Futu Holdings Limited (FUTU) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Futu Holdings Limited (FUTU) stock price & volume — 10-year historical chart
Futu Holdings Limited (FUTU) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Futu Holdings Limited (FUTU) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 12, 2026 | $3.07vs $2.88+6.6% | $827Mvs $803M+3.0% |
| Q4 2025 | Nov 18, 2025 | $2.93vs $3.06-4.2% | $823Mvs $789M+4.3% |
| Q3 2025 | Aug 20, 2025 | $2.32vs $2.13+8.9% | $677Mvs $600M+12.7% |
| Q2 2025 | May 29, 2025 | $1.96vs $1.79+9.5% | $604Mvs $499M+21.0% |
Futu Holdings Limited (FUTU) competitors in Wealth Management Platforms — business model, growth, and fundamentals comparison
Futu Holdings Limited (FUTU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Futu Holdings Limited (FUTU) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 2.34M | 85.99M | 264.96M | 375.67M | 780.54M | 2.14B | 2.92B | 0 | 0 | 0 |
| NII Growth % | - | 3581.21% | 208.12% | 41.78% | 107.77% | 174.34% | 36.45% | -100% | - | 0% |
| Net Interest Margin % | 0.05% | 0.79% | 1.65% | 1.76% | 1.09% | 2.11% | 3.09% | 0% | 0% | 0% |
| Interest Income | 5.79M | 105.87M | 360.58M | 464.9M | 965.63M | 2.52B | 3.21B | 0 | 0 | 0 |
| Interest Expense | 3.46M | 19.88M | 95.62M | 89.24M | 185.09M | 376.9M | 292.5M | 0 | 0 | 0 |
| Loan Loss Provision | 41.61M | 89.22M | 153.97M | 192.47M | 510.86M | 829.16M | 703.63M | 1.54B | 2.45B | 2.82B |
| Non-Interest Income | 81.22M | 205.79M | 450.76M | 596.65M | 2.35B | 4.6B | 4.4B | 10.01B | 13.59B | 17.87B |
| Non-Interest Income % | 93.34% | 66.03% | 55.56% | 56.21% | 70.83% | 64.61% | 57.78% | 100% | 100% | 100% |
| Total Revenue | 87.02M▲ 0% | 311.66M▲ 258.2% | 811.34M▲ 160.3% | 1.06B▲ 30.8% | 3.31B▲ 211.9% | 7.12B▲ 114.9% | 7.61B▲ 7.0% | 10.01B▲ 31.4% | 13.59B▲ 35.8% | 17.87B▲ 0% |
| Revenue Growth % | - | 258.17% | 160.33% | 30.84% | 211.88% | 114.91% | 7.01% | 31.45% | 35.79% | 267.24% |
| Non-Interest Expense | 152.61M | 194.26M | 352.99M | 591.9M | 1.15B | 2.73B | 3.05B | 3.46B | 4.52B | 5.08B |
| Efficiency Ratio | 175.38% | 62.33% | 43.51% | 55.76% | 34.64% | 38.32% | 40.04% | 34.62% | 33.28% | 28.4% |
| Operating Income | -110.66M▲ 0% | 8.3M▲ 107.5% | 208.76M▲ 2416.4% | 187.96M▼ 10.0% | 1.47B▲ 681.0% | 3.18B▲ 116.8% | 3.57B▲ 12.1% | 5.01B▲ 40.3% | 6.62B▲ 32.2% | 9.98B▲ 0% |
| Operating Margin % | -127.18% | 2.66% | 25.73% | 17.71% | 44.34% | 44.73% | 46.87% | 50.03% | 48.72% | 55.82% |
| Operating Income Growth % | - | 107.5% | 2416.38% | -9.97% | 680.96% | 116.83% | 12.13% | 40.31% | 32.24% | - |
| Pretax Income | -111.75M▲ 0% | 3.38M▲ 103.0% | 200.8M▲ 5844.3% | 177.95M▼ 11.4% | 1.45B▲ 715.0% | 3.19B▲ 119.6% | 3.34B▲ 4.9% | 5.03B▲ 50.5% | 6.43B▲ 27.9% | 9.57B▲ 0% |
| Pretax Margin % | -128.42% | 1.08% | 24.75% | 16.76% | 43.81% | 44.77% | 43.88% | 50.23% | 47.32% | 53.54% |
| Income Tax | -13.28M | 11.48M | 62.29M | 12.29M | 124.79M | 375.08M | 413.96M | 748.48M | 998.34M | 1.67B |
| Effective Tax Rate % | 11.88% | 339.85% | 31.02% | 6.9% | 8.6% | 11.78% | 12.39% | 14.89% | 15.52% | 17.42% |
