Financials · FUTU

Futu Holdings Limited (FUTU) financials

For fiscal 2025 (ended Dec 31, 2025), Futu Holdings Limited reported HK$22.85B of revenue and HK$11.34B of net income. Figures are in HKD, the currency of its SEC filings.

Revenue, FY2025
HK$22.85B
Revenue growth, YoY
+68.1%
Net income, FY2025
HK$11.34B
Net income growth, YoY
+108.3%
Net margin
49.6%
Free cash flow, FY2025
HK$40.73B
EPS, diluted, FY2025
HK$10.03
EPS growth, YoY
+106.4%
Cash
HK$10.47B
Annual revenueHK$22.85B
FY2017FY2025
Annual net incomeHK$11.34B
FY2017FY2025
Annual free cash flowHK$40.73B
FY2017FY2025

FUTU revenue and earnings growth

FUTU revenueFY2025HK$22.85B

FY YoY
+68.1%
5Y CAGR
+47.2%

FUTU revenue was HK$22.85B for fiscal 2025 (ended Dec 31, 2025), up 68.1% from fiscal 2024. Compound annual growth was +47.2% over 5 years. It rose in each of the last 8 fiscal years. Fiscal 2025 is the highest of the 9 fiscal years on file.

FUTU net incomeFY2025HK$11.34B

FY YoY
+108.3%
5Y CAGR
+53.6%

FUTU net income was HK$11.34B for fiscal 2025 (ended Dec 31, 2025), up 108.3% from fiscal 2024. Compound annual growth was +53.6% over 5 years. It rose in each of the last 7 fiscal years. Fiscal 2025 is the highest of the 9 fiscal years on file.

FUTU EPSFY2025HK$10.03

FY YoY
+106.4%
5Y CAGR
+51.4%

FUTU diluted EPS was HK$10.03 for fiscal 2025 (ended Dec 31, 2025), up 106.4% from fiscal 2024. Compound annual growth was +51.4% over 5 years.

