Insights & Analysis

Euronext to join French benchmark CAC 40

12th September, 2025|Aravind Bulusu

European exchange group Euronext is joining the elite list of French blue-chips, reflecting the growth of the group's market capitalisation.

The European group announced on Friday its planned inclusion in the French blue-chip index CAC 40 on September 22. Euronext, with market capitalisation of €14.5 billion (£12.5 billion) at the end of last month, will replace Teleperformance, a French outsourcing firm which is dropping out of the index.

Stéphane Boujnah (pictured), chief executive officer of Euronext, said: “Our inclusion in the CAC 40 is a testament to the remarkable journey we have undertaken since our IPO in June 2014. Since then, we have accelerated our growth through strategic acquisitions, geographic expansion, and diversification into new asset classes, trading and post-trade services, and SaaS solutions.”

The bourse, which became listed in its own SBF120 index in 2014 after its IPO, entered the CAC Next 20 in June 2021. The group, with trading venues in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris, announced in July its offer to acquire the stock exchange in Athens.

Euronext offers listing, trading, clearing, settlement and custody of various assets including futures, options and equities. With 3% of the group’s revenue coming from derivatives trading, the exchange earned €48.8 million last year from derivatives compared to €13.5 million in 2014, the year in which the exchange went public, the data shows.

The exchange’s annual revenue has more than tripled, from €458.5 million in 2014 to more than €1.6 billion in 2024, while its market cap rose from €1.4 billion in 2014 to €14.5 billion on August 22 2025, the bourse said.

Euronext reported on Tuesday a 9.6% drop in trading across the European group’s equity and commodity derivatives markets to 10.9 million lots in August, reflecting a broader slowdown in Europe.