Plus500 Reports Half Its Revenue Now Comes From Customers Trading Over Five Years

Plus500 (LSE: PLUS) reported approximately half of its OTC revenue in 2025 came from customers who have been trading on the platform for more than five years, doubling the 24 percent share recorded three years earlier.

The disclosure appeared in the company's year-end trading update today (Monday) and marks a rare public metric for a CFD broker, an industry historically questioned over short customer lifecycles and churn.

The London-listed fintech posted revenue of roughly $792 million and EBITDA of around $348 million for the year ended December 31, both ahead of Bloomberg consensus estimates of $757.7 million and $345.8 million respectively.

Three years ago, customers trading for more than five years contributed just under a quarter of OTC revenue. By last year, that figure had climbed to 50 percent.

Customer Base Shrinks, But Quality Improves

Plus500 onboarded about 104,500 new customers during 2025, down from 118,010 the prior year. Active customers declined slightly to approximately 242,000 from 254,138 in 2024. However, the company's average user 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 cost fell by more than 10 percent year-over-year.

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The company ended the year with cash balances of roughly $800 million and no debt, after distributing about $380 million to shareholders through dividends and buybacks. Plus500 allocated $200 million to share repurchase programs during the year, bringing total shareholder returns to $365 million.

On a constant currency basis, Plus500's EBITDA for 2025 was approximately 8 percent higher than the prior year. The company maintained an EBITDA margin of around 44 percent.

Two B2B Deals in US Futures Space

Plus500 secured clearing partner status for the CME Group and FanDuel prediction market platform, which went live last month. The fintech will provide brokerage execution and clearing services for FanDuel Prediction Markets, operating as the infrastructure layer behind event-based contracts targeting US retail customers.

The arrangement with CME and FanDuel followed an October partnership with Topstep, a Chicago-based trading education and evaluation platform. Under that deal, Plus500 acts as the exclusive provider of clearing and technology infrastructure for Topstep Brokerage.

Both partnerships position Plus500 as a B2B infrastructure provider in the US futures market, an area the company has targeted for expansion. The broker is a clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term member of CME Group Exchanges and Kalshi Exchange.

Geographic Expansion Continues

Plus500 secured new regulatory licenses in the UAE and Canada during 2025 and received authorization from the Colombian Financial Superintendence to establish a representative office, marking the company's first entry into Latin America. The group now holds 16 regulatory licenses globally.

The broker previously became a clearing member of ICE Clear Europe, allowing it to offer access to European energy and carbon derivatives markets.

Plus500 plans to publish its full preliminary results for 2025 on February 9.