XTB Sees 222.1% Jump in Net Profit for the Full Year 2022

X-Trade Brokers (XTB), a leading FX & CFD broker based in Poland, has released its financial results for the year of 2022, seeing a significant jump in net profit compared to the same period of last year.

• The broker recorded a total operating income of PLN 1,444.25 million in 2022, soaring 130.9% compared to PLN 625.60 million in 2021.

• The total operating expenses for the year came in at PLN 558.57 million, an increase of 60.2% compared to PLN 348.77 million in 2021.

• Operating profit (EBIT) rose by 220.0% from PLN 276.82 in 2021 to PLN 885.68 million in 2022.

• Profit before tax was PLN 935.26 million in 2022, increasing 222.2% compared to PLN 290.46 million in the prior year.

• Net profit reached PLN 766.10 million, 222.1% higher than PLN 237.83 million in 2021.

• The total number of clients on XTB came in at 614,934,000 at the end of the year, comparing to 429,157,000 clients in the end of 2021.

• The number of new clients up by 4% from 189,187 in 2021 to 196,864 in 2022.

• Net deposits was PLN 3,423.22 million for the year, up 17% compared to 2,933.42 million in the prior year.

• Transaction volume in CFD instruments in lots recorded 6,635,643 lots in 2022, an increase of 55% compared to 4,104,566 lots in 2021.

• Transaction volume in CFD instruments in nominal value was $2,259.6 billion, rising 30.1% compared to $1,737.4 billion in 2021.