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

> Black Banx reported $6.8 billion in third-quarter revenue and $2.6 billion net income, with nine-month revenue at $17.5 billion against a $22 billion annual target.

- Published: 2026-10-28T05:45:27+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-28/black-banx-third-quarter-2026-results
- Source: [FinancialContent Business Page](https://www.financialcontent.com/article/newsfile-2026-10-28-black-banx-reports-third-quarter-and-nine-month-2026-financial-results)

## Key takeaways

- Black Banx 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.
- Nine-month revenue reached $17.5 billion and net income $7.0 billion, against annual targets of about $22 billion and $8.5 billion.
- The customer base stood at 124.7 million at September 30, 2026, after 9.4 million net additions in the quarter.

[Black Banx](https://akta.pro/company-profiles/0006t7c/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](https://www.financialcontent.com/article/newsfile-2026-10-28-black-banx-reports-third-quarter-and-nine-month-2026-financial-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](https://akta.pro/company-data), 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.

## Companies in this story

- [Black Banx company profile](https://akta.pro/company-profiles/0006t7c/black-banx) · website: https://www.blackbanx.com

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