TOP Financial Group Limited (TOP) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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TOP Revenue Growth
TOP Revenue Analysis (2019–2025)
As of May 8, 2026, TOP Financial Group Limited (TOP) generated trailing twelve-month (TTM) revenue of $14.4 million, reflecting significant decline in growth of -74.2% year-over-year. The most recent quarter (Q2 2025) recorded $1.8 million in revenue, up 107.6% sequentially.
Looking at the longer-term picture, TOP's 5-year compound annual growth rate (CAGR) stands at -27.4%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $16.9 million in 2021.
When compared to Financial Services sector peers including FUTU, UP (-7.0% YoY), and TIGR, TOP has underperformed the peer group in terms of 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 | $14M | -74.2% | -27.4% | -167.2% | |
 FUTU | $13.6B | - | - | 48.7% | |
 UP | $736M | -7.0% | +1.2% | -34.3% | |
 TIGR | $392M | - | - | 35.6% | |
 LSPD | $1.1B | +13.4% | +54.9% | -64.6% | |
 AMTD | $54M | - | - | 48.2% |
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% |
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Start ComparisonTOP — Frequently Asked Questions
Quick answers to the most common questions about buying TOP stock.
Is TOP's revenue growth accelerating or slowing?
TOP revenue declined -74.2% year-over-year, contrasting with the 5-year CAGR of -27.4%. TTM revenue fell to $14M. This reverses the prior growth trend.
What is TOP's long-term revenue growth rate?
TOP Financial Group Limited's 5-year revenue CAGR of -27.4% reflects the variable expansion pattern. Current YoY growth of -74.2% is below this long-term average.
How is TOP's revenue distributed by segment?
TOP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.