XTB Reports Solid 2024 Results Despite Slower Q4 Performance

XTB has shared its preliminary financial results for the fourth quarter (Q4) and full year of 2024, revealing a slower Q4 performance compared to both the previous quarter and Q4 2023. However, the company remains optimistic after delivering solid results for the full year.

For Q4 2024, XTB reported revenues of PLN 465 million ($116 million), showing a slight decline of 1% from Q3’s $118 million. Net profit also fell by 6% on a quarter-on-quarter basis, totaling PLN 193 million ($48 million) compared to Q3’s $51 million. Despite the dip in Q4, XTB posted strong full-year results, with 2024 revenues reaching PLN 1,873 million ($468 million), up from 2023. Net profit for the year was PLN 859 million ($215 million), reflecting positive year-on-year growth.

XTB Reports Solid 2024 Results Despite Slower Q4 Performance

In Q4 2024, XTB’s monthly trading volumes averaged $242 billion, up 4% from the prior quarter. However, the profitability per $1 million in transaction volume decreased to 157 from 174 in Q3. XTB’s client base grew significantly in 2024, with 498,438 new clients acquired, a remarkable 59.8% increase year-on-year. Active clients also hit a record high, rising by 61.2% to 658,520.

Expenses and Investment Plans for 2025

Operating expenses for 2024 reached PLN 883.5 million, a significant rise from PLN 694.2 million in 2023. The increase was largely driven by higher marketing, employee benefits, and commission costs. XTB anticipates that operating expenses will rise by 40% in 2025 as it continues its expansion efforts.

Looking ahead, XTB plans to enhance its client offerings, including the introduction of retirement and long-term investment products. The company is also focusing on the development of its eWallet service and exploring opportunities in cryptocurrency trading as it prepares for potential regulatory changes in Poland.

XTB’s strategic initiatives for 2025 focus on expanding its global brand and growing its client base, with an emphasis on both retail and active investors.

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.