XTB Reports Record Revenues and Client Growth in Q1 2025

XTB has announced its preliminary results for the first quarter (Q1) of 2025, showcasing record-breaking revenues and impressive new client acquisitions. However, increased operational costs resulted in a modest rise in net profit compared to the previous quarter.

XTB Reports Record Revenues and Client Growth in Q1 2025

Let’s start:

Revenues and Profits

XTB recorded revenues of PLN 580 million (USD 155 million) for Q1 2025, marking a significant 25% increase from the previous quarter’s USD 124 million. Despite this strong revenue growth, net profit rose by less than 1% quarter-on-quarter to PLN 194 million (USD 52 million), slightly up from USD 51 million in Q4 2024. However, net profit was significantly lower than the company’s most profitable quarter in Q1 2024, which saw earnings of USD 81 million.

Trading Volumes

Trading volumes during Q1 2025 surged to a record $313 billion per month, a 29% increase from the previous quarter’s $242 billion. Despite this volume growth, XTB’s profitability per $1 million of transaction volume dropped slightly to $144 from $147 in Q4 2024.

Client Acquisition and Growth

XTB continued to expand its client base at a rapid pace. The company acquired 194,304 new clients in Q1 2025, up 49.8% from 129,747 in the same period last year. Active clients also reached an all-time high, growing by 76.5% year-on-year to 735,389, up from 416,607 in Q1 2024. This significant growth in both new and active clients underscores XTB’s expanding reach and appeal in the market.

Revenue by Asset Class

CFDs based on indices were the primary revenue contributor for XTB in Q1 2025, accounting for 52.3% of total revenues, up from 41.9% in Q1 2024. This increase is attributed to the strong performance of CFDs linked to major indices like the German DAX, the US 100, and the US 500. Commodity-based CFDs followed, contributing 29.1% to the company’s revenue, though down from 48.7% in the previous year. Currency-based CFDs accounted for 13.5% of revenues, a decrease from 23.2% in Q1 2024, with notable performances from cryptocurrency CFDs like Ripple and Bitcoin.

Expenses and Operating Costs

XTB’s operating expenses for Q1 2025 totaled PLN 315.8 million, a substantial increase of PLN 110.9 million compared to the same period in 2024. Key drivers of the cost increase included higher marketing expenses (up PLN 59.9 million), an increase in salaries and employee benefits (up PLN 22.2 million), and a rise in commission costs (up PLN 12.5 million). Furthermore, expenses for IT systems and services also saw an uptick, contributing an additional PLN 12.6 million to overall costs.

On a quarter-on-quarter basis, operating costs rose by PLN 48.0 million, primarily driven by a PLN 24.2 million increase in marketing expenses and a PLN 10.8 million rise in salaries due to increased employment.

Company Overview

XTB is a globally famous online brokerage and trading firm. Established in 2002, it became a premier retail Forex and CFD services provider. Operating across numerous countries, XTB is subject to regulation by esteemed financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Polish Financial Supervision Authority (KNF) in Poland. Renowned for its reliability, XTB offers exceptional customer support, an extensive range of forex and CFD options, and an exemplary trading environment. 

Discover more in our Complete Review.