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Singapore Exchange Ltd (SPXCY)
OTHER OTC:SPXCY
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Singapore Exchange (SPXCY) Price & Analysis

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SPXCY Stock Chart & Stats

$27.61
$0.02(0.11%)
At close: 4:00 PM EST
$27.61
$0.02(0.11%)

Bulls Say, Bears Say

Bulls Say
High Profitability & Revenue GrowthSGX's combination of double-digit revenue growth and very high gross and net margins reflects a capital-light exchange model with pricing power and network effects. Durable profitability supports reinvestment, consistent cash returns to shareholders, and resilience through cycles.
Strong Free Cash Flow & ConversionA 40% lift in free cash flow and near‑parity FCF/NI indicate excellent cash generation from core operations. This durable cash profile funds dividends, capex and selective investment or debt reduction without external financing, enhancing financial flexibility over multiple years.
Product Innovation & Revenue DiversificationIntroducing regulated crypto perpetuals, long-dated JGB futures and night rubber trading materially broadens SGX's multi-asset offering. These structural product additions address new client segments, reduce concentration risk, and expand long-term fee pools beyond legacy cash and derivatives volumes.
Bears Say
Treasury Income SensitivityTreasury income is structurally sensitive to global rates and collateral currency composition; prolonged low or adverse rate environments can persistently depress reported net revenue and alter revenue mix. That sensitivity reduces topline predictability and can compress margins across reporting periods.
Cyclicality From Market ActivitySGX's earnings materially depend on trading volumes, volatility and IPO activity. Management notes growth partly compares to an unusually strong prior year, highlighting recurring cyclicality. This structural exposure makes medium-term revenue and margin forecasts sensitive to macro and market-event variability.
Underperforming Acquisition / Index BusinessThe $15m Scientific Beta impairment signals integration and product-market risks in SGX's index/asset business. Persistent underperformance may require further investment or write-downs, limiting the near-term diversification benefits and adding execution risk to inorganic growth strategies.

Singapore Exchange News

SPXCY FAQ

What was Singapore Exchange Ltd’s price range in the past 12 months?
Singapore Exchange Ltd lowest stock price was $23.73 and its highest was $38.02 in the past 12 months.
    What is Singapore Exchange Ltd’s market cap?
    Singapore Exchange Ltd’s market cap is $19.92B.
      When is Singapore Exchange Ltd’s upcoming earnings report date?
      Singapore Exchange Ltd’s upcoming earnings report date is Aug 13, 2026 which is in 42 days.
        How were Singapore Exchange Ltd’s earnings last quarter?
        Singapore Exchange Ltd released its earnings results on Feb 04, 2026. The company reported $0.497 earnings per share for the quarter, beating the consensus estimate of N/A by $0.497.
          Is Singapore Exchange Ltd overvalued?
          According to Wall Street analysts Singapore Exchange Ltd’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Singapore Exchange Ltd pay dividends?
            Singapore Exchange Ltd pays a Monthly dividend of $0.175 which represents an annual dividend yield of 1.98%. See more information on Singapore Exchange Ltd dividends here
              What is Singapore Exchange Ltd’s EPS estimate?
              Singapore Exchange Ltd’s EPS estimate for its next earnings report is not yet available.
              How many shares outstanding does Singapore Exchange Ltd have?
              Singapore Exchange Ltd has 535,821,200 shares outstanding.
                What happened to Singapore Exchange Ltd’s price movement after its last earnings report?
                Singapore Exchange Ltd reported an EPS of $0.497 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -0.734%.
                  Which hedge fund is a major shareholder of Singapore Exchange Ltd?
                  Currently, no hedge funds are holding shares in SPXCY
                  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

                    Singapore Exchange Stock Smart Score

                    7
                    Neutral
                    1
                    2
                    3
                    4
                    5
                    6
                    7
                    8
                    9
                    10

                    Technicals

                    SMA
                    Positive
                    20 days / 200 days
                    Momentum
                    49.28%
                    12-Months-Change

                    Fundamentals

                    Return on Equity
                    29.01%
                    Trailing 12-Months
                    Asset Growth
                    10.28%
                    Trailing 12-Months

                    Company Description

                    Singapore Exchange Ltd

                    Singapore Exchange Limited (SGX), along with its subsidiary entities, functions as a fully integrated platform for trading securities and derivatives, offering associated clearing services within Singapore. Its operations are organized into three principal divisions: Fixed Income, Currencies, and Commodities (FICC); Equities; and Data, Connectivity, and Indices. The FICC segment facilitates the issuance, trading, and clearing of fixed income instruments, foreign currencies, and commodities, including comprehensive collateral management services. The Equities division encompasses a wide array of offerings, from supporting equity issuance to managing the trading and clearing of both securities and derivatives, handling securities settlement and depository functions, and providing collateral management. Meanwhile, the Data, Connectivity, and Indices segment delivers critical market data solutions, connectivity services, and the administration of various financial indices. Beyond these core business lines, SGX offers crucial auxiliary services such as counterparty guarantees and depository functions for securities and derivatives transactions. It also engages in bond trading, executes front-line regulatory responsibilities, and provides computer and software maintenance. The company operates an electronic platform for foreign exchange trading and offers management consultancy for index-related activities. Additionally, SGX furnishes membership and management services to its related corporations, distributes data and indices for the bulk freight market, and manages an electricity market. Its services further extend to administrative support for index calculation, risk analysis, and financial research. Furthermore, SGX has entered into a global partnership agreement with New Zealand's Exchange, aiming to collaboratively expand its dairy derivatives market. Singapore Exchange Limited was founded in 1999 and its headquarters are situated in Singapore.

                    Singapore Exchange (SPXCY) Earnings & Revenues

                    SPXCY Company Deck

                    SPXCY Earnings Call

                    Q2 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call conveyed strong, broad-based operating performance across multiple business lines with record or multi-year highs in revenue, FX volume, SDAV and derivatives activity. Management highlighted margin expansion, a healthy balance sheet, a meaningful rise in dividends, continued investment in platform and product innovation (including crypto perpetual futures and long-dated JGB futures), and an expanding IPO pipeline including the NASDAQ GLB partnership. Key headwinds were a decline in treasury income, a $15 million impairment at Scientific Beta, a modest fall in equity derivatives revenue (-6%), and some higher operating costs. Overall, the positive operational momentum and financial strength substantially outweigh the identified challenges, which appear manageable and mostly non-recurring or being actively mitigated.View all SPXCY earnings summaries
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                    Ownership Overview

                    0.06%<0.01%99.94%
                    Insiders
                    <0.01% Other Institutional Investors
                    99.94% Public Companies and
                    Individual Investors

                    Options Prices

                    Currently, No data available
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