Q3 was the second-strongest quarter, with adjusted income up 18% to SEK 1,550m and adjusted PBT up 21% to SEK 1,096m.
Savings capital reached a record SEK 1,459bn, up 28% YoY; net savings were SEK 25.6bn and customer numbers rose 12% to 2.566m.
Strategic priorities include Germany expansion and a broader wealth offering spanning self-directed, advised and managed investments.
Reported operating income rose 20% to SEK 1,550m and operating profit rose 24% to SEK 1,096m; adjusted PBT increased 21% to SEK 1,096m.
Net income was SEK 885m, up 23% YoY; diluted EPS was SEK 3.50 versus SEK 2.81.
Adjusted operating expenses were SEK 450m, up 12% YoY or 10% excluding German expansion costs.
Net interest income increased 19.7% to SEK 687m; fund-related income rose 31% to SEK 250m and transaction-related income was SEK 655m.
15.8m trades were processed, while active customers grew 12% to 2.566m; 63,700 new customers joined in Q3.
2026 adjusted operating expenses are guided at SEK 1,780–1,790m, including SEK 80–90m of Germany costs; underlying cost growth excluding Germany is expected at ~8%.
FY2026 NII guidance remains ~SEK 2.7bn based on current forward IBOR rates; management expects NII strength to continue in 2027.
Medium-term targets include annual customer growth of 13–15%, ~8% annual underlying cost growth excluding Germany, and income relative to savings capital of ~0.45%.
Germany’s phased commercial launch is planned for November 2026, with broader marketing in 2027 alongside pension-account reform; Germany costs are expected to reach SEK 100m by 2028.
ABG Sundal Collier’s Private Banking venture is planned to launch in Sweden in 2027; proprietary ETFs are planned for early 2027.
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Nordnet is a Nordic online broker that offers a range of financial services, including investment solutions, savings accounts, loans, and insurance. The company was founded in 1996 and is headquartered in Stockholm, Sweden. Nordnet is one of the largest online banks in the Nordic region, with almost two million customers in Sweden, Norway, Denmark, and Finland.
Further reading: 5 Leading Online Brokers for Innovation
Nordnet's investment offerings include stocks, funds, certificates and exchange-traded funds (ETFs), as well as a range of tools and educational resources to help customers make informed investment decisions. The company also offers a range of savings accounts, including tax-free savings accounts and retirement accounts.
Nordnet has a substantial competitive advantage in the online banking industry, with a focus on low fees, user-friendly digital platforms, and a strong customer-centric approach. An interesting fact about Nordnet is that it was the first company in Sweden to offer internet-based brokerage services, revolutionizing the way people invest in the stock market. The company's innovative approach to online investing has made it one of the most popular online brokers in the Nordics, with almost two million active customers in Sweden, Norway, Denmark, and Finland.
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