Saxo Bank Reports Record H1 2026 Revenue and Net Profit 

Saxo Bank has reported its strongest-ever half-year (H1) 2026 financial performance, recording revenue of DKK 2.803 billion ($436 million) and net profit of DKK 648 million ($101 million) for the first six months of 2026. Both figures represent records for the Copenhagen-based retail FX and CFDs broker over a six-month reporting period.

The results mark a recovery from the second half of 2025, when Saxo reported a 2% revenue decline and a slight net loss. The latest performance also comes during a significant ownership and management transition, with Safra Group taking control of the bank during the first half of 2026 and Daniel Belfer assuming the CEO position.

Saxo Bank Reports Record H1 2026 Revenue and Net Profit Following Ownership Change

Saxo attributed the improved performance to strong commercial momentum and the execution of its strategic priorities. Trading activity remained robust, supported by positive sentiment across equity markets approaching record levels and increased volatility in commodities, particularly oil and precious metals.

During the reporting period, the bank continued focusing on expanding its global client and partner base, strengthening its market position, and investing in its trading platforms and product offering. Its plans for the coming months include additional marketing expenditure, improvements to client services, and further investment in artificial intelligence and other business-critical areas.

Commenting on the results, CEO Daniel Belfer said the bank had delivered the best half-year financial performance in its history. He highlighted growth in the client base, with new investors choosing Saxo and existing customers and partners entrusting the bank with a growing share of their investments.

Saxo Bank Maintains 2026 Profit Outlook

Despite the record performance, Saxo acknowledged that its business remains exposed to fluctuations in currency, equity and commodity markets, as well as changing interest rates. Geopolitical tensions and macroeconomic uncertainty continue to influence global financial markets.

The bank expects its competitive global market offering and continued platform development to support organic client growth and improve operational leverage. However, additional marketing and technology investments are expected to increase its cost base during 2026.

Saxo maintained its full-year net profit forecast of DKK 1 billion to DKK 1.1 billion, citing potential market volatility, inflationary pressures and changes in central bank policy as factors that could influence its financial performance.

Company Overview

Saxo Bank stands out as a premier multi-asset broker, offering exceptional research capabilities and an exceptional trading platform, along with an impressive array of over 70,000 tradable instruments, which include spot forex, FX options, NDFs, CFDs, stocks, stock options, exchange-traded funds, ETNs, futures, and 33,000 bonds. For engaged traders, Saxo Bank offers a comprehensive and immersive trading journey, boasting an extensive toolkit, research resources, and premium features.

Discover more in our Complete Review.