Futu Announces Q3 2025 Results: Strong Growth Sustained, With Net Income Up 137% YoY

(Hong Kong, November 18, 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 third quarter that ended September 30, 2025.

This quarter, Futu reported total revenues of HK$6.40 billion (US$822.9 million), representing a year-over-year ("YoY") increase of 86.3%. Its non-GAAP net income reached HK$3.31 billion (US$425.7 million), up 136.9% YoY. By business segment, brokerage commission and handling charge income totaled HK$2.91 billion (US$374.5 million), up 90.6% YoY; interest income rose 79.2% YoY to HK$3.05 billion (US$391.3 million); and other income (including income from wealth management, corporate services, etc.) amounted to HK$444.1 million (US$57.1 million), growing 113.0% YoY.

By end of quarter, the combined number of registered users across Futu's platforms, Futubull and Moomoo, reached 28.16 million, while the number of brokerage accounts grew to 5.61 million, representing YoY increases of 17% and 31%, respectively. The number of funded accounts rose to 3.13 million, up 43% YoY. The Company's total client assets surpassed HK$1 trillion for the first time, reaching HK$1.24 trillion (US$159.5 billion), an increase of 79% YoY. Benefiting from favorable market conditions in Q3, total trading volume across Futu's platforms also hit a record high of HK$3.9 trillion, up 105% YoY.

"Futu delivered another strong quarter in our global expansion, adding over 250,000 funded accounts in Q3. This achievement reflects not only the trust and confidence our users placed in us, but also the market's recognition of Futu's competitive strengths and value," said Mr. Leaf Hua Li, Futu's Founder, Chairman, CEO & Chairman of the Technology Committee, "We believe that sustainable growth comes from a deep understanding of our users - listening attentively to their needs and responding with dedication. Building on this belief, we will further strengthen our global presence, grow our platform ecosystem, and advance our technological capabilities. Our goal is to empower global investors to seize market opportunities, accompany them every step of the way, and shape the future of finance together."

Entering the Next Chapter of Its Global Growth

In Q3, Futu maintained strong growth momentum across all eight markets in which it operates. In Hong Kong, client assets rose 32% quarter-over-quarter ("QoQ") and doubled YoY, reinforcing Futu's leadership as the No. 1 tech broker in the market. In the US, high-quality growth continued, with the quarterly trader number hitting a new high — reflecting growing trust and engagement among local investors. In Singapore, strong net inflows from high-net-worth clients continued, fueling a 50% QoQ increase in assets under management for this segment, underscoring Futu's appeal to affluent investors and its rising influence in private wealth management. The Malaysian market maintained steady momentum, with user and funded account numbers continuing to rise rapidly after surpassing the one-million-user milestone. Australia and New Zealand achieved a significant market breakthrough driven by the Company's localized strategy, with the Moomoo app ranking as Australia's No. 1 downloaded trading app by quarter-end*. Japan's client assets increased notably, with US stock holdings up more than 50% QoQ, solidifying Moomoo's position as the country's "No. 1 US Stock Investment Platform". The Canadian market also achieved a record number of new funded accounts added in a single quarter. Meanwhile, Moomoo became the first local brokerage to introduce AI-powered services in Canada, further strengthening its brand appeal among tech-savvy investors.

From a single market to the global stage, and from serving Chinese investors to earning the trust of users worldwide, Futu continues to advance its globalization strategy with steady progress. The company's solid performance across all markets in Q3 highlights the strength and resilience of its international financial services network, laying a strong foundation for the next phase of global growth.

