Euroclear reported a strong financial performance for the first half of 2025, with underlying business income rising 8% year-on-year to €932 million, supported by higher revenues from safekeeping, settlement and communication.
Euroclear’s Q2 Business Income Strong, But ‘Marked by Volatility’
However, the second quarter was shaped by geopolitical uncertainty and continued market volatility, the company said.
Q2 business income remained consistent with the strong first quarter, while issuances stayed robust.
“We are reporting robust results for the first half of 2025, in line with our expectations,” said Valérie Urbain, Euroclear’s CEO. “Our business income continues to increase… making our results less reliant on interest income.”
Euroclear noted that H1 interest and banking income fell 6% to €551 million amid declining interest rates, but this was partly offset by higher average deposits.
Adjusted net profit held steady at €598 million, while the business income operating margin improved to 27.2% on the back of continued cost control efforts.
The firm also highlighted progress on its strategic priorities, including its AI-powered Euroclear EasyFocus+ tool, which supports the transition to T+1 settlement in Europe, and its growing footprint in Asia via a new fund services partnership in Singapore.
Assets under custody reached a record high, extending a streak of 11 consecutive quarters of growth, while turnover rose 18% year-on-year.
Euroclear’s capital position remained strong, with a Common Equity Tier 1 ratio of about 61%, significantly above regulatory requirements.
