profit from every SEK 100 of sales.
SEK 0SEK 100
Nordnet
SEK 359.80+1.12% today
+36.8% in 1 year
1-year low SEK 263.001-year high SEK 376.60
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay SEK 29.57 for every SEK 1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Nordnet sold, what it kept, and what it did with the cash.
Sales went from SEK 3.36 billion in 2022 to SEK 5.39 billion in 2025, with SEK 3.02 billion of profit last year.
SalesProfit
Nordnet handed back 21% of the cash it generated last year.
SEK 2.0B
Free cash flow 2025SEK 12.3B
Bought back its own sharesSEK 604M
Paid as dividendsSEK 2.0B
Cash vs. debtSEK 4.7B vs. SEK 188M
Nordnet vs. similar companies
Nordnet grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from SEK 100 of sales | Sales growth a year | Price per SEK 1 of profit |
|---|---|---|---|
| Nordnet | 29.6× · Fair price | ||
 Morgan Stanley | 17.7× · Fair price | ||
 The Goldman Sachs Group | 15.4× · Fair price | ||
 The Charles Schwab | 18.1× · Fair price | ||
 Interactive Brokers Group | 141.6× · Very expensive |
AI analysis
An AI analyst reads Nordnet's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 3,363 | 4,582 | 5,162 | 5,389 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 1,653 | 2,579 | 2,814 | 3,015 | |
| 6.33 | 9.83 | 10.85 | 11.82 | |
| – | – | – | – | |
| – | – | – | – | |
| 49.1% | 56.3% | 54.5% | 55.9% |
Balance sheet
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 206,908 | 222,250 | 273,223 | 309,411 |
| Cash | 3,727 | 4,193 | 3,785 | 4,675 |
| Total debt | 164 | 171 | 217 | 188 |
| Total liabilities | 200,858 | 214,547 | 265,288 | 301,032 |
| 6,050 | 7,702 | 7,935 | 8,379 | |
| 251 | 250 | 251 | 250 | |
| – | – | – | – | |
| 27.3% | 33.5% | 35.5% | 36.0% |
Cash flow
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 6,493 | -12,598 | 6,096 | 12,546 | |
| 161 | 217 | 244 | 276 | |
| 6,333 | -12,815 | 5,852 | 12,270 | |
| Dividends paid | 1,388 | 1,148 | 1,808 | 2,024 |
| 57 | 0 | 298 | 604 | |
| – | – | – | – |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 29.6×
- –
- 1.28
- 10.2×
- 16.5×
- 3.4%
- 2.3%
Profitability
- 55.9%
- –
- –
- –
- –
Growth
- +17.0%
- +23.1%
- –
- −0.1%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 14%of 900
Top 26%of 908
Top 16%of 941
2.3%of the share price, paid each year
On $1,000 invested$23a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
67.1% of its profit
Room to growStretchedMore than it earns: 16.5%
News
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Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
Not enough data
Questions about Nordnet
Is Nordnet a good stock to buy?
A strong, very profitable business at a fair price. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Nordnet AI analysis
What does Nordnet do?
Nordnet AB (publ), together with its subsidiaries, operates a digital platform for savings and investments in Sweden, Norway, Denmark, and Finland. It is in Capital Markets, based in Stockholm, Sweden, with 862 employees.
Does Nordnet pay a dividend?
Yes. At today's price the dividend is 2.3% a year, about 67% of its yearly profit. In 2025 it paid out SEK 2.02 billion in dividends.
Is Nordnet stock halal?
Yes. Nordnet passes our halal screen: its business is permitted and its debt is 0.2% of its market value, under the 30% limit. How we check
How has Nordnet stock done over the past year?
Up 36.8% over the past twelve months, to SEK 359.80. It traded between SEK 263.00 and SEK 376.60 and is 4.5% below its high.
Who are Nordnet's competitors?
The largest listed companies in the same industry are Morgan Stanley, The Goldman Sachs Group, The Charles Schwab and Interactive Brokers Group. The peers table on this page compares their profit, growth and price with Nordnet's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.