FUTU Futu Holdings Limited
Price Chart
Executive Summary
Futu Holdings reported strong fourth quarter and full-year 2025 results with revenue up 45.3% YoY and net income surging 80.2% YoY, driven by record trading volumes, higher interest income, and operating leverage. Client assets and funded accounts grew significantly, reinforcing its market leadership in Hong Kong and expansion in Malaysia.
Key Financial Metrics
Actionable Insight
Futu's strong fundamentals, expanding margins, and international growth justify a higher valuation multiple. Traders should monitor sustained trading volume momentum and margin trends, especially in U.S. stock margin activity and wealth management adoption in new markets.
Key Facts
- Q4 2025 revenue: $827.2M (up 45.3% YoY), full-year revenue: $2.94B (up 68.1% YoY)
- Q4 net income: $432.9M (up 80.2% YoY); full-year net income: $1.45B (up 108.0% YoY)
- Operating margin expanded to 64.4% in Q4 (from 50.0% YoY) and 61.6% for full year (from 48.7%)
- Total client assets: HK$1.23T (+65.9% YoY); funded accounts: 3.37M (+39.6% YoY)
- Guidance: 800K net new funded accounts expected in 2026
Financial Impact
Revenue and earnings growth significantly outpaced industry averages, with net income more than doubling in 2025. Operating leverage boosted margins despite increased R&D spending on AI and crypto initiatives.
Risk Factors
- Growth in Hong Kong decelerated due to stock market downturn; regional concentration remains a risk
- Crypto trading resilience may be tested if sentiment worsens
- Increased regulatory scrutiny in international markets could impact expansion
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3254320 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 4, 2026
5d ago
|
Press Release
| $95.78 $92.33 | ▼ −3.60% | ▼ −1.00% | $91.08 (−4.91%) |
|
May 28, 2026
12d ago
|
6-K
| $104.91 $104.07 | ▼ −0.80% | ▼ −1.04% | $91.08 (−13.18%) |
|
May 28, 2026
12d ago
|
Press Release
| $104.91 $104.07 | ▼ −0.80% | ▼ −1.04% | $91.08 (−13.18%) |
|
May 28, 2026
13d ago
|
Press Release
| $104.91 $104.07 | ▼ −0.80% | ▼ −1.04% | $91.08 (−13.18%) |
|
May 27, 2026
14d ago
|
Press Release
| $110.22 $104.91 | ▼ −4.82% | ▼ −5.37% | $91.08 (−17.37%) |
|
May 23, 2026
18d ago
|
Press Release
| $107.70 $110.22 | ▲ +2.34% | ▲ +2.33% | $91.08 (−15.43%) |
|
May 22, 2026
18d ago
|
6-K
| $89.76 $107.70 | ▼ −19.99% | ▼ −19.40% | $91.08 (−1.47%) |
|
May 19, 2026
21d ago
|
Press Release
| $124.50 $124.72 | ▲ +0.18% | ▼ −0.86% | $91.08 (−26.84%) |
|
Apr 15, 2026
7w ago
|
Press Release
| $162.12 $165.06 | ▲ +1.81% | ▲ +1.56% | $91.08 (−43.82%) |
|
Mar 27, 2026
10w ago
|
Press Release
| $131.83 $129.30 | ▼ −1.92% | ▼ −1.56% | $91.08 (−30.91%) |
US Market Status
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