eToro to Acquire TradeZero for Up to $231M in Cash and Stock, Adding US Broker-Dealer
ETOR sits 30% above its 52-week low of $24.74 on elevated volume (2.3× avg).
Summary
eToro agreed to acquire TradeZero for up to $231 million in cash and stock, gaining a US broker-dealer, $80M in revenue, and a path to faster US product launches. The deal is expected to be accretive to adjusted EPS in the first year.
Key Events · M&A and Partnerships · ETOR
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Acquisition of TradeZero Announced
eToro will acquire US-focused brokerage TradeZero for up to $231 million, consisting of cash and up to 2.5 million newly issued Class A shares.
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Financial Impact and Accretion
TradeZero generated ~$80M in trailing revenue with 81% gross margins; the deal is expected to be accretive to adjusted EPS in the first year post-close.
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Strategic Rationale
Adds US broker-dealer infrastructure, active-trader community, and Canadian market access, accelerating eToro's US expansion and product innovation.
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Closing Timeline
Subject to regulatory approvals, the transaction is expected to close in the first half of 2027.
Analysis · ETOR · Finance
eToro is buying TradeZero, a US-focused brokerage, for up to $231 million — a mix of cash and up to 2.5 million newly issued shares. TradeZero brings $80 million in trailing revenue, 81% gross margins, and immediate US broker-dealer infrastructure. The deal is expected to be accretive to adjusted EPS in year one and closes in the first half of 2027. This accelerates eToro's US expansion, adding active-trader capabilities and Canadian market access. The stock component represents modest dilution (under 1% of shares outstanding) but the strategic value and accretion justify the price.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1052 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.
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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.