Futu Q2 Revenue Jumps 36% on Record Trading Volume
FUTU sits 43% above its 52-week low of $80.5.
Summary
Futu delivered a strong Q2 with revenue up 36% to HK$7.20 billion and net income up 42% to HK$3.65 billion, driven by record trading volume in U.S. stocks, particularly semiconductor and AI names. This follows the Q1 regulatory penalty that crushed net income, so the rebound shows the core brokerage business remains robust. The company also repurchased 3.8 million ADSs for $418 million in Q2, continuing its $800 million buyback program. No guidance was provided, but the results beat the prior quarter's depressed earnings and show strong client asset growth and margin financing activity. Watch for any further regulatory developments from the CSRC wind-down of mainland operations.
At the time of this announcement, FUTU was trading at $115.40 on NASDAQ in the Finance sector, with a market capitalization of approximately $15.2B. The 52-week trading range was $80.50 to $202.53. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.