eToro Q2 Earnings: Net Income Jumps 77%, Acquires TradeZero for US Expansion
ETOR sits 30% above its 52-week low of $24.74 on elevated volume (2.3× avg).
Summary
eToro reported Q2 2026 results with net income up 77% to $53 million and announced the acquisition of TradeZero for up to $231 million in cash and up to 2.5 million Class A shares to accelerate US expansion. July metrics showed a steep decline in crypto trading activity.
Updated with an SEC 6-K filing · What changed
Updates
· Dow Jones Newswires — Q2 net income of $53 million missed the $55.1 million FactSet consensus, sending shares down 8.3%.
· SEC 6-K — eToro will pay up to $231 million in cash and up to 2.5 million Class A shares. TradeZero had about $80 million revenue in the last twelve months and 81% gross margins in Q2 2026.
Key Events · Earnings and Guidance · ETOR
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Updated · · SEC 6-K
TradeZero Acquisition Terms Disclosed
eToro will acquire US-based active-trader brokerage TradeZero for up to $231 million in cash and up to 2.5 million Class A shares, expected to close in 1H 2027, strengthening US presence and adding broker-dealer infrastructure. TradeZero had about $80 million revenue in the last twelve months and 81% gross margins in Q2 2026.
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Q2 Net Income Surges 77%
Net income reached $53 million, up from $30 million a year ago, on net contribution of $229 million (+9% YoY). Adjusted EBITDA rose 9% to $78 million.
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July Crypto Trading Plummets
July crypto trades fell 73% year-over-year to 1.4 million, with invested amount per trade down 50% to $182, highlighting a shift away from crypto amid market changes.
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Product Launches and US RIA License
Launched new mobile app, eToro edge for active traders, Agent Portfolios, and sub-accounts. Received US RIA license, enabling Smart Portfolios in the US.
Analysis · ETOR · Finance
A 77% surge in net income to $53 million, fueled by 9% net contribution growth from equities trading, marked a strong quarter for eToro. The concurrent TradeZero acquisition, valued at up to $231 million in cash and up to 2.5 million Class A shares, signals a deliberate push into the US active-trader market, complementing recent product launches and a newly obtained US RIA license. TradeZero had about $80 million revenue in the last twelve months and 81% gross margins in Q2 2026. However, July KPIs reveal a sharp 73% year-over-year drop in crypto trades, signaling a potential headwind as the platform's multi-asset model shifts with market cycles. The company's $1.2 billion cash position and ongoing buyback program provide a cushion, but the crypto slowdown and integration risks from multiple acquisitions warrant attention.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.5% of the 1055 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ETOR was trading at $32.12 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $24.74 to $58.82. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.