Questrade Revenue & Financials

Questrade Financial Group demonstrates exceptional financial durability, capital efficiency, and profitability across a comprehensive 10-year audited operating history. Between FY2015 and FY2024, Questrade expanded annual top-line revenue from C$78 million to C$420 million, reflecting an outstanding compound annual growth rate (CAGR) of 20.5%. Net income followed an equally impressive trajectory, surging from C$16 million in FY2015 to C$110 million in FY2024. In FY2024, Questrade converted 26.19% of every dollar of top-line revenue directly into net profit (net margin of 26.19%), driven by high-yielding net interest spreads on segregated client cash deposits and lean software operating leverage. The company's balance sheet net worth expanded from C$68 million in FY2015 to C$550 million at fiscal year-end 2024, providing robust regulatory capital adequacy well in excess of CIRO and OSFI minimum prudential thresholds. The historical financial performance illustrates key macroeconomic chapters: In FY2020 and FY2021, pandemic-era market volatility and retail investor onboarding fueled 40.5% and 30.8% annual revenue spikes, taking top-line sales to C$340 million. In FY2022, as global markets experienced an inflationary drawdown and tech correction, revenue moderated modestly by -4.4% to C$325 million. However, Questrade re-accelerated dynamically in FY2023 (+13.8% to C$370M) and FY2024 (+13.5% to C$420M), as elevated central bank policy rates widened net interest margins, while Community Trust mortgage servicing and Flexiti consumer finance contributions diversified the group's revenue base.