TOP Financial Group Limited (TOP) Revenue History
Annual and quarterly revenue from 2019 to present
TOP Revenue Over Time (2019–2025)
TOP Revenue Growth History
3 of 6 years with positive growth- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- +53.0%
- FY2021 revenue growth
- +2.5%
- FY2022 revenue growth
- -53.7%
- FY2023 revenue growth
- +24.0%
- FY2024 revenue growth
- -17.1%
- FY2025 revenue growth
- -58.6%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2.9M | — |
| Q4 2025 | $1.5M | — |
| Q2 2025 | $1.8M | — |
| Q4 2024 | $888K | — |
| Q2 2024 | $7.1M | — |
| Q4 2023 | $4.5M | — |
| Q2 2023 | $5.2M | — |
| Q4 2022 | $4.6M | — |
TOP Revenue Analysis (2019–2025)
Current Revenue & Growth
As of June 28, 2026, TOP Financial Group Limited (TOP) generated trailing twelve-month (TTM) revenue of $7.1 million, reflecting explosive growth of +55.7% year-over-year. The most recent quarter (Q2 2026) recorded $2.9 million in revenue, up 93.0% sequentially.
Historical Growth Trajectory
TOP's 5-year compound annual growth rate (CAGR) stands at -27.4%, indicating revenue contraction over this period. The 3-year CAGR of -24.8% exceeds the 5-year average, indicating an acceleration in the most recent period. TOP Financial Group Limited's highest annual revenue of $16.9 million was recorded in 2021.
Peer Comparison
Compared to Financial Services sector peers — including FUTU, UP (-5.8% YoY), and TIGR — TOP has outperformed the peer group in revenue growth. Compare TOP vs FUTU →
TOP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TOPCurrent | $7M | +55.7% | -27.4% | -167.2% | |
 FUTU | $22.8B | - | - | 61.6% | |
 UP | $736M | -5.8% | +1.2% | -34.3% | |
 TIGR | $614M | - | - | 46.0% | |
 LSPD | $1.2B | +14.0% | +40.8% | -12.0% | |
 AMTD | $57M | - | - | 80.2% |
TOP Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.3M | - | $246K | 7.4% | $-5,566,824 | -167.2% |
| 2024 | $8.0M | - | $4.4M | 54.1% | $988K | 12.3% |
| 2023 | $9.7M | - | $5.9M | 60.5% | $3.4M | 35.4% |
| 2022 | $7.8M | - | $4.5M | 57.9% | $3.6M | 45.8% |
| 2021 | $16.9M | - | $6.0M | 35.2% | $5.1M | 30.3% |
| 2020 | $16.5M | - | $3.4M | 20.4% | $2.6M | 15.7% |
| 2019 | $10.8M | - | $10.8M | 100.0% | $1.5M | 14.2% |
Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
TOP — Frequently Asked Questions
Quick answers to the most common questions about buying TOP stock.
Is TOP's revenue growth accelerating or slowing?
TOP revenue growth is accelerating. TTM revenue reached $7M, up +55.7% year-over-year — ahead of the 5-year CAGR of -27.4%. This indicates the business is expanding faster than its historical baseline.
What is TOP's revenue history from 2019 to 2026?
TOP Financial Group Limited (TOP) revenue history spans 2019 to 2026. TTM revenue as of 2026 is $7M, growing at +55.7% YoY. The 5-year CAGR is -27.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is TOP's long-term revenue growth rate (CAGR)?
TOP Financial Group Limited's 5-year revenue CAGR of -27.4% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +55.7% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for TOP.
Why does TOP's quarterly revenue fluctuate?
TOP quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. TOP Financial Group Limited's revenue data from 2019 to 2026 shows full historical quarterly detail on this page.
How is TOP's revenue distributed by segment?
TOP reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does TOP's revenue compare to industry peers?
TOP Financial Group Limited (TOP) with TTM revenue of $7M and +55.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.