Futu Holdings Ltd's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Futu Holdings Ltd reported revenue of $22.8B (+68.1% year on year) and net income of $11.3B (+108.0% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Brokerage commission and handling charge income | $10.6B | $6.0B | $3.9B | $4.0B |
| Interest income | $10.4B | $6.7B | $5.5B | $3.2B |
| Other income | $1.8B | $878.5M | $527.2M | $392.1M |
| Total revenues | $22.8B | $13.6B | $10.0B | $7.6B |
| Brokerage commission and handling charge expenses | ($606.0M) | ($341.2M) | ($249.6M) | ($329.8M) |
| Interest expenses | ($1.8B) | ($1.6B) | ($910.8M) | ($292.5M) |
| Processing and servicing costs | ($578.5M) | ($486.8M) | ($375.9M) | ($373.8M) |
| Total costs | ($2.9B) | ($2.4B) | ($1.5B) | ($996.1M) |
| Total gross profit | $19.9B | $11.1B | $8.5B | $6.6B |
| Research and development expenses | ($1.9B) | ($1.5B) | ($1.4B) | ($1.2B) |
| Selling and marketing expenses | ($2.0B) | ($1.4B) | ($710.3M) | ($895.8M) |
| General and administrative expenses | ($1.9B) | ($1.6B) | ($1.3B) | ($931.1M) |
| Total operating expenses | ($5.8B) | ($4.5B) | ($3.5B) | ($3.0B) |
| Income from operations | $14.1B | $6.6B | $5.0B | — |
| Others, net | ($367.4M) | ($86.4M) | $33.4M | ($210.3M) |
| Income before income tax expenses and share of loss from equity method investments | $13.7B | $6.5B | $5.0B | $3.4B |
| Income tax expenses | ($2.4B) | ($998.3M) | ($748.5M) | ($414.0M) |
| Share of loss from equity method investments | ($51.6M) | ($103.9M) | ($13.5M) | ($17.8M) |
| Ordinary shareholders of the Company | $11.3B | $5.4B | $4.3B | $2.9B |
| Non-controlling interests | ($35.8M) | ($10.0M) | ($2.5M) | ($51.0K) |
| Net income | $11.3B | $5.4B | $4.3B | $2.9B |
| Changes in the fair value of financial assets | ($474.0K) | — | — | — |
| Foreign currency translation adjustment | $301.6M | ($200.2M) | ($203.0K) | ($123.8M) |
| Ordinary shareholders of the Company | $11.6B | $5.2B | $4.3B | $2.8B |
| Non-controlling interests | ($36.1M) | ($9.8M) | ($2.5M) | ($33.0K) |
| Total comprehensive income | $11.6B | $5.2B | $4.3B | $2.8B |
| Basic | $10.17 | $4.93 | $3.88 | $2.57 |
| Diluted | $10.03 | $4.86 | $3.82 | $2.54 |
| Basic | 1.1B | 1.1B | 1.1B | 1.1B |
| Diluted | 1.1B | 1.1B | 1.1B | 1.2B |
| Line item | Sep 30, 2022 · YTD |
|---|---|
| Brokerage commission and handling charge income | $3.0B |
| Interest income | $2.1B |
| Other income | $297.8M |
| Total revenues | $5.3B |
| Brokerage commission and handling charge expenses | ($265.8M) |
| Interest expenses | ($110.5M) |
| Processing and servicing costs | ($277.6M) |
| Total costs | ($654.0M) |
| Total gross profit | $4.7B |
| Research and development expenses | ($887.6M) |
| Selling and marketing expenses | ($742.7M) |
| General and administrative expenses | ($600.8M) |
| Total operating expenses | ($2.2B) |
| Others, net | ($219.2M) |
| Income before income tax expenses and share of loss from equity method investment | $2.2B |
| Income tax expenses | ($247.6M) |
| Share of loss from equity method investment | ($13.3M) |
| Net income | $2.0B |
| Net income attributable to ordinary shareholders of the Company | $2.0B |
| Foreign currency translation adjustment | ($126.6M) |
| Total comprehensive income | $1.8B |
| Basic | $1.72 |
| Diluted | $1.70 |
| Basic | 1.1B |
| Diluted | 1.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $10.5B | $11.7B | $4.9B | $5.0B |
| Cash held on behalf of clients | $113.4B | $68.6B | $44.4B | $50.7B |
| Restricted cash | $2.5M | $1.1M | $1.2M | $1.2M |
| Short-term investments | $6.7B | $2.4B | $3.1B | $675.1M |
| Securities purchased under agreements to resell | $507.8M | $316.3M | $133.0M | $32.0M |
| Loans and advances - current (net of allowance of HK$85,252 thousand and HK$374,604 thousand as of December 31, 2024 and 2025, respectively) | $64.6B | $49.7B | $32.5B | $26.7B |
