XTB Publishes Q3 2024 Results: Revenues Up 67%, Net Profit Up 68%

XTB, a stock exchange-listed FX and CFDs broker, has published its preliminary financial and operating results for the third quarter of 2024 (Q3 2024), reporting growth in key performance indicators.

In Q3 2024, XTB’s revenues amounted to PLN 470,2 million, an increase of 67.3% year-over-year (YoY), driven by high volatility on financial and commodity markets in July and August and the constantly growing number of active clients connected with their high transaction activity.

The volume of transactions in CFD instruments amounted to 1,912,400 lots, down from Q3 2023’s 2,011,500 lots, while profitability per lot amounted to PLN 246 compared to Q3 2023’s PLN 140.

Operating expenses amounted to PLN 208.5 million, PLN 43.5 million higher than in the same period of the previous year.

XTB achieved a consolidated net profit in Q3 2024, which amounted to PLN 203.8 million, an increase of 68.3% compared to PLN 121.1 million a year earlier. 

The Group acquired 108,104 new clients in the quarter compared to 67,505 a year earlier, an increase of 60.1% YoY. The number of active clients was at a record high, increasing from 281,101 to 474,117, an increase of 68.7% YoY.