QM · rank #3 · 2026-09-10
XTB
GPW · PLN · $4.95B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +128.07% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +58.4% |
| Profit margin Net profit margin, trailing 12 months. | +41.3% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $4.95B |
| Anchor (recent) Close on 2026-08-11 | $169.06 |
| Anchor (far) Close on 2025-08-11 | $74.12 |
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 a Polish retail forex and CFD broker generating high-margin revenues from a rapidly growing active client base across European and emerging markets.
Rationale
The quality_momentum signal is strongly reinforced — 58% ROE, 41% profit margins, and 128% YoY net profit growth in Q2 2026 confirm that momentum is grounded in genuine earnings acceleration, not multiple expansion alone.
Material risks
- 1XTB's earnings are structurally tied to retail CFD trading volumes and volatility regimes; a regulatory tightening on leverage limits or CFD marketing (as ESMA has done before) could collapse both revenue and the client acquisition flywheel simultaneously.
- 2The 2025 profit compression (net income fell from PLN 857m to PLN 644m despite rising revenue) demonstrates that surging marketing spend can rapidly erode margins, and the current PLN 235m/quarter marketing run-rate creates a high fixed-cost base if client growth or trading activity normalizes.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.