Financial & Non Financial highlights

Iris

See our key financial metrics covering the last three financial years.

Financial KPIs

Profit before tax

£84.5m

£84.5m
2025
£63.3m
2024
£52.2m
2023

Why it is important

Statutory profit before tax measures the our overall financial performance and value creation under accounting standards.

How it is measured

Profit before tax as reported in the consolidated financial statements, prepared under IFRS.

Profit before tax margin

24.8%

24.8%
2025
19.0%
2024
18.1%
2023

Why it is important

This margin shows how efficiently we are converting revenue into profit, reflecting our cost management and operational scalability priorities.

How it is measured

Statutory profit before tax divided by net operating income, expressed as a percentage.

Net operating income

£340.1m

£340.1m
2025
£332.8m
2024
£288.4m
2023

Why it is important

Net operating income reflects our core revenue generation and client activity levels, supporting long-term growth.

How it is measured

Total revenue from operating activities, net of rebates and introducing broker commissions, as reported in the consolidated financial statements, prepared under IFRS.

Assets under administration

£37.5bn

£37.5bn
2025
£40.5bn
2024
£39.6bn
2023

Why it is important

Assets under administation measures the scale of client assets on our platform, which is a strong indicator of future fee income.

How it is measured

Total market value of client assets held in investing accounts at period end.

Underlying EBITDA

£103.4m

£103.4m
2025
£92.7m
2024
£70.1m
2023

Why it is important

Underlying EBITDA is a key measure of underlying operating performance, removing the effects of financing, tax and noncash items.

How it is measured

Statutory profit before tax adjusted for interest, tax, depreciation and amortisation as well as impairment on non-current assets.

Own funds requirement ratio

272%

272%
2025
312%
2024
369%
2023

Why it is important

Active clients drive revenue and market share. Growth reflects the strength of our platform, offering and client strategies.

How it is measured

Number of unique clients who have placed at least one trade in their trading account during the reporting period.

Non-Financial KPIs

System uptime

99.93%

99.93%
2025
99.95%
2024
99.97%
2023

Why it is important

Ensures reliable service delivery and supports client trust and operational efficiency.

How it is measured

The percentage of trading hours that clients are able to trade on the Next Generation and Invest platforms.

Trustpilot score

4/5

4.0
2025
4.2
2024
4.0
2023

Why it is important

Managing customers’ money demands trust and reputation. Our Trustpilot score reflects how well we meet client expectations and maintain that trust.

How it is measured

Scores are taken from Trustpilot at the end of the reporting period for CMC Markets.

Colleague engagement

57%

57%
2025
37%
2024
72%
2023

Why it is important

Growth in revenue per active client shows success in attracting and retaining high value clients, and reflects the strength of our platform, products and service.

How it is measured

Total trading revenue divided by the number of active clients within the trading business over the reporting period.

Revenue per active client (Trading)

£4,761

£4,761
2025
£4,685
2024
£3,968
2023

Why it is important

Growth in revenue per active client shows success in attracting and retaining high value clients, and reflects the strength of our platform, products and service.

How it is measured

Total trading revenue divided by the number of active clients within the trading business over the reporting period.

Active clients (Trading)

52,290

52,290
2025
55,290
2024
58,737
2023

Why it is important

Active clients drive revenue and market share. Growth reflects the strength of our platform, offering and client strategies.

How it is measured

Number of unique clients who have placed at least one trade in their trading account during the reporting period.

Active clients (Investing)

238,656

238,656
2025
211,575
2024
218,210
2023

Why it is important

Active investors drive the growth and success of the Investing business. Growth in this number reflects the strength of our platform and client engagement.

How it is measured

Number of unique clients who placed a trade or contributed to their investing account during the reporting period.