Gielda Papierów Wartosciowych w Warszawie S.A.: Business Overview, Financials & Competitive Analysis
Gielda Papierów Wartosciowych w Warszawie S.A. scores 7/10 on the AskCyborg Cyborg Score (Strong). Dominant regional exchange operator with structurally growing market, strong profitability, attractive dividends, and limited direct competition. Market capitalization of PLN 2.5 trillion makes it the largest stock exchange in Central and Eastern Europe, with record revenues reported in 2025. The company benefits from Poland's upgrade to.
What is Gielda Papierów Wartosciowych w Warszawie S.A.'s industry? Gielda Papierów Wartosciowych w Warszawie S.A. (gpw.pl) operates in Financial Exchange & Market Infrastructure. AskCyborg classifies Gielda Papierów Wartosciowych w Warszawie S.A. under Financial Exchange & Market Infrastructure in its company registry.
The Warsaw Stock Exchange is the biggest securities exchange in Central and Eastern Europe and organises trade on one of the most dynamically growing capital markets in Europe. As of February 2026, there are 399 compa...
Cyborg Score thesis
Dominant regional exchange operator with structurally growing market, strong profitability, attractive dividends, and limited...
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Get Current Report FreeGielda Papierów Wartosciowych w Warszawie S.A. Overview
Pro stress-test →The Warsaw Stock Exchange is the biggest securities exchange in Central and Eastern Europe and organises trade on one of the most dynamically growing capital markets in Europe. As of February 2026, there are 399 companies, including 18 foreign ones, quoted on the stock exchange whose market capitalization amounts to PLN 2.5 trillion (USD 701.56 billion), making it the largest stock exchange in Central and Eastern Europe. GPW operates multiple trading platforms serving financial and commodity markets with comprehensive clearing and settlement services.
Strategic Profile
Pro stress-test →The company operates through Financial, Commodity, and Other segments, trading in equities; equity-related financial instruments; other cash markets instruments, such as structured products, investment certificates, and exchange traded fund units; derivatives; corporate, municipal, co-operative, treasury, and mortgage bonds; debt instruments; and agricultural commodities. GPW operates a regulated market of shares and derivative instruments and the alternative stock market NewConnect for growing companies, and also develops Catalyst, a market for issuers of corporate and municipal bonds, as well as energy markets.
Competitive Landscape
Pro stress-test →The Warsaw Stock Exchange is the biggest securities exchange in Central and Eastern Europe. Primary competitors are regional exchanges in Budapest (Budapest Stock Exchange), Prague (Prague Stock Exchange), and Bucharest (Bucharest Stock Exchange), though GPW dominates by market size and liquidity. Competition from international platforms and alternative trading venues is limited by regulatory framework and network effects.
Industry Context
Gielda Papierów Wartosciowych w Warszawie S.A. operates in Financial Exchange & Market Infrastructure.
Key facts
Founded: 1991 · Headquarters: Warsaw, Poland · Employees: 593 · Revenue: Record revenues in 2025 (specific figure unavailable) · Market cap: ~2.5B PLN (~700M USD)