XTB Q3 2026 net profit quadruples to PLN 213.7 million as active clients rise 70%. Warsaw-listed broker XTB has reported preliminary consolidated net profit of PLN 213.7 million for the third quarter of 2026, up 301.4% from PLN 53.2 million a year earlier, as its active client base grew 70.3% despite lower trading activity. XTB's institutional business operates as X Open Hub (@XOpenHub). The figures were published in a current report on 28 October 2026. XTB will publish its full quarterly report on 20 November. Revenue and costs. Consolidated operating revenue rose to PLN 623.3 million from PLN 375.8 million in Q3 2025, an increase of about 66%. Operating expenses rose to PLN 397.6 million from PLN 322.7 million, including marketing costs of PLN 187.3 million. Against the second quarter, when XTB reported revenue of PLN 992.3 million and net profit of PLN 492.2 million, revenue fell 37% and net profit fell 57%. According to Finance Magnates, the result was above the average analyst forecast of PLN 200.8 million. For the first nine months of 2026, consolidated net profit reached PLN 1.24 billion. That compares with.

XTB with net profit of PLN 213.7 million in Q3. Result above analysts' forecasts. published: 2026-10-28 17:54 XTB published preliminary financial results for Q3 on Wednesday. It generated PLN 213.7 million in consolidated net profit in the quarter. This means an increase of 301.4%. The result is clearly lower than in the two previous quarters, but better than the average and median forecasts collected before publication by "Puls Biznesu". Profit above consensus, revenue below. According to forecasts from six of the eight brokerage houses reached by "PB", average expectations were PLN 661 million in revenue and PLN 201 million in net profit. The medians were lower: PLN 630 million and PLN 185 million. Net profit of PLN 213.7 million is about 6% higher than the average forecast and about 15% higher than the median. XTB's operating revenue amounted to PLN 623.3 million in Q3. This means an increase of 65.9%. It is about 6% lower than the average and about 1% lower than the median of market forecasts. XTB's net profit accounted for about 34% of revenue, while the consensus implied about 30%. Operating profit (EBIT) reached PLN 225.7 million, which means an increase of 324.5%. A clear slowdown, as analysts had predicted. "PB" wrote that, according to analysts, results would return to "normality" and would resemble Q4 2025 rather than those achieved in Q1 and Q2 2026. The data confirm this. In Q2, revenue was PLN 992.3 million and net profit was PLN 492.2 million. In Q1, these were PLN 1,094.0 million and PLN 535.0 million, respectively. In Q3, revenue therefore fell by about 37% quarter on quarter, and net profit by about 57% quarter on quarter. The reference point indicated by "PB" was Q4 2025, when XTB earned PLN 181 million on PLN 610 million in revenue. Revenue in Q3 2026 was about 2% higher, and net profit about 18% higher. In a comment on the results, the management board indicates that Q3 was marked by lower activity in financial and commodity markets than in Q1 and Q2. At the same time, elevated volatility in commodity instruments persisted. Profitability per lot higher than forecast. Mikołaj Lemańczyk from mBank Brokerage Office expected profitability per lot at PLN 245 versus PLN 484 in Q2. In fact, it amounted to PLN 301, i.e. about 23% more than in his forecast. Compared with Q2, this means a decrease of about 38%, but compared with PLN 152 in Q3 2025, an increase of 98.1%. CFD turnover in lots amounted to 1.71 million and was 18.3% lower than a year earlier. Compared with Q2, when it amounted to 1.83 million, it fell by about 7%. More than 70% more active clients. Revenue was supported by the growing client base. The number of active clients in the quarter rose by 70.3% year on year to 1.56 million. XTB acquired 335.7 thousand new clients, which means an increase of 51.4%. The total number of clients reached 3.13 million. The management board reports that in the first 27 days of October, XTB acquired over 100.6 thousand new clients. The ambition for 2026 is an average of at least 250-290 thousand new clients per quarter. Gold the most profitable instrument of the quarter. The report shows that the structure of gross profit on instruments shifted strongly in Q3 toward commodities. The share of commodity-based CFDs rose to 70.8% from 48.5% a year earlier. The company attributes this to the high profitability of transactions in gold, oil, natural gas and silver. The share of index CFDs fell to 12.0% from 32.4%. Gold was the most profitable instrument of the quarter (24.81% of gross profit on instruments), ahead of oil (19.77%). Costs lower than mBank's forecast. Mikołaj Lemańczyk from mBank Brokerage Office estimated that XTB's operating costs would increase by 39%. In fact, they amounted to PLN 397.6 million and were 23.2% higher than a year earlier. The management board attributes the increase of PLN 75.0 million mainly to marketing costs, which amounted to PLN 45.8 million. Results for nine months and capital. After three quarters of 2026, XTB's revenue amounted to PLN 2,709.6 million, which means an increase of 76.4%. Net profit reached PLN 1,240.9 million versus PLN 463.3 million a year earlier. At the end of September, the company had PLN 2,914.6 million in own cash, and including bonds PLN 3,134.8 million. Equity amounted to PLN 2,778.9 million.

