Futu Holdings Limited announced its unaudited financial results for the second quarter ended June 30, 2025, reporting total revenues of HK$5,310.9 million (US$676.6 million), a 69.7% increase year-over-year. Non-GAAP adjusted net income surged 105.2% to HK$2,659.8 million (US$338.8 million).
The company reached a key milestone with approximately 2.9 million funded accounts, up 40.9% year-over-year, and notably, over half of these accounts now originate from clients outside Futu Securities Hong Kong. Over 204 thousand new funded accounts were added in Q2, a 31.6% increase year-over-year.
Total client assets climbed to a new high of HK$973.9 billion, up 68.1% year-over-year, driven by robust net asset inflow which almost doubled in the first half of 2025 compared to the same period last year. Total trading volume reached HK$3.59 trillion, up 121.2% year-over-year, propelled by market volatility and renewed enthusiasm in cryptocurrency trading.
Wealth management client assets reached HK$163.2 billion, up 104.4% year-over-year. Futu expanded its offerings with HKD- and RMB-denominated bonds and became the first online broker in Hong Kong to offer retail-facing principal protected structured products and distribute ChinaAMC (HK)'s tokenized money market funds.
Operational efficiency improved significantly, with gross margin expanding to 87.4% and operating margin increasing to 63.0% from 47.3% in Q2 2024. Research and development expenses increased 18.2% year-over-year, primarily driven by greater investment in AI capabilities.
The company also launched crypto trading in most U.S. states in June, further strengthening its value proposition as a one-stop trading platform. This strategic expansion into digital assets complements its strong performance in traditional brokerage and wealth management services.
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