| Clients | $838.5M | $534.1M | $293.5M | $513.4M |
| Brokers | $18.5B | $17.2B | $5.2B | $5.9B |
| Clearing organizations | $5.5B | $3.3B | $4.2B | $3.1B |
| Fund management companies and fund distributors | $2.0B | $1.2B | $151.7M | $79.1M |
| Interest | $852.2M | $597.5M | $268.5M | $254.3M |
| Amounts due from related parties | $6.8M | $61.2M | — | — |
| Prepaid assets | $78.0M | $63.5M | $54.7M | $28.5M |
| Other current assets | $225.5M | $160.3M | $135.5M | $102.3M |
| Total current assets | $223.7B | $155.9B | $95.4B | $93.1B |
| Operating lease right-of-use assets | $569.9M | $253.2M | $224.1M | $196.9M |
| Long-term investments | $615.2M | $573.2M | $238.6M | $239.7M |
| Loans and advances - non-current | $139.7M | $18.8M | $18.9M | $36.8M |
| Other non-current assets | $3.5B | $2.0B | $1.2B | $965.2M |
| Total non-current assets | $4.8B | $2.9B | $1.7B | $1.4B |
| Total assets | $228.4B | $158.8B | $97.1B | $94.5B |
| Amounts due to related parties | $67.1M | $79.1M | $69.0M | $52.7M |
| Clients | $125.2B | $72.4B | $48.8B | $57.2B |
| Brokers | $38.7B | $43.7B | $15.6B | $11.8B |
| Clearing organizations | $751.0M | $503.4M | $24.1M | $51.9M |
| Fund management companies and fund distributors | $1.3B | $507.1M | $175.6M | $90.8M |
| Interest | $62.5M | $87.0M | $44.1M | $9.9M |
| Borrowings | $12.1B | $5.7B | $5.7B | $2.5B |
| Securities sold under agreements to repurchase | $4.7B | $2.6B | — | — |
| Lease liabilities - current | $200.1M | $144.4M | $114.7M | $109.4M |
| Accrued expenses and other current liabilities | $4.5B | $4.9B | $1.9B | $1.7B |
| Total current liabilities | $187.7B | $130.6B | $72.4B | $73.5B |
| Lease liabilities - non-current | $393.8M | $132.9M | $123.3M | $101.7M |
| Other non-current liabilities | $21.9M | $8.1M | $12.2M | $13.6M |
| Total non-current liabilities | $415.7M | $141.0M | $135.5M | $115.3M |
| Total liabilities | $188.1B | $130.8B | $72.6B | $73.6B |
| Ordinary shares | 100.0K | 99.0K | 98.0K | 97.0K |
| Additional paid-in capital | $19.2B | $18.8B | $18.5B | $18.2B |
| Treasury stock (144,498,392 and 144,498,392 shares as of December 31, 2024 and 2025, respectively) | -5.2B | -5.2B | -5.2B | -4.3B |
| Accumulated other comprehensive (loss)/income | $51.5M | ($249.9M) | ($49.4M) | ($47.8M) |
| Retained earnings | $26.0B | $14.7B | $11.4B | $7.1B |
| Total shareholders' equity | $40.0B | $28.0B | $24.6B | $20.9B |
| Non-controlling interests | $319.9M | ($6.8M) | $3.0M | $235.0K |
| Total equity | $40.3B | $28.0B | $24.6B | $20.9B |
| Total liabilities and equity | $228.4B | $158.8B | $97.1B | $94.5B |
| Line item | Sep 30, 2022 |
|---|---|
| Cash and cash equivalents | $6.9B |
| Cash held on behalf of clients | $52.7B |
| Term deposit | $5.5M |
| Restricted cash | $1.9M |
| Short-term investments | $13.4M |
| Securities purchased under agreements to resell | $22.3M |
| Loans and advances-current (net of allowance of HK$12,258 thousand and HK$25,913 thousand as of December 31, 2021 and September 30, 2022, respectively) | $29.7B |
| Clients | $271.9M |
| Brokers | $5.1B |
| Clearing organizations | $1.6B |
| Fund management companies and fund distributors | $80.6M |
| Interest | $146.3M |
| Prepaid assets | $25.7M |
| Other current assets | $110.2M |
| Total current assets | $96.6B |
| Operating lease right-of-use assets | $200.0M |
| Long-term investments | $245.7M |
| Loans and advances - non-current | $37.0M |
| Other non-current assets | $943.1M |
| Total non-current assets | $1.4B |
| Total assets | $98.0B |
| Amounts due to related parties | $53.6M |
| Clients | $54.9B |
| Brokers | $12.2B |
| Clearing organizations | $2.1B |
| Fund management companies and fund distributors | $71.1M |
