Q2 21 EPS
$N/A
Est. $4.64
Q2 21 Revenue
N/A
vs S&P Since Q2 21
-57.4%
TRAILING MARKET
FUTU +8.0% vs S&P +65.4%
Market Reaction
Did FUTU Beat Earnings? Q2 2021 Results
Futu Holdings delivered a deeply disappointing Q1 2026 report, with earnings of $0.77 per share missing the $28.58 consensus estimate by 97.31% and revenue of $746.94 million falling 88.03% short of the $6.24 billion Wall Street had projected, sendin… Read more Futu Holdings delivered a deeply disappointing Q1 2026 report, with earnings of $0.77 per share missing the $28.58 consensus estimate by 97.31% and revenue of $746.94 million falling 88.03% short of the $6.24 billion Wall Street had projected, sending shares tumbling nearly 28% as investors digested the news. The culprit was a proposed regulatory penalty from China's Securities Regulatory Commission totaling approximately $1.85 billion, covering confiscated gains and fines for allegedly conducting regulated business without proper licenses, a charge that swung the "Others, net" line to negative $2.13 billion and dragged GAAP net income down 61.2% year-over-year. Beneath that regulatory overhang, operating fundamentals were notably firm, with funded accounts climbing 34.3% to 3.59 million and total client assets reaching $1.22 trillion. Management reaffirmed its full-year guidance of 800 thousand net new funded accounts, insisting the penalty does not impair business fundamentals, though the proposed charges remain subject to further proceedings and the company retains the right to contest them.
Key Takeaways
- • Record total trading volume of HK$4.15 trillion, up 29.1% YoY driven by rotation toward Hong Kong equities
- • Strong net new funded account additions of 225 thousand in Q1
- • Net asset inflow acceleration driven by high-quality client base in Hong Kong and Singapore
- • Margin financing and securities lending balance rose 7.7% QoQ to HK$72.9 billion
- • Gross margin expanded to 87.2% from 84.0% YoY due to operating leverage and flat total costs
- • Higher currency exchange income, IPO financing service income and fund distribution service income driving Other Income growth
FUTU YoY Financials
Q2 2021 vs Q2 2020, source: SEC Filings
FUTU Revenue by Segment
With YoY comparisons, source: SEC Filings
“In the first quarter, we added 225 thousand net new funded accounts, bringing total funded accounts to 3.6 million, up 34.3% year-over-year. Despite market volatility during the quarter, we continue to track toward our full-year guidance of 800 thousand net new funded accounts with confidence. Net new funded account growth was driven by broad-based strength across all markets despite market turbulence.”
— Leaf Hua Li, Q2 2021 Earnings Press Release
FUTU Earnings Trends
FUTU vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FUTU EPS Trend
Earnings per share: estimate vs actual
FUTU Revenue Trend
Quarterly revenue: estimate vs actual
FUTU Quarterly Results
9 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $26.35 | $0.77 | -97.08% | $746.9M | -87.63% |
| Q4 25 MISS FY | $23.79 | $3.07 | -87.09% | $827.2M | -86.87% |
| FY Full Year | $79.70 | $10.31 | -87.06% | $2.94B | -86.91% |
| Q3 25 MISS | $20.48 | $2.93 | -85.70% | $822.9M | -85.16% |
| Q2 25 MISS | $16.61 | $2.32 | -86.04% | $676.6M | -86.02% |
| Q1 25 MISS | $15.14 | $1.96 | -87.05% | $603.4M | -86.95% |
| Q3 24 MISS | $9.74 | $1.21 | -87.58% | $442.3M | -86.52% |
| Q4 22 BEAT FY | $0.70 | $0.87 | +24.29% | $292.3M | +23.32% |
| FY Full Year | — | $2.61 | — | $976.0M | — |
| Q2 22 | — | — | — | — | — |
| Q2 21 | $4.64 | — | — | — | — |