Trading 212 Revenue Jumps 70% to £345.8M as Profit More…

Trading 212's holding company reported a 70% rise in group revenue to £345.8 million for 2025, with pre-tax profit more than doubling to £127.7 million as client activity and asset growth outpaced an expanding cost base. Profit after tax climbed 114% to £93.9 million from £43.8 million, according to the latest accounts consolidating six licensed subsidiaries across the UK, Cyprus, Bulgaria, Germany, Australia and Ireland.

Operating leverage

Administrative expenses grew 53% to £233.1 million, slower than revenue, lifting the pre-tax margin to roughly 36.9% from 29.2%. Advertising and marketing spend rose 35% to £88.3 million from £65.4 million, equal to about 25.5% of revenue against roughly 32% on restated 2024 figures. Average headcount increased to 722 from 422, pushing staff costs to £45.9 million from £27.8 million. Funded accounts rose 64%, average monthly active users 86% and the combined value of client money and assets 137%. The broker has previously reported more than €30 billion in client assets and 4.5 million users.

The UK remained the dominant market at £277.6 million of revenue, about 80% of the total; the UK subsidiary's 2025 revenue rose 72% with pre-tax profit of £123.1 million. International entities generated roughly £68 million. Cyprus, the second-largest contributor, saw Trading 212 Markets revenue rise 59% to £64.4 million, close to 19% of the consolidated total, while Germany added £2.7 million, Bulgaria about £0.7 million and Australia roughly £0.4 million. Ireland booked no revenue after its December regulatory authorisation, but the group moved CFD hedging and its systematic internaliser function for share dealing to the Irish entity in May 2026, a step it said would improve execution efficiency and market-risk mitigation.

The group restated 2024 revenue to £204.0 million from £194.1 million, now presenting interest earned on uninvested client money net of interest paid to customers within revenue. The change did not affect 2024 profit. On that basis, net client interest contributed £20.0 million in 2025 and trading revenue £325.8 million, leaving interest below 6% of the total. Trading 212 paid £20 million in dividends during 2025 and a further £34.3 million in August 2026, while net assets still increased on retained earnings.

Entering 2026, the German business acquired as FXFlat Bank trades as Trading 212 EU, the Australian subsidiary has approval to offer CFDs to local residents, and the UK platform extended into long-term savings with a self-invested personal pension product launched in May.