Euronext has posted positive full year earnings, achieving double digit revenue growth which it attributed to a diversified revenue profile.
Stephane Boujnah
The trading venue saw full year revenue and income up 10% from 2023, totalling €1,627 billion.
Overall trading revenue contributed towards this, growing 14% year-on-year to €559 million, driven by strong results within its fixed income and FX divisions, as well as solid growth in cash trading revenue.
Fixed income trading saw the largest year-on-year gains, up 36% and totalling €146 million compared to €107 million in 2023.
The venue also posted positive results in FX trading revenues, which were up by 24%, reaching €32 million in the full year of 2024 compared to €25 million in 2023.
Strong FX trading revenues were tied to a favourable volatility environment, Euronext stated.
In a similar vein, cash trading revenues were up 7%, totalling €284 million in 2024, when compared to €265 million in 2023.
Read more: Positive revenues from Euronext trading segments sees overall revenue rise year-on-year
However, offsetting the gains in trading revenues was derivatives trading, which saw a 2% decline year-on-year from €54 million to €53 million.
Euronext attributed declines in derivatives trading revenues to the continuing trend of lower volatility for equity and index derivatives, offset by dynamic commodity trading.
Elsewhere, within Euronext’s post-trade business, total revenues were up 12%, achieving €415 million.
Clearing revenue also saw positive figures, growing 19% to €144 million, which the venue attributed to the European expansion of Euronext Clearing, as well as dynamic fixed income activity.
“In 2024, we delivered double-digit topline growth thanks to the solid performance of non-volume related activities, excellent performance of FICC trading, and the successful clearing expansion in Europe,” said Stéphane Boujnah, chief executive and chair of the managing board of Euronext.
“[…] In 2025, we are building the foundations to achieve our 2027 growth targets and we are investing to innovate for growth.”