Investing.com -- On Wednesday, Euronext (EPA: ENX ) reported a 14.1% year-on-year increase in first-quarter revenue and income to €458.5 million.
The revenue increase was driven by record fixed income trading and clearing activity, strong equity markets, and growing non-volume-related income.
The pan-European exchange operator said that 57% of its revenue came from non-volume-related sources, such as securities services and data solutions, which covered 158% of underlying operating expenses, excluding depreciation and amortization.
Securities services revenue rose 6.8% to €83.4 million, while capital markets and data solutions revenue climbed 6.6% to €157.4 million.
Revenue from FICC markets jumped 25.1% to €90.7 million, reflecting "exceptional market volatility" and a record performance in trading and clearing.
Equity markets revenue rose 18% to €108.4 million.
Adjusted EBITDA grew 17% to €294.1 million, with a margin of 64.1%. Adjusted net income increased 11.8% to €183.5 million, while reported net income rose 17.9% to €164.8 million.
“In the first quarter of 2025, Euronext has delivered a remarkable performance,” said CEO Stéphane Boujnah. He highlighted “exceptional volatility across trading and clearing activities” and early results from the group’s “Innovate for Growth 2027” strategy.
Euronext also highlighted the May acquisition of governance software firm Admincontrol, which Boujnah said “reinforces Euronext’s subscription-based revenue” and supports growth in the Nordics.