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XTB Valuation Multiples
Discover revenue and EBITDA valuation multiples for XTB and similar public comparables like Pacific Securities Co., Webull, Plus500, Southwest Securities and more.
XTB Overview
About XTB
XTB SA is engaged in brokerage activities business. It is a Polish broker from the fin-tech sector, providing products and services dedicated to active investing, saving, and virtual payment management. The group conducts its operations through two business segments; the Retail segment includes the provision of trading in financial instruments for individual customers; the Institutional segment includes the provision of trading in financial instruments and offering trade infrastructure to entities (institutions), which in turn provide services of trading in financial instruments for their customers under their brand. It derives a majority of its revenue from the Retail segment.
Founded
2002
HQ
Employees
1.2K
Website
Financials (LTM)
EV
$3B
XTB Financials
XTB reported last 12-month revenue of $648M.
In the same LTM period, XTB generated $199M in net income.
Revenue (LTM)
XTB P&L
In the most recent fiscal year, XTB reported revenue of $589M and EBITDA of $241M.
XTB expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $648M | XXX | $589M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $468M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 79% | XXX | XXX | XXX |
| EBITDA | — | XXX | $241M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 41% | XXX | XXX | XXX |
| EBIT Margin | 42% | XXX | 40% | XXX | XXX | XXX |
| Net Profit | $199M | XXX | $179M | XXX | XXX | XXX |
| Net Margin | 31% | XXX | 30% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
XTB Stock Performance
XTB has current market cap of $4B, and enterprise value of $3B.
Market Cap Evolution
XTB's stock price is $31.59.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $4B | 3.1% | XXX | XXX | XXX | $1.53 |
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Start Free TrialXTB Valuation Multiples
XTB trades at 4.8x EV/Revenue multiple, and 12.8x EV/EBITDA.
EV / Revenue (LTM)
XTB Financial Valuation Multiples
As of April 16, 2026, XTB has market cap of $4B and EV of $3B.
Equity research analysts estimate XTB's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
XTB has a P/E ratio of 18.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 4.8x | XXX | 5.2x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 12.8x | XXX | XXX | XXX |
| EV/EBIT | 11.4x | XXX | 13.1x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 6.6x | XXX | XXX | XXX |
| P/E | 18.6x | XXX | 20.7x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 18.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified XTB Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
XTB Margins & Growth Rates
XTB's revenue in the last 12 month grew by 29%.
XTB's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.2M for the same period.
XTB Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 29% | XXX | 37% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 41% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (22%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 28% | XXX | 28% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 39% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
XTB Public Comps
See public comps and valuation multiples for other Investment Brokerage and Online Brokers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| XTB | XXX | XXX | XXX | XXX | XXX | XXX |
| Pacific Securities Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| Webull | XXX | XXX | XXX | XXX | XXX | XXX |
| Plus500 | XXX | XXX | XXX | XXX | XXX | XXX |
| Southwest Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| HuaAn Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
XTB M&A Activity
XTB acquired XXX companies to date.
Last acquisition by XTB was on XXXXXXXX, XXXXX. XTB acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by XTB
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialXTB Investment Activity
XTB invested in XXX companies to date.
XTB made its latest investment on XXXXXXXX, XXXXX. XTB invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by XTB
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout XTB
| When was XTB founded? | XTB was founded in 2002. |
| Where is XTB headquartered? | XTB is headquartered in Poland. |
| How many employees does XTB have? | As of today, XTB has over 1K employees. |
| Is XTB publicly listed? | Yes, XTB is a public company listed on Warsaw Stock Exchange. |
| What is the stock symbol of XTB? | XTB trades under XTB ticker. |
| When did XTB go public? | XTB went public in 2016. |
| Who are competitors of XTB? | XTB main competitors are Pacific Securities Co., Webull, Plus500, Southwest Securities. |
| What is the current market cap of XTB? | XTB's current market cap is $4B. |
| What is the current revenue of XTB? | XTB's last 12 months revenue is $648M. |
| What is the current revenue growth of XTB? | XTB revenue growth (NTM/LTM) is 29%. |
| What is the current EV/Revenue multiple of XTB? | Current revenue multiple of XTB is 4.8x. |
| Is XTB profitable? | Yes, XTB is net-income-positive (as of the last 12 months). |
| What is the current net income of XTB? | XTB's last 12 months net income is $199M. |
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