| Net Income | -98.47M▲ 0% | -8.1M▲ 91.8% | 138.51M▲ 1809.6% | 165.66M▲ 19.6% | 1.33B▲ 700.1% | 2.81B▲ 112.0% | 2.93B▲ 4.2% | 4.28B▲ 46.3% | 5.44B▲ 27.1% | 7.91B▲ 0% |
| Net Margin % | -113.17% | -2.6% | 17.07% | 15.61% | 40.04% | 39.5% | 38.44% | 42.78% | 40.05% | 44.27% |
| Net Income Growth % | - | 91.77% | 1809.6% | 19.6% | 700.13% | 112.01% | 4.15% | 46.28% | 27.13% | 87.49% |
| Net Income (Continuing) | -98.47M | -8.1M | 138.51M | 165.66M | 1.33B | 2.81B | 2.93B | 4.28B | 5.43B | 7.9B |
| EPS (Diluted) | -1.04▲ 0% | -0.41▲ 60.6% | 0.56▲ 236.6% | 1.28▲ 128.6% | 10.08▲ 687.5% | 18.40▲ 82.5% | 20.32▲ 10.4% | 30.56▲ 50.4% | 38.88▲ 27.2% | 56.20▲ 0% |
| EPS Growth % | - | 60.58% | 236.59% | 128.57% | 687.5% | 82.54% | 10.43% | 50.39% | 27.23% | 86.51% |
| EPS (Basic) | -1.04 | -0.41 | 0.72 | 1.36 | 10.24 | 18.72 | 20.56 | 31.04 | 39.44 | - |
| Diluted Shares Outstanding | 111.18M | 111.18M | 63.94M | 114.74M | 131.27M | 152.46M | 143.88M | 139.96M | 140.06M | 140.79M |
Futu Holdings Limited (FUTU) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 181.25M | 375.26M | 274.96M | 456.35M | 1.33B | 5.83B | 5.74B | 8.19B | 14.42B | 45.4B |
| Cash & Due from Banks | 179.02M | 375.26M | 215.62M | 362.57M | 1.03B | 4.56B | 5.03B | 4.94B | 11.69B | 6.26B |
| Short Term Investments | 2.24M | 0 | 59.35M | 93.77M | 300M | 1.28B | 712.92M | 3.25B | 2.73B | 3.12B |
| Total Investments | 4.47M | 0 | 59.35M | 99.94M | 300M | 30.76B | 27.61B | 3.49B | 3.31B | 3.83B |
| Investments Growth % | - | -100% | - | 68.39% | 200.18% | 10154.95% | -10.25% | -87.35% | -5.33% | 8.35% |
| Long-Term Investments | 2.24M | 0 | 0 | 6.17M | 0 | 29.49B | 26.9B | 238.56M | 573.19M | 2.6B |
| Accounts Receivables | 813.08M | 387.97M | 771.49M | 1.79B | 8.08B | 10.45B | 9.83B | 10.15B | 22.84B | 31.53B |
| Goodwill & Intangibles | 1.5M | 1.28M | 1.41M | 7.69M | 10.22M | 17.22M | 54.45M | 72.07M | 85.64M | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.5M | 1.28M | 1.41M | 7.69M | 10.22M | 17.22M | 54.45M | 72.07M | 85.64M | 0 |
| PP&E (Net) | 8.22M | 13.39M | 22.86M | 279.25M | 317.18M | 419.62M | 342.7M | 349.06M | 440.8M | 479.68M |
| Other Assets | 10.38M | 72.92M | 42.31M | 50.79M | 150.73M | 25.64B | 24.77B | 951.83M | 1.66B | 2.39B |
| Total Current Assets | 4.48B | 10.82B | 16B | 21.05B | 70.84B | 45.93B | 42.35B | 95.43B | 155.89B | 194.82B |
| Total Non-Current Assets | 42.19M | 103.37M | 66.58M | 345.47M | 495.3M | 55.6B | 52.16B | 1.71B | 2.87B | 3.58B |
| Total Assets | 4.52B▲ 0% | 10.92B▲ 141.8% | 16.06B▲ 47.0% | 21.4B▲ 33.2% | 71.34B▲ 233.4% | 101.54B▲ 42.3% | 94.5B▼ 6.9% | 97.14B▲ 2.8% | 158.76B▲ 63.4% | 198.4B▲ 0% |
| Asset Growth % | - | 141.81% | 47.04% | 33.23% | 233.36% | 42.33% | -6.93% | 2.79% | 63.44% | 244.31% |
| Return on Assets (ROA) | -2.18% | -0.1% | 1.03% | 0.88% | 2.86% | 3.25% | 2.99% | 4.47% | 4.25% | 4.65% |
| Accounts Payable | 4.15B | 8.36B | 13.23B | 16.95B | 51.05B | 67.19B | 69.18B | 64.65B | 117.17B | 151.53B |
| Total Debt | 193.21M | 1.94B | 1.58B | 1.64B | 16.61B | 21.91B | 2.69B | 5.89B | 8.55B | 9.79B |
| Net Debt | 14.19M | 1.57B | 1.36B | 1.28B | 15.58B | 17.36B | -2.34B | 952.04M | -3.13B | 3.54B |
| Long-Term Debt | 32.03M | 400M | 400M | 1.59M | 5.45B | 6.36B | 0 | 0 | 0 | 0 |
