flatexDEGIRO (FTK) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 13.8% YoY to €150.3m and net profit increased 29.2% to €50.3m; 9M revenue grew 19.5% to €490.4m and net profit rose 37.2% to €165.4m.

• Strong 9M performance supports reiterated 2026 guidance; management expects to achieve or exceed 2027 financial targets one year early.

• Customer assets under custody reached a record €112.7bn and customer accounts totaled 3.72m, up 10.0% YoY.

Financial highlights

• 9M operating profit rose 35.6% to €232.3m; gross profit increased 21.6% to €427.0m.

• Q3 operating profit advanced 22.9% to €70.8m; Q3 gross profit was €132.4m, up from €112.1m YoY.

• Q3 commission income was €89.4m, up 6% YoY; interest income rose 33% to €55.9m, supported by customer deposits, rates, margin loans and treasury activity.

• 9M commission income was €312.2m (+18.4%); interest income was €158.0m (+23.2%).

• 9M operating expenses rose 8.3% to €194.7m, slower than gross profit growth.

Outlook and guidance

• FY 2026 revenue guidance remains ~€650m, implying ~16% YoY growth; net profit is expected at €200m–€230m, up ~25%–43%.

• 2027 financial targets are expected to be achieved or exceeded in 2026; updated mid-term ambitions are planned for 24 February 2027.

• Customer growth ambition remains at least 10% for 2026; 250,000 customers were added in 9M, with management citing marketing and pension-account launches as support for Q4 growth.