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Warsaw-listed broker XTB has reported preliminary consolidated net profit of PLN 213.7 million for the third quarter of 2026, up 301.4% from PLN 53.2 million a year earlier, as its active client base grew 70.3% despite lower trading activity. XTB's institutional business operates as X Open Hub (@XOpenHub).
The figures were published in a current report on 28 October 2026. XTB will publish its full quarterly report on 20 November.
Revenue And Costs
Consolidated operating revenue rose to PLN 623.3 million from PLN 375.8 million in Q3 2025, an increase of about 66%. Operating expenses rose to PLN 397.6 million from PLN 322.7 million, including marketing costs of PLN 187.3 million.
Against the second quarter, when XTB reported revenue of PLN 992.3 million and net profit of PLN 492.2 million, revenue fell 37% and net profit fell 57%. According to Finance Magnates, the result was above the average analyst forecast of PLN 200.8 million.
For the first nine months of 2026, consolidated net profit reached PLN 1.24 billion. That compares with a record first quarter earlier in the year.
Clients And Trading Activity
XTB acquired 335,704 new clients in the quarter, up from 221,762 a year earlier. Active clients rose to 1,566,408 from 919,976, and the total number of clients reached 3,138,918 at the end of September. Net deposits were PLN 5.65 billion, and client assets stood at PLN 56.18 billion.
The number of CFD contracts traded fell 18.3% year on year to 1,710,009 lots, while profitability per lot rose to PLN 301 from PLN 152. Commodity CFDs generated 70.8% of the gross result on financial instruments, index CFDs 12.0% and stocks and ETFs 12.3%.
Outlook
XTB acquired more than 100,600 new clients in the first 27 days of October. The board aims to add an average of at least 250,000 to 290,000 new clients per quarter in 2026, and estimates that total operating expenses this year could be about 30% higher than in 2025, with marketing spending up about 50%. For 2027 to 2029 it expects marketing expenditure to grow by about 30% to 40% a year.
During the quarter, XTB launched spot crypto trading in Chile with 46 cryptoassets, following its launch in Cyprus under a CySEC authorisation. It has also introduced an improved version of Investment Plans that adds stocks to ETF portfolios, and plans to offer OKI personal investment accounts in Poland from January 2027. The broker has continued to expand its product range beyond CFDs, and this week received a portfolio management permit from Poland's KNF.
The Management Board at XTb said, "The third quarter of 2026 was marked by lower activity in financial and commodity markets compared to Q1 and Q2 of the current year....The Management Board's priority is the continued growth of the client base, aimed at strengthening XTB's market position globally by reaching mass-market clients with its product offering.
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