The Phoenix stock: The Phoenix reports ILS 904.14 million second-quarter profit

Published on 10/21/2026 at 16:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Assets under management rose 8.00 percent. The Phoenix stock last traded at ILS 189.00 on October 21, 2026 at 8:14 p.m. IDT, up 2.00 percent on TASE.

Results and market position

The Phoenix reported ILS 904.14 million in net income for the second quarter of 2026.
Second-quarter revenue rose 23.00 percent to ILS 6.63 billion.
The Phoenix stock last traded at ILS 189.00 on October 21, 2026, up 2.00 percent on TASE.
Assets under management increased 8.00 percent in the first half of 2026.

The Phoenix, IL0007670123, Illustration mit AI erstellt.

A second-quarter net income of ILS 904.14 million gives The Phoenix Holdings a concrete earnings marker for investors, while revenue growth and asset expansion point to broader operating momentum. Simply Wall St reported the figures for the second quarter of 2026. The Phoenix stock last traded at ILS 189.00 on October 21, 2026 at 8:14 p.m. IDT, up 2.00 percent on TASE.

Second-quarter figures set the tone

Revenue reached ILS 6.63 billion in the second quarter of 2026, an increase of 23.00 percent from the prior-year period, according to Simply Wall St. Net income of ILS 904.14 million was 5.50 percent below the second quarter of 2025, and earnings per share fell to ILS 3.58 from ILS 3.81.

The result is mixed rather than one-directional. Revenue expanded by ILS 1.24 billion from the prior-year period, but the decline in net income means that income conversion remains the key operating measure.

Stock position on October 21

The Phoenix last traded at ILS 189.00 on the Tel Aviv Stock Exchange at 8:14 p.m. IDT on October 21, 2026. Its same-day change was plus 2.00 percent, with 434,948 shares traded. The 52-week range was ILS 118.40 to ILS 201.30, placing the latest price 6.12 percent below the high and 59.63 percent above the low.

The market capitalization was ILS 47.7 billion on October 21, 2026. The price-to-earnings ratio was 14.49, compared with 12.70 for Harel Insurance Investments and Financial Services and 10.55 for Clal Insurance Enterprises Holdings. Harel's market capitalization was ILS 41.0 billion, while Clal's was ILS 24.5 billion on the same date.

Comparison with peers

The Phoenix: plus 2.00 percent, price-to-earnings ratio 14.49, market capitalization ILS 47.7 billion. Harel Insurance Investments and Financial Services (Tel Aviv Stock Exchange, ILS): plus 1.99 percent, price-to-earnings ratio 12.70, market capitalization ILS 41.0 billion. Clal Insurance Enterprises Holdings (Tel Aviv Stock Exchange, ILS): plus 1.51 percent, price-to-earnings ratio 10.55, market capitalization ILS 24.5 billion.

Managed assets add scale

Assets under management increased 8.00 percent in the first half of 2026, according to Simply Wall St. The company operates across insurance, retirement planning and asset management. Its profile identifies The Phoenix Holdings Ltd. as an Israeli financial-services company focused on diversified insurance and investment products. Global Banking and Finance identifies the listing as PHOE.TA on the Tel Aviv Stock Exchange under ISIN IL0007670123.

Market position after the results

The current figures place The Phoenix between its two named insurance peers on valuation and above both on market capitalization. The combination of 23.00 percent revenue growth and a 5.50 percent net-income decline leaves the next reported period important for judging whether scale is translating into earnings.

The further course of trading is shown by the continuously updated real-time quote of The Phoenix stock.