Futu Holdings Limited Earnings Recaps
Q2 2026
Aug 22, 2026
Futu Holdings shares jumped 13% as the company reported solid client growth and record trading volumes, driving revenue and earnings well above expectations.
Key takeaways
- Net new funded accounts rose 23.7% year-over-year and 12.2% quarter-over-quarter to 252,000, with strong client acquisition in Hong Kong, Malaysia, and the U.S.
- Total trading volume surged 78.8% year-over-year and 54.6% quarter-over-quarter to HKD 6.42 trillion, fueled by heightened activity in U.S. AI-related stocks and Hong Kong semiconductor and Internet sectors.
- Revenue climbed 36% year-over-year to HKD 7.2 billion, with brokerage commissions up 30% and interest income up 37% driven by growing margin financing and securities lending.
- Operating margin remained steady at 62%, with net income increasing 42% year-over-year to HKD 3.6 billion and net margin expanding to 50.6%.
- Expenses rose notably, with selling and marketing costs up 53% year-over-year due to accelerated client acquisition efforts and R&D investments focused on AI and Web 3.0 initiatives.
Q1 2026
May 30, 2026
Futu's stock declined 5.6% after earnings as investors reacted to cautious signals on margin compression and subdued sequential growth in key revenue segments despite solid client additions and market activity.
Key takeaways
- Net new funded accounts increased by 225,000, up 34% year-over-year and 7% quarter-over-quarter, with Malaysia leading client additions and Singapore showing strong asset growth.
- Total trading volume hit a record HKD 4.15 trillion, up 29% year-over-year and 4% quarter-over-quarter, driven primarily by Hong Kong stock market volatility and stable U.S. volumes.
- Brokerage commission income grew 14% year-over-year to HKD 2.6 billion but declined 5% sequentially due to a lower blended commission rate despite higher trading in U.S. stocks and options.
- Interest income rose 28% year-over-year to HKD 2.7 billion but fell 13% quarter-over-quarter, reflecting weakening quarter-on-quarter margin financing yields.
- Client assets remained flat quarter-over-quarter despite a 47% year-over-year increase, pressured by mark-to-market losses in client equity holdings.
Q3 2025
Nov 18, 2025
Futu Holdings Limited reported a robust Q3 2025, achieving record new funded accounts and a significant surge in total trading volume, driven by strong demand in both equity and crypto markets.
Key takeaways
- Funded accounts reached 3.13 million, up 43% year-over-year and 9% quarter-over-quarter, with net additions of 254,000 accounts, representing a 65% increase from last year.
- Total revenue surged 86% to HKD 6.4 billion, with brokerage commission income up 91% and interest income climbing 79% year-over-year.
- Client assets grew to HKD 1.24 trillion, marking a 79% year-over-year increase, due to robust net inflow and appreciation in stock holdings.
- Trading volume soared 105% year-over-year to HKD 3.9 trillion, with notable growth in both Hong Kong and U.S. markets, particularly in crypto trading.
- Wealth management assets increased to HKD 175.6 billion, reflecting growing client interest in fixed income funds amid a buoyant investment environment.
Q2 2025
Aug 20, 2025
Futu Holdings delivered strong results in Q2 2025, with total revenue soaring 70% year-over-year to HKD 5.3 billion, driven by robust trading volumes and strategic international expansion.
Key takeaways
- Funded accounts reached 2.9 million, a 41% year-over-year increase, with over 50% from international clients.
- Total trading volume grew 121% year-over-year to HKD 3.59 trillion, fueled by elevated market volatility and increased cryptocurrency trading.
- Client assets hit a record HKD 974 billion, up 68% year-over-year, reflecting strong net asset inflow and improved risk appetite.
- Brokerage income rose 87% year-over-year to HKD 2.6 billion, supported by higher trading activity, despite a decline in blended commission rates.
- Wealth management client assets surged 104% year-over-year to HKD 163.2 billion, bolstered by innovative product offerings in fixed income and digital assets.