Futu Holdings (FUTU.US) saw a significant 86.8% YoY increase in Q4 revenue, with a massive 105.4% growth in net profit.

Futu Holdings (FUTU.US) has released its unaudited financial results for the fourth quarter and full year of 2024. The data indicates that Futu's total revenue in Q4 was HK$4.433 billion (~$571 million), up 86.8% YoY; and its non-GAAP net profit was HK$1.952 billion (~$251 million), up 105.4% YoY. By business segment, the trading commission and service fees in Q4 were HK$2.057 billion (~$265 million), up 127.6% YoY; interest income was HK$2.022 billion (~$260 million), up 51.8% YoY; other income (including wealth management, enterprise services, etc.) was HK$353 million (~$45.4 million), up 157% YoY. In 2024, Futu's total revenue was HK$13.59 billion (~$1.75 billion), up 35.8% YoY; and its non-GAAP net profit was HK$5.768 billion (~$743 million), up 26.2% YoY. As of the end of the year, the registered users of Futu's Futu and Moomoo applications reached 25.15 million, up 16% YoY; the number of opened accounts reached 4.58 million, up 29% YoY; the total number of customers with assets increased to 2.41 million, up 41% YoY; and the customer assets reached HK$743.3 billion (~$95.7 billion), up 53% YoY. Benefiting from the strong market sentiment in Q4, Futu's global trading volume reached a new high in the quarter, at HK$290 billion. Among them, the trading volume of Hong Kong stocks exceeded HK$750 billion, a new high in the past three years; the trading volume of US stocks exceeded HK$200 billion, a record high in a single quarter; and the wealth management asset scale exceeded HK$110.8 billion. After the announcement of the results, the stock rose more than 4% before the market opened on Thursday.