NASDAQ$ETOR
eToro Group LTD · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Strongest quarter as a public company: net contribution +19% YoY to $258M and GAAP net income +37% to $82M.
First-quarter 2026 total revenue and income was $2.44 billion, with net contribution of $258 million (+19% YoY) and GAAP net income of $82.4 million (+37% YoY). Adjusted EBITDA grew 35% to $108.5 million and adjusted diluted EPS reached $0.91 (vs $0.77). A fourfold year-over-year jump in commodities trading drove roughly 60% of trading commissions in the quarter. Funded accounts grew 12% to 4.02 million and assets under administration climbed 15% to $17.0 billion. eToro ended Q1 with $1.3 billion in cash, cash equivalents and short-term investments, generated $104 million of operating cash flow, and repurchased $101 million of treasury shares. The Zengo self-custodial wallet acquisition closed on April 30, 2026.
- Net contribution +19% YoY to $258M and net income +37% YoY to $82M — strongest quarter since IPO, driven primarily by a ~4x surge in commodities trading volumes that accounted for ~60% of trading commissions.
- Funded accounts reached 4.02M (+12% YoY) and AUA $17.0B (+15% YoY); April KPIs continued the trend with 4.07M funded accounts and $18.7B AUA.
- Adjusted EBITDA $108.5M (+35% YoY) and adjusted diluted EPS $0.91 vs $0.77; GAAP diluted EPS $0.86 vs $0.69.
- $1.3B in cash, cash equivalents and short-term investments; generated $104M of operating cash flow while repurchasing $101M of treasury shares.
- Closed the Zengo self-custodial wallet acquisition on April 30, 2026; launched 24/7 trading for select commodities/equities/indices, Japanese equities, New York crypto trading, and the eToro App Store + Agent Portfolios powered by xAI Grok 4.2.
Headline financials
Revenue & EPS history
eToro Group LTD · Revenue · Quarterly
$2.44B
Revenue by segment
eToro Group LTD · $2.44B total across 6 segments · Q1 2026
- Revenue from cryptoassets$2.15B-38.5%88.3%
- Net trading income — equities, commodities, currencies$166M+71.0%6.8%
- Net interest income from users$47.3M-10.1%1.9%
- Net trading income — cryptoasset derivatives$33.4M-56.7%1.4%
- Currency conversion and other income$31M+29.5%1.3%
- Other interest income$8.71M+109.1%0.4%
Forward guidance
Management did not issue specific Q2 or full-year 2026 numerical guidance. April 2026 selected metrics — AUA $18.7B (+19% YoY), funded accounts 4.07M (+13% YoY), 63M total trades (+50% YoY), $7.0B interest-earning assets (+28% YoY), $1.4B total money transfers (+53% YoY) — show momentum continuing into Q2.
Tailwinds
- April 2026 funded accounts at 4.07M and AUA at $18.7B, both up double-digits YoY
- Continued investment in on-chain infrastructure, AI-powered Tori, and global product expansion
- $50M ASR plus a refreshed $150M repurchase authorization in place after Q1
Headwinds
- Q1 results were boosted by an outsized commodities-trading spike that may not repeat
- Total revenue and income declined YoY due to lower pass-through crypto activity
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 3 quarterly earnings reports · overlaid with Q1 2026
+1.1%
Avg return
Earnings day
+0.5%
Avg return
5 days after
-4.4%
Avg return
30 days after
40%
2 / 5 earnings
Positive
+20.4%
Q4 2025
Best reaction
-11.9%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.2% | +4.5% | — | |
| Q4 2025 | +20.4% | +13.5% | +7.0% | |
| Q3 2025 | +8.2% | +16.1% | +16.9% | |
| Q2 2025 | -8.2% | -12.9% | -19.7% | |
| Q1 2025 | -11.9% | -19.0% | -21.9% |
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