Alex Gerko, the Russian-born trader who founded London-based XTX Markets in 2015, received a record £895 million payout from the firm’s 2025 profits, up 31% from £682 million a year earlier. XTX reported 2025 revenue of £3.93 billion, up 44% from £2.7 billion, while profit after tax rose 33% to £1.71 billion from £1.28 billion. Gerko owns approximately 75% of the business. The remaining £833 million was distributed among 23 other people, an average of more than £36 million each. XTX’s algorithmic market-making business benefited from turbulent markets, wider spreads and higher transaction volumes across equities, bonds, currencies, commodities and crypto. Gerko paid £331.4 million in personal taxes last year, making him the UK’s second-biggest taxpayer behind the owners of Betfred, according to The Sunday Times. The payment comes after Gerko criticised His Majesty’s Revenue and Customs over the country’s tax burden following his loss in the Supreme Court over the tax treatment of profits from a currency-trading fund. XTX also paid roughly £580 million in UK corporation tax, distributed £1.8 billion in dividends during 2025 and made further distributions of £331 million in January 2026 and £261 million in March 2026. The firm employs roughly 250 people, handles approximately $250 billion in daily trading volume and has investments in AI and technology companies valued at £262.3 million at the end of 2024. Gerko has committed more than £350 million to educational initiatives and other good causes since 2020.