XTB S.A. (XTB.WA) stock analysis

In our weekly check, XTB S.A. is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 20 pass, warnings: 1, red flags: 3.

About XTB S.A.

XTB S.A. is a Financial Services company (Financial - Capital Markets), listed on WSE as XTB.WA.

What our checks show for XTB.WA

Red flags

• The gross margin fell by 13.4 points, to 88.8%: costs are rising faster than prices.
• Analysts expect the net margin to shrink by 4.7 points from today's 41.1%.
• The stock has fallen as much as 80% from a peak. Would you have held through that?

Warning signs

• The price swings a lot: 37.4% annual volatility. Expect large ups and downs.

Strengths

• The net margin rose by 4.1 points over 5 years, to 41.1%.
• Operating cash flow is 2.75x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 11.6% a year over the next years.
• Analysts expect revenue to grow about 17.2% a year over the next years.
• Revenue grew 27.4% a year over the last 3 years.
• Earnings per share grew 18% a year over the last 3 years.

Next earnings report: 2026-11-20

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Questions

What grade does XTB S.A. (XTB.WA) have?

In our weekly check, XTB S.A. is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 20 pass, warnings: 1, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of XTB.WA stock?

This week's biggest flags for XTB S.A.: Gross margin falling, Margins expected to shrink, Deep past fall. In total 4 of 24 checks show a warning or a red flag.

What does XTB S.A. do?

XTB S.A. is a Financial Services company (Financial - Capital Markets), listed on WSE as XTB.WA.

When does XTB S.A. report earnings next?

The next earnings report is expected on 2026-11-20. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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