FUTU free cash flowFY2025HK$40.73B

FY YoY
+32.1%
5Y CAGR
+14.8%

FUTU free cash flow was HK$40.73B for fiscal 2025 (ended Dec 31, 2025), up 32.1% from fiscal 2024. Compound annual growth was +14.8% over 5 years. Fiscal 2025 is the highest of the 9 fiscal years on file.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
RevenueHK$22.85BHK$13.59BHK$10.01BHK$7.61BHK$7.12BHK$3.31BHK$1.06BHK$811.34MHK$311.66M
Cost of revenueHK$2.94BHK$2.45BHK$1.54BHK$996.13MHK$1.21BHK$695.95MHK$281.70MHK$249.59MHK$109.10M
Gross profitHK$19.90BHK$11.14BHK$8.47BHK$6.62BHK$5.91BHK$2.61BHK$779.85MHK$561.75MHK$202.56M
Research and developmentHK$1.91BHK$1.49BHK$1.44BHK$1.22BHK$805.33MHK$513.28MHK$262.35MHK$151.10MHK$95.53M
Selling, general and adminHK$1.93BHK$1.62BHK$1.31BHK$931.14MHK$529.05MHK$248.40MHK$164.85MHK$103.83MHK$57.29M
Operating incomeHK$14.08BHK$6.62BHK$5.01BHK$3.57BHK$3.18BHK$1.45BHK$178.49MHK$200.80MHK$3.38M
Interest expense--HK$910.76MHK$292.50MHK$376.90MHK$185.09MHK$89.24MHK$95.62MHK$19.88M
Pre-tax incomeHK$13.71BHK$6.54BHK$5.04BHK$3.36BHK$3.19BHK$1.45BHK$178.49MHK$200.80MHK$3.38M
Income taxHK$2.36BHK$998.34MHK$748.48MHK$413.96MHK$375.08MHK$124.79MHK$12.29MHK$62.29MHK$11.48M
Net incomeHK$11.34BHK$5.44BHK$4.28BHK$2.93BHK$2.81BHK$1.33BHK$165.66MHK$138.51M-HK$8.10M
EPS, basicHK$10.17HK$4.93HK$3.88HK$2.57HK$2.34HK$1.28HK$0.17HK$0.09-HK$0.14
EPS, dilutedHK$10.03HK$4.86HK$3.82HK$2.54HK$2.30HK$1.26HK$0.16HK$0.07-HK$0.14
Diluted shares1.13B1.12B1.12B1.15B1.22B1.05B917.9M511.5M403.8M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Cash and equivalentsHK$10.47BHK$11.69BHK$4.94BHK$55.72BHK$59.29BHK$43.52BHK$14.90BHK$11.99BHK$7.55B
Short-term investmentsHK$6.69BHK$2.41BHK$3.11BHK$675.06MHK$1.17B----
Current assetsHK$223.65BHK$155.89BHK$95.43BHK$93.06BHK$100.70BHK$70.84B---
GoodwillHK$110.20M--------
Total assetsHK$228.44BHK$158.76BHK$97.14BHK$94.50BHK$101.54BHK$71.34BHK$21.40BHK$16.06B-
Current liabilitiesHK$187.70BHK$130.61BHK$72.43BHK$73.53BHK$80.38BHK$62.86B---
Total liabilitiesHK$188.12BHK$130.75BHK$72.56BHK$73.64BHK$80.55BHK$63.03BHK$18.85BHK$14.96B-
Shareholders' equityHK$40.00BHK$28.01BHK$24.57BHK$20.86BHK$20.99BHK$8.31BHK$2.55B-HK$150.19M-HK$232.90M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Operating cash flowHK$40.79BHK$31.00B-HK$6.34BHK$3.47BHK$6.01BHK$20.46BHK$1.97BHK$4.47BHK$1.86B
Capital expendituresHK$54.73MHK$167.52MHK$77.76MHK$90.52MHK$70.46MHK$44.65MHK$118.34MHK$18.79MHK$7.41M
Free cash flowHK$40.73BHK$30.83B-HK$6.42BHK$3.38BHK$5.94BHK$20.41BHK$1.85BHK$4.45BHK$1.85B
Investing cash flow-HK$1.78BHK$103.93M-HK$2.44BHK$93.86M-HK$963.57M-HK$244.18M-HK$160.06M-HK$78.05M-HK$5.14M
Financing cash flowHK$4.30BHK$70.85MHK$2.31B-HK$7.01BHK$10.55BHK$8.41BHK$1.15BHK$35.69MHK$2.16B
Dividends paidHK$2.15B--------
Share repurchases--HK$874.69MHK$3.15BHK$1.18B----
Depreciation and amortizationHK$72.31MHK$69.92MHK$60.85MHK$54.71MHK$36.44MHK$27.23MHK$16.55MHK$8.33MHK$4.30M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Revenue growth, YoY68.1%35.8%31.4%7.0%114.9%211.9%30.8%160.3%-
Net income growth, YoY108.3%27.1%46.3%4.2%112.0%700.1%19.6%--
EPS growth, YoY106.4%27.2%50.4%10.4%82.5%687.5%---
Gross margin87.1%82.0%84.7%86.9%83.0%79.0%73.5%69.2%65.0%
Operating margin61.6%48.7%50.0%46.9%44.7%43.8%16.8%24.7%1.1%
Net margin49.6%40.1%42.8%38.4%39.5%40.0%15.6%17.1%-2.6%
Free cash flow margin178.3%226.8%-64.1%44.4%83.5%616.5%174.4%548.6%592.9%
Return on equity28.3%19.4%17.4%14.0%13.4%16.0%6.5%--
Return on assets5.0%3.4%4.4%3.1%2.8%1.9%0.8%0.9%-
Current ratio1.191.191.321.271.251.13---

Source: XBRL data Futu Holdings Limited files with the SEC, latest filing dated Apr 15, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

FUTU peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FUTUHK$22.85B+68.1%HK$11.34B49.6%$14.15B
MS$80.16B+16.2%$20.45B25.5%$292.45B
GS$69.70B+18.7%$22.17B31.8%$261.38B
BLK$28.54B+24.7%$6.91B24.2%$187.58B
SCHW$27.06B+18.1%$10.64B39.3%$160.36B
CME$6.97B+9.0%$4.43B63.5%$109.00B
ICE$14.05B+12.1%$4.16B29.6%$97.26B
HOOD$5.08B+20.9%$1.98B39.0%$75.03B
NDAQ$9.15B+11.5%$2.08B22.8%$60.21B

FUTU FAQ

9 questions
  • What is FUTU revenue?
    Futu Holdings Limited (FUTU) reported HK$22.85B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 68.1% from the year before.
  • Is FUTU profitable?
    Yes. Futu Holdings Limited earned HK$11.34B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 49.6%.
  • How much cash and debt does FUTU have?
    Futu Holdings Limited reported HK$10.47B in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is FUTU revenue growing?
    Futu Holdings Limited's revenue changed +68.1% in fiscal 2025, to HK$22.85B. Its compound annual growth rate was +47.2% over 5 years.
  • What is FUTU gross margin?
    Futu Holdings Limited's gross profit was HK$19.90B on HK$22.85B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 87.1%.
  • What is FUTU free cash flow?
    Futu Holdings Limited generated HK$40.73B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of HK$40.79B less capital expenditures.
  • What is FUTU earnings per share?
    Diluted earnings per share were HK$10.03 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did FUTU last report financial results?
    The latest statements here come from Futu Holdings Limited's 20-F filed on Apr 15, 2026, covering the period ended Dec 31, 2025.
  • Where does this FUTU financial data come from?
    Quantisnow builds these statements from the structured XBRL data Futu Holdings Limited files with the SEC. It is provided for information only and is not investment advice.