XTB Sees Revenue Surge as Index CFDs Lead

At the beginning of 2025, XTB sees a revenue surge as a major shift in its revenue composition takes place, with contracts for difference (CFDs) generating over 97% of its income and index-based CFDs leading the way. Index CFDs accounted for 52.3% of total revenue, a significant increase from 41.9% in the same quarter last year. 

This change reflects a clear evolution in client trading preferences. “Omar Arnaout, CEO of XTB, stated, ‘The first quarter of 2025, in terms of market characteristics, particularly the presence of long and distinct trends, was similar to the fourth and third quarters of 2024,’ highlighting the consistency in market conditions that contributed to the company’s revenue surge.”

German DAX, US 100, and US 500 index CFDs delivered particularly strong performance, further solidifying the trend. Although commodity-based CFDs still contributed notably, their share fell to 29.1%, down from 48.7% a year ago, despite solid gains in natural gas, coffee, and gold contracts. Currency CFDs also declined to 13.5% from 23.2%. 

XTB Sees Revenue Surge as Index CFDs Lead

Nevertheless, overall CFD revenue surged, and XTB shares rose 6% on Tuesday, reaching new all-time highs at nearly PLN 83.80. Client activity also soared, with the number of active users on April 7 tripling compared to the peak during the COVID-19 announcement, according to Filip Kaczmarzyk, Head of Trading, and a member of XTB’s Management Board

The firm’s client base expanded by 49.8%, and active clients increased by 76.5%. Transaction volumes jumped 24.9% in lots and 61.2% in nominal value, although profitability per lot dropped to PLN 277 from PLN 344, suggesting tighter margins amid high-frequency or range-bound trading. XTB’s dependence on index CFDs signals a strategic shift toward equity market activity. However, the company admitted that this model remains sensitive to market volatility. 

It warned, “The Group’s operating income and profitability may decline in periods of low activity on the financial and commodity markets.” Despite rising operating expenses, which climbed 54.1% to PLN 315.8 million, XTB reported total operating income of PLN 580.3 million, up 4.4% year-over-year.

Yet, net profit fell to PLN 193.9 million from PLN 302.7 million, mainly due to a 73.9% increase in marketing costs. Still, the company remains focused on long-term growth, eyeing up to 210,000 new clients per quarter in 2025 and planning to expand its offerings to include cryptocurrency and options trading.

Getting to Know the Stock Broker 

• XTB is a top global brokerage for Forex and CFDs. 
• The FCA and KNF regulate it. 
• Known for reliability and excellent customer support. 
• Also, it offers extensive educational resources and research. 

Also, check out Stock Brokers Reviews for the latest enhancements and take your trading to the next level!