Swissquote, a leading online trading platform, has reported its 2024 revenue to be approximately CHF 655 million, with pre-tax profit expected to exceed CHF 345 million. The company highlighted that the financial results are “better than anticipated.”
Another Strong Year for Swissquote
As previously reported by Finance Magnates, the Swiss broker concluded the first half of 2024 with revenue of CHF 316.9 million and pre-tax profit of CHF 169.7 million. This means the figures for the second half of the year were CHF 338.1 million in revenue and CHF 175.3 million in pre-tax profit.
The broker also ended 2023 with “record numbers,” generating CHF 530 million in revenue and CHF 255 million in pre-tax profit. Comparing those figures to the latest results, revenue increased by 23.5 per cent, while pre-tax profit grew by 35.3 per cent.
Crypto Boosted the Figures
The Switzerland-based broker further disclosed that client assets on its platform reached CHF 76 million by the end of 2024, while net new monies totalled CHF 8.3 billion.
“These strong results were partially driven by favourable market conditions towards the end of the year, particularly in the crypto sector,” the broker stated.
However, the company did not provide specific details regarding cryptocurrency trading figures.
Swissquote, a leading online trading platform, has reported its 2024 revenue to be approximately CHF 655 million, with pre-tax profit expected to exceed CHF 345 million. The company highlighted that the financial results are “better than anticipated.”
Another Strong Year for Swissquote
As previously reported by Finance Magnates, the Swiss broker concluded the first half of 2024 with revenue of CHF 316.9 million and pre-tax profit of CHF 169.7 million. This means the figures for the second half of the year were CHF 338.1 million in revenue and CHF 175.3 million in pre-tax profit.
The broker also ended 2023 with “record numbers,” generating CHF 530 million in revenue and CHF 255 million in pre-tax profit. Comparing those figures to the latest results, revenue increased by 23.5 per cent, while pre-tax profit grew by 35.3 per cent.
Crypto Boosted the Figures
The Switzerland-based broker further disclosed that client assets on its platform reached CHF 76 million by the end of 2024, while net new monies totalled CHF 8.3 billion.
“These strong results were partially driven by favourable market conditions towards the end of the year, particularly in the crypto sector,” the broker stated.
However, the company did not provide specific details regarding cryptocurrency trading figures.
This post is originally published on FINANCEMAGNATES.