XTB's quarterly profit quadruples and beats forecasts as clients trade less. Wednesday, 28/10/2026 | 12:00 GMT-7 by Damian Chmiel * The PLN 213.7 million result topped the analyst average by 6.4% but was less than half the second quarter's. * Revenue rose 66% as the broker made almost twice as much per lot, mostly on gold, oil and gas contracts. XTB's third-quarter net profit rose fourfold from a year earlier to PLN 213.7 million (about $54 million), the Warsaw-listed broker said today (Wednesday). The preliminary figure came in 6.4% above the PLN 200.8 million average of five analyst forecasts. That is still less than half the PLN 492.2 million XTB earned in the second quarter, a drop analysts had expected as markets calmed. Revenue rose 65.9% year on year to PLN 623.3 million, although clients traded 18.3% fewer contracts for difference (CFDs) measured in lots. XTB earned PLN 301 per lot, almost double the PLN 152 of a year earlier, as commodity CFDs produced 70.8% of its gross result on financial instruments. Revenue grew faster than at london-listed rivals. Of the three listed CFD providers that have reported the July-September quarter, XTB posted the fastest revenue growth. XTB's growth was about six times Plus500's, by FinanceMagnates.com's calculation, though its revenue was still 37.2% below the PLN 992.3 million of a second quarter in which profit beat forecasts and the shares hit a record. Gold, oil and gas carried the trading result. XTB said the quarter brought less activity on financial and commodity markets than the first half, with volatility staying high in commodities and markets calmer on stock indices. Commodity CFDs, led by gold, crude oil, natural gas and silver, generated 70.8% of the gross result on financial instruments, against 48.5% a year earlier. That share was 60.5% in the second quarter, FM Intelligence data show. Index CFDs fell to 12.0% from 32.4%. Stocks and exchange-traded funds (ETFs), grouped as other instruments, rose to 12.3% from 8.3%. More clients, higher marketing bill. XTB added 335,704 new clients in the quarter, up 51.4% from a year earlier and slightly more than the 333,292 of the second quarter. Its client base reached 3.14 million, while active clients rose 70.3% to 1.57 million. Net deposits rose to PLN 5.65 billion from PLN 3.23 billion a year earlier, the company said. Operating costs increased 23.2% year on year to PLN 397.6 million, mainly because marketing spending rose by PLN 45.8 million to PLN 187.3 million. Costs fell by PLN 22.1 million from the second quarter as online marketing was cut. The next push began after the quarter closed. XTB started what it calls its biggest advertising campaign on October 1, featuring footballer Zlatan Ibrahimović and boxer Tyson Fury on four continents. The company said it signed up more than 100,600 new clients in the first 27 days of October, against its goal of an average of 250,000 to 290,000 a quarter in 2026. It still expects 2026 operating costs up to about 30% higher than in 2025, with marketing up about 50%. Nine-Month profit nearly double all of 2025. For the first nine months, net profit reached PLN 1.24 billion, against PLN 463.3 million a year earlier and PLN 644.2 million for all of 2025. The first half had already brought a record 703,333 new clients, though CFDs generated 96% of the trading result. XTB will discuss the figures at a results conference tomorrow (Thursday) and publish its full quarterly report on November 20. Damian Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia. His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates' quarterly industry benchmarking reports. Damian's reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch. Education: MA in Finance and Accounting, Cracow University of Economics * 4118 Articles * 119 Followers