0P0001ECQRNasdaq StockholmFinancialsIFRS · SEK

Avanza Bank Holding

Avanza Bank Holding is a Swedish online savings and investment platform that offers brokerage, fund investing, savings accounts, and mortgages through its digital bank. The group serves retail customers primarily in Sweden and operates as a technology-driven financial services business built around self-directed investing and savings.

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Revenue4,495m SEK
+15.3 %y/y
Operating profit (EBIT)4,495m SEK
+71.5 %y/y
EBIT margin100.0%
+32.8 ppy/y
Net income2,254m SEK
+0.0 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

01,0002,0003,0004,0005,000m SEK2021: 3,301 m SEK2021: EBIT 2,437 m SEK20212022: 2,973 m SEK2022: EBIT 1,940 m SEK20222023: 3,437 m SEK2023: EBIT 2,292 m SEK20232024: 3,900 m SEK2024: EBIT 2,621 m SEK20242025: 4,495 m SEK2025: EBIT 4,495 m SEK20254,4954,495
RevenueOperating profit (EBIT)
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Business

Share of revenue
Securities brokerage40 %

Trading and brokerage services for listed Swedish and foreign securities.

Fund savings and commissions25 %

Fund investing, fund commissions, and related management fee income.

Savings accounts and deposits20 %

Deposit and savings account products used to hold customer cash balances.

Mortgages and lending10 %

Mortgage lending and other lending to the public.

Other banking services5 %

Ancillary account, custody, and platform services supporting the core offering.

Customers

Avanza primarily serves private individuals who manage their own savings, investments, and retirement accounts through a digital platform. Its customers are attracted by low prices, no fixed fees, broad investment choice, and tools that make investing and saving simpler. The mortgage offering also extends the relationship beyond investing into everyday banking needs.

Retail savers and investors

Buy brokerage, savings accounts, and investment products because the platform offers low fees and broad choice.

Fund investors

Use fund savings and fund account services for diversified long-term investing.

Mortgage borrowers

Take mortgages and related lending products as part of a broader banking relationship.

Active traders

Trade securities frequently and generate brokerage activity and transaction-based income.

Strategy

Avanza’s strategy is to make its offering cheaper, better, and simpler while keeping customer focus at the center. It emphasizes innovation, scalability, efficiency, and sustainability to strengthen the platform, improve the customer experience, and support long-term growth.

Cheaper pricingShort term

Low-cost positioning is central to attracting and retaining self-directed investors.

Platform innovation and simplicityMedium term

A simpler digital experience supports customer growth and lowers friction in investing.

Scalability and efficiencyMedium term

Automation and process simplification help the model serve more customers without proportional cost growth.

Sustainability and trustLong term

As a financial intermediary, trust, governance, and responsible investing are part of the brand proposition.

Geography

Avanza is centered in Sweden, where its customer base and brand are most established. The business also gives customers access to foreign securities, so its platform has an international investment reach even though the operating footprint is primarily Swedish.

Risks

Avanza’s main risks come from operating a regulated, trust-based financial platform that depends on customer confidence, market activity, and digital availability. Its earnings are exposed to market volatility, interest rates, cyber security, compliance failures, and changes in customer trading and savings behavior.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Cyber security and operational disruption1Market risk2Regulatory and compliance risk3Credit risk4Interest-rate risk5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Cyber security and operational disruptionImpact: HighLikelihood: Medium

    The business is digital and depends on stable systems and data protection to maintain customer trust.

    ExposurePlatform availabilityCustomer dataTransaction processing
  2. Market riskImpact: HighLikelihood: Low

    Revenue and customer activity are linked to stock prices, interest rates, and currency movements.

    ExposureTrading incomeCustomer savings capitalLiquidity portfolio
  3. Regulatory and compliance riskImpact: HighLikelihood: Low

    Financial services are heavily regulated and breaches can lead to fines, license issues, or reputational damage.

    ExposureGovernanceConductAMLProduct suitability
  4. Credit riskImpact: MediumLikelihood: Low

    Mortgage and lending products expose the group to borrower default and credit losses.

    Exposure: Lending to the public

  5. Interest-rate riskImpact: MediumLikelihood: Low

    Funding, liquidity portfolio returns, and lending margins are sensitive to rate changes.

    Exposure: Liquidity portfolio and deposit-funded balance sheet

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Accounting

Judgemental items
Fair value measurement of liquidity portfolio

Bond and other liquid asset valuations can move with rates and spreads, affecting reported results and OCI.

Impact: Reported income and equity

Expected credit losses

Mortgage and lending balances require impairment estimates that depend on borrower quality and macro conditions.

Impact: Loan loss provisions and net income

Client funds and off-balance-sheet balances

Customer cash held on behalf of third parties affects scale metrics but not balance sheet assets.

Impact: Operating metrics and investor interpretation

Alternative performance measures

Ratios such as costs to savings capital and income to savings capital are central to understanding operating leverage.

Impact: How investors assess efficiency and scalability

Lease accounting

Premises leases create right-of-use assets and lease liabilities that affect leverage and expense timing.

Impact: Balance sheet and operating expenses

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Last updated: 24/09/2026

Avanza Bank Holding (0P0001ECQR) Revenue, Earnings & Financials 2025 – Clarifo