Futu Announces Q1 2025 Results: Global Growth Accelerated, With Net Income Increasing by 98% YoY

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 first quarter ended March 31, 2025.

This quarter, Futu reported total revenues of HK$4.69 billion (US$603.4 million), representing a year-over-year ("YoY") increase of 81.1%; its non-GAAP net income reached HK$2.22 billion (US$285 million), up 97.7% YoY. In terms of different businesses, brokerage commission and handling charge income totaled HK$2.31 billion (US$296.9 million), up 113.5% YoY; interest income rose by 52.9% YoY to HK$2.07 billion (US$266.1 million); other income (including income from wealth management, corporate services, etc.) amounted to HK$313.9 million (US$40.3 million), growing 101% YoY.

As of quarter-end, the combined number of registered users across Futu's platforms, Futubull and moomoo, reached 26.25 million, and the number of brokerage accounts grew to 4.96 million, representing YoY increases of 17% and 30%, respectively. The number of funded accounts rose to 2.67 million, up 42% YoY. The client assets on the platform achieved HK$830 billion (US$107 billion), marking a YoY growth of 60%.

Hong Kong, a market already highly penetrated with 1 in every 2 adults using Futu*, continued to serve as Futu's strategic stronghold, delivering steady growth in both client addition and assets in Q1. Daily active users on the Futubull app rose nearly 20% quarter-over-quarter ("QoQ"). Overseas markets demonstrated strong client acquisition momentum, driving double-digit QoQ growth in client assets across multiple markets. Futu recently announced its official launch in New Zealand, underscoring its success in executing the global expansion strategy and demonstrating its long-term commitment to international growth.

Mr. Leaf Hua Li, Futu's Founder, Chairman, CEO & Chairman of the Technology Committee, said: "We started the year off strong, seeing continued growth across all markets. As the No.1 tech brokerage in Hong Kong, we pioneered the use of AI to enhance investment efficiency and improve the client value. Internationally, we remain committed to deepening our presence in established markets while actively exploring new territories, bringing Futu's premium and efficient trading services to a broader global audience. In this dynamic market environment, we are confident that our technological advancements, product innovation, and brand value will serve as a robust moat, bringing Futu to the next level with long-term, sustainable growth."

* Hong Kong's adult population is based on statistics released by the Hong Kong government's Census and Statistics Department in 2024.

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