2025-01-17T08:35:41.961 +02:00
Friday, 17/01/2025|06:35 GMT by Arnab Shome
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The broker ended the year with earnings of roughly CHF 655 million.
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Customer properties on the platform reached CHF 76 million by the end of 2024.
The branding of Swissquote on the jersey of ZSC Lions; Source: Swissquote
Swissquote, a leading online trading platform, has actually reported its 2024 earnings to be around CHF 655 million, with pre-tax earnings anticipated to surpass CHF 345 million. The business highlighted that the monetary outcomes are “much better than prepared for.”
Another Strong Year for Swissquote
As formerly reported by Financing Magnatesthe Swiss broker concluded the very first half of 2024 with an earnings of CHF 316.9 million and a pre-tax revenue of CHF 169.7 million. This suggests the figures for the 2nd half of the year were CHF 338.1 million in income and CHF 175.3 million in pre-tax revenue.
The broker likewise ended 2023 with “record numbers,” creating CHF 530 million in earnings and CHF 255 million in pre-tax revenue. Comparing those figures to the current outcomes, earnings increased by 23.5 percent, while pre-tax earnings grew by 35.3 percent.
Crypto Boosted the Figures
Swissquote even more divulged that customer properties on its platform reached CHF 76 million by the end of 2024, while net brand-new cash amounted to CHF 8.3 billion.
“These strong outcomes were partly driven by beneficial market conditions towards completion of the year, especially in the crypto sector,” the Switzerland-based broker mentioned.
The business did not offer particular information relating to cryptocurrency trading figures.
The broker is likewise reinforcing its branding with sports sponsorships. It just recently ended up being a sponsor of the UEFA Women's EURO 2025. It is likewise backing 2 regional ice hockey groups, ZSC Lions from Zurich and the Genève-Servette Hockey Club, as their primary sponsor.
Swissquote is not the only retail broker to end 2024 with strong numbers. Just Recently, London-listed Plus500 likewise revealed that its 2024 earnings at around $768 million, which was “ahead of market expectations.”
Swissquote, a leading online trading platform, has actually reported its 2024 income to be roughly CHF 655 million, with pre-tax revenue anticipated to surpass CHF 345 million. The business highlighted that the monetary outcomes are “much better than prepared for.”
Another Strong Year for Swissquote
As formerly reported by Financing Magnatesthe Swiss broker concluded the very first half of 2024 with an income of CHF 316.9 million and a pre-tax earnings of CHF 169.7 million. This indicates the figures for the 2nd half of the year were CHF 338.1 million in income and CHF 175.3 million in pre-tax earnings.
The broker likewise ended 2023 with “record numbers,” creating CHF 530 million in earnings and CHF 255 million in pre-tax revenue. Comparing those figures to the current outcomes, profits increased by 23.5 percent, while pre-tax earnings grew by 35.3 percent.
