HKEX Reports Record Earnings Amid Robust Trading

Hong Kong Exchanges & Clearing ( (HKXCF) ) has released its Q3 earnings. Here is a breakdown of the information Hong Kong Exchanges & Clearing presented to its investors.

Hong Kong Exchanges & Clearing Limited (HKEX) operates as a leading financial market infrastructure provider, facilitating trading, clearing, and settlement services across various asset classes, including equities, derivatives, commodities, and fixed income. HKEX is renowned for its strategic initiatives to enhance market connectivity and liquidity, particularly through its Stock Connect programs linking Hong Kong and Mainland China markets.

In its latest earnings report for the nine months ending September 30, 2025, HKEX achieved record financial results, driven by robust trading volumes in its Cash Market and Stock Connect programs. The company reported a 37% increase in revenue and other income compared to the same period in 2024, reaching HKD 21.9 billion, while profit attributable to shareholders surged by 45% to HKD 13.4 billion.

Key financial highlights include a 41% rise in core business revenue, primarily due to increased trading and clearing fees from record Cash Market volumes. Despite a 7% increase in operating expenses, the EBITDA margin improved to 79%. The IPO market remained strong, with significant listings and a pipeline of 297 active applications. Additionally, strategic partnerships and market enhancements, such as the MOU with Abu Dhabi Securities Exchange and the implementation of minimum spreads reduction, bolstered HKEX’s market position.

Looking ahead, HKEX remains focused on expanding its multi-asset ecosystem and enhancing global market connectivity. The company plans to continue its strategic initiatives, including the development of green finance ecosystems and the introduction of new financial products, to position Hong Kong as a leading international financial hub.