| Short-Term Debt | 161.18M | 1.54B | 1.18B | 1.47B | 10.94B | 15.29B | 2.48B | 5.65B | 8.28B | 9.29B |
| Other Liabilities | 326.62M | 779.07M | 1.25B | 1.1M | -5.45B | -9.28B | 756.95M | 5.86M | 3.18M | 6.2M |
| Total Current Liabilities | 4.35B | 9.97B | 14.56B | 18.66B | 62.86B | 83.31B | 72.77B | 72.43B | 130.61B | 164.77B |
| Total Non-Current Liabilities | 361.2M | 1.18B | 1.65B | 189.97M | 169.91M | -2.75B | 870.68M | 135.52M | 140.99M | 348.74M |
| Total Liabilities | 4.71B | 11.16B | 14.96B | 18.85B | 63.03B | 80.55B | 73.64B | 72.56B | 130.75B | 165.12B |
| Total Equity | -190.22M▲ 0% | -232.9M▼ 22.4% | 1.1B▲ 572.4% | 2.55B▲ 131.6% | 8.31B▲ 226.0% | 20.99B▲ 152.6% | 20.86B▼ 0.6% | 24.57B▲ 17.8% | 28B▲ 14.0% | 33.28B▲ 0% |
| Equity Growth % | - | -22.44% | 572.42% | 131.63% | 225.98% | 152.6% | -0.59% | 17.78% | 13.97% | 76.45% |
| Equity / Assets (Capital Ratio) | -4.21% | -2.13% | 6.85% | 11.91% | 11.65% | 20.67% | 22.08% | 25.3% | 17.64% | 16.77% |
| Return on Equity (ROE) | - | - | 31.94% | 9.08% | 24.42% | 19.19% | 13.99% | 18.85% | 20.71% | 26.38% |
| Book Value per Share | -1.71 | -2.09 | 17.21 | 22.21 | 63.29 | 137.65 | 145.00 | 175.57 | 199.95 | 236.37 |
| Tangible BV per Share | -1.72 | -2.11 | 17.19 | 22.15 | 63.21 | 137.53 | 144.62 | 175.05 | 199.33 | 236.37 |
| Common Stock | 31K | 31K | 61K | 78K | 85K | 96K | 97K | 98K | 99K | 99K |
| Additional Paid-in Capital | 2.5M | 0 | 0 | 2.54B | 6.96B | 17.94B | 18.15B | 18.46B | 18.81B | 18.97B |
| Retained Earnings | -187.33M | -230.88M | -148.93M | 16.74M | 1.34B | 4.15B | 7.08B | 11.36B | 14.65B | 19.37B |
| Accumulated OCI | -5.42M | -2.05M | -1.3M | -4.45M | 4.97M | 75.99M | -47.85M | -49.43M | -249.92M | 143.42M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | -1.18B | -4.32B | -5.2B | -5.2B | -5.2B |
| Preferred Stock | 329.18M | 1.18B | 1.25B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Futu Holdings Limited (FUTU) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.4B | 1.86B | 4.47B | 1.97B | 20.46B | 6.01B | 3.47B | -6.34B | 31B | 31B |
| Operating CF Growth % | - | 32.74% | 140.94% | -55.94% | 938.71% | -70.61% | -42.2% | -282.37% | 589.1% | 0% |
| Net Income | -98.47M | -8.1M | 138.51M | 165.66M | 1.33B | 2.81B | 2.93B | 4.28B | 5.43B | 7.91B |
| Depreciation & Amortization | 3.58M | 4.3M | 8.33M | 66.1M | 79.78M | 120.13M | 149.65M | 171.21M | 175.5M | 0 |
| Deferred Taxes | -77K | -21.63M | -7.46M | -1.58M | -13.15M | -21.43M | -52.11M | -14.77M | 0 | 0 |
| Other Non-Cash Items | -39K | 5.18M | 15.42M | 7.38M | 26.1M | -135.06M | 218.93M | -161.73M | 288.66M | -8.24B |
| Working Capital Changes | 1.48B | 1.87B | 4.3B | 1.72B | 19.01B | 3.14B | 27.05M | -10.9B | 24.76B | 0 |
| Cash from Investing | -6.23M | -5.14M | -78.05M | -160.06M | -244.18M | -963.57M | 93.86M | -2.44B | 103.93M | 0 |
| Purchase of Investments | -2.24M | 0 | -123.26M | -292.49M | -206.79M | -1.19B | -4.3B | -4.8B | -1.24B | 0 |
| Sale/Maturity of Investments | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Net Investment Activity | -2.24M | 1000K | -122.26M | -291.49M | -205.79M | -1.19B | -4.3B | -4.8B | -1.24B | 0 |
