Germany's flatexDEGIRO prelim Q1 revenue, net income rise

flatexDEGIRO SE

22/04/2026 17:12

Overview

Germany online brokerage's preliminary Q1 revenue rose 19% yr/yr

Preliminary Q1 net income grew 28% yr/yr to EUR 54 mln, driven by commission and interest income

Operating expenses rose 13% yr/yr, but at a slower pace than revenue

Outlook

Company confirms 2026 revenue guidance of EUR 588 mln to EUR 616 mln, up 5-10%

Company expects 2026 net income of EUR 168 mln to EUR 184 mln, up 5-15%

flatexDEGIRO reaffirms 2027 targets for revenue of around EUR 650 mln and net income of EUR 200 mln

Result Drivers

COMMISSION INCOME - Revenue growth driven by higher transaction volumes and increased average commissions per transaction, supported by market volatility

INTEREST INCOME - Interest income rose 14% year-on-year due to higher customer cash balances, increased margin loan utilization, and active treasury management, offsetting lower interest rates

OPERATING LEVERAGE - Operating expenses grew at a slower pace than revenues, with higher marketing spend offset by lower personnel costs, supporting a disproportionate rise in net income

Company press release: ID:nEQbrx1Vpa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
EUR 173.60 mln
EUR 165 mln (1 Analyst)
Q1 EBITDA
EUR 87.20 mln
Q1 EBITDA Margin
50.20%


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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.)