Strong Client Growth
Futu Holdings Limited concluded the third quarter with 3,130,000 funded accounts, marking a 43% year-over-year and 9% quarter-over-quarter increase. Net new funded accounts increased by 65% year-over-year and 25% sequentially.
Significant Revenue Growth
Total revenue was HKD 6.4 billion, up 86% from HKD 3.4 billion in 2024. Brokerage commission and handling charge income was HKD 2.9 billion, up 91% year-over-year and 13% quarter-over-quarter.
Impressive Net Income Increase
Net income increased by 143% year-over-year and 25% quarter-over-quarter to HKD 3.2 billion. Net income margin expanded to 50.1% from 38.4% year-over-year.
Crypto Business Expansion
Crypto trading showed strong growth, with triple-digit sequential growth in client crypto AUM and trading volume in Hong Kong. Solana was notably popular, and the expansion of token offerings is planned.
Investment in AI and Crypto
Increased investment in AI and crypto capabilities, with R&D expenses up 49% year-over-year and 30% quarter-over-quarter, primarily driven by these investments.