TipRanks
Futu Holdings Ltd (FUTU)
NASDAQ:FUTU
US Market
Want to see FUTU full AI Analyst Report?
EarningsQ2 2026 Earnings Report

Futu Holdings (FUTU) Q2 2026 Earnings Report

2,096 Followers

FUTU Q2 2026 EPS Results

Actual EPS$3.32
Consensus EPS$2.98
Beat/MissBeat by +$0.35
One Year Ago EPS$2.32

FUTU Q2 2026 Revenue Results

Actual Revenue$918.98M
Expected Revenue$785.81M
Beat/MissBeat by +$133.17M
YoY Revenue Growth+35.05%

Earnings Announcement Details

QuarterQ2 2026
Date08/20/2026
TimeBefore Open
Conference CallThursday, August 20, 2026
FUTU Upcoming Earnings
Futu Holdings's next earnings date is estimated for November 24, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

FUTU Q2 2026 Earnings Call
0:00 / 0:00

Q2 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2026 Earnings Call Summary

Q2 2026
Earnings Call Date:Aug 20, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presents strong top-line and operating performance—record trading volumes, robust account and asset growth, solid revenue and net income expansion, and strategic product/regulatory milestones (virtual asset financing, U.S. prediction markets, ASEAN licensing). Offsetting risks include rising costs (notably S&M and processing), higher interest and commission expenses, a modest compression in commission rates/gross margin, a Q2–Q3 moderation in new account additions and trading activity, and mid-single-digit client asset outflows tied to recent Mainland regulations. Management highlights overseas expansion momentum and improving profitability in key markets (Singapore breakeven; Malaysia recently breakeven), while noting CAC pressures and near-term sensitivity to market volatility.
Company Guidance
Management provided limited formal forward guidance but reiterated a full‑year blended CAC range of HKD 2,500–3,000 (Q2 blended CAC ≈ HKD 2,600 and higher in July) and said Q3‑to‑date trends are modestly softer with net funded‑account additions moderating versus Q2 (Q2 net adds 252,000; period‑end funded accounts 3.84 million), trading volume down modestly sequentially from Q2’s record HKD 6.42 trillion (U.S. HKD 5.02 trillion; Hong Kong HKD 1.17 trillion), and net asset inflows back to normalized levels after cumulative outflows of about mid‑single‑digit percent of total client assets (Q2 client assets HKD 1.4 trillion, +43.6% YoY, +14.5% QoQ); they noted Hong Kong retention >98%, moomoo now ~60% share of funded accounts, merchant financing/securities lending at HKD 95.1 billion, wealth management AUM HKD 180.2 billion, 683 IPO distribution/IR clients, and strong product signals (prediction‑market event contracts >$200 million in the first month); Thailand license secured but launch timing awaits regulator readiness, and the firm is exploring extending unified buying‑power to virtual assets.
Robust Account Growth
252,000 net new funded accounts in Q2 (+23.7% YoY, +12.2% QoQ); total funded accounts ~3.84 million (+33.6% YoY, +7.0% QoQ). Malaysia led net new funded accounts for the third consecutive quarter; Singapore registered users surpassed 2 million.
Large Increase in Client Assets and Leverage
Total client assets reached HKD 1.4 trillion (+43.6% YoY, +14.5% QoQ). Period-end merchant financing and securities lending balance rose to HKD 95.1 billion (+31% QoQ).
Record Trading Volume Driven by U.S. Stocks
Total trading volume hit a record HKD 6.42 trillion (+78.8% YoY, +54.6% QoQ). U.S. stock trading volume was HKD 5.02 trillion (up 67.2% sequentially) and Hong Kong trading volume was HKD 1.17 trillion (+15.9% QoQ).
Strong Revenue and Profitability Expansion
Total revenue was HKD 7.2 billion (+36% YoY). Gross profit HKD 6.2 billion (+34% YoY). Net income increased to HKD 3.6 billion (+42% YoY); net income margin expanded to 50.6% (from 48.4% prior year). Operating margin remained healthy at ~62%.
Product and Market Milestones
Futu Securities became the first Hong Kong broker to launch securities-backed margin financing for virtual assets under upgraded license. moomoo launched U.S. prediction markets in June with >$200 million in event-contract volume within one month. Obtained Type A securities license in Thailand as part of ASEAN expansion.
Wealth Management and IPO Franchise Strength
Wealth Management client assets reached HKD 180.2 billion (+10% YoY, +1% QoQ). Q2 ended with 683 IPO distribution/IR clients (+32% YoY); nearly 60% of newly listed Hong Kong companies partnered with Futu in the quarter.

FUTU Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Nov 24, 2026
2026 (Q3)
3.27 / -
2.905―
2026 (Q2)
2.98 / 3.32
2.32442.98% (+1.00)
2026 (Q1)
2.89 / 0.76
1.947-60.73% (-1.18)
2025 (Q4)
2.86 / 3.05
1.70179.18% (+1.35)
2025 (Q3)
2.46 / 2.91
1.27128.69% (+1.63)
2025 (Q2)
1.78 / 2.32
1.1896.91% (+1.14)
2025 (Q1)
1.78 / 1.95
1.02989.13% (+0.92)
2024 (Q4)
1.55 / 1.70
0.804111.57% (+0.90)
2024 (Q3)
1.24 / 1.27
1.00226.84% (+0.27)
Aug 20, 2024
2024 (Q2)
1.04 / 1.18
1.01815.93% (+0.16)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed