Stock Markets June 26, 2026 05:34 AM

FlatexDEGIRO accelerates 2027 profit target, raises 2026 guidance as shares slip

Online broker lifts revenue and net income outlook for 2026 and says 2027 targets will be met a year early, while stock trades lower

By Avery Klein
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FlatexDEGIRO SE raised its full-year 2026 financial guidance after a strong first half driven by customer growth, higher trading activity and interest income. The company now expects about €650 million in revenues and roughly €200 million in net income, and says it will meet its previously stated 2027 net income goal one year ahead of schedule. Despite the upgrades, the share price was down 3% as of 05:34 ET (09:34 GMT).

FlatexDEGIRO accelerates 2027 profit target, raises 2026 guidance as shares slip
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Key Points

  • FlatexDEGIRO raised its 2026 Revenue guidance to about 650 million and its Net Income guidance to around 200 million.
  • Management said the company expects to achieve previously stated 2027 Net Income goals one year early, citing platform strength, strategy execution and growth opportunities in the European wealth market.
  • Shares were down 3% as of 05:34 ET (09:34 GMT) despite the upgraded guidance; sectors impacted include European wealth and retail brokerage, fintech platforms, and financial services tied to interest income.

Frankfurt-based online brokerage FlatexDEGIRO SE has updated its outlook for the full year 2026 after reporting robust business momentum in the first half, the company said in a statement Friday. Management increased its topline and profitability expectations and indicated that previously announced 2027 financial targets will be reached one year earlier than planned.

The firm now anticipates Revenues of around 650 million for 2026, revised up from prior guidance that implied roughly 588-616 million based on 5-10 percent growth. Net Income guidance was also lifted, with the company expecting approximately 200 million, compared with the earlier range corresponding to 5-15 percent growth or roughly 168-184 million.

Despite the upgraded outlook, shares of FlatexDEGIRO were trading lower, down 3% as of 05:34 ET (09:34 GMT) on Friday.

Management framed the stronger guidance as the result of several operating trends. In its statement, the company cited higher customer cash balances in a more positive interest rate environment, an expanding margin loan book, and a more active treasury strategy. Management also pointed to continued customer acquisition and product expansion, and said that costs remain well under control.

"Only sixteen months ago, we set ourselves the ambitious objective of almost doubling Net Income by 2027 to around 200 million. Achieving this target a full year ahead of schedule demonstrates the strength of our platform, the execution of our strategy and the structural growth opportunities that continue to emerge across the European wealth market," said CEO Oliver Behrens in the company's statement.

"We expect to convert approximately 16 percent Revenue growth into approximately 25 percent growth in Net Income," added CFO Dr. Benon Janos.

The company noted that an expected 200 million in Net Income in 2026 would represent the third consecutive year in which annual profitability increased by at least 40 million. Management said it plans to present updated medium-term ambitions together with preliminary full-year 2026 results in February 2027, and that those targets will be set from a "higher starting point than previously anticipated."


Summary of the revision and near-term timeline:

  • Revised full-year 2026 Revenue target: around 650 million.
  • Revised full-year 2026 Net Income target: around 200 million.
  • Company expects to hit its 2027 Net Income objective one year earlier than planned.
  • Preliminary full-year 2026 results and new medium-term ambitions scheduled for February 2027.

The company attributed its upgraded outlook to a combination of interest income, trading activity, customer growth and treasury measures. Management emphasized controlled costs and continued product and customer expansion as supporting elements for margin improvement and profit growth.

Risks

  • Market reaction - the share price fell 3% on the news, indicating potential near-term stock volatility in the brokerage and fintech sectors.
  • Dependence on interest-related drivers - the outlook is supported by higher customer cash balances and a more positive interest rate environment, so changes to those conditions could affect expected Interest Income and results.
  • Execution factors - growth assumptions rely on an expanding margin loan book, a more active treasury strategy, and ongoing customer acquisition and product expansion; failure to maintain cost control or execution could pose upside risks to profitability projections.

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