ETOR eToro Group Ltd.
Price Chart
Executive Summary
eToro reported Q1 2026 GAAP diluted EPS of $0.86 (vs consensus $0.70, beat by 22.9%) and total revenue of $2.44B. Net Contribution rose 19% YoY to $258M, GAAP net income increased 37% to $82M, and Adjusted EBITDA grew 35% to $109M. The strong beat was driven by a surge in commodities trading (60% of trading commissions, volumes up ~4x YoY), with funded accounts up 12% to 4.02M and AUA up 15% to $17.0B.
Key Financial Metrics
Actionable Insight
The Q1 beat and accelerating April KPIs (capital markets trades +50% YoY, AUA +19%) signal strong momentum entering Q2. The Zengo acquisition expands crypto wallet capabilities. Monitor Q2 guidance on the earnings call — if management raises the full-year outlook, the stock could re-rate higher. The $101M buyback in Q1 suggests management confidence.
Key Facts
- GAAP diluted EPS $0.86 vs consensus $0.70 — beat by 22.9%
- Total revenue $2.44B (includes $2.15B cryptoasset revenue); Net Contribution $258M, +19% YoY
- GAAP net income $82M, +37% YoY; Adjusted EBITDA $109M, +35% YoY
- Commodities trading accounted for ~60% of trading commissions; volumes nearly 4x YoY
- Funded accounts 4.02M, +12% YoY; AUA $17.0B, +15% YoY
- April 2026 KPIs: AUA $18.7B (+19% YoY), funded accounts 4.07M (+13% YoY), capital markets trades 63M (+50% YoY)
- Acquisition of Zengo (self-custodial crypto wallet) closed April 30, 2026
- Cash & equivalents $1.3B; $101M spent on treasury share repurchases in Q1
Financial Impact
EPS beat consensus by $0.16 (22.9%); Net Contribution beat implied consensus by ~$25M (10.7%); Adjusted EBITDA $109M vs $80M YoY
Risk Factors
- Cryptoasset revenue ($2.15B) is volatile and tied to market conditions; cost of crypto revenue was $2.17B, leaving thin net contribution from crypto
- Invested amount per trade in capital markets fell 48% YoY to $197, indicating smaller trade sizes despite higher volume
- Crypto trades in April fell 32% YoY — crypto engagement may be softening
- Regulatory risks (BitLicense, global crypto rules) and Israel conflict exposure
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3292651 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
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May 29, 2026
14d ago
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6-K
| $41.67 $38.23 | ▼ −8.26% | ▼ −5.51% | $38.52 (−7.56%) |
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May 18, 2026
25d ago
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Insider Cluster
| $40.72 $39.33 | ▼ −3.41% | ▼ −5.03% | $38.52 (−5.40%) |
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May 14, 2026
4w ago
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144
| $41.58 $39.61 | ▼ −4.74% | ▼ −4.02% | $38.52 (−7.36%) |
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May 12, 2026
4w ago
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6-K
| $37.61 $40.72 | ▲ +8.27% | ▲ +8.19% | $38.52 (+2.42%) |
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May 12, 2026
4w ago
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Press Release
| $37.61 $40.72 | ▲ +8.27% | ▲ +8.19% | $38.52 (+2.42%) |
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Apr 21, 2026
7w ago
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6-K
| $37.36 $36.60 | ▼ −2.03% | ▼ −3.12% | $38.52 (+3.10%) |
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Apr 15, 2026
8w ago
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Press Release
| $36.93 $37.65 | ▲ +1.95% | ▲ +0.31% | $38.52 (+4.31%) |
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Apr 9, 2026
9w ago
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Press Release
| $32.06 $38.00 | ▲ +18.53% | ▲ +15.34% | $38.52 (+20.15%) |
US Market Status
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