Futu Announces Q2 2025 Results: Net Income Up 105% YoY, Crypto Strategy Drives Long-Term Growth

(Hong Kong, August 20, 2025) Futu Holdings Limited ("Futu" or the "Company") (Nasdaq: FUTU), a leading tech-driven digitalized brokerage and wealth management platform, today announced its unaudited financial results for the second quarter ended June 30, 2025.

This quarter, Futu reported total revenues of HK$5.31 billion (US$676.6 million), representing a year-over-year ("YoY") increase of 69.7%; its non-GAAP net income reached HK$2.66 billion (US$338.8 million), up 105.2% YoY. In terms of different businesses, brokerage commission and handling charge income totaled HK$2.58 billion (US$328.5 million), up 87.4% YoY; interest income rose by 43.8% YoY to HK$2.29 billion (US$291.5 million); other income (including income from wealth management, corporate services, etc.) amounted to HK$444.1 million (US$56.6 million), growing 175.8% YoY.

As of quarter-end, the combined number of registered users across Futu's platforms, Futubull and moomoo, reached 27.12 million, and the number of brokerage accounts grew to 5.24 million, representing YoY increases of 17% and 30%, respectively. The number of funded accounts rose to 2.88 million, up 41% YoY. The total client assets achieved HK$974 billion (US$124 billion), marking a YoY growth of 68%.

Hong Kong ("HK") market saw robust growth in Q2 as client net inflows remained strong and average client assets rose by double digits quarter-over-quarter ("QoQ"). Overseas markets also delivered strong growth momentum, with client assets rising by double digits QoQ across the board. Singapore marked a key milestone this quarter; the user base expanded, and now one in every two residents uses moomoo*. Benefiting from favorable financial market conditions, Futu's quarterly trading volume surged 121% YoY to HK$3.6 trillion, hitting a new all-time high.

"In the second quarter, we achieved a significant milestone in our internationalization journey, which is, as of quarter end, over 50% of Futu's funded accounts are from clients of overseas markets," said Mr. Leaf Hua Li, Futu's Founder, Chairman, CEO & Chairman of the Technology Committee, "Over the years, we've invested in building a more powerful financial ecosystem and now we've successfully integrated virtual assets into our platform, reshaping the investment landscape in the digital age, and we leveraged AI to enhance user experience. Our localization strategy - tailored to the unique needs of each market - has earned strong recognition from local users, driving growth across all regions. These well-executed initiatives not only drove remarkable performance in Q2 but also validated our long-term strategy to reshape financial services through technology. Looking ahead, we will continue strengthening our platform capabilities to help investors seize opportunities. We're confident that Futu is well-positioned to unlock further growth in the evolving digital finance era."

Integrating Cryptocurrency Into Futu's Strategy to Shape the Future of Investing

In Q2, Futu extended its cryptocurrency ("crypto") trading services to the US, following its earlier rollout in HK and Singapore. By quarter-end, crypto assets on its platforms had increased by 43% QoQ. Going beyond trading services, Futu is strategically building a comprehensive, long-term virtual assets ecosystem. Leveraging its Virtual Asset Trading Platform (VATP) license approved by SFC in January, Futu will establish an end-to-end infrastructure for virtual asset services that includes custody, matching, trading, and more.

During the quarter, Futu enhanced its crypto capabilities by introducing deposit and withdrawal services in HK, seamlessly bridging crypto and traditional finance markets. Futu also partnered with ChinaAMC (HK) to launch a suite of tokenized money market funds in July, exploring "on-chain" and "off-chain" dual-track mechanisms for tokenized fund offerings.

With the global advancement of Web3.0 and ongoing innovations in digital finance, Futu, backed by its large and growing user base, is uniquely positioned to drive the convergence of virtual and physical assets. The Company is committed to playing a pivotal role in shaping the next generation of investing through Web3.0.

Platform Capabilities Upgraded as Futu's AI Services Expanding Globally

As a leading fintech platform, Futu continued to broaden its service boundaries through technological innovation. In Q2, Moomoo AI was launched in seven overseas markets, empowering global investors to make more informed and efficient investment decisions. With this rollout, Futu has now completed the global deployment of its AI capabilities. Futubull AI, since its launch in March, had processed nearly 2 million user queries by quarter-end, seeing user adoption almost triple compared to Q1. The efforts in technology are driving tangible business outcomes: by integrating intelligent portfolio tools with personalized advisory services, Futu has delivered more efficient solutions and tailored insights to high-net-worth clients in Singapore, resulting in a 40% QoQ increase in net inflows from this segment.

Futu also enhanced its platform's capabilities by expanding the trading assets and services. Specifically, in Japan, moomoo launched US stock options trading, providing local investors with greater access to USD-denominated investment opportunities; In Malaysia, the platform introduced IPO financing and earnings calendar for Malaysian equities. To address user needs across devices, Futu extended the Options Strategy Builder to mobile and launched funds and bonds trading on desktop. Additionally, the moomoo membership program was introduced in Q2, offering differentiated services and exclusive value to global users.

Localization Strategy Deepened for Long-Term Growth

Futu continued to deepen its localization strategy. By extending the offline touchpoints in different markets, the Company has empowered local communities with a more accessible and convenient financial life. Meanwhile, Futu continued to boost its financial influence through collaborations with local organizations. In Japan, Futu partnered with Nasdaq and the Japan Exchange Group to organize the MooFest Tokyo investment summit, attracting around 3,000 local investors. In Malaysia, Futu joined forces with Bursa Malaysia to promote financial literacy, advancing the development of the local investment market. In the US, Futu teamed up with the New York Mets, leveraging the popularity of sports to strengthen community bonds and deepen its cultural integration. The moomoo brand logo was illuminated at Citi Field in New York this July, establishing it as a new city landmark and significantly elevating Futu's global brand visibility.

Amidst global financial market volatility, Futu's wealth management business maintained steady growth, with total assets under management more than doubling YoY, reaching HK$163.2 billion (US$20.8 billion). The platform maintained its market-leading position by introducing innovative offerings, notably becoming the first tech broker in HK to provide principal-protected structured products to retail investors in Q2. On the corporate services front, riding the momentum of strong HK IPO activities, Futu saw 12 IPOs on its platform attract over HK$10 billion in subscriptions during the first half of the year. Meanwhile in the US market, Bullish IPO attracted strong interest on moomoo US, with 100% moomoo subscribers securing the shares, underscoring the platform's strength in securing allocations and efficient resource consolidation. Futu's institutional clients, such as asset management companies and family offices, actively participated in HK and US stock IPO international placements, demonstrating broad trust and high recognition for Futu's enterprise service capabilities.

*Refers to moomoo users among Singapore's resident population aged 20–70, based on 2024 year-end demographic statistics from the Singapore Department of Statistics.