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.

Futu Holdings Limited Earnings Recaps