Bolsas y Mercados Argentinos SA

Bolsas y Mercados Argentinos SA

242.50
ARS
+2.00
(+0.83%)
23.94EPS
12.96P/E
2.36TMarket Cap
Dec 02Next Earn
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.36
0.5
0.61
0.88
1.66
9.32
14.83
35
42.17
40.65
Basic EPS, GAAP
0.11
0.37
0.33
0.58
-0.32
0.47
30.03
-6.04
28.31
23.94
Free Cash Flow per Basic Share
0.03
2.1
1.42
-0.38
-5.3
-9.2
39.63
-120.58
38.56
25.47
Dividend per Share
- -
0.03
0.1
0.05
0.17
2.13
3.77
11.64
37.89
3.17
Book Value per Share
1
1.87
2.74
4.55
8.36
25.15
80.93
93.72
85.87
87.63
Tangible Book Value per Share
0.72
1.45
2.17
3.72
6.62
19.56
68.67
77.6
69.49
67.54
Basic Weighted Avg Shares
7,667
7,667
7,667
7,625
7,625
4,015
7,625
5,442
6,090
7,623
Sales/Revenue/Turnover
2,789
3,825
4,677
6,681
12,643
37,425
113,102
190,482
256,775
309,886
Operating Margin (%)
37.17
37.55
34.08
27.91
29.56
32.49
46.19
58.68
63.62
63.57
Depreciation Expense
509
192
288
417
804
2,286
5,810
11,671
12,315
13,294
Net Income, GAAP
837
2,847
2,492
4,436
-2,415
1,886
228,993
-32,842
172,419
182,475
Effective Tax Rate (%)
41.69
34.87
23.92
30.99
929.82
79.6
17.73
347.85
31.32
31.28
Profit Margin (%)
30.02
74.44
53.29
66.41
-19.1
5.04
202.47
-17.24
67.15
58.88
Working Capital
4,296
7,715
11,957
22,114
39,305
122,822
123,669
446,825
335,810
434,508
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
7,646
14,321
20,582
34,700
63,730
191,792
617,277
714,692
654,090
667,523
Return on Invested Capital (%)
- -
15.34
17.31
10.03
-110.22
4.41
24.28
-67.57
20.47
28.29
Return on Capital (%)
- -
22.26
14.5
16.46
-4.92
1.48
56.59
-4.94
25.2
30.39
Return on Common Equity (%)
- -
25.93
14.29
16.05
-4.91
1.48
56.62
-4.93
25.2
30.32

Capital Structure

ARS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7,616
7,616
7,616
Market Capitalization
2,214,383
2,488,563
2,362,897

Working Capital

ARS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,204,560
2,515,465
2,419,594
Cash, Cash Equivalents & STI
1,445,451
1,661,536
1,609,157
Accounts Receivable, Net
21,845
28,404
29,423
Inventories
- -
- -
- -
Total Current Liabilities
1,868,751
1,994,432
1,985,086
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

ARS

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
102.75%
-8.48%
Free Cash Flow
- -
-16.32%
-135.78%
Net Income, GAAP
- -
2,194.25%
-624.99%
Sales/Revenue/Turnover
- -
118.14%
34.8%
Total Cash Common Dividend
- -
282.21%
264.46%

Quarterly Revenue

ARS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
35,648
38,656
43,884
50,009
190,482
2025
61,623
63,814
64,041
89,199
256,775
2026
76,672
79,974
- -
- -
- -

Quarterly Earnings Per Share

ARS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-14.25
-0.71
1.68
7.98
-6.04
2025
2.93
8.51
3.84
9.54
28.31
2026
2.79
7.77
- -
- -
- -

Quarterly Dividends Per Share

ARS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.43
0.47
11.64
2025
- -
- -
0.96
2.21
37.89
2026
- -
- -
- -
- -
- -

Company Description

CEO
Gonzalo Pascual Merlo
Full Time Employees
449
Sector
Finance
Industry
Investment banks/Brokers
Address
25 de Mayo 359 Buenos Aires BA Argentina C1002ABG
IPO Date
May 23, 2017
Business
Bolsas y Mercados Argentinos S.A. operates as the principal stock exchange in Argentina, providing a comprehensive range of trading, post-trading, and custody services for all types of securities tradable within the Argentine market. Its main product segments include a Trading and Clearing House and Central Counterpart division, which handles liquidation, multilateral compensation, and veto of concerted operations; a Collective Deposit Agent segment that manages custody and safekeeping services through its affiliate Caja de Valores S.A.; and an Education, Research, and Training division focused on the development and administration of market educational initiatives. The company offers a broad spectrum of financial instruments including equities, options, futures, mutual funds, corporate bonds, government bonds, and future-dated delivery trades. It also provides technological platforms such as the Order Management System (OMS) and ANIMA, a direct market access trading platform offering real-time prices, historical data, and customizable dashboards. Bolsas y Mercados Argentinos serves institutional investors, companies, brokers, and retail investors domestically, with some service accessibility for foreign market participants. Founded in 2013 and headquartered in Buenos Aires, the company is regulated by the Argentine National Securities Commission (CNV). In the last two years, Bolsas y Mercados Argentinos has experienced significant growth and strategic advancements, including a substantial increase in investor accounts and trading volumes, reflecting its ongoing commitment to a technological, efficient, and accessible capital market ecosystem. In 2025, BYMA reported strong financial growth, with over 1.74 million new individual investor accounts in the first quarter alone and a 45% increase in transaction volumes, underscoring a growing market presence and enhanced liquidity. The company has strengthened its market data products, offering real-time, delayed, and end-of-day data services that empower investment decisions. BYMA also continues to expand its service offerings through innovation in digital trading technologies and market infrastructure, reinforcing its position as a leading benchmark institution within the Argentine capital market. Recent strategic moves focus on enhancing operational efficiency, expanding market access, and fostering investor education to support sustained market development. Bolsas y Mercados Argentinos operates mainly within Argentina but engages with international investors through trading and custody services for foreign participants. The company is publicly listed and has built extensive capabilities in brokerage ranking, transaction clearing, settlement, shareholder registry, safekeeping, and debt payment and allocation services. Its business segments systematically support securities issuance and trading processes, consolidating BYMA as a central pillar of Argentina's capital markets. This profile reflects the company's core activities and the major strides it has taken recently to enhance its technological platform, expand its customer base, and increase market participation across multiple securities classes, positioning itself as a modern and integral financial market infrastructure provider in Argentina. All details are current as of late 2025, based on publicly available corporate disclosures, market data, and regulatory filings from BYMA and related financial information sources.