Tel Aviv Stock Exchange posts surge in revenue and profit as market activity accelerates
The exchange’s revenue climbed 36% to NIS 185 million, while adjusted EBITDA jumped 60% amid increased trading and clearing activity.
The Tel Aviv Stock Exchange (TASE) ended the second quarter of 2026 with strong growth in revenue and profit, driven by increased activity in clearing services, trading fees, and clearing fees. At the same time, the exchange continued to implement its strategic plan and advance initiatives aimed at expanding market activity.
TASE’s revenue in the second quarter totaled NIS 185.4 million, representing a 36% increase compared with NIS 136.1 million in the corresponding quarter last year. The growth was primarily driven by higher revenue from clearing services and trading and clearing fees.
Revenue from trading and clearing activity is influenced, among other factors, by the number of trading days. During the second quarter of 2026, there were 57 trading days, compared with 60 trading days in the corresponding period last year.
Net profit for the quarter reached NIS 78.9 million, an 81% increase compared with NIS 43.6 million in the second quarter of 2025.
Adjusted EBITDA totaled NIS 114.5 million, up 60% from NIS 71.6 million in the corresponding quarter. Adjusted net profit amounted to NIS 80.8 million, an increase of 82% compared with NIS 44.4 million in the same period last year.
TASE’s operating expenses totaled NIS 88.4 million in the second quarter, an increase of 10% compared with NIS 80.7 million in the corresponding quarter. The increase was mainly attributed to higher employee benefit expenses, share-based compensation, and operating costs.
Net financing income totaled NIS 4.1 million, up 239% from NIS 1.2 million in the second quarter of 2025. The increase was primarily due to higher margins on marketable securities, lower interest expenses on loans, and reduced impact from changes in the shekel-dollar exchange rate.
Tax expenses totaled NIS 22.1 million, an increase of 70% compared with NIS 13 million in the corresponding quarter, reflecting the increase in profit before tax.
The TASE board of directors also approved a plan to repurchase up to NIS 150 million worth of the exchange’s shares, with the buyback expected to be completed by the end of 2026.
