German online broker flatexDEGIRO's prelim Q2 revenue, net income up; raises FY outlook

flatexDEGIRO SE

22/07/2026 17:12

    

    Overview
  
Germany online broker's preliminary Q2 revenue rose 26% yr/yr, net income up 55%
Company attributes growth to higher commission and interest income, plus lower operating expenses
FlatexDEGIRO raised 2026 full-year forecast, expects revenue up 16% and net income up 25–43%

    

    Outlook
  
Company raises 2026 full-year revenue growth forecast to about 16%
Company expects 2026 net income to rise 25–43%, reaching €200–230 mln
Company expects to achieve or exceed 2027 targets for revenue and net income in 2026

    

    Result Drivers
  
COMMISSION INCOME - 29% rise in commission income driven by more settled transactions and higher average commissions per transaction
INTEREST INCOME - 23% increase in interest income supported by higher cash deposits, greater margin loan utilization, and stronger treasury activity
COST CONTROL - Operating expenses declined slightly, mainly due to a 21% drop in personnel expenses

    
Company press release: ID:nEQ6bzvRma

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
 
EUR 166.5 mln
EUR 160 mln (1 Analyst)

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment banking & brokerage services peer group is "buy"
Wall Street's median 12-month price target for flatexDEGIRO SE is €44.00, about 20.1% above its July 21 closing price of €36.64
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago

    

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)