UK's Plus500 forecasts strong 2026 as expansion efforts bolster optimism (updated)
09/02/2026 07:41
Adds details throughout
Feb 9 (Reuters) - Plus500 PLUSP.L forecast 2026 results ahead of market expectations on Monday, as the online trading platform expands its operations globally via partnerships and deals after 2025 profit beat estimates.
The Israel-based company has been pushing into new high-growth markets, most recently launching event-based prediction markets on its U.S. retail platform through a partnership with Kalshi, as it looks to broaden and diversify its revenue base.
Analysts, on average, expect revenues of $749.3 million and core profit of about $348.4 million in fiscal year 2026, according to a Plus500-compiled poll.
The company has been targeting higher-quality clients and expanding into fast-growing markets, including India, the UAE, and Japan, to broaden its revenue base and global reach.
Building on its momentum, Plus500 also announced plans to repurchase $100 million worth of its shares.
For the year ended December 31, the company posted a core profit of $348.1 million on revenues of $792.4 million, outpacing market expectations of a profit of $345.8 million on revenues of $757.7 million.
(Reporting by Yamini Kalia and Sri Hari N S in Bengaluru; Editing by Rashmi Aich)
((Yamini.Kalia@thomsonreuters.com;))