Futu’s Q1 Revenue Soars As Trading Volume Explodes
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Futu began the year with a strong financial performance, with revenue climbing 81.1 percent to US$603.4 million. Net income more than doubled from the previous year, reaching US$275.4 million. Gross profit rose to US$507.2 million, showing healthy gains across the business. The company stated that better trading activity and strong user growth contributed to the results.
Total trading volume on Futu’s platform jumped by 140.1 percent year-on-year, hitting HK$3.22 trillion in the first quarter. Of that, HK$2.25 trillion came from trades in US-listed stocks and HK$916 billion from Hong Kong stocks. The firm stated that the increase in activity indicates that more investors are utilizing the platform for both global and local trading.
Futu Funded Accounts Rose By 41.6% To Over 2.67 Million In The Quarter
Futu saw strong growth in the number of users with funded accounts. The firm said funded accounts rose by 41.6 percent during the quarter to over 2.67 million. Brokerage accounts also increased by 30 percent to more than 4.95 million. These numbers indicate that an increasing number of users are opting to invest in Futu’s platform.
Hong Kong brought in the highest number of newly funded accounts during the period. The company attributed this to a strong interest in initial public offerings (IPOs) and a rising local stock market. It also credited its marketing efforts in Hong Kong for helping to attract more users. The region remains a key focus for the business.
Malaysia experienced the fastest quarter-to-quarter growth in new accounts among all countries where Futu operates. The company stated that it gained market share in Malaysia over the past year and sees further room for growth. It plans to keep investing in both its product and brand to support that growth.
User numbers also grew in Japan and the United States, where Futu introduced new changes to appeal to more active traders. The company stated that it enhanced trading tools in those regions and launched advertisements to target new users. These steps helped expand its customer base in two competitive markets.
Futu’s Total User Base Grew To 26.3 Million, Up 16.8% From Last Year
Across all regions, Futu’s user base reached 26.3 million, up 16.8 percent compared to last year. The company stated that more users are seeking digital tools that provide easier access to global markets. Futu believes its platform is well-positioned to meet that demand.
Client assets also increased sharply, showing that users are not only joining the platform but also investing more. Futu said total client assets reached HK$829.8 billion, a 60.2 percent rise. Average daily client assets were even higher, up 64.7 percent to HK$790.4 billion.
To support its users, Futu continued rolling out new features. In Hong Kong, it launched Futubull AI, a tool powered by artificial intelligence to help users with research and investing. The company also released a new desktop version with a more straightforward layout and better tools.
In Japan, Futu added fractional share trading for US stocks, offering users a way to invest small amounts. The company said it later launched US options trading in April to provide more flexibility. These features are part of its broader effort to expand into global markets.
