Futu Holdings ((FUTU)) has held its Q2 earnings call. Read on for the main highlights of the call.
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Futu Holdings’ recent earnings call highlighted a strong performance marked by impressive growth in funded accounts, international expansion, and robust financial results. Despite challenges such as a decline in Hong Kong stock trading volume and increased operating expenses, the company showcased significant positive achievements that outweighed these hurdles.
Record Growth in Funded Accounts
Futu Holdings reported a remarkable increase in funded accounts, reaching approximately 2.9 million. This represents a 41% increase year-over-year and an 8% rise quarter-over-quarter, indicating a strong and sustained growth trajectory for the company.
International Expansion Success
The company’s international expansion efforts have been fruitful, with over 50% of funded accounts now originating from outside of Futu Securities Hong Kong. Key growth markets include Singapore, the U.S., Malaysia, and Japan, highlighting Futu’s successful global outreach.
Strong Financial Performance
Futu Holdings achieved a total revenue of HKD 5.3 billion, marking a 70% increase from the same period last year. Net income also saw a significant rise, increasing by 113% year-over-year, underscoring the company’s strong financial health.
Significant Increase in Trading Volume
The earnings call revealed a substantial increase in trading volume, reaching HKD 3.59 trillion. This represents a 121% year-over-year increase, showcasing Futu’s growing influence in the trading sector.
Cryptocurrency Trading Launch
In June, Futu Holdings launched cryptocurrency trading in most U.S. states, reinforcing its position as a comprehensive trading platform and tapping into the burgeoning crypto market.
Wealth Management Growth
Wealth management client assets grew to HKD 163.2 billion, a 104% increase year-over-year, reflecting Futu’s expanding footprint in the wealth management sector.
IPO Market Leadership
Futu Holdings partnered with 6 of the 10 largest Hong Kong IPOs by fundraising size in the first half of 2025, cementing its leadership position in the IPO market.
Decline in Hong Kong Stock Trading Volume
The company faced a 9% quarter-over-quarter contraction in Hong Kong stock trading volume, primarily due to reduced interest in the technology sector, highlighting a challenge amid its successes.
Increased Operating Expenses
Operating expenses rose by 21% year-over-year, driven by investments in AI and an increase in general and administrative headcount, reflecting Futu’s commitment to innovation and growth.
Forward-Looking Guidance
Futu Holdings provided optimistic forward-looking guidance, emphasizing its robust growth and strategic initiatives. The company highlighted a 41% year-over-year increase in total funded accounts and significant international expansion. With a record HKD 974 billion in total client assets and a 121% year-over-year increase in trading volume, Futu is poised for continued success.
In conclusion, Futu Holdings’ earnings call painted a picture of a company on a strong growth path, with significant achievements in account growth, international expansion, and financial performance. Despite challenges in the Hong Kong market and rising expenses, Futu’s forward-looking guidance suggests a promising future for the company.