Futu Holdings Limited reported strong financial results for the second quarter of 2026, showcasing significant growth across key metrics despite a dynamic regulatory landscape. The company achieved a remarkable 35.6% year-over-year increase in total revenues, reaching HK$7.2 billion, primarily fueled by higher brokerage commissions and interest income. Net income also surged by 41.6% to HK$3.6 billion, reflecting expanded net income margins of 50.6%. This impressive performance was underpinned by a substantial rise in total funded accounts, which grew by 33.6% year-over-year to 3.8 million, demonstrating the company's success in diversifying its international client base. Total trading volume reached a record high of HK$6.42 trillion, an increase of 78.8% year-over-year, largely attributed to accelerated U.S. stock trading activity, especially in semiconductor and artificial intelligence equities.
Futu's strategic global expansion and product innovation played a crucial role in its strong second-quarter achievements. The company successfully acquired 252,000 net new funded accounts, with significant contributions from the Malaysian market, which led in client acquisitions for the third consecutive quarter and achieved operational breakeven for the first time. Moreover, Futu Securities became the first broker in Hong Kong to offer securities-backed margin financing for virtual assets, following an upgraded Type 1 license approval from the SFC, and obtained a Type A securities license from the Thailand Securities and Exchange Commission, paving the way for further ASEAN expansion. The moomoo platform's prediction markets in the U.S. also garnered considerable traction, generating over $200 million in event contract trade volume within its first month, indicating strong retail investor demand and cross-selling potential with core brokerage services. Despite a sequential increase in customer acquisition cost (CAC) due to regulatory adjustments, it remained within the annual guidance range, highlighting effective resource management.
The company's commitment to compliance and continuous innovation positions it for sustained growth in the evolving financial technology sector. By focusing on investor education initiatives, expanding into high-growth international markets, and investing in advanced technologies like AI and Web3, Futu is enhancing its value proposition for clients. The ability to navigate regulatory changes while maintaining high client retention rates, particularly in Hong Kong, underscores its robust operational framework and client trust. Futu's forward-looking strategies, combined with its strong financial foundation, empower it to seize new opportunities and reinforce its leadership in the global digital brokerage landscape, creating long-term value for all stakeholders.
