Futu Reports Record Q1 2025 Growth as Trading Activity Surges

Online brokerage firm Futu Holdings reported strong financial results for the first quarter of 2025, with revenue rising 81.1% year-over-year to US$603.4 million. Gross profit reached US$507.2 million, marking an 85.9% increase, while net income surged 107% to US$275.4 million.

The firm attributed its performance to a significant rise in trading activity across its platform. Total trading volume for the quarter stood at HK$3.22 trillion, up 140.1% from the previous year. The bulk of this activity came from U.S. stocks (HK$2.25 trillion), followed by Hong Kong-listed equities (HK$916 billion).

Futu also reported steady growth in user engagement. The number of funded accounts rose 41.6% year-on-year to over 2.67 million, while total brokerage accounts increased 30% to exceed 4.95 million. Overall, the platform's user base expanded to 26.3 million, reflecting a 16.8% increase.

"Hong Kong remained the top contributor to new funded accounts, as our marketing initiatives effectively leveraged the Hong Kong market rally and IPO boom," said Chairman and CEO Leaf Hua Li. He noted that Malaysia posted the fastest sequential growth among the seven markets Futu operates in, adding that "there is ample room for further growth" in the country.

Li also highlighted progress in the U.S. and Japan, citing enhanced offerings for active traders and localized features such as fractional share trading and U.S. options access.

As of Q1, total client assets reached HK$829.8 billion, a 60.2% increase from the previous year, with average daily client assets rising 64.7% to HK$790.4 billion.

"We continued to drive product innovation," Li said, pointing to the launch of Futubull AI in Hong Kong and a new desktop platform aimed at retail investors.