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NZX Limited (NZX.NZ)
Wellington, NZ
NZX Limited functions as the primary operator of New Zealand's stock exchange. The company's diverse activities are structured across five principal divisions. Its Capital Markets Origination segment offers essential services to both existing and potential issuers aiming to raise capital. The Secondary Markets division handles trading and post-trade operations for both securities and derivatives, in addition to serving as a central securities depository. This segment also performs market operator duties for key entities such as the Fonterra Co-Operative Group, the Electricity Authority, and the Ministry for the Environment. Through its Data & Insights segment, NZX delivers crucial information services for the securities and derivatives sectors, alongside providing specialized analytical data for the dairy industry. The Funds Management segment is responsible for offering superannuation schemes, KiwiSaver products, and Smartshares exchange-traded funds (ETFs). Finally, the Wealth Technologies division provides comprehensive funds administration and custodial services, including the proprietary NZX Wealth Technologies platform, designed to empower financial advisors and brokers in managing their clients' investment portfolios effectively. Established in 1866, NZX Limited is based in Wellington, New Zealand.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.47% | +2.22% | -1.43% | -6.76% | -9.21% | -11.54% | -9.21% | +21.05% | -33.65% | +39.13% | +6,940.82% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 0 | 0 |
| Hold | 0 | 0 |
| Sell | 1 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Financial - Data & Stock Exchanges: +11.9%+6.9% Q4'25: +23.5% (vs Q4'23)
-
EPS growth Financial - Data & Stock Exchanges: +19.9%-16.2% Q4'25: +94.6% (vs Q4'23)
-
FCF margin FCF growth · Financial - Data & Stock Exchanges: +25.6%+29.3% ★ Q4'25: +51.1% (vs Q4'23)
-
EBIT margin Financial - Data & Stock Exchanges: +51.8%+26.8% Q4'25: +30.0% (vs Q4'23)
-
ROIC Financial - Data & Stock Exchanges: +13.5%+16.7% ★ Q4'25: +39.6% (vs Q4'23)
-
Share dilution Financial - Data & Stock Exchanges: +0.6%+0.6% Q4'25: +2.5% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Financial - Data & Stock Exchanges: -0.36×1.51× Q4'25: 0.68× (vs Q4'23)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 3 Rev. Ana. 1 EPS Ana. |
Dec 2027 3 Rev. Ana. 1 EPS Ana. |
Dec 2028 3 Rev. Ana. 1 EPS Ana. |
Dec 2029 2 Rev. Ana. 1 EPS Ana. |
Dec 2030 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
73.15M
est: 73.13M (+0.0%)
|
77.54M
est: 77.67M (-0.2%)
|
75.33M
est: 75.31M (+0.0%)
|
67.49M
est: 67.25M (+0.4%)
|
69.07M
est: 67.83M (+1.8%)
|
78.22M
est: 76.10M (+2.8%)
|
87.87M
est: 87.35M (+0.6%)
|
95.67M
est: 95.10M (+0.6%)
|
108.39M
est: 112.31M (-3.5%)
|
120.65M
est: 119.00M (+1.4%)
|
128.95M
est: 127.60M (+1.1%)
|
138.08M
136.64M – 139.83M
+8.2% YoY
|
147.18M
141.00M – 155.96M
+6.6% YoY
|
151.07M
148.71M – 153.42M
+2.6% YoY
|
147.80M
143.86M – 153.26M
-2.2% YoY
|
152.00M
147.95M – 157.61M
+2.8% YoY
|
| EBITDA |
38.16M
est: 30.41M (+25.5%)
|
23.64M
est: 32.30M (-26.8%)
|
29.59M
est: 31.32M (-5.5%)
|
28.33M
est: 27.96M (+1.3%)
|
31.78M
est: 28.21M (+12.7%)
|
35.40M
est: 31.64M (+11.9%)
|
35.78M
est: 36.32M (-1.5%)
|
36.61M
est: 39.55M (-7.4%)
|
40.11M
est: 52.49M (-23.6%)
|
56.32M
est: 55.61M (+1.3%)
|
53.78M
est: 59.63M (-9.8%)
|
64.53M
63.86M – 65.35M
+8.2% YoY
|
68.78M
65.89M – 72.89M
+6.6% YoY
|
70.60M
69.50M – 71.70M
+2.6% YoY
|
69.07M
67.23M – 71.62M
-2.2% YoY
|
71.03M
69.14M – 73.66M
+2.8% YoY
|
| EBIT |
31.15M
est: 20.57M (+51.4%)
|
14.91M
est: 21.84M (-31.7%)
|
19.48M
est: 21.18M (-8.0%)
|
21.56M
est: 18.91M (+14.0%)
|
23.18M
est: 19.08M (+21.5%)
|
26.10M
est: 21.40M (+22.0%)
|
25.38M
est: 24.57M (+3.3%)
|
22.75M
est: 26.75M (-15.0%)
|
23.35M
est: 32.18M (-27.5%)
|
38.34M
est: 34.10M (+12.4%)
|
34.51M
est: 36.56M (-5.6%)
|
39.57M
39.15M – 40.07M
+8.2% YoY
|
42.17M
40.40M – 44.69M
+6.6% YoY
|
43.29M
42.61M – 43.96M
+2.6% YoY
|
42.35M
41.22M – 43.92M
-2.2% YoY
|
43.56M
42.39M – 45.16M
+2.8% YoY
|
| Net Income |
23.87M
est: 15.71M (+51.9%)
|
9.18M
est: 11.27M (-18.5%)
|
14.84M
est: 19.08M (-22.3%)
|
11.62M
est: 16.42M (-29.2%)
|
14.65M
est: 18.01M (-18.7%)
|
17.59M
est: 19.18M (-8.3%)
|
15.02M
est: 18.86M (-20.4%)
|
14.16M
est: 14.53M (-2.5%)
|
13.55M
est: 21.85M (-38.0%)
|
25.49M
est: 19.77M (+28.9%)
|
