Futu
Holdings (NASDAQ: FUTU), the tech-focused online trading platform, posted net income that more
than doubled in the second quarter as volatile markets and high-profile stock
offerings drove trading activity across its global client base.
The Hong
Kong-based company reported net income of HK$2.57 billion (US$327.7 million)
for the three months ended June 30, up
113% from HK$1.21 billion (US$154.1 million) in the same period last year.
Revenue jumped 69.7% to HK$5.31 billion (US$676.6 million).
The results
underscore how market turbulence can benefit online brokerages, even as it
rattles individual investors. Futu’s trading volumes surged 121% year-over-year
to HK$3.59 trillion (US$457.5 billion) during the quarter, with U.S. stock
trading reaching HK$2.70 trillion (US$344.0 billion) and Hong Kong stocks
accounting for HK$833.5 billion (US$106.2 billion).
Financial Metric | Value | Year-over-Year Growth |
Total Revenues | HK$5.31 billion (US$676.6 million) | 69.7% |
Net Income | HK$2.57 billion (US$327.7 million) | 112.7% |
Total Client Assets | HK$973.9 billion (US$124.1 billion) | 68.1% |
Total Trading Volume | HK$3.59 trillion (US$457.5 billion) | 121.2% |
Funded Accounts | 2.88 million | 40.9% |
Client Growth Accelerates
Futu’s
funded accounts, those with positive balances, grew to nearly 2.9 million by
quarter-end, marking a 40.9% increase from a year earlier. For comparison, in
the previous quarter the number of accounts stood at 2.67 million. More
tellingly for the company’s international ambitions, over half of these
accounts now come from clients outside its Hong Kong Securities operation.
“Trade
policy-induced market volatility, coupled with a slate of high-profile IPOs,
boosted retail sentiment in Hong Kong, which, for the third quarter in a row,
contributed the highest number of new funded accounts across all markets,”
said Leaf Hua Li, Futu’s Chairman and Chief Executive.
The company
added more than 204,000 new funded accounts during the quarter, a 31.6%
increase from the previous year. Client retention remained strong at above 98%,
the company said.
Also check Futu’s 2024 results: Futu Profit Surges 113% as AI and Crypto Stocks Fuel $371 Billion Trading Volume
Asset Surge Drives Revenue
Total
client assets climbed to a record HK$973.9 billion (US$124.1 billion), up 68%
year-over-year and 17% from the first quarter. The increase reflected both new
money flowing in and favorable market movements in Hong Kong and U.S. equities.
Net asset
inflows during the first half of 2025 nearly doubled compared to the same
period last year, Futu said, with growth coming from all markets where it
operates.
The asset
growth helped drive interest income, which rose 43.8% to HK$2.29 billion
(US$291.5 million). Brokerage commission and handling charges jumped 87.4% to
HK$2.58 billion (US$328.5 million), though the company noted that blended
commission rates were softer than the year-ago quarter.
International Expansion
Continues
Futu has
been pushing beyond its Hong Kong base into markets including the United
States, Singapore, Malaysia and Japan.
“In the
second quarter, we became the official sponsor of the New York Mets, further
elevating our brand image in the U.S. and beyond,” Hua Li added. “We also
launched crypto trading in most of the states in June, strengthening our value
proposition as a one-stop trading platform.”
In Japan,
Futu partnered with Nasdaq and the Japan Exchange Group to host an investment
event that attracted over 12,000 Tokyo-based investors to register, helping
raise brand awareness among local retail investors.
The company
also expanded its wealth management offerings, with assets under management in
that segment reaching HK$163.2 billion (US$20.8 billion), up 104.4%
year-over-year. In Hong Kong, Futu became the first online broker to offer
structured products to retail investors and the only platform to distribute
tokenized money market funds.
Futu
Holdings (NASDAQ: FUTU), the tech-focused online trading platform, posted net income that more
than doubled in the second quarter as volatile markets and high-profile stock
offerings drove trading activity across its global client base.
The Hong
Kong-based company reported net income of HK$2.57 billion (US$327.7 million)
for the three months ended June 30, up
113% from HK$1.21 billion (US$154.1 million) in the same period last year.
Revenue jumped 69.7% to HK$5.31 billion (US$676.6 million).
The results
underscore how market turbulence can benefit online brokerages, even as it
rattles individual investors. Futu’s trading volumes surged 121% year-over-year
to HK$3.59 trillion (US$457.5 billion) during the quarter, with U.S. stock
trading reaching HK$2.70 trillion (US$344.0 billion) and Hong Kong stocks
accounting for HK$833.5 billion (US$106.2 billion).
Financial Metric | Value | Year-over-Year Growth |
Total Revenues | HK$5.31 billion (US$676.6 million) | 69.7% |
Net Income | HK$2.57 billion (US$327.7 million) | 112.7% |
Total Client Assets | HK$973.9 billion (US$124.1 billion) | 68.1% |
Total Trading Volume | HK$3.59 trillion (US$457.5 billion) | 121.2% |
Funded Accounts | 2.88 million | 40.9% |
Client Growth Accelerates
Futu’s
funded accounts, those with positive balances, grew to nearly 2.9 million by
quarter-end, marking a 40.9% increase from a year earlier. For comparison, in
the previous quarter the number of accounts stood at 2.67 million. More
tellingly for the company’s international ambitions, over half of these
accounts now come from clients outside its Hong Kong Securities operation.
“Trade
policy-induced market volatility, coupled with a slate of high-profile IPOs,
boosted retail sentiment in Hong Kong, which, for the third quarter in a row,
contributed the highest number of new funded accounts across all markets,”
said Leaf Hua Li, Futu’s Chairman and Chief Executive.
The company
added more than 204,000 new funded accounts during the quarter, a 31.6%
increase from the previous year. Client retention remained strong at above 98%,
the company said.
Also check Futu’s 2024 results: Futu Profit Surges 113% as AI and Crypto Stocks Fuel $371 Billion Trading Volume
Asset Surge Drives Revenue
Total
client assets climbed to a record HK$973.9 billion (US$124.1 billion), up 68%
year-over-year and 17% from the first quarter. The increase reflected both new
money flowing in and favorable market movements in Hong Kong and U.S. equities.
Net asset
inflows during the first half of 2025 nearly doubled compared to the same
period last year, Futu said, with growth coming from all markets where it
operates.
The asset
growth helped drive interest income, which rose 43.8% to HK$2.29 billion
(US$291.5 million). Brokerage commission and handling charges jumped 87.4% to
HK$2.58 billion (US$328.5 million), though the company noted that blended
commission rates were softer than the year-ago quarter.
International Expansion
Continues
Futu has
been pushing beyond its Hong Kong base into markets including the United
States, Singapore, Malaysia and Japan.
“In the
second quarter, we became the official sponsor of the New York Mets, further
elevating our brand image in the U.S. and beyond,” Hua Li added. “We also
launched crypto trading in most of the states in June, strengthening our value
proposition as a one-stop trading platform.”
In Japan,
Futu partnered with Nasdaq and the Japan Exchange Group to host an investment
event that attracted over 12,000 Tokyo-based investors to register, helping
raise brand awareness among local retail investors.
The company
also expanded its wealth management offerings, with assets under management in
that segment reaching HK$163.2 billion (US$20.8 billion), up 104.4%
year-over-year. In Hong Kong, Futu became the first online broker to offer
structured products to retail investors and the only platform to distribute
tokenized money market funds.
