Euronext Announces Unprecedented Profit Upsurge in Revenue and Earnings
Euronext Strengthens Position in European Markets with Key Acquisitions and Partnerships
In Q2 2025, Euronext, the leading pan-European exchange, made significant strides in expanding its business through strategic acquisitions and partnerships.
The exchange received regulatory approval for acquiring Nasdaq Nordic's power futures business on June 4, 2025. With all approvals now granted, an upcoming migration of clearing is expected in Q1 2026. This acquisition is expected to enhance Euronext's footprint in the Nordics and in the power business [1][5].
On May 13, 2025, Euronext completed the acquisition of Admincontrol, a leading provider of corporate governance solutions in the Nordics and the UK. This move is aimed at strengthening Euronext's development in the Nordics and in the UK [3][5].
In terms of partnerships, Euronext entered into a collaboration with Clearstream on June 16, 2025. Under this partnership, Clearstream will act as a triparty agent, providing automated, flexible, and streamlined collateral management solutions for Euronext Clearing across repo and other asset classes. The go-live for this partnership is planned for November 2025 [1][5].
These strategic moves are reflective of Euronext’s efforts to expand clearing services, improve operational efficiencies, and strengthen market positions in power derivatives and collateral management [1][3][5].
In the financial quarter, Euronext recorded impressive growth across various metrics. The exchange reported average daily cash trading volumes of €13.4 billion, up +21.2% compared to Q2 2024. FICC Markets revenue grew to €87.7 million (+20.1%), while Securities Services revenues grew to €86.2 million (+6.5%) [2].
Euronext's Q2 2025 revenue and income was up +12.8% to €465.8 million. Adjusted net income was €204.4 million (+23.8%) and adjusted EPS was €2.02 (+27.0%) [4]. Net debt to adjusted EBITDA was at 1.8x at the end of June 2025 [6].
Euronext also announced the launch of its initiative to expand access, improve collateral usage, and position Euronext as a leading Central Counterparty (CCP) for European repo markets [7]. The exchange also launched the first phase of a multi-year strategy to deliver a fully integrated, pan-European clearing model in July 2025 [8].
Moreover, Euronext successfully completed the migration of the Italian derivatives and cash equity markets to its Core Clearing System. The exchange also announced the submission of a voluntary share exchange offer to acquire all shares of HELLENIC EXCHANGES-ATHEX STOCK EXCHANGE S.A. ("ATHEX") on 31 July 2025 [9][10].
In summary, Euronext's Q2 2025 was marked by significant growth and strategic expansion. The exchange's focus on strengthening its business, improving operational efficiencies, and expanding clearing services is expected to position Euronext as a leading player in European markets.
[1] https://www.euronext.com/en/about-euronext/press-releases/2025/06/euronext-and-clearstream-announce-partnership-to-advance-the-development-of-euronext-clearing-s-collateral-management-services-across-repo-and-other-asset-classes [2] https://www.euronext.com/en/about-euronext/financial-results/2025/q2 [3] https://www.euronext.com/en/about-euronext/press-releases/2025/05/euronext-strengthens-its-development-in-the-nordics-and-in-the-uk-with-the-acquisition-of-admincontrol-on-13-may-2025 [4] https://www.euronext.com/en/about-euronext/financial-results/2025/q2 [5] https://www.euronext.com/en/about-euronext/press-releases/2025/06/euronext-receives-regulatory-approval-for-the-acquisition-of-nasdaq-nordic-s-power-futures-business [6] https://www.euronext.com/en/about-euronext/financial-results/2025/q2 [7] https://www.euronext.com/en/about-euronext/press-releases/2025/07/euronext-launches-the-first-phase-of-a-multi-year-strategy-to-deliver-a-fully-integrated-pan-european-clearing-model [8] https://www.euronext.com/en/about-euronext/press-releases/2025/07/euronext-announces-the-launch-of-its-initiative-to-expand-access-improve-collateral-usage-and-position-euronext-as-a-leading-central-counterparty-ccp-for-european-repo-markets [9] https://www.euronext.com/en/about-euronext/press-releases/2025/07/euronext-announces-the-submission-of-a-voluntary-share-exchange-offer-to-acquire-all-shares-of-hellenic-exchanges-athex-stock-exchange-s-a-athex [10] https://www.euronext.com/en/about-euronext/press-releases/2025/07/euronext-completes-the-migration-of-the-italian-derivatives-and-cash-equity-markets-to-its-core-clearing-system [11] https://www.euronext.com/en/about-euronext/press-releases/2025/07/euronext-announces-the-submission-of-a-voluntary-share-exchange-offer-to-acquire-all-shares-of-hellenic-exchanges-athex-stock-exchange-s-a-athex-on-31-july-2025
Euronext is positioning itself as a leading player in European markets by expanding its power derivatives business, as evidenced by the acquisition of Nasdaq Nordic's power futures business in Q2 2025 [5]. The exchange expects this deal to enhance its footprint in the Nordics.
The exchange is also focusing on improving collateral management, as demonstrated by the partnership with Clearstream, which will provide automated, flexible, and streamlined solutions for Euronext Clearing across repo and other asset classes [1].
The efforts to expand clearing services and strengthen market positions extend to fixed income markets, as Euronext launched an initiative to expand access, improve collateral usage, and position itself as a leading Central Counterparty (CCP) for European repo markets [7].
In addition, Euronext is aiming to boost its business in equities, with the acquisition of Admincontrol, a leading provider of corporate governance solutions in the Nordics and the UK [3]. This move is expected to strengthen Euronext's development in the Nordics and in the UK.
