Saxo Bank Reports Record-Breaking 287% Profit Surge in 2024 Results

PRESS RELEASE. Copenhagen – 3 March 2025

The Saxo Bank Group announces its financial results for 2024, achieving the best results in the company's history. The Group reported a net profit of EUR 135 million for 2024, compared to a net profit of EUR 35 million for 2023, corresponding to an increase of 287%. The adjusted net profit for 2024 ended at EUR 144 million.

In early 2024, Saxo Bank implemented favorable reduced pricing for clients as part of its new global pricing strategy. This reduction is part of the ongoing commitment to improve the value offered to clients and is closely linked to the ability to provide cost-effective solutions alongside the bank's award-winning platforms, products, and services.

By meeting the clients’ needs and becoming a price-leader across many markets, Saxo Bank experienced sustained growth and reached a record of almost 1.3 million clients by the end of 2024, with all time high client assets of EUR 114 billion.

2024 key figures at a glance (2023)

  • Total income: EUR 626 million (EUR 601 million)
  • Net profit: EUR 135 million (EUR 35 million)
  • Adjusted net profit: EUR 144 million (EUR 88 million)
  • Total equity: EUR 839 million (EUR 854 million)
  • Total client assets: EUR 114 billion (EUR 100 billion)
  • Total number of clients: 1,286,000 (1,159,000)
  • Capital ratio: 29% (32%)
Commenting on the results, Kim Fournais, CEO and Founder of Saxo Bank, said: ​
​“I am very proud to report that 2024 was the best financial year in Saxo Bank’s history. This is clearly a very satisfactory result for us. The progress underscores our steadfast commitment to creating value for all our stakeholders and strengthening our foundation for sustainable growth. With almost 1.3 million clients and client assets reaching an impressive EUR 114 billion, these milestones showcase the trust and confidence placed in Saxo Bank. Our comprehensive trading and investment platforms have provided robust tools and resources, enabling our clients and partners to navigate the markets efficiently and build more resilient, diversified portfolios.
​The result is naturally also a large testament to the collective efforts of our employees who have driven Saxo Bank's performance and achievements this year.
​In 2024, we welcomed several new initiatives to make Saxo Bank attractive for even more people. The main highlight was the introduction of more competitive prices. We also introduced our Investor platforms to more markets, enabling more curious people to get invested in the world.
​Moving forward, our strategic focus remains unchanged. We continue to focus on growing our number of clients and client assets, and on enhancing the product and platform offerings to the benefit of our clients while focusing on our core markets.
​In our commitment to protecting our clients and upholding the integrity of our business, Saxo Bank has continued to make significant investments and improvements in compliance, ​ anti-money laundering, cyber security, and risk management. This will remain a core priority as well.”

The full report is available here: https://www.home.saxo/about-us/investor-relations

Kim Fournais

Media contact

Wim Heirbaut

Senior PR Consultant, Befirm

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About Saxo Bank

About Saxo

At Saxo we believe that when you invest, you unlock a new curiosity for the world around you. As a provider of multi-asset trading and investment solutions, Saxo’s purpose is to Get Curious People Invested in the World. We are committed to enabling our clients to make more of their money. Saxo was founded in Copenhagen, Denmark in 1992 with a clear vision: to make the global financial markets accessible for more people. In 1998, Saxo launched one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest.

Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable fintech, Saxo is a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 150 financial institutions as partners by boosting the investment experience they can offer their clients (B2B2C). Keeping our headquarters in Copenhagen, Saxo has more than 2,300 professionals in financial centres around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.

For more information, please visit: www.home.saxo

 

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