Futu Holdings Limited (FUTU.US) has released its financial results for the first quarter of 2026. The company reported total revenue of HK$59 billion (approximately US$7.5 billion), representing a 25% increase year-over-year. Under the non-GAAP measure, net profit was HK$9.2 billion (approximately US$1.2 billion). This non-GAAP net profit figure incorporates the impact of subsequent events, specifically the China Securities Regulatory Commission's (CSRC) proposed confiscation of illegal gains from its mainland China operations amounting to approximately RMB 4.7 billion and a proposed fine of approximately RMB 13.8 billion, totaling about RMB 18.5 billion. Excluding this impact, the non-GAAP net profit would have been HK$30.1 billion, a 35.8% increase year-over-year.
By business segment, transaction commission and handling fee income for the quarter reached HK$26.4 billion (approximately US$3.4 billion), up 14.3% year-over-year. Interest income was HK$26.5 billion (approximately US$3.4 billion), rising 28.0%. Other income, which includes wealth management and enterprise services, amounted to HK$5.6 billion (approximately US$71.98 million), surging 79.8% year-over-year.
As of the end of the quarter, the total registered user base for Futu's platforms, including Futu NiuNiu and moomoo, reached 30.17 million, with the number of funded accounts standing at 6.28 million, representing year-over-year growth of 15% and 27%, respectively. The number of clients with assets reached 3.59 million. Total client assets on the platform amounted to HK$12.2 trillion (approximately US$1.558 trillion), marking a 47% increase year-over-year. The total trading volume on the platform for the first quarter set a new historical record, reaching HK$41.5 trillion (approximately US$5.294 trillion), a 29% increase compared to the same period last year.
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