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Investing.com - Futu Holdings Limited (NASDAQ:FUTU) shares jumped 3.1% on Tuesday after the tech-driven online brokerage reported third-quarter earnings that significantly exceeded analyst expectations, driven by record trading volumes and strong client growth across all markets.
The company reported adjusted earnings of HK$22.80 per ADS for the quarter ended September 30, 2025, handily beating the analyst consensus of HK$18.00. Revenue surged 86.3% year-over-year to HK$6.4 billion, well above the HK$4.36 billion analysts had expected.
Total trading volume reached a record HK$3.90 trillion, up 104.8% from the same period last year.
"In the third quarter, we added 254 thousand net new funded accounts, up 24.7% quarter-over-quarter," said Leaf Hua Li, Futu’s Chairman and Chief Executive Officer. "Total funded accounts reached 3.1 million, up 42.6% year-over-year and 8.8% quarter-over-quarter. Client acquisition picked up in every market."
The company’s total client assets increased 78.9% year-over-year to HK$1.24 trillion, driven by mark-to-market gains and robust net asset inflow. Brokerage commission and handling charge income jumped 90.6% to HK$2.91 billion, while interest income rose 79.2% to HK$3.05 billion.
Hong Kong stock trading volume surged 42.9% sequentially to HK$1.19 trillion, accounting for 31% of total trading volume, the highest percentage since 2023. Crypto trading volume soared 161% quarter-over-quarter, with Ethereum overtaking Bitcoin as the most traded coin.
Looking ahead, Futu’s board of directors has authorized a new share repurchase program under which the company may repurchase up to US$800 million worth of its ADSs over a 24-month period until December 31, 2027, following the expiration of its current repurchase program.
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