flatexDEGIRO SE: Business Overview, Financials & Competitive Analysis
flatexDEGIRO SE scores 8/10 on the AskCyborg Cyborg Score (Strong). Europe's fastest-growing retail broker with expanding profitability, scale advantages, and innovative product expansion in crypto, but faces recurring regulatory headwinds. The company witnessed an increase in settled transactions by 17% to 23 million and continued to attract new customers, expanding its account base by 12% year-on-year. Profitability is exceptional with.
What is flatexDEGIRO SE's industry? flatexDEGIRO SE (flatexdegiro.com) operates in Securities Brokerage. AskCyborg classifies flatexDEGIRO SE under Securities Brokerage in its company registry.
flatexDEGIRO is a pan-European online broker serving retail investors in 16 countries, operating the Flatex, Degiro and ViTrade brokerage platforms through Flatexdegiro Bank. The company is one of Europe's largest ret...
Cyborg Score thesis
Europe's fastest-growing retail broker with expanding profitability, scale advantages, and innovative product expansion in...
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Pro stress-test →flatexDEGIRO is a pan-European online broker serving retail investors in 16 countries, operating the Flatex, Degiro and ViTrade brokerage platforms through Flatexdegiro Bank. The company is one of Europe's largest retail online brokers, serving more than 3 million customer accounts by late 2024. The company has achieved exceptional growth in 2025-2026, with revenues rising to EUR 174 million in Q1 2026 (+19%) and net income growing to EUR 54 million (+28%).
Strategic Profile
Pro stress-test →The improvement in the Net Income margin to 31% despite significantly higher marketing expenses demonstrates the strength of the business model. The newly introduced crypto offering is developing positively, with trading volume in crypto assets reaching just under EUR 500 million in Q1 2026, now enabling more than 90% of all flatexDEGIRO customers to trade crypto assets directly. For full-year 2026, revenues are expected to increase by 5-10% to between EUR 588 million and EUR 616 million, while net income is expected to rise by 5-15% to between EUR 168 million and EUR 184 million.
Competitive Landscape
Pro stress-test →flatexDEGIRO competes in the European retail online brokerage market against Interactive Brokers (IBKR), Revolut, and regional brokers like eToro and Tastyworks. Its competitive advantages include proprietary technology infrastructure, three established brand platforms (Flatex, DEGIRO, ViTrade), geographic diversity across 16 countries, and increasingly competitive product offerings in crypto and fractional shares. The company's execution-only model and commission-based plus interest income revenue streams differentiate it from some fintech competitors.
Industry Context
flatexDEGIRO SE operates in Securities Brokerage.
Key facts
Founded: 1999 · Headquarters: Frankfurt am Main, Germany · Employees: ~1,000 · Revenue: €559.8M (FY 2025) · Market cap: €4.0B