Singapore Exchange Limited

SGX:S68 Stock Report

Market Cap: S$18.5b

Singapore Exchange Past Earnings Performance

Past criteria checks 3/6

Singapore Exchange has been growing earnings at an average annual rate of 8.5%, while the Capital Markets industry saw earnings growing at 20.9% annually. Revenues have been growing at an average rate of 5.4% per year. Singapore Exchange's return on equity is 29.5%, and it has net margins of 47.3%.

Key information

8.50%

Earnings growth rate

8.51%

EPS growth rate

Capital Markets Industry Growth7.22%
Revenue growth rate5.41%
Return on equity29.46%
Net Margin47.28%
Last Earnings Update30 Jun 2025

Recent past performance updates

Recent updates

Singapore Exchange (SGX:S68) Is Increasing Its Dividend To SGD0.105

Oct 14
Singapore Exchange (SGX:S68) Is Increasing Its Dividend To SGD0.105

Singapore Exchange's (SGX:S68) Upcoming Dividend Will Be Larger Than Last Year's

Sep 30
Singapore Exchange's (SGX:S68) Upcoming Dividend Will Be Larger Than Last Year's

Does Singapore Exchange (SGX:S68) Deserve A Spot On Your Watchlist?

Sep 08
Does Singapore Exchange (SGX:S68) Deserve A Spot On Your Watchlist?

S$15.52 - That's What Analysts Think Singapore Exchange Limited (SGX:S68) Is Worth After These Results

Aug 11
S$15.52 - That's What Analysts Think Singapore Exchange Limited (SGX:S68) Is Worth After These Results

Singapore Exchange Limited's (SGX:S68) Price Is Out Of Tune With Earnings

Jun 01
Singapore Exchange Limited's (SGX:S68) Price Is Out Of Tune With Earnings

Here's Why We Think Singapore Exchange (SGX:S68) Is Well Worth Watching

May 02
Here's Why We Think Singapore Exchange (SGX:S68) Is Well Worth Watching
User avatar

Expanded Platforms And Offerings Will Attract More Clients In Future

Expansion of SGX's OTC FX platform and modern trading initiatives are set to boost revenue growth and diversify income streams.

There's Reason For Concern Over Singapore Exchange Limited's (SGX:S68) Price

Feb 07
There's Reason For Concern Over Singapore Exchange Limited's (SGX:S68) Price

Is Now The Time To Put Singapore Exchange (SGX:S68) On Your Watchlist?

Jan 10
Is Now The Time To Put Singapore Exchange (SGX:S68) On Your Watchlist?

Singapore Exchange's (SGX:S68) Dividend Will Be SGD0.09

Nov 01
Singapore Exchange's (SGX:S68) Dividend Will Be SGD0.09

Revenue & Expenses Breakdown

How Singapore Exchange makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

SGX:S68 Revenue, expenses and earnings (SGD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 251,3716484320
31 Mar 251,3466524300
31 Dec 241,3226564290
30 Sep 241,2776274250
30 Jun 241,2325984200
31 Mar 241,2235834160
31 Dec 231,2155684130
30 Sep 231,2055694070
30 Jun 231,1945714010
31 Mar 231,1725443920
31 Dec 221,1495173820
30 Sep 221,1244843740
30 Jun 221,0994513660
31 Mar 221,0784383660
31 Dec 211,0574243650
30 Sep 211,0564353590
30 Jun 211,0564453520
31 Mar 211,0674643460
31 Dec 201,0954983310
30 Sep 201,0664773250
30 Jun 201,0534723190
31 Mar 201,0224553760
31 Dec 199554173100
30 Sep 199494143750
30 Jun 199103913140
31 Mar 198753713220
31 Dec 188683723310
30 Sep 188493643390
30 Jun 188453633490
31 Mar 188393653410
31 Dec 178203473380
30 Sep 178143473340
30 Jun 178013403290
31 Mar 177913313270
31 Dec 167943373280
30 Sep 167893333260
30 Jun 168183493310
31 Mar 168353683280
31 Dec 158293673230
30 Sep 158293703210
30 Jun 157793493100
31 Mar 157363303010
31 Dec 147023172890

Quality Earnings: S68 has high quality earnings.

Growing Profit Margin: S68's current net profit margins (47.3%) are lower than last year (48.5%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: S68's earnings have grown by 8.5% per year over the past 5 years.

Accelerating Growth: S68's earnings growth over the past year (8.4%) is below its 5-year average (8.5% per year).

Earnings vs Industry: S68 earnings growth over the past year (8.4%) did not outperform the Capital Markets industry 8.4%.


Return on Equity

High ROE: S68's Return on Equity (29.5%) is considered high.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/15 10:19
End of Day Share Price 2025/10/15 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Singapore Exchange Limited is covered by 36 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anand SwaminathanBofA Global Research
David MakCGS International
Wee Kuang TayCGS International