Futu Announces Q4 & Full Year 2025 Financial Results: Annual Net Income Up 101.9% YoY as Globalization Strategy Drives Scalable Growth

(Hong Kong, March 12, 2026) — 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 fourth quarter and full year ended December 31, 2025.

In Q4, Futu's total revenues reached HK$6.44 billion (US$827.2 million), marking a year-over-year ("YoY") increase of 45.3%; its non-GAAP net income reached HK$3.46 billion (US$444.0 million), growing by 77.0% YoY. In terms of revenue segments, its brokerage commission and handling charge income amounted to HK$2.77 billion (US$355.9 million); interest income was HK$3.04 billion (US$390.3 million); other income (including income from wealth management and corporate services businesses) totaled HK$630.4 million (US$81.0 million).

For the full year of 2025, Futu's total revenues reached HK$22.85 billion (US$2.94 billion), and its non-GAAP net income reached HK$11.65 billion (US$1.50 billion), representing a YoY growth of 68.1% and 101.9%, respectively.

By the end of the year, the combined number of registered users across Futu's platforms, Futubull and Moomoo, increased to 29.18 million, and the brokerage accounts to 5.95 million. The Company's funded accounts totaled 3.37 million, reflecting a YoY growth of 40%. Client assets saw YoY growth at a five-year high of 66%, climbing to HK$1.23 trillion (US$158.41 billion). Meanwhile, annual trading volume across Futu's platforms reached HK$15 trillion, up 89% YoY.

Mr. Leaf Hua Li, Futu's Founder, Chairman, CEO & Chairman of the Technology Committee, said: "2025 represented a pivotal year for Futu, as our globalization strategy achieved comprehensive success. The breakthroughs in our full-year performance and the accelerated growth across overseas markets underscore Futu’s steady progress toward becoming a professional financial services platform with global reach and influence. As we embark on 2026, we remain steadfast in our mission to reshape finance through technology, continuing to ramp up investments in AI and product innovation while deepening our localized advantages on a global scale. We will stand firmly alongside our investors, delivering sustainable value in return for their trust as we collaborate to build a more resilient digital financial ecosystem."

Strong Performance Across Markets Signals New Phase in Futu's Globalization Journey

After years of deliberate groundwork, Futu's globalization strategy is now fueling robust, accelerating growth. In Hong Kong, Futu leveraged its established leadership to deliver continuous strong performance - recording double-digit YoY growth in funded accounts and further reinforcing its position as the preferred broker for Hong Kong investors. Overseas markets showed strong expansion momentum, with the annual net increase in funded accounts rising 27% YoY. In the US and Canada, the client assets achieved double-digit quarter-over-quarter ("QoQ") growth and triple-digit YoY increases. In Australia, Moomoo was the most downloaded trading app in 2025*, emerging as a leading force in the local fintech landscape. In Japan, expansion remained vigorous, with client assets tripling YoY; cumulative downloads for the Moomoo App surpassed two million in November*. In Malaysia, Moomoo sustained solid growth across users, clients, and asset scale, while in Singapore, Moomoo gained meaningful traction in private wealth management, with high-net-worth clients maintaining strong net asset inflow in Q4, collectively reinforcing Moomoo's industry-leading position in the SEA region.

Driven by these advancements across markets, Futu has not only deepened its global footprint but also elevated brand strength, marking a significant leap forward in its international competitiveness and influence.

Local Focus, Product Innovation and Refined Execution Drive Momentum

In Q4, Futu continues to deepen localized operations and product innovation, tailoring solutions to the investor needs of each market. In the US, it optimized options services and became the first broker to launch on-chain stock trading; in Singapore, Futu introduced CDP-linked trading for SGX-listed stocks, enabling seamless, single-platform management of local equities. To capitalize on rising virtual asset interest, Futu expanded its crypto offerings in the US and Singapore, while integrating tools such as the Fear & Greed Index, curated rankings, and real-time news, creating an efficient, all-in-one crypto investment hub that bolsters its cross-asset ecosystem. Wealth management innovations were designed to lower the minimum investment threshold for structured products in Hong Kong; first launching T+1 FTGF Franklin Ultra Short Duration Income Fund in Singapore; and broadening Cash Sweep eligibility to a broader user base in the US. All these advancements enable clients to generate returns on idle cash.

Fueled by favorable markets and strong investor demand, these product and service upgrades drove higher activities across asset classes. In Q4, the Company achieved a record trading volume of HK$3.98 trillion (US$511 billion). US stock trading volume hit approximately HK$3 trillion, up 46% YoY, while US options delivered high double-digit YoY growth in both the number of traders and transactions. Virtual asset holdings expanded steadily, with a rising number of trading clients. Wealth management AUM grew 62% YoY to HK$179.6 billion.

Enhanced AI Innovation Powers Smart Finance

In 2025, Futu expanded its AI capabilities from its initial rollout in Hong Kong to global markets, successfully building a competitive edge in smart investing by enabling full-cycle support to users throughout their investment journey. This quarter, Futu enhanced its chatbot service and stock analysis features, extending coverage to a broader range of assets. It also launched AI Algo Trading to empower advanced investors to build quantitative strategies automatically using natural language.

Notably, Futu became the strategic partner of "HKChat", Hong Kong's inaugural AI-powered civic App in December. Through this collaboration, Futu extended its leading financial AI services beyond its platform to reach all Hong Kong residents - bringing smart finance into the daily lives of ordinary citizens. The integration not only reflects official recognition of Futu's AI expertise by Hong Kong authorities, but also demonstrates the company's commitment to using fintech to empower the wider public - fulfilling both its corporate responsibility and long-term mission.

Riding the IPO Wave: Building Enterprise Trust Through Professional Excellence

In 2025, Hong Kong's IPO market staged a remarkable comeback, reclaiming the top global position in terms of IPO funds raised. Against this backdrop, Futubull leveraged its large, highly engaged user base to drive HK$3.5 trillion in Hong Kong stock IPO subscription amount in Q4 alone, securing the No.1 ranking among its peers. The total number of Hong Kong IPO subscribers on the platform grew nearly five times year-over-year, highlighting Futu's growing appeal and leadership among retail investors. Capitalizing on this momentum, Futu deepened enterprise trust through its comprehensive end-to-end services and expertise, solidifying its established position as a preferred partner for companies. In 2025, over half of Hong Kong IPO issuers partnered with Futu, affirming its dominance in underwriting and subscription services. On the US front, 100% of Moomoo subscribers secured shares in notable IPOs such as Medline and BitGo, not only demonstrating Moomoo's operational precision but also advancing the democratization of IPO access for US retail investors.

The achievements of 2025 have laid a solid foundation for Futu's global expansion. Looking ahead, Futu remains committed to its mission, "Make investing easier and not alone," while continuously enhancing the client experience worldwide and contributing to the long-term innovation and sustainable development of the global fintech ecosystem. Through these efforts, Futu aims to set new benchmarks for excellence and growth across the industry.

*Source: Sensor Tower