XTB (9PR) Stock Overview

Provides ETF, currency derivatives, commodities, indices, stocks, and bonds brokerage services in Central and Eastern Europe, Western Europe, Latin America, and the Middle East. More details

9PR fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	5/6
Financial Health	5/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (15.4x) is below the German market (16.9x)

Revenue is forecast to grow 8.44% per year

Earnings have grown 17.8% per year over the past 5 years

Risk Analysis

Earnings are forecast to decline by an average of 0.7% per year for the next 3 years

Volatile share price over the past 3 months compared to the German market

Unstable dividend track record

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XTB S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for XTB
Historical stock prices
Current Share Price	zł28.12
52 Week High	zł29.00
52 Week Low	zł15.02
Beta	0.16
1 Month Change	13.60%
3 Month Change	13.28%
1 Year Change	73.71%
3 Year Change	212.39%
5 Year Change	698.27%
Change since IPO	712.57%

Recent updates

Shareholder Returns

	9PR	DE Capital Markets	DE Market
7D	4.1%	-1.9%	-2.6%
1Y	73.7%	10.4%	-0.1%

Return vs Industry: 9PR exceeded the German Capital Markets industry which returned 10.6% over the past year.

Return vs Market: 9PR exceeded the German Market which returned -0.6% over the past year.

Price Volatility

Is 9PR's price volatile compared to industry and market?
9PR volatility
9PR Average Weekly Movement	9.7%
Capital Markets Industry Average Movement	4.3%
Market Average Movement	5.4%
10% most volatile stocks in DE Market	12.6%
10% least volatile stocks in DE Market	2.8%

Stable Share Price: 9PR's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: 9PR's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2004	1,553	Omar Arnaout	www.xtb.com

XTB S.A., together with its subsidiaries, provides ETF, currency derivatives, commodities, indices, stocks, and bonds brokerage services in Central and Eastern Europe, Western Europe, Latin America, and the Middle East. It operates in two segments, Retail Operations and Institutional Activity. The Retail operations segment engages in the provision of trading in financial instruments for individual customers.

XTB S.A. Fundamentals Summary

How do XTB's earnings and revenue compare to its market cap?
9PR fundamental statistics
Market cap	€3.51b
Earnings (TTM)	€227.61m
Revenue (TTM)	€728.92m

15.4x

P/E Ratio

4.8x

P/S Ratio

Is 9PR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
9PR income statement (TTM)
Revenue	zł3.16b
Cost of Revenue	zł219.47m
Gross Profit	zł2.94b
Other Expenses	zł1.95b
Earnings	zł985.28m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 28, 2026

Earnings per share (EPS)	8.38
Gross Margin	93.04%
Net Profit Margin	31.23%
Debt/Equity Ratio	8.5%

How did 9PR perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

49%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/13 21:21
End of Day Share Price	2026/07/10 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

XTB S.A. is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mikolaj Lemanczyk	Biuro maklerskie mBanku
Andrzej Powierza	Citigroup Inc
Lukasz Janczak	Erste Group Bank AG

XTB (9PR) Stock Overview

Rewards

Risk Analysis

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XTB S.A. Competitors

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Price History & Performance

Recent News & Updates

Investor sentiment improves as stock rises 20%

Now 21% undervalued

Upcoming dividend of zł4.07 per share

Now 22% undervalued

Dividend of zł4.07 announced

XTB S.A. (WSE:XTB) commences an Equity Buyback Plan for 80,000 shares, representing 0.07% for PLN 11.2 million. under the authorization approved on May 8, 2026.

Recent updates

Investor sentiment improves as stock rises 20%

Now 21% undervalued

Upcoming dividend of zł4.07 per share

Now 22% undervalued

Dividend of zł4.07 announced

XTB S.A. (WSE:XTB) commences an Equity Buyback Plan for 80,000 shares, representing 0.07% for PLN 11.2 million. under the authorization approved on May 8, 2026.

XTB S.A., Annual General Meeting, May 08, 2026

XTB S.A. announces Annual dividend, payable on June 24, 2026

XTB S.A., Annual General Meeting, May 14, 2025

XTB S.A. announces Annual dividend, payable on June 25, 2025

Third quarter 2024 earnings released: EPS: zł1.73 (vs zł1.03 in 3Q 2023)

Second quarter 2024 earnings released: EPS: zł1.36 (vs zł1.01 in 2Q 2023)

Now 25% undervalued

Investor sentiment deteriorates as stock falls 16%

New minor risk - Share price stability

Upcoming dividend of zł5.02 per share

XTB S.A. Announces Dividend for the Year 2023, Payable on June 20, 2024

First quarter 2024 earnings released: EPS: zł2.58 (vs zł2.57 in 1Q 2023)

XTB S.A., Annual General Meeting, May 23, 2024

Investor sentiment improves as stock rises 18%

XTB S.A. to Report Q3, 2024 Results on Nov 08, 2024

Third quarter 2023 earnings released: EPS: zł1.03 (vs zł2.01 in 3Q 2022)

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 16%

Second quarter 2023 earnings released: EPS: zł1.01 (vs zł1.94 in 2Q 2022)

Now 23% undervalued

Upcoming dividend of zł4.86 per share at 12% yield

Now 20% undervalued

XTB S.A., Annual General Meeting, Jun 30, 2023

Now 20% undervalued

Now 21% undervalued

Full year 2022 earnings released: EPS: zł6.53 (vs zł2.03 in FY 2021)

Now 21% undervalued

Now 20% undervalued

XTB S.A. to Report Q3, 2023 Results on Nov 08, 2023

Third quarter 2022 earnings released: EPS: zł2.01 (vs zł0.89 in 3Q 2021)

Second quarter 2022 earnings released: EPS: zł1.94 (vs zł0.21 loss in 2Q 2021)

First quarter 2022 earnings released

Upcoming dividend of zł1.50 per share

XTB Announces Dividend for the Year 2021

Investor sentiment improved over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS zł0.86 (vs zł0.58 in 3Q 2020)

Investor sentiment deteriorated over the past week

Second quarter 2021 earnings released: zł0.20 loss per share (vs zł1.00 profit in 2Q 2020)

First quarter 2021 earnings released: EPS zł0.76 (vs zł1.50 in 1Q 2020)

Investor sentiment deteriorated over the past week

X-Trade Brokers Dom Maklerski S.A., Annual General Meeting, Apr 12, 2021

XTB Brokerage Recommends DPS from 2020 Profit

Shareholder Returns

Price Volatility

About the Company

XTB S.A. Fundamentals Summary

Earnings & Revenue

Dividends

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources