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ASX
(Sydney:ASX)
ASX (ASX) vs. iShares MSCI Australia ETF (EWA)
ASX Business Overview & Revenue Model
ASX Earnings Call Summary
ASX Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.50B | 1.71B | 1.59B | 1.42B | 1.10B | 1.02B |
| Gross Profit | 1.32B | 1.61B | 1.51B | 1.34B | 991.70M | 911.80M |
| EBITDA | 1.04B | 1.27B | 1.18B | 819.40M | 796.50M | 757.40M |
| Net Income | 522.70M | 502.60M | 474.20M | 317.30M | 508.50M | 480.90M |
Balance Sheet | ||||||
| Total Assets | 16.02B | 17.57B | 16.89B | 16.83B | 18.24B | 16.60B |
| Cash, Cash Equivalents and Short-Term Investments | 12.23B | 13.90B | 13.42B | 13.51B | 14.46B | 13.38B |
| Total Debt | 11.45B | 12.60B | 334.30M | 78.60M | 67.60M | 72.40M |
| Total Liabilities | 12.11B | 13.70B | 13.16B | 13.19B | 14.43B | 12.86B |
| Stockholders Equity | 3.90B | 3.87B | 3.72B | 3.64B | 3.81B | 3.74B |
Cash Flow | ||||||
| Free Cash Flow | -199.20M | 302.90M | 544.40M | -3.51B | 97.60M | 4.99B |
| Operating Cash Flow | -28.10M | 1.02B | 682.20M | -405.70M | 1.66B | 120.20M |
| Investing Cash Flow | -120.50M | -132.80M | -93.00M | -121.30M | -126.90M | -125.40M |
| Financing Cash Flow | -426.40M | -408.30M | -149.60M | -447.20M | -450.80M | -464.40M |
ASX Technical Analysis
ASX Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | AU$6.10B | 111.22 | 67.81% | 1.45% | 28.29% | 39.39% | |
59 Neutral | AU$10.35B | 19.68 | 12.95% | 4.28% | 7.63% | 5.81% | |
52 Neutral | AU$365.60M | 20.79 | 12.27% | 2.81% | 24.56% | 59.32% | |
49 Neutral | AU$7.82B | 74.91 | 15.22% | 0.57% | 24.44% | 68.80% |
ASX Corporate Events
ASX Limited has revised its FY26 expense growth guidance upward as it accelerates investment in risk management and technology modernisation in response to the Australian Securities and Investments Commission’s expert Inquiry Panel findings. Excluding ASIC inquiry costs, ASX now forecasts FY26 expense growth of 13%–15%, rising to 20%–23% when inquiry-related and associated legal and commitments plan costs are included, reflecting additional spending on major platforms, the reset of its Accelerate program, governance enhancements for clearing and settlement boards, and higher costs linked to strong trading volumes and slower adoption of e‑statements. To provide context, ASX released unaudited 1H26 figures showing operating revenue up 11.2% to $602.8 million, statutory and underlying NPAT of $263.6 million (up 8.3% and 3.9% respectively), and total expenses up 12.1% excluding ASIC inquiry costs and 20.0% including them, with underlying return on equity steady at 13.5%; the company emphasised that these investments are intended to reinforce its stewardship role and long‑term sustainable growth as a critical market operator, even as higher regulatory capital requirements temper returns.
The most recent analyst rating on (AU:ASX) stock is a Hold with a A$58.10 price target. To see the full list of analyst forecasts on ASX stock, see the AU:ASX Stock Forecast page.
ASX Limited has outlined its timetable for releasing financial results and key corporate events in 2026, including the announcement of half-year results for the period ended 31 December 2025 and associated interim dividend dates, as well as the schedule for full-year results, the final dividend and the annual general meeting. The calendar provides clarity for investors and other stakeholders on when to expect earnings disclosures, dividend payments, an investor forum and governance milestones, although all dividend determinations and dates remain subject to board approval and possible change via market announcements.
The most recent analyst rating on (AU:ASX) stock is a Hold with a A$54.85 price target. To see the full list of analyst forecasts on ASX stock, see the AU:ASX Stock Forecast page.
ASX Limited reported a strong uplift in capital markets activity in December 2025, with total new capital quoted rising to $9.6 billion from $7.2 billion a year earlier and net new capital quoted increasing to $8.0 billion from $6.1 billion. On a December year-to-date basis, net new capital quoted swung to a positive $27.3 billion from a negative $9.2 billion in the prior year period, underpinned by higher quoted market capitalisation from new listings, a sharp rise in secondary capital raisings, and reduced impact from de‑listings. For the full 2025 calendar year, 92 new entities joined the exchange versus 67 in 2024, and net new capital quoted reached $72.0 billion compared with a net outflow of $3.3 billion the year before, signalling a marked recovery in Australia’s equity capital markets and strengthening ASX’s position as a venue for primary and secondary capital formation.
The most recent analyst rating on (AU:ASX) stock is a Sell with a A$53.00 price target. To see the full list of analyst forecasts on ASX stock, see the AU:ASX Stock Forecast page.
ASX Limited has committed to a strategic package of actions in response to an ASIC inquiry, aimed at enhancing its market infrastructure reliability. This includes a $150 million capital charge and a strategic reset of its Accelerate Program, which will involve governance changes and a revised regulatory approach. The company will adjust its dividend policy to accommodate the capital requirements, impacting its return on equity and financial guidance for the upcoming years.
The most recent analyst rating on (AU:ASX) stock is a Sell with a A$54.05 price target. To see the full list of analyst forecasts on ASX stock, see the AU:ASX Stock Forecast page.
ASX Limited, a key player in the financial market infrastructure industry, reported significant growth in capital raisings for November 2025. The total new capital quoted reached $10.9 billion, a substantial increase from the previous year’s $4.3 billion. This growth was driven by a large increase in secondary capital raised and other capital raising activities. The report highlights a notable improvement in the total net new capital quoted, which was $9.3 billion compared to $4.3 billion in the previous corresponding period. This surge in capital activities indicates a robust market performance and could have positive implications for stakeholders, reflecting a strong market positioning for ASX.
The most recent analyst rating on (AU:ASX) stock is a Sell with a A$54.05 price target. To see the full list of analyst forecasts on ASX stock, see the AU:ASX Stock Forecast page.
ASX Limited has announced the appointment of Deidre McGrath as a new director, with the release of an Initial Director’s Interest Notice. This appointment is part of ASX’s ongoing efforts to strengthen its leadership team, potentially impacting its strategic direction and governance, which could have implications for its stakeholders and market operations.
The most recent analyst rating on (AU:ASX) stock is a Sell with a A$54.05 price target. To see the full list of analyst forecasts on ASX stock, see the AU:ASX Stock Forecast page.
ASX Limited has announced the appointment of Dee McGrath as a new non-executive director to its board, aiming to enhance its technological expertise. With over 30 years of experience in business, technology, and financial services, McGrath is expected to bring valuable insights into technology-driven transformations, regulatory management, and governance, which are crucial for ASX during a period of significant change. Her appointment is part of ASX’s ongoing board renewal strategy, following recent appointments to strengthen its leadership team.
The most recent analyst rating on (AU:ASX) stock is a Sell with a A$54.05 price target. To see the full list of analyst forecasts on ASX stock, see the AU:ASX Stock Forecast page.