High Profit MarginsSustained high gross and net margins indicate durable pricing power and efficient cost structure for an exchange. This supports strong operating cash flow, funds for technology and product investment, and resilience to cyclical volume swings over the next several months.

Strong Free Cash FlowNearly 20% FCF growth demonstrates robust cash generation from operations for reinvestment, dividends or strategic initiatives. Reliable FCF reduces reliance on external financing and underpins sustained investment in market infrastructure and product development.

Rising Market Liquidity And Strategic InitiativesSharp increases in trading volumes, foreign and retail inflows, and elevated IPO/bond issuance expand core fee pools and network effects. Coupled with market-making and TAL implementation, these structural gains should sustainably boost fee revenue and market relevance.

Bears Say

Decline In Government Bond IssuanceA sustained drop in government bond issuance reduces a historically stable revenue stream from bond trading and listing services. If persistent, this structural shift can lower fee diversification and make revenues more dependent on equity and corporate bond markets.

Rising Operating ExpensesHigher tech, communications and depreciation costs reflect needed investments but compress near-term operating leverage. If expense growth outpaces revenue gains, margin expansion may stall, forcing tighter capital allocation or slower product rollout pacing.

Reduced Net Financing IncomeLower financing income from decreased deposits and securities gains reduces non-operational earnings and increases earnings volatility. Reliance on market-driven investment returns adds cyclical sensitivity to overall profitability and cash-generation profiles.

Tase News

Tel Aviv Stock Exchange Shines in Q3 2025 Earnings Call

Tel Aviv Stock Exchange Ltd. (($IL:TASE)) has held its Q3 earnings call. Read on for the main highlights...

3M ago

TASE

Tase (TASE) Reveals Q1 Dividend: Here’s the Essential Information

Tase (TASE: TASE) has declared, under its dividend policy, a yearly cash dividend in the amount of ILs0.56...

11M ago

TASE

TASE FAQ

What was Tel Aviv Stock Exchange Ltd.’s price range in the past 12 months?

Tel Aviv Stock Exchange Ltd. lowest stock price was 3950.00 and its highest was 13120.00 in the past 12 months.

What is Tel Aviv Stock Exchange Ltd.’s market cap?

Tel Aviv Stock Exchange Ltd.’s market cap is ₪11.86B.

When is Tel Aviv Stock Exchange Ltd.’s upcoming earnings report date?

Tel Aviv Stock Exchange Ltd.’s upcoming earnings report date is Mar 05, 2026 which is in 28 days.

How were Tel Aviv Stock Exchange Ltd.’s earnings last quarter?

Tel Aviv Stock Exchange Ltd. released its earnings results on Nov 11, 2025. The company reported 54.7 earnings per share for the quarter, beating the consensus estimate of 46.5 by 8.2.

Is Tel Aviv Stock Exchange Ltd. overvalued?

According to Wall Street analysts Tel Aviv Stock Exchange Ltd.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Tel Aviv Stock Exchange Ltd. pay dividends?

Tel Aviv Stock Exchange Ltd. pays a Annually dividend of 55.564 which represents an annual dividend yield of 0.58%. See more information on Tel Aviv Stock Exchange Ltd. dividends here

What is Tel Aviv Stock Exchange Ltd.’s EPS estimate?

Tel Aviv Stock Exchange Ltd.’s EPS estimate is 134.01.

How many shares outstanding does Tel Aviv Stock Exchange Ltd. have?

Tel Aviv Stock Exchange Ltd. has 92,605,350 shares outstanding.

What happened to Tel Aviv Stock Exchange Ltd.’s price movement after its last earnings report?

Tel Aviv Stock Exchange Ltd. reported an EPS of 54.7 in its last earnings report, beating expectations of 46.5. Following the earnings report the stock price went down -0.533%.

Which hedge fund is a major shareholder of Tel Aviv Stock Exchange Ltd.?

Currently, no hedge funds are holding shares in IL:TASE

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Tel Aviv Stock Exchange Ltd.

The Tel-Aviv Stock Exchange Ltd. manages securities stock exchange and related activities in Israel. The company offers markets for the listing and trading of a range of securities and derivative instruments, including shares, corporate bonds, government bonds, treasury bills, ETFs, convertible securities, single stock options, options, and futures. It also engages in the clearing and settlement of securities; issuing of options and futures; and holding of securities for others, as well as provides securities registration services. The company was founded in 1935 and is headquartered in Tel Aviv, Israel.