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Jun 30
Futu Q2 2025 Earnings Report
Futu reported strong top and bottom line growth in Q2 2025.
Key Takeaways
Futu delivered a robust Q2 2025 with significant revenue and net income growth, driven by a surge in trading activity, international expansion, and new crypto offerings.
Total revenue rose to $676.6M, up from $398.6M the year prior.
Net income more than doubled to $327.7M in the quarter.
Trading volume surged 121.2% YoY, with U.S. stocks leading.
Over 50% of funded accounts now come from international markets.
Futu
Futu
Futu Revenue by Segment
Futu Revenue by Geographic Location
Revenue by Segment
Brokerage Revenue
CapyFin.comInterest Income Revenue
CapyFin.comOther Income Revenue
CapyFin.comRevenue by Geographic Location
U.S. Revenue
CapyFin.comHong Kong Revenue
CapyFin.com Forward Guidance
Futu expects continued growth through international expansion, increased trading volumes, and diversified financial products.
Positive Outlook
- International funded accounts surpassed domestic for the first time
- Strong momentum in crypto trading offerings
- Continued growth in total client assets
- Improved client retention rate over 98%
- Expanded product offerings in key APAC markets
Challenges Ahead
- Softer trading activity in Hong Kong tech stocks
- Pressure on commission rates
- High marketing and R&D expenses
- Market volatility impacted leveraged positions
- Currency and regulatory risks in international expansion
Revenue & Expenses
Visualization of income flow from segment revenue to net income