Futu Holdings Ltd. reported second-quarter 2026 revenue of HKD 7.2 billion, a 36% increase from HKD 5.3 billion in the same period last year and exceeding market estimates of HKD 5.91 billion.
Net income climbed 42% to HKD 3.6 billion, while earnings per share reached 26.08, topping the forecast of 25.85. Gross profit rose 34% to HKD 6.2 billion, with a gross margin of 86.3%, down from 87.4% a year earlier. Operating income increased 34% to HKD 4.5 billion, maintaining a 62% operating margin.
Total trading volume surged 78.8% year-over-year to HKD 6.42 trillion, a record high. U.S. stock trading volume accounted for HKD 5.02 trillion of the total, up 67.2% sequentially, while Hong Kong stock trading volume rose 15.9% quarter-over-quarter to HKD 1.17 trillion. Total client assets grew 43.6% year-over-year to HKD 1.4 trillion.
Brokerage commission and handling charge income increased 30% year-over-year to HKD 3.4 billion, while interest income rose 37% to HKD 3.1 billion. Other income jumped 61% to HKD 718 million. Operating expenses climbed 35% to HKD 1.8 billion, driven by a 53% increase in selling and marketing costs.
The company added 252,000 net new funded accounts in the quarter, a 23.7% year-over-year increase, bringing total funded accounts to approximately 3.84 million. Wealth management client assets grew 10% year-over-year to HKD 180.2 billion. Futu partnered with nearly 60% of newly listed Hong Kong companies in Q2, serving 683 IPO and investor-relations clients.
Regulatory changes in mainland China, introduced on May 22, led to mid-single-digit percentage outflows from total client assets, though Hong Kong client retention remained above 98%. In June, Futu became the first Hong Kong broker to offer securities-backed margin financing for virtual assets under an upgraded Type 1 license from the SFC.
Futu’s prediction market service on its Moomoo platform surpassed 200 million event contracts traded in its first month. The company reported profitability in Singapore, break-even in Malaysia—where it led all markets in net new funded accounts for the third consecutive quarter—and secured a Type A securities license in Thailand, pending final regulatory approval.
Shares rose 8.56% in pre-market trading to $118.79, up from the previous close of $109.42.
