Hong Kong's Futu Q2 revenue jumps on strong trading activity

Futu Holdings

20/08/2026 09:13

Overview
Hong Kong online brokerage's Q2 revenue rose 36% yr/yr, driven by higher trading volume
Q2 net income climbed 42% yr/yr, with adjusted net income up 40%
Company repurchased 3.8 mln ADSs for US$418 mln in Q2

Outlook
Company did not provide specific financial guidance or outlook for upcoming quarters or full year

Result Drivers
TRADING ACTIVITY - Co said record trading volume, especially in U.S. stocks, was driven by heightened client interest in semiconductor and AI value chain names
CLIENT ASSET GROWTH - Co attributed increase in client assets mainly to higher market valuation of clients’ stock holdings and net asset inflow
MARGIN FINANCING - Co said margin financing and securities lending balance rose due to active Hong Kong IPO market and upbeat sentiment fueling higher leverage utilization

Company press release: ID:nGNX6J7ckF

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
HK$7.20 bln
 
Q2 Net Income
 
HK$3.65 bln
 
Q2 Gross Profit
 
HK$6.21 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the financial technology (fintech) peer group is "buy"
Wall Street's median 12-month price target for Futu Holdings Limited is $152.00, about 38.9% above its August 19 closing price of $109.42
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 19 - Hong Kong exchange posts record half-year profit on trading, fundraising boom
Aug 19 - Webull Q2 revenue jumps 51% on strong trading activity, customer engagement
Aug 17 - Guotai Junan H1 revenue rises 37% on higher commission and fee income

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.)