When I think about buying shares to hold for a decade, I want businesses that are scaling and building competitive advantages that strengthen over time.
Right now, three ASX 200 names stand out to me for exactly those reasons.
Megaport Ltd (ASX: MP1)
Megaport has just delivered one of its strongest half-year performances on record.
Group annual recurring revenue surged 49% year-on-year to $338 million, supported by both organic growth and acquisitions. Even stripping out acquisitions, Megaport Network annual recurring revenue (ARR) grew 19% in constant currency and net revenue retention lifted to 111%. That tells me customers are not just sticking around, they are spending more.
Customer lifetime has extended from 10 to 13 years, and lifetime value jumped 57% in constant currency to $2.5 billion. Those are powerful unit economics.
What excites me most is the Latitude.sh acquisition, which added US$45 million of ARR and expands Megaport into compute and GPU-as-a-service. Management describes this as the convergence of network and compute, positioning the platform for cloud, AI, and data centre growth.
I believe this combination of strong recurring revenue, improving retention, and expansion into AI infrastructure gives Megaport genuine 10-year potential.
Life360 Inc. (ASX: 360)
Life360 continues to prove that its growth story is far from over. In the fourth quarter of 2025, monthly active users (MAU) reached 95.8 million, with full-year net additions of 16.2 million, representing 20% year-on-year growth. Paying Circles climbed to 2.8 million, with 576,000 net additions for the year, the highest annual increase on record.
Revenue for FY25 is expected to land between US$486 million and US$489 million, up roughly 31% to 32%, with adjusted EBITDA of US$87 million to US$92 million. Importantly, management expects MAU growth of approximately 20% again in 2026.
What I like here is the combination of scale and monetisation. The user base is enormous, conversion rates are improving, and margins are expanding. Life360 is becoming a global safety platform with strong brand recognition and network effects.
Over a 10-year horizon, I see significant room for further penetration, higher subscription uptake, and new product layers across safety, insurance, and hardware.
HUB24 Ltd (ASX: HUB)
I think HUB24 is one of the most consistent growth stories on the ASX, and its latest half-year result only strengthens my conviction.
Underlying EBITDA rose 35% to $104.9 million, while underlying NPAT jumped 60% to $68.3 million. Platform net inflows hit a record $10.7 billion for the half, and total funds under administration reached $152.3 billion.
The company was ranked first for quarterly and annual net inflows and upgraded its FY27 platform FUA target to $160 billion to $170 billion. That kind of upgrade signals confidence in its pipeline and competitive positioning.
I believe HUB24 benefits from a powerful structural tailwind: the ongoing shift to independent financial advice and modern platform technology. Its scale advantages, margin expansion, and adviser adoption trends suggest this is still a business in growth mode, not maturity.
For a 10-year hold, I want a company taking share in a large market with strong recurring revenue. HUB24 ticks those boxes for me.
Foolish takeaway
If I am building a portfolio to hold for the next decade, I want exposure to businesses that are expanding rapidly and compounding their advantages.
Megaport is building the backbone for network and AI infrastructure. Life360 is scaling a global safety ecosystem. HUB24 is consolidating leadership in wealth platforms.
All three are growing strongly today, and I believe they have the runway to grow much larger over the next 10 years.
The post 3 rapidly growing ASX 200 shares I would buy and hold for 10 years appeared first on The Motley Fool Australia.
Should you invest $1,000 in Life360 right now?
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* Returns as of 20 Feb 2026
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Motley Fool contributor Grace Alvino has positions in Hub24. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24, Life360, and Megaport. The Motley Fool Australia has positions in and has recommended Life360. The Motley Fool Australia has recommended Hub24. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.