The consensus estimate provided (EPS $25.85) is likely for a different period or metric — the reported GAAP diluted EPS of HK$26.08 (US$3.33) aligns with the historical Street-convention range of $0.77–$3.07. Focus on the strong operational momentum: record trading volume, accelerating funded account growth, and geographic expansion (Thailand license, virtual asset services).
Price Chart
Executive Summary
Futu reported Q2 2026 revenue of HK$7.20B (+35.6% YoY) and net income of HK$3.64B (+41.6% YoY), with record trading volume of HK$6.42T (+78.8% YoY) driven by surging US stock activity. However, the consensus estimate provided (EPS $25.85, revenue $5.91B) appears to be for a different period or metric — the reported GAAP diluted EPS of HK$26.08 (US$3.33) is in line with the company's historical Street-convention EPS range of $0.77–$3.07, making the headline 'miss' a data mismatch.
Key Financial Metrics
Key Facts
- Total revenues HK$7.20B (+35.6% YoY), net income HK$3.64B (+41.6% YoY)
- Record total trading volume HK$6.42T (+78.8% YoY), US stock volume HK$5.02T (+67.2% QoQ)
- Funded accounts grew 33.6% YoY to 3.84M; client assets HK$1.40T (+43.6% YoY)
- Margin financing balance HK$95.1B (+85.1% YoY, +30.5% QoQ)
- Share repurchases of ~3.8M ADS for ~$418M to date under current program
- Received Thailand SEC Type A license to launch Moomoo Thailand; SFC approval for virtual asset financing in Hong Kong
Financial Impact
Revenue grew 35.6% YoY to HK$7.20B; net income up 41.6% to HK$3.64B; operating margin 62.0% vs 63.0% YoY
Risk Factors
- Declining blended commission rate partially offsetting volume gains
- Operating margin contracted slightly to 62.0% from 63.0% YoY
- Concentration risk in US stock trading (78% of volume) exposes to US market volatility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3348115 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | Institutional Cluster | $98.92 $99.19 | ▲ +0.27% | ▲ +0.80% | $102.36 (+3.48%) |
Aug 27, 2026 8w ago | Press Release | $124.57 $124.26 | ▼ −0.25% | ▼ −0.02% | $102.36 (−17.83%) |
Aug 20, 2026 9w ago | 6-K | $112.73 $123.64 | ▲ +9.68% | ▲ +9.27% | $102.36 (−9.20%) |
Aug 20, 2026 9w ago | Press Release | $112.73 $123.64 | ▲ +9.68% | ▲ +9.27% | $102.36 (−9.20%) |
Aug 7, 2026 11w ago | Press Release | $109.02 $108.70 | ▼ −0.29% | ▼ −0.26% | $102.36 (−6.11%) |
Jun 4, 2026 20w ago | Press Release | $95.78 $92.33 | ▼ −3.60% | ▼ −1.00% | $102.36 (+6.87%) |
May 28, 2026 21w ago | 6-K | $104.91 $104.07 | ▼ −0.80% | ▼ −1.04% | $102.36 (−2.43%) |
May 28, 2026 21w ago | Press Release | $104.91 $104.07 | ▼ −0.80% | ▼ −1.04% | $102.36 (−2.43%) |
May 27, 2026 21w ago | Press Release | $104.91 $104.07 | ▼ −0.80% | ▼ −1.04% | $102.36 (−2.43%) |
May 27, 2026 21w ago | Press Release | $110.22 $104.91 | ▼ −4.82% | ▼ −5.37% | $102.36 (−7.13%) |
US Market Status
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