eToro Q2 net income rises 77%, adjusted EPS up 21%

eToro

11/08/2026 12:11

Overview
Trading platform's Q2 net contribution grew 9% yr/yr, driven by equities trading activity
Adjusted diluted EPS for Q2 rose to $0.68 from $0.56 a year earlier
Company announced agreement to acquire TradeZero, expanding US presence

Outlook
Company expects TradeZero acquisition to be financially accretive and support accelerated growth
etoro sees continued momentum in savings and wealth management offerings
Company anticipates strengthened US presence and enhanced capabilities for active traders after TradeZero deal

Result Drivers
EQUITIES TRADING - Co said Q2 net contribution growth was driven primarily by increased equities trading activity
USER GROWTH - Funded accounts rose 18% yr/yr, which co attributed to strength in user acquisition and retention efforts
PRODUCT INNOVATION - Co cited new product launches, including a new mobile app and features for active traders, as supporting engagement and platform expansion

Company press release: ID:nGNXx00Bz

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$1.59 bln
 
Q2 Adjusted EPS
 
$0.68
 
Q2 EPS
 
$0.58
 
Q2 Net Income
 
$53.48 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
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Aug 10 - Bakkt Q2 revenue falls 70% on digital asset trading slowdown
Aug 10 - Kalshi ties up with Nasdaq to bolster trade surveillance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)