The Tel-Aviv Stock Exchange Ltd. (TASE) Earnings Call Transcripts

The Tel-Aviv Stock Exchange Ltd.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, The Tel-Aviv Stock Exchange (TASE) reported record financial results, with revenues reaching ILS 183.3 million, a 40% increase year-over-year. Adjusted EBITDA surged 87% to ILS 115.6 million, while net profit rose 116% to ILS 77.4 million. Management highlighted the resilience of the Israeli capital market amid ongoing regional conflicts, signaling strong growth potential and increased trading volumes, which could positively impact stock performance moving forward.

Reported metrics

Guidance from management

Management expects a modest increase in expenses throughout 2026 but does not foresee any surprises. They remain optimistic about continued growth in trading volumes and market activity.

What management said

So I guess that we will not end 2026 at the same level of expenses as we had in the first quarter. We have the [ situation ] about the employees and year-by-year -- cyber and all of those elements. So I guess that throughout the year, we'll have a modest increase in our expenses, but no surprises.

No, no. We don't see any impact on that. It's the IT investments that we make and the regular compensation issues. We don't see any negative impact because of macro situation on our expenses.

What analysts pressed on

Analysts expressed concerns regarding the sustainability of the increased trading volumes and whether the current momentum can be maintained amid ongoing regional tensions. There were also inquiries about potential pricing changes in the clearinghouse services segment.

Main topics on the call

• Record Revenue Growth — TASE achieved record revenues of ILS 183.3 million, a 40% increase from Q1 2025. CEO Ittai Ben-Zeev noted, "These results reflect the continued implementation of TASE strategic plan and the growth potential of Israel cap...
• Surge in Trading Volumes — Trading volumes on the equities market reached an all-time high of ILS 5.6 billion, a 92% increase compared to Q1 2025. This surge was attributed to heightened foreign investor activity and substantial cash inflows into ...
• Increased Market Capitalization — TASE's equity market capitalization rose to ILS 2.3 trillion, up from ILS 1.4 trillion in Q1 2025. This growth reflects the overall strength of the Israeli economy despite regional tensions.
• IPO Activity — Eight new companies completed IPOs on TASE during the quarter, raising ILS 1.9 billion, compared to five IPOs raising ILS 0.7 billion in Q1 2025. Management expects more companies to consider IPOs in the near term.

Read the full The Tel-Aviv Stock Exchange Ltd. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 19 The Tel-Aviv Stock Exchange Ltd. earnings call transcripts on record, spanning August 11, 2021 to August 4, 2026. Based on this history, The Tel-Aviv Stock Exchange Ltd. reports quarterly. The most recent call on file is dated August 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TASE

Exchange

TASE

Country

IL

Sector

Financials

Industry

Capital Markets

Calls on record

19

First call

August 11, 2021

Most recent

August 4, 2026

Reporting cadence

quarterly