Futu Holdings Limited (NASDAQ:FUTU) shares climbed sharply in premarket trading on Thursday after the online brokerage delivered stronger-than-expected second-quarter results, supported by record trading activity and substantial growth in client assets.
The stock gained 6.84% before the opening bell as both revenue and adjusted earnings exceeded Wall Street forecasts.
Futu reported adjusted earnings of HK$26.08 (US$3.33) per ADS, ahead of the analyst consensus of HK$25.85. Revenue reached HK$7.20 billion (US$918.2 million), comfortably surpassing expectations of HK$5.91 billion.
Compared with the second quarter of 2025, revenue increased 35.6% from HK$5.31 billion.
Trading activity and interest income drive revenue higher
The stronger performance reflected increased brokerage commissions and interest income, alongside higher contributions from services including foreign exchange and IPO financing.
Brokerage commission and handling charge income rose 30.3% year on year to HK$3.36 billion, while interest income advanced 36.5% to HK$3.12 billion.
Trading activity accelerated significantly during the period, helping the company achieve record volumes.
“Total trading volume reached a record HK$6.42 trillion, up 78.8% year-over-year and 54.6% quarter-over-quarter, supported by a meaningful acceleration in U.S. stock trading activity,” said Leaf Hua Li, Chairman and Chief Executive Officer.
Net income climbs more than 40%
Futu’s profitability also strengthened considerably as higher trading activity and an expanding asset base translated into earnings growth.
Net income increased 41.6% year on year to HK$3.64 billion (US$464.4 million), while adjusted net income climbed 40.1% to HK$3.73 billion (US$475.0 million).
The combination of double-digit revenue growth and faster profit expansion highlighted the operating leverage generated by higher activity across Futu’s brokerage platform.
Funded accounts and client assets continue to expand
Customer growth remained another important contributor to the quarter. Futu added 252,000 net new funded accounts, taking the total number to 3.84 million, an increase of 33.6% from a year earlier.
Total client assets surged 43.6% year on year to HK$1.40 trillion.
Meanwhile, the balance of margin financing and securities lending climbed 85.1% to HK$95.1 billion, reflecting increased customer activity and demand for financing across the platform.
These figures accompanied the record HK$6.42 trillion in total trading volume and reinforced the scale of the expansion in Futu’s brokerage operations.
Futu continues share repurchase programme
The company has also continued returning capital to shareholders through its existing buyback programme.
As of June 30, 2026, Futu had repurchased approximately 3.8 million ADSs for a total consideration of US$418 million.
Thursday’s positive share-price reaction reflects a combination of stronger-than-expected revenue and earnings, record trading volumes, rapid client asset growth and continued expansion in funded accounts.
With U.S. equity trading activity providing a particularly strong contribution during the quarter, investors will now be watching whether Futu can maintain those elevated engagement levels and continue converting its growing customer base into higher revenue and earnings.