Trade Republic reports FY2024/25 revenue of EUR 754M and net profit of EUR 232.6M
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What happened
Handelsblatt reported on 12 October 2026 that Trade Republic raised revenue to 754 million euros in fiscal year 2024/25, the year to September 2025. Net profit was about 232.6 million euros, up from about 34.8 million euros a year earlier, nearly seven times higher. Handelsblatt said it saw the annual report exclusively; such reports usually appear in the Bundesanzeiger about a year later. Commission income was about 733 million euros, more than double the prior year, mainly from processing securities transactions. Net income included about 20.4 million euros from currency effects and released provisions. Provisions for legal risks fell to 4.4 million euros from 18.1 million.
Handelsblatt added that cumulative profit since the 2019 launch was about 86.2 million euros, the first time the company had earned more than it lost in total. Mobiflip, citing Handelsblatt, reported that payments for order flow have been banned since July 2026 and that the company said they made up less than 20% of commission income. Personnel costs were 129.6 million euros, about double the prior year, and administrative costs 290.6 million euros, up 83%. Mobiflip said the company was active in 18 European markets with more than 10 million customers.
Key points
- FY2024/25 revenue of EUR 754M; net profit of about EUR 232.6M versus EUR 34.8M the year before.12
- Commission income of about EUR 733M, more than double the prior year.12
- Cumulative profit since the 2019 launch is about EUR 86.2M, the first positive total.12
- Payments for order flow, under 20% of commission income per the company, have been banned since July 2026.2
- Personnel costs were EUR 129.6M and administrative costs EUR 290.6M, up 83%.2
Why it matters
Net profit rose from about EUR 34.8M to about EUR 232.6M, and Handelsblatt notes cumulative profit since 2019 is now positive. Net income includes about EUR 20.4M from currency effects and released provisions.
Commission income of about EUR 733M accounts for most of the EUR 754M revenue. Payments for order flow, under 20% of commissions per the company, have been banned since July 2026, so that part of the commission base has been removed.
The figures cover the year to September 2025. Handelsblatt notes such reports usually reach the Bundesanzeiger about a year after the period, so they describe a year that ended about 12 months before publication.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series C | May 20, 2021 | $5.3B | $900M | Sequoia |
| Series C extension | Jun 3, 2022 | $5.4B | $268M | Ontario Teachers' Pension Plan Board |
Updated
Fact-check
- Revenue was EUR 754M in fiscal year 2024/25, the year to September 2025.Confirmed by [1] Handelsblatt: revenue rose to 754 million euros in the fiscal year ended September 2025; [2] Mobiflip gives the same figure for 2024/25.Verified
- Net profit was about EUR 232.6M, up from about EUR 34.8M.Confirmed by [1] Handelsblatt, which calls the rise nearly sevenfold, and [2] Mobiflip, which gives the same figures.Verified
- Commission income was about EUR 733M, more than double the prior year, mainly from securities transactions.Confirmed by [1] Handelsblatt: about 733 million euros, more than doubled, mainly from processing securities transactions; [2] Mobiflip gives the same figure.Verified
- Cumulative profit since the 2019 launch is about EUR 86.2M, the first time earnings exceed losses.Confirmed by [1] Handelsblatt: it says the company has for the first time earned more than it lost, with a cumulative profit of about 86.2 million euros; [2] Mobiflip gives the 86.2 million figure.Verified
- Payments for order flow have been banned since July 2026 and made up under 20% of commission income, per the company.Confirmed by [2] Mobiflip: it states the July 2026 ban and the company's under 20% figure. [1] Handelsblatt does not mention order flow payments.Verified
- Personnel costs were EUR 129.6M and administrative costs EUR 290.6M, up 83%.Confirmed by [2] Mobiflip: it gives both cost figures and the 83% rise.Verified
- About EUR 20.4M came from currency effects and released provisions; legal risk provisions fell to EUR 4.4M from EUR 18.1M.Confirmed by [1] Handelsblatt: it gives both items.Verified
- Trade Republic is active in 18 European markets with more than 10 million customers.Confirmed by [2] Mobiflip.Verified
Sources
- [1]Handelsblatt (opens in a new tab)Fintechs: Trade Republic macht jetzt über 750 Millionen Euro Umsatzerstmals mehr Geld verdient als verloren
- [2]mobiflip (citing Handelsblatt) (opens in a new tab)Trade Republic verdient plötzlich richtig viel GeldDiese sogenannten Payments for Order Flow sind seit Juli 2026 verboten.
