Black Banx Reports $6.8 Billion Third-Quarter Revenue and $2.6 Billion Net Income

Black Banx Group reported third-quarter 2026 revenue of $6.8 billion and net income of $2.6 billion, up 17.2% and 13.0% quarter on quarter. The FinancialContent Business Page published the results on October 28, 2026. Black Banx is a digital banking platform founded in 2015 and headquartered in Toronto, offering multi-currency accounts and global payments.

Black Banx's Third-Quarter Revenue and Customer Growth

For the first nine months of 2026, revenue reached $17.5 billion and net income totaled $7.0 billion. The nine-month Cost/Income Ratio was approximately 60.4%, and the quarterly ratio improved to 59.8% from 60.3% in the preceding quarter.

At September 30, 2026, the customer base stood at 124.7 million, following 9.4 million net additions during the quarter. Customer deposits increased to $167.0 billion, up $13.7 billion from the end of June.

Group CEO Michael Gastauer said: "Adding 9.4 million customers during the quarter demonstrates the scale of the opportunity ahead." Group CFO Daniel Dumitrascu said the quarterly figures provide "a strong foundation for the final quarter."

Black Banx's Annual Targets and Customer Goal

The Group's June 2026 shareholder update set annual targets of approximately $22 billion in revenue and $8.5 billion in net profit. Fourth-quarter contributions of $4.5 billion and $1.5 billion, respectively, would bring full-year performance to those amounts.

The customer base of 124.7 million compares with a published strategic aim of 130 million customers. A further 5.3 million net customer additions would achieve that objective.

Black Banx's 2025 Profit and Funding History

Black Banx's 2025 results, according to akta.pro company records, included $17.1 billion in revenue and $6.5 billion in net profit, an 80% increase from $3.6 billion in 2024. The same records list total funding of $382.3 million, with the last round a $250 million Series C in July 2018 led by Gastauer Family Office.

Black Banx's Earlier 2026 Results

Black Banx reported first-quarter 2026 revenue of $4.9 billion and net profit of $2.1 billion, up from $4.4 billion and $1.8 billion respectively in the fourth quarter of 2025, TechBullion reported in July 2026. In August 2026, TechBullion reported second-quarter revenue of $5.8 billion and net income of $2.3 billion, bringing first-half totals to $10.7 billion and $4.4 billion.

What Comes Next for Black Banx

The Group's June 2026 shareholder update set the annual targets of approximately $22 billion in revenue and $8.5 billion in net profit.