Alex Gerko Earns £895m as XTX Markets Sees Record Profits in Turbulent Market Conditions
In 2025, Alex Gerko paid himself a record £895 million after his trading firm, XTX Markets, reported profits of £1.7 billion driven by volatile market conditions. The remaining profit was distributed among 23 other individuals at an average of over £36 million each. This marked a significant increase from the previous year and highlighted Gerko's growing influence in British finance. XTX Markets' revenue surged to £3.9 billion, up 44% compared to 2024, as market turbulence increased transaction volumes and profit margins across stocks, bonds, currencies, commodities, and crypto. The firm’s success has drawn attention from HMRC, which collected over £331 million in taxes from Gerko last year alone. Gerko, who owns 75% of XTX Markets, renounced his Russian citizenship following the invasion of Ukraine in 2022. He is also known for donating more than £350 million to charitable causes since 2020.
Topics: high-frequency_trading market_volatility taxation trading