Euronext NVFRA:ENXB -1.30%92 Operating Margin % is 54.85% as of Mar. 2026, which is 7% above its 10-year median of 51.48. GuruFocus rates FRA:ENXB with a GF Score™ of 92/100 and a GF Value™ of €127.59 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 664 Capital Markets companies, Euronext NV ranks better than 84.19% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Euronext NV's Operating Income for the
three
months ended in Mar. 2026 was €289 Mil. Euronext NV's Revenue for the
three
months ended in Mar. 2026 was €527 Mil. Therefore, Euronext NV's Operating Margin % for the quarter that ended in Mar. 2026 was 54.85%.
The historical rank and industry rank for Euronext NV's Operating Margin % or its related term are showing as below:
FRA:ENXB'
s Operating Margin % Range Over the Past 10 Years
Min: 41.82 Med: 51.48 Max: 54.15
Current: 53.57
FRA:ENXB's Operating Margin % is ranked better than 84.19% of 664
companies
in the Capital Markets industry
Industry Median: 6.955
vs FRA:ENXB: 53.57
Euronext NV's 5-Year Average Operating Margin % Growth Rate was -0.50% per year.
Euronext NV's Operating Income for the
three
months ended in Mar. 2026 was €289 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €1,013 Mil.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Euronext NV Operating Margin % Related Terms
Euronext NV Operating Margin % Historical Data
* Premium members only.
The historical data trend for Euronext NV's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:ENXB vs SPGI, CME, ICE: Operating Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, Euronext NV's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Euronext NV Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Euronext NV's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Euronext NV's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Euronext NV's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Euronext NV (FRA:ENXB) has a Operating Margin % of 54.85% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Euronext NV and its competitors. This is near median its historical median of 51.48. Over the past decade, Euronext NV's Operating Margin % has ranged from 41.82 to 54.15. According to the industry distribution chart, Euronext NV ranks #105 out of 664 companies in the Capital Markets industry, placing it in the top 15.8%.
Is Euronext NV's Operating Margin % too high?
Euronext NV's current Operating Margin % of 54.85% is near median its 10-year median of 51.48. Over the past 10 years, this metric has ranged from a low of 41.82 to a high of 54.15. The Capital Markets industry median Operating Margin % is 6.96. Euronext NV's value of 54.85% is 688.6% above this industry median. Based on the distribution chart, Euronext NV ranks #105 out of 664 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Euronext NV has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Euronext NV's Operating Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Euronext NV ranks #105 out of 664 companies for Operating Margin %. This places Euronext NV in the top 16% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.96. Euronext NV's value of 54.85% is 688.6% above this benchmark. Historically, Euronext NV's own Operating Margin % has ranged from 41.82 to 54.15 over the past decade. While the company's 10-year median is 51.48 vs. the industry median of 6.96, Euronext NV has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Capital Markets company?
The median Operating Margin % among Capital Markets companies is 6.96, based on 664 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Euronext NV's current Operating Margin % of 54.85% is 688.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Euronext NV and its competitors. For the Capital Markets industry, the median Operating Margin % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Euronext NV's current Operating Margin % is 54.85%, which is near median its own 10-year median of 51.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Euronext NV stock overvalued right now?
Based on GuruFocus' analysis, Euronext NV (FRA:ENXB) is currently considered Modestly Overvalued. The stock's GF Value™ is €127.59, compared to a current price of €144.80 — trading 13.5% above its estimated fair value. The current Operating Margin % is 54.85%, which is near median its 10-year median of 51.48 and 688.6% above the Capital Markets industry median of 6.96. Euronext NV's overall GF Score™ is 92/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Euronext NV (FRA:ENXB), the current Operating Margin % is 54.85% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Euronext NV (FRA:ENXB) Overvalued in 2026?
Based on GuruFocus' analysis, Euronext NV stock appears to be overvalued.
The current stock price of €144.80 is trading 13.5% above its estimated GF Value™ of €127.59.
GuruFocus considers Euronext NV to be Modestly Overvalued.
Key valuation signals for FRA:ENXB:
Operating Margin %: 54.85% (near median its 10-year median of 51.48)
GF Value™: €127.59 vs. price of €144.80 (13.5% above fair value)
Industry Position: 688.6% above the Capital Markets median (#105 of 664)
No single metric tells the full story. See the FRA:ENXB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Euronext is a financial exchange group with trading venues in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, and Paris, covering primarily cash equities, fixed income, and index and single stock derivatives. With the acquisition of Borsa Italiana, Euronext has also taken control of CC&G, the Italian multi-asset clearing house, as well as Monte Titoli, the Italian central securities depository. This complements Euronext's other CSDs in Norway, Denmark and Portugal. Euronext is the owner of the CAC40, AEX, BEL 20, ISEQ 20, OBX, and PSI 20 indexes.
92GF Score
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