Nordnet reports first quarter profit exceeding SEK 1 billion
Nordnet's first quarter 2026 interim report shows net profit before tax surpassing SEK 1 billion for the first time. Net savings reached SEK 28.8 billion, one of the highest quarterly levels on record.
Stockholm – Nordnet announced its first quarter 2026 results, with net profit before tax reaching SEK 1.04 billion, an 8 percent increase from the previous quarter. This marks the first time in the company's history that profit before tax has exceeded SEK 1 billion.
Net savings for the quarter amounted to SEK 28.8 billion, described by CEO Rasmus Järborg as "the engine of our business" and noted as one of the highest levels recorded for a single quarter. The company also added 77,500 new customers during the period.
The results were supported by a turnaround in net interest income, attributed to rising market interest rates and increased deposits. Strong growth in brokerage and fund savings, driven by high trading activity, also contributed positively. Nordnet has continued to focus on AI implementation for both internal processes and customer offerings.
Looking ahead, Nordnet expects full-year costs to remain aligned with its financial target of approximately 8 percent annual cost increase. The company presented its interim report to analysts, shareholders, and media on April 24.