Futu Holdings (FUTU) Q1 2026 Earnings
How Did FUTU Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: −1.04%.
Did FUTU Beat Earnings? Q1 2026 Results
No. Futu Holdings reported Q1 2026 earnings of $0.77 a share on May 28, 2026, missing the $26.35 consensus estimate by 97.1%. Revenue was $746.9M against a $6.0B estimate.
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.
- 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
“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.”
Futu Holdings CEO, on the earnings call
What Was Futu Holdings's Outlook in Q1 2026?
Management reaffirmed its full-year 2026 guidance of 800 thousand net new funded accounts, expressing confidence in achieving this target despite market volatility. The company continues to focus on long-term growth across international markets and stated that the CSRC penalty does not impact business fundamentals or financial stability.
FUTU YoY Financials
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $746.9M | $5.3B | −85.9% |
| Gross Profit | $651.4M | $4.6B | −86.0% |
| Operating Income | $450.3M | $3.3B | −86.5% |
| Net Income | $106.0M | $2.6B | −95.9% |
FUTU Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.