NASDAQ$FUTU
Futu Holdings Ltd-ADR · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Futu reported strong revenue and earnings growth in Q4 2024.
Futu achieved significant revenue growth of 86.8% YoY, driven by a surge in trading volume and strong performance across markets. Net income more than doubled, reflecting operational efficiency and increased client activity. Non-GAAP adjusted net income also saw substantial gains.
- Total revenue increased by 86.8% YoY to $570.6 million.
- Net income rose by 113.3% YoY to $240.7 million.
- Non-GAAP adjusted net income grew 105.4% YoY to $251.3 million.
- Operating margin improved to 50.0%, up from 43.1% in Q4 2023.
Headline financials
Revenue & EPS history
Futu · Revenue · Quarterly
$571M
Revenue by segment
Futu · $5.86B total across 3 segments · Q1 2026
- Interest income$2.65B+28.0%45.3%
- Brokerage commission and handling charge income$2.64B+14.3%45.1%
- Other income$564M+79.7%9.6%
Forward guidance
Futu expects continued growth in client acquisition and market expansion, with a focus on increasing profitability and operational efficiency.
Tailwinds
- Projected net new paying clients of 800,000 in 2025.
- Continued strong asset inflow into U.S. equities and cash management products.
- Expansion of structured product offerings for high-net-worth clients.
- Anticipated market share growth in Hong Kong IPO subscriptions.
- Strong AI and technology sector trading expected to drive revenue.
Headwinds
- Potential impact of market volatility on trading volume.
- Regulatory changes could affect operating conditions.
- Increasing competition in online brokerage services.
- Higher marketing expenses to sustain client acquisition growth.
- Risk of lower commission rates affecting brokerage income.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
-0.5%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+3.7%
Avg return
30 days after
40%
12 / 30 earnings
Positive
+26.6%
Q1 2022
Best reaction
-22.8%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | -7.6% | -3.5% | +1.2% | |
| Q3 2025 | -0.4% | -4.2% | -2.8% | |
| Q2 2025 | +5.9% | +15.6% | +5.6% | |
| Q1 2025 | -0.4% | -2.6% | +12.6% | |
| Q4 2024 | -3.8% | +2.5% | -28.0% | |
| Q3 2024 | -3.6% | -8.8% | -9.4% | |
| Q2 2024 | +0.2% | +0.6% | +8.5% | |
| Q1 2024 | +2.3% | +0.7% | -11.9% | |
| Q4 2023 | -17.0% | -13.6% | -12.1% | |
| Q3 2023 | -1.1% | -5.9% | -13.3% | |
| Q2 2023 | +4.6% | +23.0% | +21.0% | |
| Q1 2023 | -1.7% | -0.6% | +1.0% | |
| Q4 2022 | +0.2% | +5.2% | -11.3% | |
| Q3 2022 | +7.4% | +4.1% | +22.5% | |
| Q2 2022 | +6.1% | +5.7% | -21.3% | |
| Q1 2022 | +26.6% | +21.6% | +35.4% | |
| Q4 2021 | -13.5% | +29.8% | +26.3% | |
| Q3 2021 | -8.4% | -7.0% | -24.7% | |
| Q2 2021 | +15.4% | +12.2% | -3.9% | |
| Q1 2021 | +2.5% | -0.2% | +24.1% | |
| Q4 2020 | -8.6% | -11.2% | -0.2% | |
| Q3 2020 | +12.9% | +8.5% | +0.7% | |
| Q2 2020 | -6.6% | -0.4% | -13.6% | |
| Q1 2020 | +6.8% | +15.0% | +53.0% | |
| Q4 2018 | -0.2% | -0.5% | +38.7% | |
| Q4 2017 | -0.2% | -0.5% | +38.7% | |
| Q4 2019 | -22.8% | -26.6% | -5.8% | |
| Q3 2019 | -4.3% | -5.5% | -10.2% | |
| Q2 2019 | -3.5% | -4.6% | -0.9% | |
| Q1 2019 | -3.5% | +1.0% | -8.9% | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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