FUTU Futu Holdings Limited
Price Chart
Executive Summary
Futu Q1 2026 revenue rose 24.7% YoY to HK$5.86B with strong account growth (+34.3% funded accounts), but net income plunged 61.2% due to a ~RMB1.85B CSRC regulatory penalty recognized in the quarter. Underlying operating income grew 31.5% and operating margin expanded to 60.3%, yet the penalty dominates headline results.
Key Financial Metrics
Actionable Insight
Underlying business momentum remains robust, but the CSRC penalty creates near-term overhang. Monitor final resolution and any appeals; the stock may price in the penalty but operational beat could support recovery. Watch for further regulatory updates and Q2 guidance.
Key Facts
- Total revenue HK$5,856M (+24.7% YoY); gross margin 87.2% (vs 84.0%)
- Net income HK$831M (-61.2% YoY) due to CSRC penalty of ~RMB1.85B
- Operating income HK$3,530M (+31.5% YoY); operating margin 60.3%
- Funded accounts up 34.3% YoY to 3.59M; total client assets HK$1.22T (+47.2%)
- CSRC administrative penalty proposed: confiscation + fines ~RMB1.85B, fully accrued in Q1
- Share repurchase program: US$418M of US$800M authorization executed as of May 27, 2026
Financial Impact
Regulatory penalty of ~RMB1.85B (~US$256M) reduces net income by >60%; underlying operational growth strong with revenue up ~25%.
Risk Factors
- CSRC penalty could increase or result in additional sanctions
- Regulatory uncertainty in China may affect investor sentiment
- Market volatility impacting trading volumes and client asset values
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3302546 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 4, 2026
10d ago
|
Press Release
| $95.78 $92.33 | ▼ −3.60% | ▼ −1.00% | $97.54 (+1.84%) |
|
May 28, 2026
18d ago
|
6-K
| $104.91 $104.07 | ▼ −0.80% | ▼ −1.04% | $97.54 (−7.03%) |
|
May 28, 2026
18d ago
|
Press Release
| $104.91 $104.07 | ▼ −0.80% | ▼ −1.04% | $97.54 (−7.03%) |
|
May 28, 2026
18d ago
|
Press Release
| $104.91 $104.07 | ▼ −0.80% | ▼ −1.04% | $97.54 (−7.03%) |
|
May 27, 2026
19d ago
|
Press Release
| $110.22 $104.91 | ▼ −4.82% | ▼ −5.37% | $97.54 (−11.50%) |
|
May 23, 2026
23d ago
|
Press Release
| $107.70 $110.22 | ▲ +2.34% | ▲ +2.33% | $97.54 (−9.43%) |
|
May 22, 2026
23d ago
|
6-K
| $89.76 $107.70 | ▼ −19.99% | ▼ −19.40% | $97.54 (−8.67%) |
|
May 19, 2026
27d ago
|
Press Release
| $124.50 $124.72 | ▲ +0.18% | ▼ −0.86% | $97.54 (−21.65%) |
|
Apr 15, 2026
8w ago
|
Press Release
| $162.12 $165.06 | ▲ +1.81% | ▲ +1.56% | $97.54 (−39.83%) |
|
Mar 27, 2026
11w ago
|
Press Release
| $131.83 $129.30 | ▼ −1.92% | ▼ −1.56% | $97.54 (−26.01%) |
US Market Status
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