| Acquisitions | 5K | 20.03K | 0 | -6.71M | 0 | -300M | -109.53M | -17.54M | -1.66M | 0 |
| Other Investing | 39K | 11.97K | 87K | 6.72M | -300M | 300M | 0 | 0 | 0 | 0 |
| Cash from Financing | 147.59M | 2.16B | 35.69M | 1.15B | 8.41B | 10.55B | -7.01B | 2.31B | 70.85M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -1.18B | -3.15B | -874.69M | 0 | 0 |
| Stock Issued | 0 | 621.58M | 0 | 1.26B | 2.34B | 10.86B | 0 | 0 | 20.07M | 0 |
| Net Stock Activity | 0 | 621.58M | 0 | 1.26B | 2.34B | 9.68B | -3.15B | -874.69M | 20.07M | 0 |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 0 |
| Other Financing | 0 | 0 | 0 | 756.34K | 2.05B | 6.63M | 16.33M | 11.62M | 91K | 0 |
| Net Change in Cash | 1.54B▲ 0% | 4.03B▲ 161.7% | 4.44B▲ 10.1% | 2.92B▼ 34.2% | 28.62B▲ 881.3% | 15.77B▼ 44.9% | -3.58B▼ 122.7% | -6.41B▼ 79.2% | 31.02B▲ 584.1% | 0▲ 0% |
| Exchange Rate Effect | 77K | 1000K | 1000K | -1000K | -1000K | 1000K | -1000K | 1000K | -1000K | 0 |
| Cash at Beginning | 1.99B | 3.52B | 7.55B | 11.99B | 14.9B | 43.52B | 59.29B | 55.72B | 49.31B | 0 |
| Cash at End | 3.52B | 7.55B | 11.99B | 14.9B | 43.52B | 59.29B | 55.72B | 49.31B | 80.33B | 0 |
| Interest Paid | 1.41M | 20.29M | 95.28M | 89.24M | 181.71M | 367.04M | 298M | 876.51M | 1.57B | 0 |
| Income Taxes Paid | 358K | 8.69M | 18.73M | 15.12M | 16.25M | 102.89M | 694.97M | 698.82M | 761.91M | 0 |
| Free Cash Flow | 1.39B▲ 0% | 1.85B▲ 32.6% | 4.45B▲ 140.9% | 1.85B▼ 58.4% | 20.41B▲ 1002.7% | 5.94B▼ 70.9% | 3.38B▼ 43.0% | -6.42B▼ 289.6% | 30.83B▲ 580.6% | 0▲ 0% |
| FCF Growth % | - | 32.59% | 140.89% | -58.42% | 1002.7% | -70.89% | -43.04% | -289.55% | 580.56% | - |
Futu Holdings Limited (FUTU) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | 31.94% | 9.08% | 24.42% | 19.19% | 13.99% | 18.85% | 20.71% | 26.38% |
| Return on Assets (ROA) | -0.1% | 1.03% | 0.88% | 2.86% | 3.25% | 2.99% | 4.47% | 4.25% | 4.65% |
| Net Interest Margin | 0.79% | 1.65% | 1.76% | 1.09% | 2.11% | 3.09% | 0% | 0% | 0% |
| Efficiency Ratio | 62.33% | 43.51% | 55.76% | 34.64% | 38.32% | 40.04% | 34.62% | 33.28% | 28.4% |
| Equity / Assets | -2.13% | 6.85% | 11.91% | 11.65% | 20.67% | 22.08% | 25.3% | 17.64% | 16.77% |
| Book Value / Share | -2.09 | 17.21 | 22.21 | 63.29 | 137.65 | 145 | 175.57 | 199.95 | 236.37 |
| NII Growth | 3581.21% | 208.12% | 41.78% | 107.77% | 174.34% | 36.45% | -100% | - | - |
| Dividend Payout | - | - | - | - | - | - | - | - | 0% |
Futu Holdings Limited (FUTU) stock FAQ — growth, dividends, profitability & financials explained
Futu Holdings Limited (FUTU) grew revenue by 35.8% over the past year. This is strong growth.
Yes, Futu Holdings Limited (FUTU) is profitable, generating $7.91B in net income for fiscal year 2024 (40.1% net margin).
Futu Holdings Limited (FUTU) has a return on equity (ROE) of 20.7%. This is excellent, indicating efficient use of shareholder capital.
Futu Holdings Limited (FUTU) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.
Futu Holdings Limited (FUTU) has an efficiency ratio of 33.3%. This is excellent, indicating strong cost control.
Futu Holdings Limited (FUTU) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates