Futu Holdings Reports Stellar Q1 2025 Earnings with Record Revenue Growth
Futu Holdings Reports Impressive Q1 2025 Earnings
Moomoo's parent company, Futu Holdings Ltd., recently released its unaudited earnings results for the first quarter of 2025, and the numbers are noteworthy. A total revenue of $603.4 million marks an 81.1% increase year-over-year, while net income climbed 97.7% reaching $285 million. This financial performance reinforces Futu's stronghold in the online brokerage and wealth management sector.
Key Financial Metrics
The discrepancies in the financial reports indicate a robust expansion and user engagement across various markets. By March 31, 2025, Futu had established a solid user base with 26.25 million registered users, which includes 4.96 million brokerage accounts and 2.67 million funded accounts. The escalating client assets surged to $107 billion, reflecting a 12% increase quarter-over-quarter and an impressive 60% year-over-year growth.
Market Expansion and User Acquisition
Futu began the year on a high note, achieving remarkable growth in key global markets. Japan, Canada, and Malaysia witnessed record numbers of new funded accounts, while both the US and Australia enjoyed double-digit growth in funded accounts. Notably, Singapore's market saw a substantial inflow of high-net-worth individuals looking for investment platforms that cater to more complex financial requirements.
In Hong Kong, where Futu's presence is already significant, client acquisition accelerated with a double-digit quarter-over-quarter increase in client assets and nearly a 20% rise in daily active users on its application. Furthermore, Futu announced its entry into New Zealand, marking a new chapter in its ongoing global expansion.
Record Trading Volumes
Trading activities surged on Futu's platforms, with a record trading volume of $413.3 billion, signaling a 11% increase from the previous quarter and a 140% rise year-over-year. Both Hong Kong and US equities marked substantial growth of 227% and 116% respectively, indicating a strong investor appetite. Even cryptocurrency trading observed significant increases in both trader activity and client assets.
Wealth Management and Investment Demand
Futu’s wealth management division has also seen remarkable growth worldwide, driven by the ongoing demand for safe-haven assets amidst fluctuating market conditions. At the end of Q1 2025, total assets under management soared to $17.9 billion, an increase of 118% compared to the previous year. This includes steady growth in Hong Kong and Singapore, while Japan and Malaysia also showed notable improvements in asset accumulation.
Corporate Services and IPO Success
Futu's achievements extend beyond individual investors. The surge in retail investing has played a vital role in enhancing growth within the corporate and institutional services segment. By the end of the quarter, the number of IPO and IR clients reached 498. In Malaysia, Futu's platform excelled in attracting subscribers for the Oriental Kopi IPO, while in Hong Kong, it successfully navigated over HK$1 trillion in IPO subscriptions, including the highly successful Mixue IPO.
Technological Innovations and Investor Accessibility
Amidst these successes, Futu has continued to innovate its platform capabilities to accommodate diverse investor needs. A significant rollout included fractional US shares trading in Japan, catering to users looking to invest in the US market. Additionally, the introduction of tools such as the Options Strategy Builder has made options trading more accessible than ever. The launch of new wealth management products, including US dollar money market funds in Japan and non-money market mutual funds in Malaysia, further diversifies their offerings.
Enhancing User Experience
To improve the trading experience, Futu introduced an Insights feature enhancing users’ investment strategies by allowing them to emulate expert traders and gaining inspiration from emerging investment opportunities. Streamlining the US stock order execution process facilitated better trading efficiency, allowing investors to manage trades more effectively.
Industry Recognition
Futu's dedication to innovation and quality service has not gone unrecognized, receiving multiple industry awards in Q1. In Singapore, it claimed four prestigious awards from CME Group, including
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