Trade Republic Annual Profit Rises Nearly Sevenfold to €232.7 Million

Trade Republic recorded an annual profit of €232.7 million for the fiscal year ended September 2025, marking an almost sevenfold increase from the prior period. Commission revenue surged 132% to €732.6 million, propelled by expanded product offerings and elevated trading activity across its platform. Operating efficiency also strengthened, with administrative expenses rising at a slower pace than top-line growth to bring the cost-to-income ratio down to 62% from 83%.

These financial results serve as the final full-year benchmark under Germany's legacy trading regime before the country ended its payment-for-order-flow exemption on June 30, 2026. Prior to the regulatory change, order routing rebates contributed to commission earnings alongside fixed customer fees. The strong performance helped support a €1.2 billion secondary share transaction that set the firm's valuation at €12.5 billion, while customer numbers topped 10 million with €150 billion in assets under management.

Investors and market observers will monitor how Trade Republic adapts to the post-exemption landscape under its updated pricing model, which offers a €1 standard execution structure and a €2 choice model across 30 venues. Management anticipates further growth in commission revenue despite the regulatory shift. Upcoming financial disclosures will offer the initial view on how the new venue framework performs in practice.