Flow Traders Ltd

Flow Traders Ltd

25.60
EUR
+0.74
(+2.98%)
1.10BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.72
4.5
7.74
6.54
4.8
9.78
6.34
22.82
10.91
12.71
9.04
13.83
14.36
- -
Basic EPS, GAAP
1.15
1.46
2.09
1.98
0.85
3.46
1.15
10.26
2.63
2.92
0.84
3.69
3.07
- -
Free Cash Flow per Basic Share
0.46
1.14
0.32
1.5
1.08
1.7
1.44
5.84
5.45
1.98
1.56
0.59
-2.93
- -
Dividend per Share
0.3
1.3
0.74
1.55
1
1.7
1.36
4.54
3.49
1.06
1.1
0.15
- -
- -
Book Value per Share
2.95
3.07
5.3
5.8
5.46
7.34
7.15
13.2
11.81
14.15
13.59
17.8
19.93
- -
Tangible Book Value per Share
2.92
3.04
5.27
5.77
5.43
7.32
7.12
13.17
11.75
14.11
13.53
17.75
19.84
- -
Basic Weighted Avg Shares
47
47
47
47
47
46
46
45
44
43
43
43
44
44
Sales/Revenue/Turnover
173
209
360
304
224
454
293
1,033
477
553
391
598
625
- -
Operating Margin (%)
35.21
37.42
31.77
36.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
4
5
7
6
7
9
15
14
15
17
18
17
18
- -
Net Income, GAAP
54
68
97
92
40
161
53
465
115
127
36
160
134
- -
Effective Tax Rate (%)
12.09
13.36
15.48
16
18.25
17.02
18.61
18.78
20.59
21.58
19.04
17.92
18.88
- -
Profit Margin (%)
30.96
32.42
27.01
30.2
17.71
35.43
18.15
44.97
24.11
22.95
9.25
26.68
21.38
- -
Working Capital
- -
- -
-1,098
-2,065
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
1,806
580
1,087
2,025
2,708
711
1,603
1,375
1,871
1,683
2,023
1,962
2,927
- -
Total Equity
137
143
247
270
254
341
331
590
508
606
586
767
868
- -
Return on Invested Capital (%)
3.62
5.02
6.09
3.79
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
3.65
5.09
6.19
3.9
1.51
8.02
3.56
23.83
5.29
5.43
1.48
5.98
4.09
- -
Return on Common Equity (%)
44.88
48.46
49.98
35.59
15.11
54.08
15.81
100.87
20.93
22.76
6.06
23.59
16.34
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
43
44
44
Market Capitalization
1,184
1,095
1,223

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
8
7
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.93%
9.24%
13.28%
Free Cash Flow
-7.23%
-151.55%
-599.96%
Net Income, GAAP
113.98%
37.72%
-16.28%
Sales/Revenue/Turnover
26.87%
-1.95%
4.48%
Total Cash Common Dividend
7.18%
-55.68%
-100%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
598
2025
- -
- -
- -
- -
625
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.69
2025
- -
- -
- -
- -
3.07
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.15
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Thomas Spitz
Full Time Employees
635
Sector
Finance
Industry
Investment banks/Brokers
Address
Jacob Bontiusplaats 9 Amsterdam NH Netherlands 1018 LL
IPO Date
Jul 10, 2015
Business
Flow Traders N.V. is a global technology-enabled liquidity provider and market maker headquartered in Amsterdam, Netherlands, founded in 2004. The company specializes in providing continuous liquidity in exchange-traded products (ETPs), equities, fixed income securities, derivatives, and cryptocurrencies, serving over 2,400 institutional counterparties including banks, asset managers, pension funds, insurance companies, family offices, and hedge funds across more than 40 countries. Its core offerings include electronic trading services in a wide range of securities such as ETPs, futures, options, exchange-traded funds (ETFs), commodities, bonds, and foreign exchange instruments, alongside over-the-counter liquidity provision and NAV trading services. Flow Traders operates major offices globally, including in New York, London, Milan, Paris, Cluj, Shanghai, Singapore, Chicago, and Hong Kong. In the past two years, Flow Traders has focused on several strategic initiatives and operational advancements. Notably, the company expanded its trading base in mid-2024, enabling it to capitalize on heightened market volatility and deliver record financial performance with a 56% increase in net trading income for the full year 2024. It launched AllUnity, a euro-based stablecoin developed in partnership with DWS and Galaxy Digital to facilitate interoperability between traditional finance and digital assets, marking a significant step in bridging liquidity across diverse financial ecosystems. Additionally, Flow Traders continues investing heavily in cutting-edge algorithmic trading technologies and innovation, allocating significant budget to research and development, enhancing pricing efficiency and trading strategies, and expanding its digital asset trading footprint, which includes a reversal of intangible asset impairments related to this segment. The firm's strategic focus also includes partnerships for connectivity, platforms, data, and tokens to foster innovation and revenue diversification. As part of its ongoing growth, Flow Traders has maintained a strong team-driven culture and an expansive geographic reach spanning Europe, the Americas, and Asia Pacific. Its comprehensive product lineup, technology investment, and recent innovations underpin its position as one of the largest global market makers, particularly in ETPs, where it provides liquidity for over 13,000 listings worldwide. This combination of core product offerings and recent strategic expansions underscores Flow Traders’ significant role in enhancing transparency, efficiency, and accessibility in global financial markets.

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