Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Jul 23, 2026
AI Summary
Q2 2026

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.

Key Financials
Settled transactions
EUR 21.9 million
Average trades per customer
25.1
Customer assets under custody
over EUR 100 billion
Net cash inflows
EUR 2.0 billion
Net cash inflows
EUR 5.2 billion
Gross profit
EUR 145 million
Net commission income
EUR 90 million
Net interest income
EUR 50 million
Operating expenses
declined year-on-year
Personnel expenses
EUR 24 million
Marketing and advertising expenses
EUR 9 million
Other administrative expenses
EUR 14 million
Operating profit
EUR 85 million
Net income
EUR 61 million
Net income
EUR 115 million
Transaction-related commission income
EUR 102 million
Other commission income
EUR 5 million
Commission per transaction
EUR 4.64
Treasury book
EUR 1.3 billion
Average treasury yield
around 2.3%
Deposits as a Service volume
around EUR 11 billion to EUR 12 billion
Corporate cash interest income
shy of EUR 10 million on a full year basis
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