Futu Holdings Reports 81.1% Revenue Surge, 97.7% Net Profit Growth in Q1 2025

Futu Holdings, a leading online brokerage firm, has reported a remarkable financial performance for the first quarter of 2025. The company's total revenue for the quarter reached 46.95 billion Hong Kong dollars, approximately 6.03 billion U.S. dollars, marking an 81.1% year-over-year increase. Under the Non-GAAP accounting framework, Futu's net profit for the quarter stood at 22.17 billion Hong Kong dollars, roughly 2.85 billion U.S. dollars, reflecting a 97.7% year-over-year growth.

This impressive financial performance can be attributed to several key factors. The company's revenue from transaction commissions and fees reached 23.1 billion Hong Kong dollars, approximately 2.97 billion U.S. dollars, showing a 113.5% year-over-year increase. Interest income also saw a significant rise, reaching 20.71 billion Hong Kong dollars, approximately 2.66 billion U.S. dollars, with a 52.9% year-over-year growth. Additionally, other income, which includes wealth management and corporate services, amounted to 3.14 billion Hong Kong dollars, approximately 403 million U.S. dollars, marking a 101% year-over-year increase.

Futu's user base and asset management capabilities have also shown substantial growth. By the end of the first quarter, the total number of registered users on Futu's platforms, including Futu NiuNiu and moomoo, reached 26.25 million, with 4.96 million active accounts. This represents a 17% and 30% year-over-year increase, respectively. The number of clients with assets under management grew to 2.67 million, a 42% year-over-year increase. The total client assets on the platform reached 8,298 billion Hong Kong dollars, approximately 1,067 billion U.S. dollars, reflecting a 60% year-over-year growth.

Futu's strategic focus on key markets has also contributed to its success. The company's strong presence in Hong Kong, where it has captured over 50% of the local adult population as users, continues to drive growth. The region saw a stable increase in both customer numbers and asset size, with the daily active users of Futu NiuNiu increasing by nearly 20% compared to the previous quarter. Futu's expansion into international markets has also been robust, with significant growth in client assets across multiple regions. The recent announcement of Futu's entry into the New Zealand market further underscores the company's commitment to international expansion and its long-term strategic vision.

Futu's financial performance in the first quarter of 2025 highlights the company's operational efficiency and strategic initiatives. The significant growth in revenue and net profit demonstrates Futu's ability to effectively manage costs and generate revenue. The company's focus on innovation, customer satisfaction, and strategic investments in technology and user experience positions it well for continued growth and profitability in the coming quarters. As Futu continues to expand its services and user base, it is poised to capitalize on emerging opportunities in the financial services industry, solidifying its position as a leader in the online brokerage sector.