UK-listed Plus500's customer income surges as US business grows
20/04/2026 07:55
April 20 (Reuters) - Plus500 PLUSP.L on Monday posted a surge in customer income in the first quarter as it expanded into U.S. consumer prediction markets and heightened market volatility drove demand across its global trading platforms. The Israel-based multi-asset trading platform also said it expects full-year 2026 revenue and core profit to exceed market expectations, which currently stand at $779.3 million and $360.4 million, respectively, according to a company compiled consensus. Here are some details: • Customer income increased 53% year-on-year to $270.6 million in the first-quarter ended March 31, reflecting higher engagement and trading activity • Overall revenue rose 18% to $242.1 million in the quarter, driven by growth across both OTC and non-OTC businesses • Plus500 launched its U.S. consumer prediction markets offering in February and expects to roll out an enhanced version in the second quarter • The US business's revenue grew approximately 45% year-on-year to around $35 million • The company completed its acquisition of Indian futures broker Mehta Equities in February, gaining access to one of the world's largest retail derivatives markets • Shares in the company have risen 25.8% so far this year (Reporting by DhanushVignesh Babu in Bengaluru; Editing by Janane Venkatraman) ((DhanushVignesh.Babu@thomsonreuters.com))