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German-Dutch online discount brokerage offering low-cost trading in stocks, ETFs and derivatives to retail investors across Europe.
German-Dutch online discount brokerage offering low-cost trading in stocks, ETFs and derivatives to retail investors across Europe.
Earns trading commissions and interest on customers' cash balances and margin loans, so the level of interest rates matters as much as trading activity. It also sells its brokerage platform to other banks and brokers, which earn on the same infrastructure. Its own bank licence lets it hold and lend customer money.
In one line: A European Charles Schwab/Robinhood for retail brokerage.
Moat: narrow (scale, cost advantage, network effects). Largest European retail-brokerage scale after DEGIRO merger gives cost advantages, but faces intense fee competition.
Headquarters: Frankfurt, Germany · Founded: 2006 · Employees: 1,200
Size flatexDEGIRO (FTK.DE) is a Germany Financials company (Investment Banks/Brokers) with a market value of $2.78B, the 93rd largest of 205 Germany companies the cockpit tracks. Shares closed at €22.50 on 6 Nov 2026.
Performance Over six months the shares fell 26.7%, against -10.9% for the median peer and +2.6% for the Germany market (cap-weighted) — 3rd lowest of 20 in its peer set.
Growth Revenue grew 20.3% over the last twelve months (peer median +6.9%); the operating margin is 44.8% (peer median 28.2%).
Valuation It trades at 11.1× forward earnings against a peer median of 14.4× (6th cheapest of 16).
Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €622M | €560M | €480M | €391M | €407M |
| Revenue growth | — | +17% | +23% | -4% | — |
| Gross profit | €492M | €440M | €371M | €287M | €311M |
| EBITDA | €323M | €271M | €212M | €148M | €192M |
| Net income | €194M | €160M | €112M | €71.9M | €106M |
| Free cash flow | €2.08B | €2.13B | €878M | €463M | €491M |
| Capital expenditure | €46.0M | €48.9M | €48.2M | €46.3M | €42.7M |
| Total debt | n/a | €124M | €160M | €113M | €125M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| flatexDEGIRO FTK.DE | $2.78B | -27% | +20% | 45% | 11.1× | n/a |
| Interactive Brokers IBKR | $129B | -10% | +16% | 87% | 23.9× | n/a |
| eToro ETOR | $1.86B | -40% | +10% | 32% | 11.0× | -18.5% |
| Swissquote SQN.SW | $6.33B | -13% | +4% | 44% | 15.9× | n/a |
| Nordnet SAVE.ST | $8.70B | +13% | +11% | 58% | 23.7× | n/a |
| Avanza Bank AZA.ST | $5.95B | +13% | +13% | 54% | 19.1× | n/a |
| IG Group Holdings plc IGG.L | $4.23B | -38% | +16% | 40% | 8.7× | n/a |
| Plus500 PLUS.L | $3.12B | -26% | +3% | 41% | 10.4× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FTK.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.9% | -1.9% | 4th lowest of 21 |
| 6-month return | -26.7% | -10.9% | 3rd lowest of 20 |
| Distance from 52-week high | -48.0% | -24.5% | 2nd lowest of 21 |
| Revenue growth (TTM) | +20.3% | +6.9% | 6th highest of 21 |
| Operating margin | 44.8% | 28.2% | 5th highest of 20 |
| Forward P/E | 11.1× | 14.4× | 6th cheapest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| flatexDEGIRO FTK.DE | Germany | $2.78B | -27% | +20% | 45% | 11.1× | n/a | n/a |
| Shanxi Securities 002500.SZ | China | $2.73B | -10% | -3% | 28% | 16.4× | n/a | n/a |
| Yongan Futures 600927.SS | China | $2.83B | -12% | -139% | n/a | 24.3× | n/a | n/a |
| Oshidori International 0622.HK | Hong Kong | $2.67B | +52% | +71% | 47% | n/a | n/a | n/a |
| Lincoln International LCLN | United States | $2.65B | n/a | +35% | 28% | 18.3× | n/a | n/a |
| Guosheng Securities 002670.SZ | China | $2.92B | -20% | -11% | 11% | n/a | n/a | n/a |
| Central Depository Services (India) CDSL.NS | India | $2.95B | +5% | +3% | 50% | 52.1× | n/a | n/a |
| TP ICAP TCAP.L | United Kingdom | $2.97B | -1% | +4% | 11% | 8.9× | n/a | n/a |
| Aozora Bank 8304.T | Japan | $2.60B | +17% | +12% | 29% | 14.4× | n/a | n/a |
| HUAXI Securities 002926.SZ | China | $3.01B | -12% | +10% | 36% | 11.4× | n/a | n/a |
| CMC Markets CMCX.L | United Kingdom | $2.54B | +79% | +16% | 27% | 10.5× | n/a | n/a |
| Tata Investment TATAINVEST.NS | India | $3.06B | -22% | +18% | 89% | n/a | n/a | n/a |
| Northeast Securities 000686.SZ | China | $2.52B | -17% | +1% | 23% | 11.1× | n/a | n/a |
| Plus500 PLUS.L | United Kingdom | $3.12B | -26% | +3% | 41% | 10.4× | n/a | n/a |
| Minmetals Capital 600390.SS | China | $3.15B | -11% | -62% | 60% | 51.9× | n/a | n/a |
| Angel One ANGELONE.NS | India | $3.20B | +3% | +21% | 28% | 23.1× | n/a | n/a |
| Compagnie Financiere Tradition CFT.SW | Switzerland | $2.37B | -15% | +3% | 14% | 13.1× | n/a | n/a |
| UOB-Kay Hian U10.SI | Singapore | $2.36B | -29% | +36% | 42% | 9.4× | n/a | n/a |
| President Securities 2855.TW | Taiwan | $2.34B | +24% | +796% | 32% | n/a | n/a | n/a |
| Miami International MIAX | United States | $3.45B | -34% | +14% | 12% | 18.8× | n/a | n/a |
| Pacific Securities 601099.SS | China | $3.47B | -8% | -11% | 14% | n/a | n/a | n/a |