The new ownership should be pleased.

Copenhagen based Retail FX and CFDs broker Saxo Bank has released its best-ever set of results for the first half of 2026, with the company reporting Revenues of DKK 2.803 billion (USD $436 million) and Net Profit of DKK 648 million ($101 million), both records for the company for a six month period. And the results come after a somewhat disappointing H2 2025, which saw Saxo post a decrease in Revenues and a slight Net Loss.

Saxo Bank, which saw the Safra Group take control of the company in the middle of the period and a new CEO installed, said that its half-year results reflect the bank’s strong commercial momentum and successful execution of its strategic priorities. Trading activity remained robust in 2026, supported by positive sentiment in record‑seeking equity markets and heightened volatility in commodities such as oil and precious metals.

In the first six months of 2026 Saxo Bank said it remained focused on growing and engaging its global partner and client base, strengthening its position, and investing in its platforms and products to support long-term profitable growth. In the period ahead, this will be underpinned by additional marketing investments, ongoing enhancements to the bank’s client offering, and continued investments in AI and business-critical areas.

Commenting on the results, Daniel Belfer, CEO of Saxo Bank, said,

“I am very proud to present the best half-year financial results in the bank’s history. The global investment culture remains strong, and it is encouraging to see so many new clients choosing Saxo to start their investment journey. At the same time, we continue to deepen our relationships with existing clients and partners, who are entrusting us with a growing share of their investments. We have seen solid growth in our client base, and I am both optimistic and confident that this positive development will continue.”

Outlook

Saxo Bank operates in global financial markets, and income generation is besides the number of clients and client assets subject to volatility within the currency, equity, and commodity markets, as well as fluctuating interest rates. In 2026, the global economic scene continues to be shaped by geopolitical tensions with an embedded high level of uncertainty in the macro environment. This has impacted market dynamics and provided both challenges and opportunities for clients. Trading activity has continued with a positive sentiment driven by the record seeking equity markets as well as volatility in commodities like oil and precious metals.

Saxo’s strategic focus remains unchanged with a continued emphasis on growing its client and client asset base, and on enhancing the product and platform offering to the benefit of our clients. The competitive offering across global markets are expected to support continued organic client growth and improve the operational leverage of the Group.

For 2026, Saxo maintains an increase in its cost base with additional marketing investments aimed at supporting continued growth, as well as further investments in AI and business-critical areas.

Given the uncertain market conditions, including potential volatility, inflation, and changes to central bank statements on financial markets, Saxo Bank expects a net profit in the range of DKK 1,000-1,100 million in 2026.

Saxo Bank’s full first half 2026 report can be downloaded here.