Euronext's Rising Revenue But Falling Profits Might Change The Case For Investing In Euronext (ENXTPA:ENX)

• Euronext N.V. reported its third quarter 2025 results, with sales rising to €438 million and net income totaling €149.7 million, compared to €395.8 million in sales and €159.5 million in net income for the prior-year period.
• Although revenue increased, the company experienced a decrease in net income and earnings per share, highlighting challenges in translating top-line growth into higher profitability.
• We'll explore how Euronext's higher revenue but lower earnings informs the company's investment narrative and its future outlook.

Find companies with promising cash flow potential yet trading below their fair value.

Euronext Investment Narrative Recap

Euronext attracts shareholders who believe in the sustained shift of European savings into capital markets and the resilience of its diversified, recurring revenue streams. The Q3 2025 results, stronger revenue but weaker net income, do not materially alter the company’s near-term catalyst, which remains the integration and performance uplift from recent acquisitions; however, a sustained decline in earnings could sharpen focus on margin pressures as the key risk for Euronext right now.

Among recent announcements, Euronext’s July 2025 agreement to acquire the Athens Stock Exchange stands out. This move directly relates to the ongoing consolidation and expansion catalyst, supporting potential long-term revenue and synergy opportunities even as the latest quarterly results highlight the challenge of maintaining profit growth during periods of integration and elevated costs.

In contrast, investors should consider how pressures on transaction-based revenues amid market normalization are shaping...

Read the full narrative on Euronext (it's free!)

Euronext's narrative projects €2.0 billion revenue and €758.1 million earnings by 2028. This requires 4.8% yearly revenue growth and a €105.4 million earnings increase from the current €652.7 million.

Uncover how Euronext's forecasts yield a €145.38 fair value, a 15% upside to its current price.

Exploring Other Perspectives

Five members of the Simply Wall St Community place Euronext’s fair value between €99.81 and €145.38, revealing broad divergence. While opinions differ, margin pressures remain front of mind for many given recent earnings trends, take the opportunity to compare these views before forming your own.

Explore 5 other fair value estimates on Euronext - why the stock might be worth 21% less than the current price!

Build Your Own Euronext Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Euronext research is our analysis highlighting 4 key rewards that could impact your investment decision.
• Our free Euronext research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Euronext's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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