Futu FY2025 Revenue Jumps 68% to HK$22.85B, Net Income Doubles
Futu’s FY2025 revenues surged 68.1% to HK$22.85B and net income more than doubled 108% to HK$11.30B. Operational metrics showed funded accounts jumped 39.6% to 3.37M, client assets rose 65.9% to HK$1.23T and Q4 trading volume reached a record HK$3.98T.
1. Operational Highlights
Futu ended 2025 with 3,365,414 funded accounts, a 39.6% year-over-year increase, and 5,948,093 brokerage accounts, up 29.8%. Total users reached 29.2 million (+16.0%), client assets climbed 65.9% to HK$1.23 trillion, and margin financing and securities lending balances rose 33.1% to HK$67.7 billion. Trading volume in Q4 hit a record HK$3.98 trillion, including HK$3.04 trillion in U.S. stocks and HK$821.1 billion in Hong Kong equities.
2. Q4 Financial Results
In the fourth quarter of 2025, total revenues grew 45.3% year-over-year to HK$6,438.5 million (US$827.2 million) and gross profit rose 56.2% to HK$5,709.7 million (US$733.6 million). Net income surged 80.2% to HK$3,369.4 million (US$432.9 million), while non-GAAP adjusted net income increased 77.0% to HK$3,455.7 million (US$444.0 million).
3. Full Year Financial Results
For the full year 2025, Futu reported total revenues of HK$22,846.9 million (US$2,935.4 million), up 68.1%, and gross profit of HK$19,904.5 million (US$2,557.3 million), up 78.6%. Net income more than doubled by 108.0% to HK$11,301.9 million (US$1,452.1 million) and non-GAAP adjusted net income climbed 101.9% to HK$11,644.9 million (US$1,496.1 million).
4. Outlook and Growth Drivers
Management guided for 800,000 net new funded accounts in 2026, leveraging strong market share in Hong Kong, rapid expansion in Malaysia and Japan, and growing U.S. stock trading interest. Wealth management assets rose 62.0% to HK$179.6 billion with new funds launched in multiple markets, and IPO distribution services covered 600 clients, capturing 49% of platform subscription amounts.