NZX Limited (NZE:NZX)

NZX Limited Financials Overview

Financials in millions NZD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	137.96	128.95	120.12	108.39	95.73	87.96
Revenue Growth	6.99%	7.35%	10.83%	13.23%	8.83%	12.15%
Gross Profit Gross Profit Growth	57.54	54.98	49.14	41.65	38.02	37.17
Operating Income Operating Income Growth	36.18	34.3	29.65	23.22	22.75	25.38
Net Income Net Income Growth	22.98	21.48	25.03	13.55	14.16	15.02
Earnings Per Share EPS Growth	0.07	0.06	0.08	0.04	0.04	0.05
EPS Growth	7.32%	-14.68%	80.00%	-6.67%	-15.09%	-15.87%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Markets Origination Capital Markets Origination Growth	16.93	16.59	16.38	16.05	16.97	15.82
Secondary Markets Secondary Markets Growth	23.84	23.92	25.99	25.13	25.35	27.75
Information Services Information Services Growth	21.91	20.2	19.91	19.72	19.35	17.45
Funds Management (Smart) Funds Management (Smart) Growth	63.59	51.92	44.01	36.96	24.49	18.84
Wealth Technologies Wealth Technologies Growth	13.67	12.22	9.73	6.82	5.99	4.4
Corporate Services Corporate Services Growth	0.63	0.08	0.1	0.08	0.06	0.09
Regulation (NZ RegCo) Regulation (NZ RegCo) Growth	4.28	4.02	4	3.64	3.53	3.62

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	15.14	32.06	28.83	24.67	20.61	29.06
Total Debt Total Debt Growth	73.53	81.16	81.19	82.32	60.71	52.52
Net Cash (Debt) Net Cash Growth	-58.39	-49.1	-52.37	-57.65	-40.1	-23.46
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-0.18	-0.15	-0.16	-0.18	-0.13	-0.08

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	44.25	39.49	35.89	34.44	23.44	27.39
Capital Expenditures CapEx Growth	-0.8	-0.55	-2.78	-0.99	-5.1	-5.47
Free Cash Flow Free Cash Flow Growth	43.45	38.94	33.11	33.45	18.34	21.92
Free Cash Flow Growth	11.57%	17.61%	-1.01%	82.38%	-16.33%	-28.72%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	41.71%	42.63%	40.90%	38.43%	39.72%	42.26%
Operating Margin	26.23%	26.60%	24.68%	21.42%	23.76%	28.85%
Pretax Margin	22.94%	22.73%	27.28%	17.72%	20.39%	24.30%
Profit Margin	16.66%	16.65%	20.84%	12.50%	14.79%	17.07%
FCF Margin	31.49%	30.20%	27.56%	30.86%	19.16%	24.92%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 4, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.063	0.063	0.061	0.061	0.061	0.061
Dividend Per Share Growth	6.56%	3.28%	0%	0%	0%	0%
Dividend Yield	4.34%	4.16%	4.51%	6.44%	6.17%	4.43%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 4, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	21.96	23.87	19.07	26.07	26.89	33.84
Forward PE	19.51	22.38	24.75	22.61	22.08	26.90
P/FCF Ratio	11.52	13.16	14.42	10.57	20.76	23.18
PS Ratio	3.63	3.98	3.98	3.26	3.98	5.78

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Semi-annually

Last checked:

Sep 4, 2026

Data Sources Report a data error