Futu Doubles Profit in 2025, Eyes AI and Crypto for Future Growth

HONG KONG – March 12, 2026 – Futu Holdings Limited (Nasdaq: FUTU) capped off a remarkable fiscal year, announcing financial results that not only shattered analyst expectations but also signaled a doubling-down on the technological innovation that has fueled its rapid ascent. The tech-driven brokerage reported its unaudited results for the fourth quarter and full year 2025, revealing that its full-year net income skyrocketed by 108.0% to HK$11.3 billion (US$1.45 billion).

Total revenues for 2025 surged 68.1% year-over-year to HK$22.85 billion (US$2.94 billion), underscoring a period of explosive expansion for the company. The impressive financial performance was underpinned by robust growth in its user base and assets under management. The total number of funded accounts swelled by nearly 40% to 3.4 million, while total client assets saw a 65.9% increase to HK$1.23 trillion by the end of the year.

Despite the strong results, the company's stock saw a modest dip in pre-market trading, a move analysts suggest may be due to profit-taking after a significant rally leading up to the announcement. Nonetheless, the broader sentiment from Wall Street remains overwhelmingly positive, with a consensus “Strong Buy” rating and a recent upgrade from Goldman Sachs in February 2026.

Global Expansion and Market Leadership

Futu’s growth story in 2025 was one of aggressive and successful international expansion. “In 2025, we added over 954 thousand net new funded accounts, bringing total funded accounts to 3.4 million, up 39.6% year-over-year,” said Mr. Leaf Hua Li, Futu’s Chairman and Chief Executive Officer. “Robust growth was broad-based in 2025, led by strong client additions from Hong Kong and Malaysia.”

This expansion has solidified the company’s leadership in Hong Kong and resulted in significant market share gains in newer territories like Malaysia. A key part of this strategy has been the localization of its product offerings. In 2025, Futu introduced high-dividend funds in Hong Kong, launched domestic equity-focused funds in Singapore, and rolled out Shariah-compliant gold tracker funds in Malaysia, which were reportedly well-received.

However, the year was not without its challenges. The firm navigated a choppy equity market, particularly in Hong Kong. A sharp downturn in the Hong Kong stock market led to a sequential deceleration in client growth in the region. Mr. Li noted that the depreciation of clients’ Hong Kong stock holdings weighed on overall client assets in the fourth quarter. Trading volume in Hong Kong stocks declined 31.0% quarter-over-quarter amid what the company described as “subdued investor interests in China technology names.”

This downturn was offset by surging interest in other markets. Trading in U.S. stocks proved to be a powerful engine, with volume growing 17.1% sequentially to HK$3.04 trillion in the fourth quarter. The company attributed this primarily to “heightened client interests in companies across the AI value chain,” indicating its user base is actively participating in major global technology trends.

A Future Forged in AI and Crypto

Beyond its impressive current growth, Futu is making significant investments in what it sees as the future of finance. The company’s research and development expenses rose 27.8% in 2025 to HK$1.91 billion, with the increase primarily earmarked for “crypto and AI-related initiatives.”

These investments are already bearing fruit through the Futubull and Moomoo platforms. The company has rolled out AI-driven trading tools, including AI-powered algorithmic trading and AI-generated summaries to help users digest market information. These features underscore Futu’s identity as a technology company first and foremost, using innovation to differentiate itself in a crowded field.

Perhaps most significantly, Futu is making bold moves in the digital asset space. In 2025, it expanded its cryptocurrency offerings in Singapore and the United States. In a landmark move during the fourth quarter, Futu became one of the first brokerages to enable retail investors to trade on-chain public equities, bridging the gap between traditional finance and the emerging blockchain ecosystem.

All eyes are now on the company’s application for a Virtual Asset Trading Platform (VATP) license in Hong Kong. Securing this license is seen by analysts as a major potential catalyst, which would allow Futu to offer regulated crypto trading services in a key global financial hub that is actively building its digital asset framework.

The Road Ahead

Looking forward, Futu has set an ambitious target of adding another 800,000 net new funded accounts in 2026. While slightly more conservative than its 2025 performance, the guidance reflects confidence in its continued ability to attract clients globally. The company's operational efficiency was on full display, with its gross profit margin expanding to 87.1% for the full year.

Futu’s journey illustrates a larger trend in the global fintech landscape: the convergence of technology, diverse financial products, and global market access on a single platform. By successfully navigating the complexities of international markets and investing heavily in next-generation technologies like AI and blockchain, the company has positioned itself not just as a successful online broker, but as a potential architect of the future of investing.