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FUTUFutu Holdings Limited
$98.06$13.7B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
FUTU logo

Futu Holdings Limited

FUTU
NASDAQ · Investment Banks & Brokerages
$98.06
At close - Nov 6, 4:00 PM EST - USD
Market Cap$13.69B
P/E9.7x
52W High$190.51
Volume1.69M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Fee Dominance Yields to Interest Income Inflection

Futu's revenue composition is undergoing a structural shift, with net interest income emerging as a significant new driver alongside its core fee-based brokerage and wealth management platform. The company's efficiency ratio has improved to 26.2% in Q2 2026, demonstrating strong operating leverage as revenue scales.

GrowthAccelerating
ProfitabilityStrong
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

FUTU price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

7/12 Beats

EPS beat 7 of last 12 quarters

02

Valuation risk

-52% Peers

P/E is 52% below peer median

03

Market leadership

RS 31 · Lag

Laggard (Underperforming 69% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 19
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Total revenue surged 188% from $2.5B in Q2 2023 to $7.2B in Q2 2026, driven by a new $2.6B net interest income stream that reduced fee income's share from 100% to 61% of total revenue.

Analyst Consensus+39.0% target
Buy(12 analysts)
7 Buy4 Hold1 Sell

The Bull Case

Upside Catalysts

Robust Financial Growth

In Q3 2025, Futu reported revenue of HK$6.40 billion and net income of HK$3.23 billion, both materially higher than the prior year. The growth is driven by increased trading volumes, higher interest income from margin financing and securities lending, and expanding wealth‑management services.

User Acquisition & Engagement

Futu is expanding its global customer base and deepening engagement across key Asian and international markets. Its platforms, Futubull and Moomoo, are popular among retail investors, with a significant increase in funded accounts and client assets.

International Expansion

The company is actively expanding its presence in Singapore, the U.S., Malaysia, and Japan, differentiating itself through brand recognition and superior product experience.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
FUTU-43.60%
S&P 500 (^GSPC)+7.63%
1-Year Return
FUTU-45.32%
S&P 500 (^GSPC)+9.69%
3-Year Return
FUTU+67.04%
S&P 500 (^GSPC)+75.53%
5-Year Return
FUTU+85.15%
S&P 500 (^GSPC)+63.36%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
9.7x
Forward P/EExpansion
1.2x
EV/EBITDA0th %ile
0.1x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
9.7x
2.1x
100th· High
EV/EBITDA
0.1x
1.7x
0th· Low
Price/FCF
N/A
1.1x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$132.07+34.7%
Base (Fair)$147.54+50.5%
Bull$175.26+78.7%
$132.07 Bear$147.54 Base$175.26 Bull
Current Market Price: $98.06
Trades at a 33.5% discount to Base DCF ($147.54)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$22.81B+67.8% YoY
Net income FY25
$11.32B+107.9% YoY
Free cash flow FY25
$40.73B+32.1% YoY
Operating margin FY25
61.6%+12.9 pts YoY
ROIC (FY25)22.3%
Avg ROIC 5Y13.2%
ROE (TTM)28.2%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate7/12 (58%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 20, 2026
$3.33+11.7%
vs $2.98
$918M+16.8%
vs $786M
Q2 2026
May 28, 2026
$0.77-73.5%
vs $2.89
$747M-1.9%
vs $761M
Q2 2026
Mar 12, 2026
$3.07+6.6%
vs $2.88
$827M+3.0%
vs $803M
Q4 2025
Nov 18, 2025
$2.93-4.2%
vs $3.06
$823M+4.3%
vs $789M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
GlobeNewsWire·2d ago
Futu to Report Third Quarter 2026 Financial Results on November 19, 2026

HONG KONG, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the third quarter ended September 30, 2026, before U.S. markets open on November 19, 2026.

247 Wallst·5d ago
Standard Chartered Just Launched 24/7 Settlement Between Banks Without XRP. Should XRP Holders Worry?

Standard Chartered now settles bank transactions around the clock without touching XRP, and HSBC just completed the first international tokenized deposit transfer the same way. The question is whether banks are building around XRP entirely or leaving one door open.

Zacks Investment Research·Oct 22, 2026
SYF or FUTU: Which Is the Better Value Stock Right Now?

Investors interested in stocks from the Financial - Miscellaneous Services sector have probably already heard of Synchrony (SYF) and Futu Holdings Limited Sponsored ADR (FUTU). But which of these two stocks is more attractive to value investors?

GlobeNewsWire·Oct 19, 2026
Moomoo Extends Options Trading Hours* with Pre-Market and Post-Close Sessions

Moomoo, a leading global investment and trading platform, today announced the launch of extended trading hours for U.S. listed options on its platform.

Filtered for Futu Holdings LimitedMore Headlines
04

Compare before deciding

Benchmark FUTU against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Futu Holdings Limited (FUTU)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FUTU logoFUTUFutu Holdings LimitedCurrent
$98.06$13.69B9.6867.83%43.79%28.19%1.98%
TIGR logoTIGRUP Fintech Holding Ltd. Sponsored ADR Class A
$3.90$713.94M6.3863.31%18.38%12.99%—
IBKR logoIBKRInteractive Brokers Group, Inc.
$75.82$33.78B29.2417.33%16.84%5.4%0.39%
HOOD logoHOODRobinhood Markets, Inc.
$80.91$72.74B37.1552.82%39.34%20.64%—
PFSI logoPFSIPennyMac Financial Services, Inc.
$65.59$3.41B14.5255.29%5.44%5.54%1.77%
SCHW logoSCHWThe Charles Schwab Corporation
$91.49$159.11B14.9022.01%38.16%21.29%1.43%

Compare FUTU vs Peers

Futu Holdings Limited (FUTU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TIGR

Most directly comparable listed peer for FUTU.

Scale Benchmark

vs SCHW

Larger-name benchmark to compare FUTU against a more recognizable public peer.

Peer Set

Compare Top 5

vs TIGR, IBKR, HOOD, PFSI

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FUTU Frequently Asked Questions

Futu Holdings Limited (FUTU) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Futu Holdings Limited growing?

Futu Holdings Limited (FUTU) grew revenue by 42.1% over the trailing twelve months, compared with the twelve months before.

Is FUTU profitable?

Yes. Futu Holdings Limited (FUTU) earned $11.12B in net income over the trailing twelve months (a 43.8% net margin).

Dividend & Returns
Does FUTU pay dividends?

Yes. Futu Holdings Limited (FUTU) pays a dividend that yields 1.98% at the current price, a moderate yield.

What is FUTU's return on equity?

Futu Holdings Limited (FUTU) had a return on equity (ROE) of 28.2% over the trailing twelve months. That is well above the market's typical 10-15%.

Industry Metrics
What is Futu Holdings Limited's net interest margin?

Futu Holdings Limited (FUTU) has a net interest margin (NIM) of 4.6%. This indicates healthy earnings from lending activities.

What is Futu Holdings Limited's efficiency ratio?

Futu Holdings Limited (FUTU) has an efficiency ratio of 25.5%. This is excellent, indicating strong cost control.

What if you invested $1,000 in FUTU back in 2016?

Total return calculator · dividends reinvested · 10+ years of data

See returns →