eToro Q1 Net Income Climbs 37% to $82 Million on Commodities Surge

eToro Group posted its strongest quarterly results since becoming a public company. The social trading platform reported a first-quarter net income of $82 million, a 37% increase year-over-year. Net contribution rose 19% to $258 million.

Funded accounts reached 4.02 million, while assets under administration climbed 15% to $17 billion. Adjusted EBITDA totaled $109 million, and adjusted diluted earnings per share increased to $0.91 from $0.77 a year earlier.

CEO Yoni Assia commented, "I'm incredibly proud of the eToro team for delivering our strongest quarterly financial results as a public company." CFO Meron Shani stated the performance was "supported by a surge in commodities trading."

A significant shift occurred within the trading commission mix. Net trading income from equities, commodities, and currencies surged 71% to $166 million. Commodities alone accounted for approximately 60% of trading commissions, a sharp rise from 16% in Q2 2025. Commodities trading volumes increased nearly fourfold compared to the same quarter last year.

Total capital markets trades reached 243 million in Q1 2026, up 90% year-over-year. Conversely, cryptoasset trades declined to 10 million from 20 million.

Among listed peers, Plus500 raised its full-year outlook after Q1 revenue grew 18% to $242 million. XTB reported operating revenue up 88.5% to roughly $301 million. Robinhood's Q1 revenue increased 15% to $1.07 billion, though its cryptocurrency revenue fell 47%.

The quarter featured several product launches. eToro activated licenses for crypto trading in New York, added Japanese equities, and extended 24/7 trading to select assets. It also launched an app store for developers and integrated xAI's Grok 4.2 into its AI assistant.

The acquisition of self-custody wallet Zengo closed on April 30. Preliminary April metrics showed funded accounts at 4.07 million and assets under administration at $18.7 billion, up 19% year-over-year. The company spent $101 million on share repurchases and ended March with $1.3 billion in cash and equivalents.