Building A More Powerful Platform With Cross-Markets and Cross-Assets Product Strategies

Amid rapid changes in the current market environment, Futu continues to enhance the trading experience and strengthen its cross-market, cross-asset one-stop investment ecosystem by leveraging keen insight into user needs. During the quarter, Futu further expanded its access to US investment offerings and streamlined its trading process. Thanks to favorable market conditions, these improvements effectively stimulated client trading activity, driving the US stock trading volume on the platform to HK$2.6 trillion. Other traditional asset classes also delivered strong performance. The trading volume of Hong Kong equities surged 243% YoY to HK$1.2 trillion, and that of A-shares via stock connect, was four times higher QoQ. Singaporean stocks, Australian stocks, and Malaysian stocks also achieved broad-based growth. In the virtual asset segment, Futu launched Solana retail trading services in Hong Kong in August. Thanks to its early deployment of crypto assets, Futu's crypto business saw explosive growth this quarter with asset size nearly doubling QoQ, and trading volume and number of traders rising 161% and 87%, respectively. Even as the crypto market experienced a correction in October, Futu's focus on mainstream tokens and its robust, compliant trading framework positioned the platform as a "safe haven" amid volatility, attracting a large number of investors to enter the market at lows and actively deploy the crypto positions.

Futu's corporate services also expanded alongside the rebound in the IPO market. In Q3, nearly half of Hong Kong listings partnered with Futu, underscoring broad market recognition of the company's professional capabilities in the capital market. Futu's vast and highly active user base also provided strong support for corporate clients, highlighted by 12 IPOs on the Futubull platform in Q3, each attracting over HK$100 billion in subscriptions. Futu's US IPO services also led the industry, with several high-profile deals — including Bullish, Figure, and Gemini — allocating shares to 100% of its subscribers. These successes not only expanded access and encouraged greater retail participation in US IPOs but also further solidified Futu's position as a vital bridge connecting enterprises and retail investors. Demand for ESOP services, including system support, solution design, and related consulting, also increased rapidly. In Q3, the number of contracted clients increased by 46% QoQ, with the total number of served clients exceeding 800.

The wealth management business maintained steady momentum, becoming Futu's "second growth curve." In Q3, the Company expanded its product suite with several key initiatives: collaborating with Fullerton in Singapore to introduce the bi-weekly open-ended flexible credit income fund, and becoming China AMC(HK)'s exclusive tech broker partner to distribute tokenized money market funds in Hong Kong. In a rate-cutting environment, Moomoo's Income Plus and flexible asset allocation products have helped investors manage liquidity, hedge against inflation, and preserve capital. Additionally, an expanding array of structured products has created enhanced income opportunities for investors. By quarter-end, Futu's wealth management assets had surged by 80% YoY, reaching HK$175.6 billion.

Expanded AI and Upgraded Services: Making Investing Easier and Not Alone

Futu's commitment to innovation is always guided and measured by tangible value that users can experience. By the end of Q3, Futu's AI chatbot had managed 4.25 million queries, with Futubull AI seeing a remarkable fourfold surge in user penetration since its inception, and Moomoo AI maintaining a positive feedback rate at 90%. This quarter, Futu upgraded its platform capabilities by launching new AI-powered tools, such as an AI stock screener and AI analysis for portfolios and watchlists, providing smarter support at every stage of the user's investment journey.

In Q3, the Company strengthened its O2O synergy by integrating digital platforms with personalized offline experiences, delivering a more connected and engaging investing journey. The vibrancy of the Company's investor community continued to grow, highlighted by the success of MooFest events in Singapore in July and Malaysia in October, which drew 28,000 investors to sign up altogether. The event further reinforced the platform's role in connecting investors and advancing financial education.

Driven by outstanding services and innovation, the Futu platforms have maintained the No.1 ranking in accumulated downloads and daily active users in Hong Kong, Singapore, and Malaysia.* Furthermore, Moomoo boasts the highest user ratings in the US, Canada, Singapore, Malaysia, and Australia, according to TradingView**. These user accolades are complemented by prestigious industry recognition in Q3: Moomoo Singapore was honored as "WealthTech of the Year" and "Best Brokerage for Beginner Investors", and Moomoo Australia received the "Best Australian Equities Trading Platform".

Building on these achievements, Futu will continue to deepen the integration of globalization and localization, leveraging its advanced technology to deliver comprehensive, tailored financial services to investors worldwide.

*Source: data.ai; AU data calculated from January 1 to September 90, 2025

**Source: TradingView, based on the ranking list of October