Trading 212’s UK subsidiary reveals 2022 revenue figures

Trading 212 UK recently published its revenue figures for 2022, revealing revenue of more than £98.7 million. In addition, the company saw pre-tax profit of over £50.8 millin, as the latest Companies House filing revealed.

Trading 212 UK is the UK-based subsidiary of Trading 212, and it strengthened last year by roughly 5%. This means that its revenue went from £94 million in 2021, to £98.7 million in 2022. However, it is also worth noting that the other operating income of the platform decreased from £4.5 million in 2021 to £1.7 million last year.

At the same time, administrative expenses went up from £42.4 million in 2021 to £49.1 million in 2022. In other words, the company saw a significant leap of its financial income, but its expenses also saw a massive increase from £265,181 to £918,724.

Because of these factors, the company’s pre-tax profits sank by over 9%. After taxes, the brokerage operator was left with £41.1 million in profits, meaning that its earnings were 9% lower than in 2021, when they were at £45.2 million.

Trading 212 itself is an established brokerage and a major brand in the financial industry. It offers CFDs as well as a stockbroking platform. However, its growth strategy remains primarily focused to the stockbrokering part of its business. The company aims to grow the value of its clients’ money and asset balances.

Trading 212 sees explosive growth in user numbers

According to its Companies House filing, the growth continues to be driven partially by broader market trends and elevated activity, but another crucial part behind it is the rising popularity of T212’s own platform and the products that it has to offer. Trading 212 went back to client onboarding in 2022, which was previously suspended in 2021. The company said that it had to be suspended due to the explosive growth that it suddenly experienced. Once the client onboarding was continued in 2022, the firm saw the arrival of 165,968 new customers between August 2022 and the end of the year.

It is also worth noting that the UK is far from being the only European nation where Trading 212 has established a strong presence. It is also highly active throughout the European Union, where it offers service unde a Dypriot entity. Its UK-based platform transferred nearly 14% of users to the Cyprus-regulated Trading 212 Markets Limited in the aftermath of Brexit. While the transfer was supposed to be completed in 2022, it will actually be finalized at some point this year.

As for Trading 212 Group Limited, the parent company with 4 subsidiaries operating under its banner, its total revenue reached £138.7 million in 2021 fiscal year. This marks an 11.2% jump compared to the year before. Furthermore, the company’s pre-tax profits were 473% higher, sitting at £86 million. As for its 2022 figures, they have yet to be revealed.