Plus500 Declares $182.5 Million Payout, Larger Than Its First-Half Profit

Plus500 declared $182.5 million in dividends and share buybacks today (Monday), more than the $151.9 million it earned in the first half. The London-listed broker's interim accounts showed net profit up 2% from a year earlier.

The return splits into $100 million of buyback programs and $82.5 million of dividends, worth $1.2001 per share. The shares go ex-dividend on August 20 and the cash reaches holders on November 11.

Shareholder returns announced in 2026 now come to $370 million, after the $187.5 million package that arrived with the 2025 results in February. Plus500 ended June with $861.3 million in cash and no debt.

Only $70.6 million of Monday's total matches the policy minimum. That floor is half of net profit calculated at a 23% tax rate. The other $111.9 million is special dividends and special buybacks, paid out of the cash pile.

Where the Cost Growth Landed

Operating expenses rose 20% year over year to $278.5 million while revenue rose 12% to $462.9 million. That gap left EBITDA at $187.5 million, up 1%, and cut the margin to 41% from 45%, a fall of 4 percentage points. The figures are unaudited.

Plus500 put the outcome down to "the Group's deliberate step-up in customer acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term investment," the scaling of costs tied to US revenue, and the Israeli shekel. It flagged the revenue and EBITDA numbers in a July trading update, without the cost detail published on Monday.

Marketing technology spending reached $80.9 million from $69.5 million, about $16 million of it an extra push to buy customers, Plus500 said. Commissions and fees, which move with US trading volumes, rose 34% to $44.6 million.

Employee costs rose 27% to $94.4 million. Plus500 attributed that to the shekel strengthening roughly 20% against the dollar.

Share-based pay across both expense lines came to $42.9 million, from $31.3 million, in a year that opened with £20.5 million (about $27 million) of deferred bonus shares for executives. Interest income fell to $21.1 million from $29.6 million as rates came down.

Buybacks Do the Work on Earnings per Share

Basic earnings per share reached $2.17 from $2.05 a year earlier, a 6% gain against profit growth of 2%. The gap is the share count. The weighted average fell 4% to 69.9 million.

Plus500 held 45,527,921 shares in treasury at June 30, about 40% of its issued share capital. It bought 1.09 million shares in the half for $63.8 million, at an average of £43.55, against 2.69 million at £29.19 a year earlier.

Rivals Report a Different Shape

XTB lifted first-half revenue 79.7% and net profit 150.5%, with commodity CFDs supplying about three-quarters of its gross result on financial instruments.

IG Group runs the same capital-return playbook as Plus500 and started a £125 million (about $167 million) buyback in March, its fourth in under two years, while guiding revenue growth toward the top of its range.

US Unit Scales as India Deal Closes

The non-OTC business, covering futures, prediction markets and share dealing, grew about 30% year over year and now makes up roughly 15% of group revenue, or about $70 million. Plus500 said it is on track for annualized revenue of about $140 million there in 2026.

"Collectively, H1 2026 marked a genuine step-change for our US business," Chief Executive David Zruia said in the statement. The unit added single stock futures after the period ended.

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Plus500 does not report the US operation as a segment. It gave no revenue figure for prediction markets, which it extended into sports contracts in June, and did not disclose the methodology behind the $140 million estimate.

Plus500 closed its purchase of Mehta Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term in India in February, booking $19.0 million of goodwill and other intangibles on $21.8 million of net assets.

On Monday it also announced a tie-up with Brazil's Nelogica, supplying clearing and execution to Nelogica's broker clients. That came 12 days after the Wealthsimple deal in Canada.

The board expects full-year revenue and EBITDA in line with market consensus of $811.5 million and $365.1 million, compiled from Bloomberg forecasts. Plus500 had raised its outlook alongside the first-quarter figures.

Those numbers leave about $348.6 million of revenue for the second half, roughly 8% below the $377.3 million Plus500 booked in the second half of 2025.