Germany's FlatexDEGIRO prelim FY revenue up 17% on higher commission income

flatexDEGIRO SE

26/02/2026 07:15

Overview

Germany-based wealth platform's prelim FY 2025 revenue grew 17%, exceeding guidance

Net income rose 44% to EUR 160m, at top end of guidance

Company's customer base reached 3.5 mln, growing 13% YoY

Outlook

flatexDEGIRO expects 2026 revenue growth of 5% to 10%

Company anticipates 2026 net income growth of 5% to 15%

flatexDEGIRO plans increased marketing spend by EUR 10m in Germany

Result Drivers

COMMISSION INCOME - Driven by heightened market volatility and increased client activity, commission income rose 31% YoY to EUR 369m

INTEREST INCOME - Despite lower interest rates, interest income decreased only 4% YoY, aided by higher average cash levels and a more active treasury strategy

CUSTOMER BASE GROWTH - Customer base grew 13% YoY to 3.5 million, contributing to revenue growth

Company press release: ID:nEQ8gkPGha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
EUR 149.40 mln
EUR 138.50 mln (2 Analysts)
Q4 EBITDA
EUR 66.30 mln
Q4 EBITDA Margin
44.40%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 5 "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 €42.00, about 41.6% above its February 25 closing price of €29.66

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)