21.48M
est: 20.11M (+6.8%)
|
25.69M
24.64M – 26.75M
+27.8% YoY
|
28.43M
27.27M – 29.60M
+10.7% YoY
|
31.43M
30.14M – 32.72M
+10.5% YoY
|
33.09M
31.94M – 34.68M
+5.3% YoY
|
35.08M
33.87M – 36.77M
+6.0% YoY
|
| SGA |
31.43M
est: 29.36M (+7.0%)
|
35.12M
est: 31.18M (+12.6%)
|
30.34M
est: 30.23M (+0.3%)
|
25.27M
est: 27.00M (-6.4%)
|
26.37M
est: 27.23M (-3.2%)
|
29.62M
est: 30.55M (-3.1%)
|
34.96M
est: 35.07M (-0.3%)
|
39.20M
est: 38.18M (+2.7%)
|
45.45M
est: 36.59M (+24.2%)
|
48.49M
est: 38.76M (+25.1%)
|
—
est: 41.57M (-100.0%)
|
44.98M
44.51M – 45.55M
+8.2% YoY
|
47.94M
45.93M – 50.81M
+6.6% YoY
|
49.21M
48.44M – 49.98M
+2.6% YoY
|
48.15M
46.86M – 49.92M
-2.2% YoY
|
49.51M
48.20M – 51.34M
+2.8% YoY
|
| EPS |
0.09
est: 0.05 (+88.3%)
|
0.03
est: 0.03 (-1.9%)
|
0.05
est: 0.06 (-6.3%)
|
0.04
est: 0.05 (-14.7%)
|
0.05
est: 0.05 (-3.7%)
|
0.06
est: 0.06 (+7.5%)
|
0.05
est: 0.06 (-7.3%)
|
0.05
est: 0.04 (+4.8%)
|
0.04
est: 0.07 (-37.2%)
|
0.08
est: 0.06 (+32.7%)
|
0.07
est: 0.06 (+9.0%)
|
0.08
0.07 – 0.08
+27.8% YoY
|
0.08
0.08 – 0.09
+10.7% YoY
|
0.09
0.09 – 0.10
+10.5% YoY
|
0.10
0.10 – 0.10
+6.0% YoY
|
0.11
0.10 – 0.11
+6.0% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-28 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-27 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-26 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-25 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-22 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-21 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-20 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-19 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-18 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-15 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-14 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-13 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-12 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-11 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-08 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-07 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-06 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-05 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-04 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-01 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-30 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-29 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-28 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-24 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-23 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-22 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-21 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-20 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-17 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-16 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Horizon Kinetics Blockchain Development ETF BCDF | 0.46% | 103.8K | 0.85% |
| 2 | Dimensional - International Small Cap ETF DFIS | 0.00% | 270.9K | 0.39% |
| 3 | Dimensional International Sustainability Core 1 ETF DFSI | 0.00% | 33.4K | 0.24% |
| 4 | Dimensional - International Core Equity 2 ETF DFIC | 0.00% | 322.5K | 0.22% |
| 5 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 191.3K | 0.28% |
| 6 | Dimensional - International Vector Equity ETF DXIV | 0.00% | 2.2K | 0.53% |
| 7 | Avantis International Equity ETF AVDE | 0.00% | 3.5K | 0.23% |
| 8 | Dimensional - International Core Equity Market ETF DFAI | 0.00% | — | 0.18% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Mark John Peterson | Chief Executive Officer (Leave of Absence) | 1M | male |
| Daniel Juchnowicz | Chief Information Officer | — | male |
| Graham Nicholas PGDip | Acting Chief Executive Officer | — | male |
| Joost van Amelsfort | Chief Executive Officer of NZ RegCo | — | male |
| Kristin A. Brandon | Head of Policy & Regulatory Affairs | — | female |
| Lisa Turnbull | Chief Executive Officer of Smart | — | female |
| Robert Douglas | Chief Executive Officer of NZX Wealth Technologies | — | male |
| Ronnie Redpath | Chief Risk Officer | — | male |
| Sara Wheeler | General Counsel & Company Secretary | — | — |
| Amy Trotman | Acting Chief Financial Officer | — | female |
| Sophia van Zijl | Chief People Officer | — | female |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for NZX.NZ
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
