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Futu Holdings Limited
NASDAQ: FUTU Financials Cap Markets 🔎 Screen
🏹 Trader: 📊 High Volume View all →
$17.2B
Market Cap
15.9
P/E
0.35
PEG
37.0%
ROCE
33.2%
ROE
0.43
D/E
66.8%
OPM
-35.9%
% from 52W High
24
α RS
🔍 FUTU is showing a high-conviction setup because it matches 26 of 37 tracked screener presets and an ECS of 72.2 last quarter. Net: Partial signal stack, not a recommendation. ? Conviction ECS
Sources
Conviction 26/37 · ECS 72.2
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🌏 Global Investor Returns
Currency-adjusted total returns for FUTU including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Futu Holdings Limited engages in the provision of digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding FUTU
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 671.0K $91.8M 0.14% Mar 2026
Steve Cohen Point72 Asset Management 333.5K $45.6M 0.06% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →
📊 MIXED Futu added 225k net new funded accounts in Q1, total 3.59M.
Revenue & Profitability
Total revenue was HKD 5.9 billion, up 25% YoY. Brokerage commission and handling charge income was HKD 2.6B (up 14% YoY). Interest income was HKD 2.7B (up 28% YoY). Other income was HKD 564M (up 80% YoY). Net income was HKD 831M, down 61% YoY due to an administrative penalty of ~RMB 1.85 billion, but would have been HKD 2.9B up 36% YoY without it. Income from operations was HKD 3.5B, up 31% YoY.
Outlook
Management sees huge potential in Hong Kong and Singapore, with trillions of HKD in resident wealth; Futu's total client assets are just over HKD 1 trillion. Macro tailwinds include influx of HNW individuals to Hong Kong and AI investment themes. Headwinds include regulatory updates from CSRC and SFC regarding cross-border activities, but management expects no material impact on full-year guidance.
Growth Drivers
Key growth levers: Malaysia led client additions with effective US equity marketing; Singapore delivered double-digit sequential growth in net new funding accounts; Japan saw US options contract volume double. New products like prediction markets and crypto exchange (PantherTrade) are expanding. Wealth management AUM grew 28% YoY to HKD 178.4B. Korean stock trading is planned to launch in June.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Gross margin was 87.2% compared to 84% in Q1 2025. Operating margin increased to 30.3% from 57.2% (as stated in call), attributed to strong top-line growth and operating leverage. Net income margin was 14.2% due to the penalty; without it, net income margin would have been 49.9%. Selling & marketing expenses increased 21% YoY due to higher customer acquisition costs.
Key Risks
Key risks: regulatory updates from CSRC and SFC regarding cross-border securities activities; an administrative penalty of ~RMB 1.85 billion from CSRC Shenzhen Bureau; market volatility affecting client assets and trading volumes; potential impact on Mainland China client accounts (13% of funded accounts, 17% of assets, 20% of revenue) though no forced closures required.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q1 2026 Q1 2026 2026-05-28
Net new funding accounts and trading volumes reached record highs, with strong international growth and robust client asset inflows. Despite a one-time regulatory penalty impacting net income, underlying business fundamentals and expansion plans remain solid.
Q4 2025 Q4 2025 2026-03-12
Q4 and full year 2025 saw record client growth, revenues, and net income, with strong expansion in overseas markets and wealth management. Crypto and AI initiatives advanced, while Hong Kong and Malaysia led new account growth. Net income margin rose to 52.3%.
Q3 2025 Q3 2025 2025-11-18
Q3 2025 saw record growth in funded accounts, revenue, and net income, with strong performance across Hong Kong, Singapore, Malaysia, and the U.S. Crypto trading surged, and the company became the controlling shareholder of Airstar Bank. Operating and net income margins expanded significantly.
Q2 2025 Q2 2025 2025-08-20
Q2 saw record client asset growth, 41% year-over-year increase in funded accounts, and 70% revenue growth. International expansion accelerated, with over half of new clients outside Hong Kong, and crypto and wealth management segments delivered strong momentum.
Q1 2025 Q1 2025 2025-05-29
Q1 2025 saw record growth in funded accounts, revenue, and client assets, with strong performance across Hong Kong, U.S., Malaysia, and Japan. Futubull AI and new product launches drove engagement, while robust asset inflows and high client stickiness support a positive outlook.
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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