FNNTFflatexDEGIRO AG
The schedule
- Thu22Oct
ECB Rate Decision, directly impacting Net Interest Margin (NIM) on the firm's uninvested client funds.
- Tue23Feb
FY 2026 Earnings Release, establishing full-year profitability metrics and forward capital allocation strategy.
Past
- Tue18Aug
Actual outcome: Bull
FNNTF reported H1 2026 EPS of $0.71, exactly meeting analyst estimates. The stock surged well past the $38 bull target because the earnings release demonstrated highly resilient unit economics following the PFOF ban, alleviating major regulatory overhang concerns and proving the viability of their updated revenue model.
H1 2026 Earnings Release, providing the first fundamental view of unit economics post-PFOF ban.
- Tue30Jun
Actual outcome: Bull · $41.95 at outcome
The European Union finalized its ban on Payment for Order Flow (PFOF), a regulatory shift that severely disrupts the zero-commission business models of competing European neo-brokers. Because FlatexDEGIRO's revenue model does not rely on PFOF, the stock rallied as investors recognized the company's immediate competitive advantage and its strong position to capture market share from rivals forced to introduce trading fees.
Implementation of the EU-wide ban on Payment for Order Flow (PFOF), forcing a structural shift in brokerage monetization.