The ASX Ltd (ASX: ASX) share price is in focus after the company reported operating revenue of $1.25 billion, up 13.3%, and an underlying NPAT of $536.4 million, rising 5.2% for FY26.
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What did ASX Ltd report?
- Operating revenue increased 13.3% to $1.25 billion
- Statutory NPAT fell 3.5% to $484.9 million
- Underlying NPAT rose 5.2% to $536.4 million
- Total expenses climbed 21.1% to $557.4 million
- Final dividend per share of 104.7 cents, up 2.8% on 1H26
- Fully franked total dividend for FY26 of 206.5 cents per share (down 7.5%)
What else do investors need to know?
ASX achieved strong revenue growth across all four business units, with particular strength in cash market trading and futures. The successful launch of CHESS Release 1 marked a significant milestone, modernising Australia's post-trade infrastructure to handle greater trading volumes.
The company faced higher expenses, primarily driven by investments in technology upgrades, ongoing implementation of the Accelerate program, and one-off costs from the ASIC Inquiry. Despite this, expense growth was kept below the midpoint of revised guidance.
What did ASX Ltd management say?
ASX Interim CEO Darren Yip said:
It has been a highly consequential year for ASX in FY26. In the past 12 months we navigated significant external scrutiny, while continuing to operate critical market infrastructure through an exceptionally active and volatile period for markets. Against that backdrop, we continued to modernise our technology, introduce new products and serve our customers.
What's next for ASX Ltd?
Looking ahead, ASX expects total expense growth of 18% to 21% in FY27, with continued investment in its technology modernisation roadmap. The capital expenditure outlook for FY27 remains unchanged, projected between $180 million and $200 million.
Management anticipates a strong pipeline of new listings for the upcoming year, supported by recent improvements in market activity and increased investor confidence. The company is committed to delivering continued enhancements to its platforms and maintaining efficient, reliable market operations.
ASX Ltd share price snapshot
The ASX Ltd share price has underperformed the S&P/ASX 200 index (ASX: ASX) over the past 12 months with a decline of 13%.
