Tel Aviv Stock Exchange Reports 80% Net Profit Surge Amid Trading Volume Boom

The Tel Aviv Stock Exchange (TASE) reported a significant increase in revenues and net profit for the second quarter of 2026, driven primarily by a sharp rise in trading volumes and clearing service fees. Revenues jumped 36% to 185 million shekels compared to the same quarter last year, largely due to increased activity in trading commissions and clearing services. Average daily trading volumes in equities soared to 5.8 billion shekels, up from 3.2 billion shekels in Q2 2025, boosting commission-derived income.

The exchange, led by CEO Itay Ben-Zeev, also saw a 37% rise in income from trading and clearing commissions, reaching 67 million shekels, fueled by higher turnover in bonds and mutual funds alongside equities. Clearing service revenues surged 67%, partly due to asset value growth, which accounts for 29% of the increase in clearing fees. Other income categories, including conference center operations, rose sharply by 86%, benefiting from the absence of last year’s military operation that had limited events.

Net profit for the quarter reached 79 million shekels, an 81% increase year-over-year. For the first half of 2026, TASE’s revenues totaled 368 million shekels, up 38%, while net profit doubled to 156 million shekels. The stock exchange’s market capitalization stands at 11 billion shekels, with a price-to-earnings ratio now considered "normal" at 35, down from highs above 80 earlier in the year. CEO Ben-Zeev’s shares, representing 3.6% ownership, are valued at over 400 million shekels.

The exchange celebrated the successful shift of trading days to Monday through Friday, which has increased trading volumes and attracted more foreign investors, now accounting for 41% of trading on Fridays compared to 12.5% on Sundays in 2025. TASE also highlighted growth in IPO activity, with 15 new listings raising approximately 6.1 billion shekels in the first half of 2026. The corporate bond market saw 117 billion shekels raised during the same period. The market capitalization of equities reached about 2.7 trillion shekels by the end of Q2, up from 1.5 trillion shekels a year earlier, with notable new listings including cybersecurity giant Palo Alto, founded by Nir Zuk, which maintains strong ties to Israel’s high-tech sector.

Ben-Zeev emphasized ongoing efforts to attract international players and expand dual listing options for Israeli and global companies, aiming to further enhance TASE’s global standing and capital market activity.