Futu Holdings (FUTU) on Tuesday delivered Q3 2025 earnings and revenue that breezed past the Wall Street consensus estimates against a backdrop of market appreciation.
The Hong Kong-based online brokerage said its board has authorized a new share buyback program of up to $800M worth of its American depository receipts, following the expiration of the current repurchase program, for a 24-month period until Dec. 31, 2027.
Q3 GAAP EPS of HK$22.80 (US$2.93), exceeding the HK$18.14 average analyst estimate, jumped from HK$9.42 in the year-ago quarter.
Revenue of HK$6.41B (US$822.9M in Q3), vs. HK$5.56B expected, climbed from HK$3.44B in Q3 2024.
FUTU shares ticked down 0.1% in afternoon trading.
Total number of funded accounts totaled 3.13M at Sept. 30, 2025, up 42.6% from a year earlier. Brokerage accounts gained 30.8% Y/Y to 5.61M. Aggregate users totaled 28.2%, up 16.8% Y/Y.
“Client acquisition picked up in every market,” Chairman and CEO Leaf Hua Li said in a statement. “For the fourth consecutive quarter, Hong Kong led new client additions as we executed well in a quarter of strong equity market performance and robust IPO pipeline.”
Total trading volume in Q3 rose by 104.8% Y/Y to HK$3.90T, in which trading volume for U.S. stocks was HK$2.60T, and trading volume for Hong Kong stocks was HK$1.19T.