Futu Holdings Reports Strong Q3 2025 Revenue and Profit Growth

Futu Holdings Limited (FUTU.US) announced robust unaudited financial results for the third quarter ended September 30, 2025. The company reported total revenues of HK$6,402.9 million (US$822.9 million), marking an 86.3% year-over-year increase. Non-GAAP adjusted net income surged by 136.9% year-over-year to HK$3,312.5 million (US$425.7 million), significantly exceeding the analyst EPS estimate of US$2.63 with a reported US$2.98.

This strong financial performance was also reflected in its basic net income per ADS, which rose to HK$23.20 (US$2.98), compared with HK$9.57 in the prior year's quarter. The company's revenue of US$822.9 million surpassed the analyst estimate of US$712.78 million, demonstrating better-than-expected top-line growth for the quarter.

Key Business Drivers

Futu's operational highlights showcased substantial growth across key metrics, with total client assets increasing 78.9% year-over-year to HK$1.24 trillion. Total funded accounts grew 42.6% year-over-year to 3,131,450, driven by strong client acquisition in markets like Hong Kong, Malaysia, and the U.S.

Total trading volume saw a significant increase of 104.8% year-over-year, reaching HK$3.90 trillion, with U.S. and Hong Kong stocks contributing substantially. The wealth management asset balance expanded to HK$175.6 billion, indicating solid growth in its wealth management services.

Management Outlook and Strategic Initiatives

Mr. Leaf Hua Li, Futu’s Chairman and CEO, highlighted the company's successful execution in a quarter marked by strong equity market performance and a robust IPO pipeline, particularly in Hong Kong. He noted the benefits from the new IPO FINI regime in Hong Kong and sustained growth in Malaysia due to product localization efforts, including Bursa derivatives, SGX futures, and AI tools supporting the Malay language.

The company also saw broad-based strength in its U.S. business, with high double-digit sequential growth in new funded accounts and an increase in option traders. Furthermore, crypto trading volume soared 161% quarter-over-quarter, driven by increased crypto assets and trading velocity, with Ethereum overtaking Bitcoin as the most traded coin.

Share Repurchase Program

In a strategic move to enhance shareholder value, Futu's board of directors authorized a new share repurchase program. This program allows the company to repurchase up to US$800 million worth of its American Depositary Shares (ADSs) over a 24-month period, extending until December 31, 2027.

The company plans to fund these repurchases from its existing cash balance, demonstrating confidence in its financial position and future prospects. This initiative follows the expiration of a previous repurchase program and underscores management's commitment to returning capital to shareholders.