Good investing includes thinking about where an investment could be in five years or ten years from now. As we've seen over time, the best-performing ASX shares over time are the ones that grow a lot more than what the market had given them credit for.
I'd suggest it's not the businesses growing revenue at 3% or 4% year that will deliver huge gains over the long-term. Instead, I'd look at businesses that are growing revenue at a good pace and can deliver rising profit margins.
With that in mind, I'm going to highlight two ASX share investments that I'm predicting will deliver significant earnings growth over the next ten years.
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Airtasker Ltd (ASX: ART)
Airtasker offers a platform where people can advertise tasks that need doing, while individuals and businesses (taskers) can offer to do the work.
Virtually any job you can think of can be advertised on the platform such as pest control, delivery, furniture assembly, removalists, photography, accounting and bookkeeping, various handyman jobs, plumbing and so on.
One of the things that appeals to me the most about the business is its incredibly high gross profit margin of above 90%. It means that virtually all of the revenue it generates can be turned into usable gross profit. In FY25, Airtasker marketplace revenue grew by 18.3%, which is a strong growth rate for the top line. In a decade, I think its revenue could be significantly higher.
The other thing that excites me about the ASX share is its progress in the UK and the US, which are two markets that are much larger than Australia. In FY25, UK revenue rose 111% and US revenue soared 422%. For now, the revenue from those two countries is a small part of the overall revenue base.
Betashares Global Cybersecurity ETF (ASX: HACK)
This is an exchange-traded fund (ETF) that allows Aussie investors to gain exposure to the global cybersecurity sector, with both leaders and emerging players.
The world has seen significant growth of cybercriminal activity in recent years as the bad guys become more sophisticated and use more advanced tactics.
There are a number of impressive businesses within the portfolio that perform an array of tasks for protecting users, companies and data from cybercrime. The biggest positions in the portfolio include Broadcom, Crowdstrike, Palo Alto Networks, Infosys, Cisco Systems, Thales, Cyberark, Fortinet, Check Point Software and Cloudflare.
I'm calling this fund an ASX share because we can buy it on the ASX.
In the coming years, I'm expecting more citizens of the world to take up digital banking, e-commerce, digital taxation lodgements, online education and work, lifting demand for cybersecurity around the world.
These businesses have collectively grown their profits significantly over the last several years, helping the HACK ETF deliver an average return per year of 18% since August 2016.
