Tel Aviv Stock Exchange Ltd.

Tel Aviv Stock Exchange Ltd.

TVAVF
Tel Aviv Stock Exchange Ltd.US flagOther OTC
39.73
USD
- -
- -
3.73BMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.63
2.42
2.53
2.55
2.6
3.03
3.2
3.55
4.03
4.72
6.14
7.19
Basic EPS, GAAP
0.2
0.02
-0.15
0.86
0.18
0.37
0.45
0.5
0.86
1.09
1.97
2.79
Free Cash Flow per Basic Share
- -
0.26
0.22
0.17
0.47
0.57
0.7
0.7
1.13
1.19
2.53
3.37
Dividend per Share
- -
- -
- -
- -
- -
0.09
0.18
0.22
- -
2.94
0.55
1.56
Book Value per Share
5.08
5.1
5.24
5.6
5.99
6.24
6.53
6.81
4.35
7.52
7.04
7.09
Tangible Book Value per Share
4.19
4.22
4.36
4.54
4.86
5.04
5.26
5.42
2.69
5.82
5.22
5.26
Basic Weighted Avg Shares
100
100
96
100
100
100
101
102
97
93
92
93
Sales/Revenue/Turnover
263
242
242
256
260
304
324
361
390
438
564
665
Operating Margin (%)
9.12
2.68
-4.62
11.16
5.45
16.03
16.9
23.08
25.58
28.45
40.89
48.79
Depreciation Expense
31
32
30
33
44
45
48
51
52
56
61
62
Net Income, GAAP
20
2
-14
86
18
37
45
51
83
101
181
258
Effective Tax Rate (%)
27.03
70
- -
23.22
24.09
23.43
22.88
27.35
24.11
24.59
23.36
22.95
Profit Margin (%)
7.71
0.87
-5.89
33.81
6.75
12.13
14.05
14.08
21.34
23.16
32.12
38.79
Working Capital
15
12
195
195
247
291
324
316
127
390
312
322
LT Debt
- -
- -
- -
- -
13
9
14
7
109
91
97
26
Total Equity
508
510
524
560
599
631
662
686
402
721
651
665
Return on Invested Capital (%)
- -
0.38
- -
4.04
1.82
5.89
6.33
8.69
11.8
12.83
20.5
34.2
Return on Capital (%)
- -
0.41
- -
15.94
3.03
5.89
6.89
7.37
13.18
15.12
22.42
37.14
Return on Common Equity (%)
- -
0.41
-2.76
15.94
3.03
6
7.03
7.54
15.29
18.06
26.38
42.52

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
52
51
49
LT Borrowings
95
36
25
LT Finance Leases
2
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
93
93
94
Market Capitalization
8,852
13,611
12,299

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,299
1,116
758
Cash, Cash Equivalents & STI
494
408
494
Accounts Receivable, Net
20
32
30
Inventories
- -
- -
- -
Total Current Liabilities
986
872
436
Payables & Accruals
- -
- -
- -
ST Debt
52
51
49
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.92%
7.4%
-9.68%
Free Cash Flow
- -
37.77%
110.78%
Net Income, GAAP
-134.49%
39.82%
78.54%
Sales/Revenue/Turnover
8.34%
13.38%
28.7%
Total Cash Common Dividend
- -
- -
-81.41%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
108
105
109
115
438
2025
131
136
147
149
564
2026
183
185
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.28
0.26
0.28
- -
1.09
2025
0.39
0.48
0.55
- -
1.97
2026
0.84
0.84
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.95
- -
- -
- -
2.94
2025
0.55
- -
- -
- -
0.55
2026
1.56
- -
- -
- -
- -

