QM · rank #15 · 2026-07-21
XTB
GPW · PLN · $4.07B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +51.99% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +41.6% |
| Profit margin Net profit margin, trailing 12 months. | +31.2% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $4.07B |
| Anchor (recent) Close on 2026-06-19 | $109.50 |
| Anchor (far) Close on 2025-06-20 | $72.05 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
XTB is Poland's dominant retail online broker offering FX, CFDs, equities, and ETFs to over 2.16 million global clients via its proprietary xStation platform.
Rationale
Record Q1 2026 net profit of PLN 535M (+176% YoY), 41.6% ROE, and 31.2% net margins confirm the quality signals are grounded in real earnings power, while 52% trailing price momentum reflects the market pricing in sustained client acquisition at 250K–290K/quarter.
Material risks
- 1Escalating regulatory pressure on CFD/leveraged products—evidenced by the KNF's PLN 20M MiFID II fine—could force product restrictions or margin caps that directly compress XTB's highest-revenue segment.
- 2The aggressive marketing spend (PLN 235M in Q1 alone) required to sustain client acquisition growth creates operating leverage in reverse if new-client revenue yield normalizes or market volatility subsides, threatening the margin profile underpinning the quality signal.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.