XTB Achieves Record $155M Revenue in Q1 2025 While Maintaining Flat Profits Amid Rising Costs
International forex and CFD broker XTB announced a remarkable revenue of $155 million for the first quarter of 2025, marking its strongest financial performance since the company’s founding in 2004.
Despite achieving this record, XTB experienced flat profits due to significant operational costs tied to customer acquisition and technological investments. As XTB continues to broaden its services, the market will be closely watching how it manages global demand while controlling its expenses.
Reasons Behind XTB’s $155 Million Q1 Revenue
The surge in revenue can be attributed to a dramatic increase in trading volumes, particularly a 25% rise in CFD lots traded, increasing from 1.53 million in Q1 2024 to 1.91 million in Q1 2025.
- Breakdown by Asset Class: According to recent reports, CFD trading revenue was predominantly driven by:
- Indices CFDs: 52.3% of total earnings, with significant contributions from the German DAX and US 100 indices.
- Commodity-based CFDs: Accounted for 29.1% of overall revenue.
- Forex CFDs: Contributed 13.5%, up from 6.7% in Q1 2024.
Flat Profit Margins Amid Rising Costs
Despite growing revenue, XTB’s profit margins remained unchanged due to soaring operational expenses, which totaled $83.6 million in Q1 2025, compared to $70 million in Q4 2024 and $54 million in Q1 2024. Factors influencing this increase included:
- A 74% increase in marketing expenditure, totaling $37 million.
- A 30% growth in employee-related costs.
Client Acquisition at All-Time High
XTB witnessed unprecedented client acquisition in Q1 2025, adding over 194,000 new accounts, bringing the total client base to over 1.54 million. New marketing strategies significantly boosted growth, showcasing a 49.8% increase year-over-year.
As XTB moves forward in 2025, the brokerage is dedicated to enlarging its customer base and enhancing its global marketing approach, with recent product innovations aimed at meeting the evolving needs of its diverse clientele.
