XTB Stock Rises 6.5% as Polish Broker Tops 1 Million Accounts, Starts Buyback

Shares in XTB rose 6.57% to PLN 107.12 today (Monday), the broker's strongest single session since January 30, after two announcements landed on the same day: the launch of a PLN 10.66 million share repurchase program and confirmation that the company has become the first Polish broker to cross 1 million domestic accounts.

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The rally lifts XTB's year-to-date gain to roughly 49%, outpacing most listed retail brokers. eToro is up about 10% over the same period and CMC Markets has added 29%, while Robinhood has dropped about 29% as the gap between listed CFD names continues to widen.

The Buyback: PLN 10.66 Million for Employee Incentives

XTB plans to buy up to 76,152 of its own shares between May 11 and September 30, 2026, with total spending capped at PLN 10.66 million (about $2.7 million) and a per-share price range of PLN 50 to PLN 140, according to a regulatory filing.

Trigon Dom Maklerski will execute the trades on the Warsaw Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, including through block transactions.

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The shares are earmarked for XTB's existing employee incentive program rather than capital return to shareholders. Equity markets typically read buyback announcements as a vote of confidence by management, particularly when the upper price set in the program sits well above the current share price.

Monday's PLN 107.12 close is still PLN 33 below the program's PLN 140 ceiling.

The program is small compared with capital return schemes at western-listed CFD peers. IG Group launched its fourth £125 million buyback in under two years on April 1, while Plus500 began a fresh $100 million repurchase in February.

Both companies use buybacks primarily to reduce share capital. Robinhood, by contrast, announced a $1.5 billion repurchase plan in March as its US-listed stock slumped.

A Million Polish Accounts, 37% of the Market

The second piece of news came from the Polish Central Securities Depository (KDPW), which reported that XTB ended April 2026 with 1,039,514 accounts holding access to the Polish market.

The figure makes XTB the first broker in the country to cross the 1 million mark, an outcome closely tracked by FinanceMagnates.com over recent months.

XTB added 47,723 accounts in April alone and 547,809 over the previous 12 months.

The broker now holds 37.2% of the 2,797,076 brokerage accounts registered in Poland, more than double the share of second-placed mBank, which finished the month with 555,610 accounts across its brokerage and eMakler units.

"This is a huge success, both for us and for the entire Polish financial industry," XTB Chief Executive Omar Arnaout said in a statement. "We are not slowing down, we are developing our offer, supporting beginner and experienced investors... to be the first choice among investment apps not only in Poland, but across all of Europe."

Competitive Pressure From Trade Republic and Revolut

The milestone arrives in the middle of an intensifying retail price war in Poland. German neobroker Trade Republic entered the country in September 2025 with a 4.25% savings rate and a flat PLN 4 trading fee, triggering commission cuts at mBank and DM BOŚ on ETF trading within tax-advantaged retirement accounts.

Trade Republic does not yet appear in KDPW data because its Polish accounts are booked in Lithuania, but Polish press reports place Revolut's local Invest user count at around 590,000, just behind XTB's KDPW tally on a comparable basis.

XTB has responded with heavier marketing spending, with the 2025 marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term bill climbing close to 70% to PLN 584.9 million and management guiding for a further 40% to 50% rise in 2026.

Earnings and Dividend Backdrop

The buyback and account record both land against unusually strong earnings. XTB ended 2025 with revenue of PLN 2.15 billion and net profit of PLN 643.8 million, with preliminary first-quarter 2026 results showing net profit of PLN 535 million, up 176% year-on-year on operating income of PLN 1.09 billion.

Noble Securities analysts have flagged a full-year 2026 net profit run-rate of around PLN 1 billion.

Shareholders will also collect a PLN 4.07 per-share dividend from 2025 earnings on June 24, with June 11 the last day to buy shares carrying entitlement.