Company Description

CEO
Ittai Ben Zeev
Full Time Employees
276
Sector
Financial Services
Industry
Financial - Data & Stock Exchanges
Address
Ahuzat Beit 2 Tel Aviv TA Israel 6129001
IPO Date
Dec 3, 2019
Website
tase.co.il
Business
The Tel-Aviv Stock Exchange Ltd. (TASE) operates Israel's sole public stock exchange, providing markets for the listing, trading, clearing, and settlement of a wide range of securities and derivatives including equities, corporate bonds, government bonds, treasury bills, structured bonds, exchange-traded funds (ETFs), convertible securities, mutual funds, commodities, options, futures, and exchange-traded notes (ETNs); it also offers data hub services via API, nominee and portfolio services, connectivity solutions, conference centers, initial and follow-on public offerings support, capital and debt raising facilitation, dual-listing activities, and the TASE UP platform for private companies to raise funds from institutional and accredited investors. Founded in 1953 with precursors dating to 1935 and headquartered at 2 Ahuzat Bayit Street in Tel Aviv-Yafo, Israel, TASE serves hundreds of thousands of investors including households, pension funds, insurance companies, and provident funds primarily through its 23 members comprising Israeli and foreign banks and investment houses; it lists approximately 473 companies with equity market capitalization of US$216 billion and bond market capitalization of US$196 billion as of recent data, while maintaining key indices such as the TA-35, TA-125, and various sectoral benchmarks like TA-Technology and TA-Biomed. Geographically focused on Israel with dual-listing support for companies on exchanges like NYSE, Nasdaq, and LSE, TASE recently upgraded and expanded foreign currency clearing services in 2024 to align with international standards, selected Meitav Market Making and Migdal Market Making as designated market makers for Bank Mizrahi Tefahot shares under its Tailor-Made Market Making Program in September 2025, scheduled Q4 and full-year 2024 results release for March 2025, announced a shift to Monday-Friday trading operations starting May 1, 2026 to enhance global participation and MSCI Europe Index eligibility, and reported strong Q2 2025 revenue growth of 29% year-over-year amid robust organic expansion without near-term M&A plans.

Company News

  • TASE Presents 2027-2031 Strategic Plan to Accelerate Revenue Growth, Expand International Activity and Create Long-Term Shareholder Value Targets 15%-18% Revenue CAGR

  • The Tel-Aviv Stock Exchange Ltd. (TVAVF) Q2 2026 Earnings Call Transcript

  • The Tel-Aviv Stock Exchange Ltd. (TVAVF) Q1 2026 Earnings Call Transcript

  • The Tel Aviv Stock Exchange (TASE) Schedules First Quarter 2026 Results Release and Conference Call for Tuesday, May 12, 2026

  • The Tel-Aviv Stock Exchange Ltd. (TVAVF) Q4 2025 Earnings Call Transcript

  • The Tel Aviv Stock Exchange (TASE) Schedules Fourth Quarter and Full Year 2025 Results Release and Conference Call for Thursday, March 5, 2026

  • The Tel-Aviv Stock Exchange Ltd. (TVAVF) Q3 2025 Earnings Call Transcript

  • The Tel Aviv Stock Exchange (TASE) Schedules Third Quarter 2025 Results Release and Conference Call for Tuesday, November 11, 2025

  • A Voice for Israel, A Leader in The Market - Bill Ackman Rings the Opening Bell at the Tel Aviv Stock Exchange (TASE) In support of Israel's Economy: "Owning an exchange is like owning a royalty on the success of a country"

  • TASE Reports the Results of the Financial Statements for the Second Quarter and the First Half of 2025

  • Tel Aviv Stock Exchange: A Play On An Appealing Stock Market

  • The Tel Aviv Stock Exchange (TASE) Schedules Second Quarter 2025 Results Release and Conference Call for Tuesday, August 5, 2025

  • TASE Reports the Results of the Financial Statements for the First Quarter of 2025

  • The Tel Aviv Stock Exchange (TASE) Schedules First Quarter 2025 Results Release and Conference Call for Tuesday, May 13, 2025

  • Stock Picks From Seeking Alpha's February 2025 New Analysts

  • TASE Reports the Results of the Financial Statements for the Fourth Quarter and Full Year 2024

  • Tel-Aviv Stock Exchange: An Enticing Moat-Rich Stock Market Operator To Own For Life

  • The Tel-Aviv Stock Exchange Reports its Results for the Third Quarter of 2024

  • The Tel Aviv Stock Exchange (TASE) Schedules Third Quarter 2024 Results Release and Conference Call for Wednesday, November 20, 2024

  • The Tel-Aviv Stock Exchange Reports the Results of the Financial Statements for the Second Quarter and the First Half of 2024