Achieved record quarterly revenue and profit in Q2 2026, with growth across all primary revenue streams and strong trading activity, especially in cross-border trades.
Customer base surpassed 2.5 million, up 13% year-over-year, with net savings rising 78% to SEK 26 billion, marking the strongest H1 in company history.
Robust trading activity, record cross-border trading, and high engagement in IPOs, including SpaceX.
Expansion into Germany progressing on schedule, with live testing, phased launch, and new leadership appointments.
Launched the first German index fund in the Nordics and surpassed SEK 100 billion in Nordnet-branded funds AUM.
Adjusted revenues rose 26% year-over-year to SEK 1,634 million in Q2 2026.
Adjusted operating expenses increased 11% year-over-year to SEK 440 million; core Nordic cost growth at 7.5% excluding German expansion.
Adjusted profit before tax reached SEK 1,190 million, up 33% year-over-year; profit after tax was SEK 960 million, up 32% year-over-year.
Net savings rose 78% year-over-year to SEK 26 billion; savings capital reached SEK 1,374 billion, up 29%.
Dividend of SEK 8.60 per share paid, in line with 70% payout policy.
Confident in 13–15% annual customer growth target; current growth at 13%.
Medium-term revenue margin target of 45 basis points, with current LTM margin at 49 bps.
Adjusted operating expenses expected to rise ~8% annually, excluding Germany launch investments.
German commercial launch on track for H2 2026, with major marketing push planned alongside pension reform.
Dividend payout ratio target of 70% maintained.
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