TipRanks
Up Fintech Holding Ltd (MX:TIGRN)
:TIGRN
Mexico Market
EarningsQ2 2026 Earnings Report

Up Fintech Holding (TIGRN) Q2 2026 Earnings Report

0 Followers

MX:TIGRN Q2 2026 EPS Results

Actual EPS$4.21
Consensus EPS$3.81
Beat/MissBeat by +$0.40
One Year Ago EPS$4.41

MX:TIGRN Q2 2026 Revenue Results

Actual Revenue$3.34B
Expected Revenue$2.82B
Beat/MissBeat by +$523.90M
YoY Revenue Growth+31.15%

Earnings Announcement Details

QuarterQ2 2026
Date08/26/2026
TimeBefore Open
Conference CallWednesday, August 26, 2026
MX:TIGRN Upcoming Earnings
Up Fintech Holding's next earnings date is estimated for December 1, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

MX:TIGRN 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 26, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presents a fundamentally positive operating and revenue story: record quarterly revenue, strong commission and interest income growth, returning to profitability, meaningful client asset and funded account growth, and tangible traction across international markets and B2B services. Offsetting these positives are material cost increases (notably marketing and compensation), a pronounced drop in cash equity take rate driven by market mix and U.S. zero-commission flows, a temporarily elevated tax burden (partly noncash), and concentrated regulatory effects on Mainland clients. On balance, the highlights around top-line growth, profitability recovery, and diversified international momentum outweigh the lowlights tied mainly to investment spending and mix-driven margin compression.
Company Guidance
Management's guidance was that Q3 quarter-to-date both net asset inflows and mark-to-market gains have each exceeded $1.0 billion, driving client assets to a high-single-digit QoQ increase from Q2’s $60.7 billion; trading volume and commissions are running slightly below Q2 (Q2 commission income $78.3M, interest income $79.8M, total revenue $182M, operating profit $56.8M, GAAP net income $39.4M/non‑GAAP $42.8M), new funded accounts are expected to be flat or up versus Q2 (Q2 added 32,600 to 1.32M funded accounts) with average net asset inflow per new funded user ~ $25,000, the cash equity take rate should recover somewhat from Q2’s 3.6 bps (Q1 5.9 bps) while blended take rate stays relatively stable, normalized effective tax rate is targeted at ~10–15% (Q2 was ~28% due to one‑offs), H2 CAC is expected in the ~$450–$550 range, and repurchases may continue under the $50M buyback program (≈$5M repurchased so far).
Record Quarterly Revenue
Total revenue reached $182.0M in Q2 2026, an all-time high, increasing ~31% year-over-year and ~18% quarter-over-quarter.
Return to Profitability
GAAP net income was $39.4M and non-GAAP net income was $42.8M in Q2, returning to profitability from a net loss in the prior quarter; both up ~20% quarter-over-quarter when excluding a ~$59.7M one-off penalty in Q1.
Strong Commission and Interest Income Growth
Commission income was $78.3M (+21% YoY, +17% QoQ) and interest income was $79.8M (+36% YoY, +24% QoQ), together driving revenue strength.
Client Assets and Net Inflows
Total client assets reached $60.7B at quarter-end, up ~16.7% year-over-year and ~3.1% quarter-over-quarter, with retail net asset inflows exceeding $1.5B in Q2.
User Growth and Higher-Quality New Accounts
Added 32,600 new funded accounts in Q2 (+12.7% QoQ); total funded accounts 1.32M (+10.3% YoY). Average net asset inflow per new funded account rose to ~ $25,000 in Q2 from under $20,000 in Q1.
Regional Market Momentum
Client assets grew QoQ across all markets: Hong Kong client assets up nearly 30% QoQ, Australia & New Zealand >30% QoQ, and U.S. market nearly 50% QoQ, highlighting international expansion success.
B2B and Capital Markets Activity
Underwrote 14 Hong Kong IPOs (including AI and hard-tech names) and participated in distribution of 4 U.S. IPOs; ESOP business added 50 clients (total 840), indicating diversified revenue streams.
Product Localization and User Experience Enhancements
Launched fractional share trading for Singapore-listed stocks/REITs, tax reporting tools for HK/Singapore/New Zealand, and Cboe index option trading in Hong Kong—measures intended to lower entry barriers and improve retention.

MX:TIGRN Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Dec 01, 2026
2026 (Q3)
4.26 / -
5.616―
2026 (Q2)
3.81 / 4.21
4.409-4.56% (-0.20)
2026 (Q1)
4.24 / -2.45
3.622-167.68% (-6.07)
2025 (Q4)
3.93 / 4.83
3.14753.49% (+1.68)
2025 (Q3)
4.06 / 5.62
2.269147.58% (+3.35)
2025 (Q2)
1.83 / 4.41
0.604630.30% (+3.81)
2025 (Q1)
2.01 / 3.62
1.683115.22% (+1.94)
2024 (Q4)
- / 3.15
0.1282357.14% (+3.02)
2024 (Q3)
1.10 / 2.27
1.82924.00% (+0.44)
2024 (Q2)
0.91 / 0.60
1.775-65.98% (-1.17)
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