flatexDEGIRO AG

XMUN:FTK

Record quarter: flatexDEGIRO said Q2 delivered another record result, with net income up 55% to EUR 61 million and first-half net income reaching EUR 115 million, helped by strong trading activity and cash inflows.

Guidance raised: Management lifted full-year 2026 net income guidance to EUR 200 million to EUR 230 million, up from the earlier EUR 200 million target, while revenue guidance remains around EUR 650 million.

Assets milestone: Customer assets on platform crossed EUR 100 billion for the first time, supported by strong net inflows and positive market performance.

Trading momentum: Settled transactions rose 22% year-on-year to EUR 21.9 million, and average trading activity per customer increased to 25.1 trades in H1 from 23.6 in H1 2025.

Costs controlled: Operating expenses declined year-on-year, with personnel and marketing costs lower, showing the platform’s operating leverage and helping earnings grow faster than revenue.

Outlook themes: Management pointed to savings plans, the upcoming German pension reform, and expanded DEGIRO rollout as key growth drivers, while saying the short-term P&L impact from pension products will be very minor.