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Futu Holdings Ltd

FUTU · Financials

Last earnings Aug 20, 2026

Key results

Total revenuequarter

69.7%

Second Quarter 2025 Financial Highlights · Total revenues increased 69.7% year-over-year to HK$5,310.9 million (US$676.6 million).

SEC original ↗Futu Holdings Ltd — Earnings release (6-K exhibit)EX-99Aug 20, 2025

Net incomequarter

112.7%

· Net income increased 112.7% year-over-year to HK$2,572.6 million (US$327.7 million).

SEC original ↗Futu Holdings Ltd — Earnings release (6-K exhibit)EX-99Aug 20, 2025

Non-GAAP adjusted net incomequarter

105.2%

· Non-GAAP adjusted net income 4 increased 105.2% year-over-year to HK$2,659.8 million (US$338.8 million).

SEC original ↗Futu Holdings Ltd — Earnings release (6-K exhibit)EX-99Aug 20, 2025

” Second Quarter 2025 Financial Results Revenues Total revenues were HK$5,310.9 million (US$676.6 million), an increase of 69.7% from HK$3,129.0 million in the second quarter of 2024.

SEC original ↗Futu Holdings Ltd — Earnings release (6-K exhibit)EX-99Aug 20, 2025

Gross marginquarter

87.4%

Gross margin was 87.4%, as compared to 81.6% in the second quarter of 2024.

SEC original ↗Futu Holdings Ltd — Earnings release (6-K exhibit)EX-99Aug 20, 2025

Operating marginquarter

63.0%

Operating margin increased to 63.0% from 47.3% in the second quarter of 2024 mainly due to strong topline growth and operating leverage.

SEC original ↗Futu Holdings Ltd — Earnings release (6-K exhibit)EX-99Aug 20, 2025

Net Income Net income increased by 112.7% to HK$2,572.6 million (US$327.7 million) from HK$1,209.3 million in the second quarter of 2024.

SEC original ↗Futu Holdings Ltd — Earnings release (6-K exhibit)EX-99Aug 20, 2025

Net income margin for the second quarter of 2025 increased to 48.4% from 38.6% in the year-ago quarter.

SEC original ↗Futu Holdings Ltd — Earnings release (6-K exhibit)EX-99Aug 20, 2025

AI analysis

Q2 2025 · reported Aug 20, 2025

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Gross margin · Q2 2025
87.4%
+5.8 pts vs year ago computed from stated figures
EX-99 · Aug 20, 2025
Operating margin · Q2 2025
63.0%
EX-99 · Aug 20, 2025

The quarter in charts

GAAP gross margin

Percent of revenue, as stated

0%50%100%81.6%Same quarter last year87.4%Q2 2025

EX-99 · Aug 20, 2025 Margin values as stated in the release.

Headline figures

MetricQ2 2025Prior qtrYear ago
Total revenue69.7%——
Net income112.7%——
Non-GAAP adjusted net income105.2%——
Gross margin87.4%—81.6%
Operating margin63.0%——

EX-99 · Aug 20, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin87.4%
Operating margin63.0%

Capital allocation

The increase was mainly driven by higher interest income from securities borrowing and lending business, bank deposits and margin financing.

Interest expenses were HK$377.6 million (US$48.1 million), flat compared to the second quarter of 2024, as higher expenses associated with our securities borrowing and lending business were offset by lower margin financing interest expenses.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Futu Holdings Ltd Q2 2025 — Second Quarter 2025 Financial Highlights · Total revenues increased 69.7% year-over-year to HK$5,310.9 million (US$676.6 million).

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

The increase was mainly driven by higher interest income from securities borrowing and lending business, bank deposits and margin financing.

SEC original ↗Futu Holdings Ltd — Earnings release (6-K exhibit)EX-99Aug 20, 2025

Interest expenses were HK$377.6 million (US$48.1 million), flat compared to the second quarter of 2024, as higher expenses associated with our securities borrowing and lending business were offset by lower margin financing interest expenses.

SEC original ↗Futu Holdings Ltd — Earnings release (6-K exhibit)EX-99Aug 20, 2025

Strategy & priorities

We reached a key milestone in our international expansion – as of quarter end, over half of our total funded accounts are from clients outside of Futu Securities Hong Kong.

SEC original ↗Futu Holdings Ltd — Earnings release (6-K exhibit)EX-99Aug 20, 2025

A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Futu's goal and strategies; Futu's expansion plans; Futu's future business development, financial condition and results of operations; Futu's expectations regarding demand for, and market acceptance of, its credit products; Futu's expectations regarding keeping and strengthening its relationships with borrowers, institutional funding partners, merchandise suppliers and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing.

SEC original ↗Futu Holdings Ltd — Earnings release (6-K exhibit)EX-99Aug 20, 2025

Risks & headwinds

Forward-looking statements involve inherent risks and uncertainties.

SEC original ↗Futu Holdings Ltd — Earnings release (6-K exhibit)EX-99Aug 20, 2025

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Arthur J. Gallagher & Co. (AJG) FinancialsSun Life Financial (SLF) FinancialsRaymond James Financial (RJF) FinancialsAflac (AFL) FinancialsING Group (ING) FinancialsNorthern Trust (NTRS) FinancialsCincinnati Financial (CINF) FinancialsCoinbase (COIN) Financials
Documents

Filings

35 documents

Earnings releases

19 documents

Presentations

0 documents

No presentations for Futu Holdings Ltd are held in this edition of the library.

Transcripts

0 documents

No transcripts for Futu Holdings Ltd are held in this edition of the library.

Mentioned by

1 company

Other tracked companies whose held documents mention Futu Holdings Ltd by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.