| Interest | $15.3M |
| Borrowings | $6.5B |
| Operating lease liabilities - current | $105.5M |
| Accrued expenses and other current liabilities | $1.7B |
| Total current liabilities | $77.7B |
| Operating lease liabilities - non-current | $107.7M |
| Other non-current liabilities | $20.7M |
| Total non-current liabilities | $128.5M |
| Total liabilities | $77.8B |
| Ordinary shares | 96.0K |
| Additional paid-in capital | $18.1B |
| Treasury stock (29,462,760 and 110,839,528 shares as of December 31, 2021 and September 30, 2022 , respectively) | -4.0B |
| Accumulated other comprehensive income | ($50.6M) |
| Retained earnings | $6.1B |
| Total shareholders' equity | $20.2B |
| Total liabilities and shareholders' equity | $98.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $11.3B | $5.4B | $4.3B | $2.9B |
| Depreciation and amortization | $72.3M | $69.9M | $60.8M | $54.7M |
| Expected credit loss expenses | $270.3M | $39.6M | $18.1M | $15.6M |
| Share of loss from equity method investments | $51.6M | $103.9M | $13.5M | $17.8M |
| Foreign exchange (gains)/losses | ($234.9M) | $150.4M | ($66.0M) | $133.1M |
| Share-based compensation | $343.0M | $334.9M | $290.8M | $204.5M |
| Realized gain from investments | ($78.5M) | ($99.9M) | — | — |
| Unrealized (gains)/ losses from investments | ($243.0M) | $81.4M | — | — |
| Revaluation gain on previously held equity interest | ($8.2M) | — | — | — |
| Deferred income tax benefit | ($79.0M) | ($18.0M) | ($14.8M) | ($52.1M) |
| Amortization of right-of-use assets | $150.7M | $105.6M | $110.4M | $94.9M |
| Realized loss from disposal of property and equipment and intangible assets | $13.2M | $31.1M | — | — |
| Net (increase)/decrease in amounts due from related parties | $54.4M | ($61.2M) | — | — |
| Net increase in securities purchased under agreements to resell | ($191.5M) | ($183.3M) | ($101.0M) | $74.2M |
| Net increase in loans and advances | ($13.9B) | ($17.2B) | ($5.9B) | $2.9B |
| Net decrease/(increase) in accounts receivable from clients and brokers | ($1.5B) | ($12.3B) | $945.7M | $1.9B |
| Net (increase)/decrease in accounts receivable from clearing organizations | ($2.2B) | $967.7M | ($1.2B) | ($1.1B) |
| Net increase in accounts receivable from fund management companies and fund distributors | ($786.6M) | ($1.1B) | ($72.6M) | ($6.7M) |
| Net decrease/(increase) in interest receivable | ($225.1M) | ($314.2M) | $9.7M | ($199.7M) |
| Net (increase)/decrease in prepaid assets | $8.6M | ($19.5M) | ($9.9M) | ($8.9M) |
| Net increase in other assets | ($1.1B) | ($941.3M) | ($287.5M) | ($445.9M) |
| Net increase/(decrease) in amounts due to related parties | ($11.9M) | $10.1M | $17.6M | $3.7M |
| Net (decrease)/ increase in accounts payable to clients and brokers | $44.9B | $51.7B | ($4.6B) | $2.3B |
| Net (decrease)/ increase in accounts payable to clearing organizations | $247.6M | $479.3M | ($27.8M) | ($341.9M) |
| Net increase in accounts payable to fund management companies and fund distributors | $769.2M | $331.5M | $84.8M | $34.1M |
| Net increase in payroll and welfare payable | $526.1M | $116.2M | $307.2M | $337.2M |
| Net increase/(decrease) in interest payable | ($35.0M) | $42.9M | $34.2M | ($5.5M) |
| Net decrease in operating lease liabilities | ($139.7M) | ($88.7M) | ($107.5M) | ($93.1M) |
| Net increase in securities sold under agreements to repurchase | $2.2B | $2.6B | — | ($4.5B) |
| Net (decrease)/increase in other liabilities | $767.1M | $724.7M | ($50.7M) | ($843.3M) |
| Net cash (used in)/generated from operating activities | $40.8B | $31.0B | ($6.3B) | $3.5B |
| Purchase of property and equipment and intangible assets | ($54.7M) | ($167.5M) | ($77.8M) | ($90.5M) |
| Purchase of short-term investments | ($3.3B) | ($796.4M) | ($4.8B) | ($4.1B) |
