Futu Holdings Limited (FUTU) Earnings Call Transcripts

Futu Holdings Limited's Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal year 2026, Futu Holdings reported total revenue of HKD 5.9 billion, reflecting a 25% increase year-over-year. However, net income saw a significant decline of 61% year-over-year to HKD 831 million, primarily due to an administrative penalty from the China Securities Regulatory Commission. Management maintained its guidance for 800,000 net new accounts for the year, indicating confidence in continued growth despite regulatory challenges.

Reported metrics

Guidance from management

Management maintained guidance for 800,000 net new accounts for the fiscal year, indicating confidence in growth despite regulatory challenges.

What management said

[Interpreted] Thank you all for joining our earnings call today. In the first quarter, we added 225,000 net new on the account bringing our 2 funding accounts to HKD 3.59 million, up 34% year-over-year and 7% quarter-over-quarter. Although subdued [indiscernible] markets with our plan acquisition, to still contributed to cyclized new account addition among all regions. We remain confident about sustained client growt...

[Interpreted] In Japan, our superior U.S. equity trading capability continued to drive client acquisition. In the first quarter, U.S. stock trading volume in Japan recorded double-digit conquercial growth, while U.S. options contract volume doubled this year, we will continue to enhance our Japanese equity trading experience. to better meet domestic investment needs and further unlock client acquisition potential. I...

What analysts pressed on

Analysts expressed concerns regarding the regulatory environment and its potential impact on client acquisition and overall growth. There were also questions about the company's competitive positioning in the increasingly crowded Hong Kong market.

Main topics on the call

• Client Growth and Market Expansion — Futu added 225,000 net new accounts in Q1 2026, bringing total funding accounts to 3.59 million, a 34% increase year-over-year. Management stated, "We remain confident about sustained client growth in Humco," highlightin...
• Regulatory Impact — The company disclosed an administrative penalty of approximately RMB 1.85 billion, which has been fully reflected in financial statements. Management emphasized that this does not impact business fundamentals, stating, "...
• Revenue Composition — Total revenue of HKD 5.9 billion included HKD 2.6 billion from brokerage commissions and handling charges, up 14% year-over-year. Interest income increased by 28% year-over-year to HKD 2.7 billion, driven by higher margi...
• Profitability Metrics — Net income decreased by 61% year-over-year to HKD 831 million, with a net income margin of 14.2%. Prior to the penalty adjustment, net income would have increased by 36% year-over-year, indicating strong operational perf...

Read the full Futu Holdings Limited transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 25 Futu Holdings Limited earnings call transcripts on record, spanning March 18, 2020 to May 28, 2026. Based on this history, Futu Holdings Limited reports quarterly. The most recent call on file is dated May 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FUTU

Exchange

NasdaqGM

Country

US

Sector

Financials

Industry

Capital Markets

Calls on record

25

First call

March 18, 2020

Most recent

May 28, 2026

Reporting cadence

quarterly