.1B | -5% | 0% | 20% | 18.0× | n/a | n/a |
| Orient Securities 3958.HK | Hong Kong | $10.1B | -13% | +21% | 40% | 5.9× | n/a | n/a |
Euronext has 5 bonds outstanding with $3.31B face value. The agencies rate it A-; its bonds trade like AA-. Weighted yield 3.78%, a spread of 63 bp over government bonds.