XTB S.A.

WSE:XTB Stock Report

Market Cap: zł19.8b

XTB Management

Management criteria checks 3/4

XTB's CEO is Omar Arnaout, appointed in Jan 2017, has a tenure of 9.58 years. total yearly compensation is PLN2.21M, comprised of 66.3% salary and 33.7% bonuses, including company stock and options. directly owns 0.053% of the company’s shares, worth PLN10.47M. The average tenure of the management team and the board of directors is 10.4 years and 1.8 years respectively.

Key information

Omar Arnaout

Chief executive officer

zł2.2m

Total compensation

CEO salary percentage66.29%
CEO tenure9.6yrs
CEO ownership0.05%
Management average tenure10.4yrs
Board average tenure1.8yrs

Recent management updates

Recent updates

Analysis Article • Aug 01

Revenue Beat: XTB S.A. Beat Analyst Estimates By 19%

It's been a good week for XTB S.A. ( WSE:XTB ) shareholders, because the company has just released its latest...
Analysis Article • May 06

With EPS Growth And More, XTB (WSE:XTB) Makes An Interesting Case

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Jan 19

With XTB S.A. (WSE:XTB) It Looks Like You'll Get What You Pay For

With a median price-to-earnings (or "P/E") ratio of close to 13x in Poland, you could be forgiven for feeling...
Analysis Article • Oct 08

Insufficient Growth At XTB S.A. (WSE:XTB) Hampers Share Price

When close to half the companies in Poland have price-to-earnings ratios (or "P/E's") above 14x, you may consider XTB...
New Narrative • Mar 10

XTB's Path to 100–120 PLN by 2028 Amid Market Volatility

Stock Price Performance: XTB hit an all-time high of 78.00 PLN on January 21, 2025, with a market cap around 7.89 billion PLN (as per TradingView data). Its all-time low was 2.92 PLN in September 2019

CEO Compensation Analysis

How has Omar Arnaout's remuneration changed compared to XTB's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

zł1b

Mar 31 2026n/an/a

zł985m

Dec 31 2025zł2mzł1m

zł644m

Sep 30 2025n/an/a

zł653m

Jun 30 2025n/an/a

zł804m

Mar 31 2025n/an/a

zł748m

Dec 31 2024zł2mzł1m

zł857m

Sep 30 2024n/an/a

zł916m

Jun 30 2024n/an/a

zł833m

Mar 31 2024n/an/a

zł791m

Dec 31 2023zł2mzł1m

zł791m

Sep 30 2023n/an/a

zł592m

Jun 30 2023n/an/a

zł708m

Mar 31 2023n/an/a

zł816m

Dec 31 2022zł2mzł986k

zł766m

Sep 30 2022n/an/a

zł784m

Jun 30 2022n/an/a

zł652m

Mar 31 2022n/an/a

zł401m

Dec 31 2021zł1mzł745k

zł238m

Sep 30 2021n/an/a

zł210m

Jun 30 2021n/an/a

zł174m

Mar 31 2021n/an/a

zł315m

Dec 31 2020zł2mzł737k

zł402m

Sep 30 2020n/an/a

zł399m

Jun 30 2020n/an/a

zł346m

Mar 31 2020n/an/a

zł233m

Dec 31 2019zł735kzł486k

zł58m

Compensation vs Market: Omar's total compensation ($USD595.32K) is about average for companies of similar size in the Polish market ($USD778.31K).

Compensation vs Earnings: Omar's compensation has been consistent with company performance over the past year.

CEO

Omar Arnaout

9.6yrs
Tenure
zł2,213,000
Compensation

Mr. Omar Arnaout serves as President of the Management Board and Chief Executive Officer at X-Trade Brokers Dom Maklerski S.A. since March 23, 2017. He served as a Vice President of the Management Board si...

Leadership Team

NamePositionTenureCompensationOwnership
Omar Arnaout
Chairman of the Management Board & CEO9.6yrszł2.21m0.053%
PLN 10.5m
Pawel Szejko
CFO & Member of the Management Board11.8yrszł1.09m0.030%
PLN 5.9m
Filip Kaczmarzyk
Director of Trading Department & Member of the Management Board11.3yrszł1.51m0.037%
PLN 7.3m
Bartosz Osinski
Member of Management Board for Riskless than a yearzł120.00k0.0010%
PLN 203.4k
10.4yrs
Average Tenure

Experienced Management: XTB's management team is seasoned and experienced (10.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Aleksander Chlopecki
Independent Chairman of the Supervisory Board1.6yrszł117.00kno data
Grzegorz Grabowicz
Independent Member of the Supervisory Board7.8yrszł73.00kno data
Jakub Zablocki
Member of the Supervisory Board1.3yrsno data35.78%
PLN 7.1b
Ewa Stefaniak
Independent Member of Supervisory Board1.8yrszł74.00kno data
Katarzyna Dabrowska
Independent Member of Supervisory Board1.8yrszł75.00kno data
Bartosz Zablocki
Member of the Supervisory Board10.9yrszł75.00kno data
1.8yrs
Average Tenure

Experienced Board: XTB's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/07 22:56
End of Day Share Price 2026/08/07 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mikolaj LemanczykBiuro maklerskie mBanku
Andrzej PowierzaCitigroup Inc
Lukasz JanczakErste Group Bank AG