eToro Q1 Net Contribution +19% to $258M, Launches 24/7 Trading and Closes Zengo Deal
ETOR•eToro's Q1 2026 net contribution rose 19% to $258M, net income climbed 37% to $82M and adjusted EBITDA jumped 35% to $109M on 4.02M funded accounts, up 12% YoY. The company launched 24/7 trading, added Japanese equities, initiated crypto trading in New York and closed the Zengo acquisition.
1. Financial Highlights
In Q1 2026, eToro delivered a 19% increase in net contribution to $258 million, with GAAP net income rising 37% to $82 million and adjusted EBITDA up 35% to $109 million. Funded accounts reached 4.02 million, up 12% YoY, while assets under administration grew 15% to $17.0 billion and cash reserves stood at $1.3 billion.
2. Product and Strategic Developments
During the quarter, eToro expanded its platform with 24/7 trading for commodities, equities and indices, added Japanese equities and launched crypto trading in New York under its BitLicense. The company introduced AI-powered Agent Portfolios, expanded the eToro App Store and completed the acquisition of Zengo, a self-custodial crypto wallet provider, on April 30, 2026.
3. April Operational Metrics
In April 2026, assets under administration climbed to $18.7 billion, up 19% YoY, and funded accounts rose to 4.07 million, up 13%. Capital markets activity saw 63 million trades, a 50% increase, while crypto trades totaled 2 million, down 32%. Interest earning assets hit $7.0 billion and total money transfers jumped 53% to $1.4 billion.