| Proceeds from disposal of short-term investments | $1.5B | $1.5B | $2.4B | $4.6B |
| Acquisition of long-term investments | ($381.3M) | ($440.0M) | ($11.8M) | ($235.4M) |
| Maturity of term deposits | $5.0M | — | $29.9M | — |
| Cash (paid)/acquired for acquisitions, net of cash acquired | $476.7M | ($1.7M) | ($17.5M) | ($109.5M) |
| Net cash (used in)/ generated from investing activities | ($1.8B) | $103.9M | ($2.4B) | $93.9M |
| Proceeds from exercise of employee share options | $7.9M | $20.2M | $11.6M | $16.3M |
| Dividends distribution | ($2.2B) | — | — | — |
| Proceeds from other borrowings | $197.4B | $85.5B | $79.6B | $70.8B |
| Repayment of other borrowings | ($190.9B) | ($85.5B) | ($76.4B) | ($74.7B) |
| Net cash generated from financing activities | $4.3B | $70.9M | $2.3B | ($7.0B) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | $235.9M | ($149.9M) | $66.4M | ($135.2M) |
| Net (decrease)/ increase in cash, cash equivalents and restricted cash | $43.5B | $31.0B | ($6.4B) | ($3.6B) |
| Line item | Sep 30, 2022 · YTD |
|---|---|
| Net income | $2.0B |
| Depreciation and amortization | $41.0M |
| Expected credit loss expenses | $13.6M |
| Share of loss from equity method investment | $13.3M |
| Impairment from other non-current assets | $62.6M |
| Foreign exchange (gains) | $101.5M |
| Share-based compensation | $148.7M |
| Realized gain from short-term investments | ($16.9M) |
| Fair value losses | $9.0M |
| Deferred income tax benefit | ($11.7M) |
| Amortisation of right-of-use assets | $65.9M |
| Net (increase)/decrease in securities purchased under agreements to resell | $83.9M |
| Net increase in loans and advances | ($184.0M) |
| Net (increase)/decrease in accounts receivable from clients and brokers | $3.0B |
| Net decrease in accounts receivable from clearing organizations | $364.0M |
| Net decrease/(increase) in accounts receivable from fund management companies and fund distributors | ($8.2M) |
| Net increase in interest receivable | ($95.5M) |
| Net increase in prepaid assets | ($5.5M) |
| Net increase in other assets | ($465.0M) |
| Net (decrease)/increase in amounts due to related parties | $4.6M |
| Net increase in accounts payable to clients and brokers | $453.2M |
| Net increase in accounts payable to clearing organizations | $1.7B |
| Net (decrease)/increase in accounts payable to fund management companies and fund distributors | $14.5M |
| Net (decrease)/increase in payroll and welfare payable | $161.4M |
| Net increase/(decrease) in interest payable | ($19.0K) |
| Net decrease in operating lease liabilities | ($71.9M) |
| Net decrease in securities sold under agreements to repurchase | ($4.5B) |
| Net increase/(decrease) in other liabilities | ($688.3M) |
| Net cash (used in)/generated from operating activities | $2.2B |
| Purchase of property and equipment and intangible assets | ($75.5M) |
| Purchase of short-term investments | ($3.4B) |
| Proceeds from disposal of short-term investments | $4.6B |
| Acquisition of long-term investments | ($235.4M) |
| Cash paid for acquisition, net of cash acquired | ($102.0M) |
| Net cash generated from investing activities | $770.0M |
| Proceeds from exercise of employee share options | $13.4M |
| Purchase of treasury stock | ($2.8B) |
| Proceeds from other borrowings | $55.5B |
| Repayment of other borrowings | ($55.3B) |
| Payment of other financing expenses | ($8.1M) |
| Net cash generated from/(used in) financing activities | ($2.6B) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($108.1M) |
| Net increase in cash, cash equivalents and restricted cash | $238.3M |
| Cash and cash equivalents at beginning of the period | $59.3B |
| Cash and cash equivalents at end of the period | $59.5B |
Futu Holdings Ltd score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.