XTB S.A.

WSE:XTB Stock Report

Market Cap: zł8.1b

XTB Past Earnings Performance

Past criteria checks 3/6

XTB has been growing earnings at an average annual rate of 19.7%, while the Capital Markets industry saw earnings declining at 6.3% annually. Revenues have been growing at an average rate of 23.4% per year. XTB's return on equity is 37%, and it has net margins of 34%.

Key information

19.66%

Earnings growth rate

19.61%

EPS growth rate

Capital Markets Industry Growth9.44%
Revenue growth rate23.38%
Return on equity37.05%
Net Margin33.97%
Last Earnings Update30 Sep 2025

Recent past performance updates

Recent updates

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

Oct 08
Insufficient Growth At XTB S.A. (WSE:XTB) Hampers Share Price

Why We Think Shareholders May Be Considering Bumping Up XTB S.A.'s (WSE:XTB) CEO Compensation

May 07
Why We Think Shareholders May Be Considering Bumping Up XTB S.A.'s (WSE:XTB) CEO Compensation

Subdued Growth No Barrier To XTB S.A. (WSE:XTB) With Shares Advancing 27%

May 06
Subdued Growth No Barrier To XTB S.A. (WSE:XTB) With Shares Advancing 27%

XTB's (WSE:XTB) Dividend Will Be Increased To PLN5.45

Apr 04
XTB's (WSE:XTB) Dividend Will Be Increased To PLN5.45

Weekly Picks: 📈 Okta’s Next Move, Atlassian’s AI Edge, and XTB's Growth Path

Mar 12
Weekly Picks: 📈 Okta’s Next Move, Atlassian’s AI Edge, and XTB's Growth Path

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

XTB S.A. (WSE:XTB) Might Not Be As Mispriced As It Looks

Jan 29
XTB S.A. (WSE:XTB) Might Not Be As Mispriced As It Looks

Here's Why We Think XTB (WSE:XTB) Might Deserve Your Attention Today

Oct 14
Here's Why We Think XTB (WSE:XTB) Might Deserve Your Attention Today

XTB S.A.'s (WSE:XTB) Shares Not Telling The Full Story

Sep 09
XTB S.A.'s (WSE:XTB) Shares Not Telling The Full Story

A Piece Of The Puzzle Missing From XTB S.A.'s (WSE:XTB) 25% Share Price Climb

May 23
A Piece Of The Puzzle Missing From XTB S.A.'s (WSE:XTB) 25% Share Price Climb

Fewer Investors Than Expected Jumping On XTB S.A. (WSE:XTB)

Feb 06
Fewer Investors Than Expected Jumping On XTB S.A. (WSE:XTB)

Does XTB (WSE:XTB) Deserve A Spot On Your Watchlist?

Sep 28
Does XTB (WSE:XTB) Deserve A Spot On Your Watchlist?

Should You Be Adding XTB (WSE:XTB) To Your Watchlist Today?

Jun 15
Should You Be Adding XTB (WSE:XTB) To Your Watchlist Today?

We Ran A Stock Scan For Earnings Growth And XTB (WSE:XTB) Passed With Ease

Mar 16
We Ran A Stock Scan For Earnings Growth And XTB (WSE:XTB) Passed With Ease

Is Now The Time To Put XTB (WSE:XTB) On Your Watchlist?

Oct 20
Is Now The Time To Put XTB (WSE:XTB) On Your Watchlist?

Here's Why I Think X-Trade Brokers Dom Maklerski (WSE:XTB) Is An Interesting Stock

May 20
Here's Why I Think X-Trade Brokers Dom Maklerski (WSE:XTB) Is An Interesting Stock

Does X-Trade Brokers Dom Maklerski (WSE:XTB) Deserve A Spot On Your Watchlist?

Feb 10
Does X-Trade Brokers Dom Maklerski (WSE:XTB) Deserve A Spot On Your Watchlist?

X-Trade Brokers Dom Maklerski S.A. (WSE:XTB) Has Got What It Takes To Be An Attractive Dividend Stock

Jan 08
X-Trade Brokers Dom Maklerski S.A. (WSE:XTB) Has Got What It Takes To Be An Attractive Dividend Stock

Revenue & Expenses Breakdown

How XTB makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

WSE:XTB Revenue, expenses and earnings (PLN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 251,9236539070
30 Jun 252,0858048110
31 Mar 251,8877487400
31 Dec 241,8588576580
30 Sep 241,9019165970
30 Jun 241,7108335690
31 Mar 241,6107915340
31 Dec 231,6067915250
30 Sep 231,3365925060
30 Jun 231,4477084810
31 Mar 231,5618164660
31 Dec 221,4497664180
30 Sep 221,4157843690
30 Jun 221,2236523330
31 Mar 228804012850
31 Dec 216262382520
30 Sep 215832102380
30 Jun 215221742190
31 Mar 216713152160
31 Dec 207994022070
30 Sep 207463991830
30 Jun 206683461700
31 Mar 205122331510
31 Dec 19238581240
30 Sep 19189251230
30 Jun 1917761210
31 Mar 19214431190
31 Dec 182881011180
30 Sep 183241301150
30 Jun 183491641100
31 Mar 183321421060
31 Dec 17276931040
30 Sep 172981111060
30 Jun 17266841070
31 Mar 17230561230
31 Dec 16253781280
30 Sep 16219441290
30 Jun 16272901290
31 Mar 163091011120
31 Dec 152881191020
31 Dec 1416877840

Quality Earnings: XTB has high quality earnings.

Growing Profit Margin: XTB's current net profit margins (34%) are lower than last year (48.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: XTB's earnings have grown by 19.7% per year over the past 5 years.

Accelerating Growth: XTB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: XTB had negative earnings growth (-28.7%) over the past year, making it difficult to compare to the Capital Markets industry average (-11.7%).

Return on Equity

High ROE: XTB's Return on Equity (37%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/18 18:26
End of Day Share Price 2025/11/18 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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 4 analysts. 2 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
Lukasz JanczakErste Group Bank AG
Michal KuzawinskiJ.P. Morgan