Futu’s Q1 Revenue Receives Massive Boost as Trading Volume Skyrockets

US-listed Futu (Nasdaq: FUTU), which operates an online brokerage platform, closed the first quarter of 2025 with an 81.1 per cent year-on-year increase in revenue to US$603.4 million. Its gross profit also jumped 85.9 per cent to US$507.2 million, while net income rose 107 per cent to US$275.4 million.

A Solid Push in Trading Demand

The company's financials strengthened over the past year, fuelled by improved operational metrics.

As highlighted in the announcement today (Thursday), the total trading volume on the platform during the three-month period increased by 140.1 per cent year-on-year to HK$3.22 trillion. Of this, HK$2.25 trillion was traded in US stocks, and HK$916 billion in Hong Kong-listed stocks.

The total number of funded accounts on Futu also rose by 41.6 per cent between January and March. The platform now has over 2.67 million funded accounts. The number of brokerage accounts increased by 30 per cent to more than 4.95 million.

“Hong Kong remained the top contributor to new funded accounts, as our marketing initiatives effectively leveraged the Hong Kong market rally and IPO boom,” said Leaf Hua Li, Futu’s Chairman and CEO.

“Malaysia posted the fastest sequential growth in new funded accounts among all seven markets,” he added. “After a year of rapid market share gains in Malaysia, we believe there is ample room for further growth and will continue to invest in our product and our brand.”

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Strategising Growth in Multiple Markets

He further noted that there was strong growth in new funded accounts in Japan, and that momentum in the US had accelerated as the company “enhanced offerings for active traders” and ran “high-profile advertising campaigns” to boost brand visibility.

The total number of users on Futu increased by 16.8 per cent year-on-year to 26.3 million.

Total client assets held by the company rose 60.2 per cent to HK$829.8 billion, while daily average client assets increased 64.7 per cent to HK$790.4 billion.

“We continued to drive product innovation, offering retail investors advanced tools and a seamless investment experience,” Li added. “In Hong Kong, we launched Futubull AI, our in-house AI-powered investment assistant, and introduced a new desktop version with more intuitive tools and improved features. In Japan, we enhanced our US stock offerings by rolling out fractional share trading in Q1, followed by the launch of US options trading in April.”