Plus500 H1 revenue rises to three-year high on trading income growth
Plus500 H1 revenue rises to three-year high on trading income growth
Overview
Global trading platform operator's H1 2026 revenue grew 12% yr/yr to a three-year high
EBITDA for H1 2026 rose 1%, reflecting increased investment in customer acquisition and US expansion
Company announced $182.5 mln shareholder returns, including $100 mln buybacks and $82.5 mln dividends
Outlook
Plus500 expects FY 2026 revenue and EBITDA to be in-line with current market expectations
Company sees growth in H2 2026 driven by B2B partnerships, prediction markets, and OTC expansion
Plus500 continues to evaluate further bolt-on acquisitions to accelerate global growth
Result Drivers
TRADING INCOME GROWTH - Co said higher trading income, driven by increased customer activity and deposits, was the main contributor to revenue growth
NON-OTC EXPANSION - Revenue from non-OTC business rose about 30% yr/yr, helped by new product launches and B2B partnerships, especially in the US
CUSTOMER ACQUISITION INVESTMENT - EBITDA growth was limited by deliberate increases in marketing spend to attract higher-value customers and expand in the US
Company press release: ID:nRSJ8914Pa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| $462.90 mln |
|
H1 EBITDA |
| $187.50 mln |
|
H1 EBITDA Margin |
| 41.00% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous fintech infrastructure peer group is "buy"
Wall Street's median 12-month price target for Plus500 Ltd. is GBp5,350.00, about 42.4% above its August 7 closing price of GBp3,756.00
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago
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(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.)