EarningsQ2 2025 Earnings Report

flatexDEGIRO AG (FTK) Q2 2025 Earnings Report

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Previous Report: Q4 2024

Next Report: Q4 2025

CH:FTK Q2 2025 EPS Results

Actual EPSCHF0.74

Consensus EPSCHF0.69

Beat/MissBeat by +CHF0.05

One Year Ago EPSCHF0.53

CH:FTK Q2 2025 Revenue Results

Actual RevenueCHF260.55M

Expected RevenueCHF123.50M

Beat/MissBeat by +CHF137.05M

YoY Revenue Growth+15.19%

Earnings Announcement Details

QuarterQ2 2025

Date07/22/2025

TimeDuring Market Hours

Conference CallTuesday, July 22, 2025

CH:FTK Upcoming Earnings

flatexDEGIRO AG's next earnings date is estimated for March 1, 2027, based on past reporting schedules.

Q2 2025 Earnings Call Audio

No earnings call audio is available for this earnings event.

Q2 2025 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2025 Earnings Call Summary

Q2 2025

Earnings Call Date:Jul 22, 2025|

% Change Since:

Earnings Call Sentiment|Positive

The earnings call reflected a strong performance with record revenues and growth in customer base and assets under custody. Effective cost management and positive trading metrics were highlighted. However, there were concerns about delays in the international rollout of crypto trading, a decline in interest income, and potential interest rate headwinds. Overall, the positives outweighed the negatives, but challenges remain.

Company Guidance

During the flatexDEGIRO Analyst Call for H1 2025 results, significant guidance was provided highlighting a record half-year performance in terms of both top and bottom-line metrics. The company is on track to achieve over EUR 0.5 billion in revenues and anticipates a 15% to 25% increase in net income. Achievements were driven by a record-setting first half, aided by market volatility and strategic platform captures, especially in U.S. trading. The company noted a substantial increase in assets under custody, reaching EUR 83 billion, marking a 37% year-on-year growth. Gross customer additions amounted to approximately 103,000, a 22% increase year-on-year. Commission income rose by 28% year-on-year, and the average commission per trade increased to EUR 4.72. Personnel expenses rose mainly due to provisions for long-term compensation, while marketing expenses decreased, reflecting cost efficiency. The company also updated its full-year guidance, expecting revenue growth of 4% to 8% and net income between EUR 128 million and EUR 139 million, indicating a strong operational leverage. Additionally, the company's ongoing strategic initiatives, including crypto trading and securities lending, are progressing with updates expected shortly.

Record Half-Year Performance

Achieved a record half year in both top line and bottom line. Raised full-year guidance aiming for more than EUR 0.5 billion in revenues and a 15% to 25% increase in net income.

Strong Customer Growth

Gross customer additions increased by 22% year-on-year, with positive net cash inflows of EUR 2.5 billion in Q2, representing a significant increase of over 70% year-on-year.

Effective Cost Management

Reduced other administrative expenses by 20% year-on-year and maintained personnel expenses despite wage inflation and provisions for personnel measures.

Increased Assets Under Custody

Assets under custody reached a new record with more than EUR 83 billion, growing 37% year-on-year and 10% quarter-on-quarter.

Positive Trading and Revenue Metrics

Commission income increased by 28% year-on-year, and the average commission per transaction rose by 9% year-over-year.

Crypto Trading and Securities Lending Progress

Initial launch of crypto trading in Germany with promising results; securities lending on track for Q4 rollout in key markets.

CH:FTK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Mar 01, 2027	2026 (Q4)	0.96 / -	0.795	―
Jul 22, 2026	2026 (Q2)	0.99 / 1.02	0.739	38.48% (+0.28)
Feb 26, 2026	2025 (Q4)	0.75 / 0.80	0.459	73.47% (+0.34)
Jul 22, 2025	2025 (Q2)	0.69 / 0.74	0.533	38.60% (+0.21)
Feb 25, 2025	2024 (Q4)	0.47 / 0.46	0.431	6.52% (+0.03)
Jul 23, 2024	2024 (Q2)	0.23 / 0.53	0.253	111.11% (+0.28)
Feb 27, 2024	2023 (Q4)	0.47 / 0.43	0.281	53.33% (+0.15)
Jul 24, 2023	2023 (Q2)	0.28 / 0.25	0.374	-32.50% (-0.12)
Feb 27, 2023	2022 (Q4)	0.22 / 0.28	0.168	66.67% (+0.11)
Aug 30, 2022	2022 (Q2)	0.32 / 0.37	0.449	-16.67% (-0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed