Total income for the period climbed to €375 million, up from €335 million during the same timeframe in 2025. This financial performance coincided with a surge in user engagement, pushing the bank’s total client count to a record 1.7 million, compared to 1.4 million the previous year. Simultaneously, client assets saw a significant uptick, rising to €153 billion from €118 billion.
Saxo Bank Hits Record Profit Amid Market Volatility
With €87 million in net profit for the first half of 2026, Copenhagen-based Saxo Bank has eclipsed its previous financial benchmarks. Despite a global landscape defined by geopolitical tension and persistent macroeconomic uncertainty, the firm secured an 18 percent year-on-year increase, signaling robust expansion in its core commercial metrics.
CEO Daniel Belfer attributed the success to a resilient global investment culture and the bank's ability to capitalize on heightened volatility in commodities, specifically oil and precious metals. Looking toward the remainder of the year, the bank plans to sustain this momentum through increased marketing expenditure and further integration of artificial intelligence into its trading platforms. Saxo Bank has projected a full-year net profit between DKK 1,000 million and 1,100 million, remaining cautious of ongoing inflation and shifting central bank policies.
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