eToro (ETOR) Gross Margin (2024 - 2026)
eToro (ETOR) posted Gross Margin of 3.99% for Q2 2026, down 1.99% on a QoQ basis from 4.07% in Q1 2026, and up 228.0% year-over-year from 1.22% in Q2 2025.
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eToro (ETOR) Gross Margin (2024 - 2026) Analysis & Trends
eToro has reported Gross Margin for 3 years, with the latest figure at 3.99% in Q2 2026.
- On a quarterly basis, Gross Margin rose 228.0% year-over-year to 3.99% in Q2 2026; TTM through Jun 2026 was 2.58%, a 75.0% increase from a year earlier, with the FY2025 full-year figure at 1.83%, down 11.0% from the prior year.
- Gross Margin was 3.99% for Q2 2026 at eToro, down from 4.07% in the prior quarter.
- The five-year high for Gross Margin was 4.07% in Q1 2026, with the low at 1.56% in Q4 2024.
- Average Gross Margin over 3 years is 2.39%, with a median of 1.99% recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Gross Margin sank 118 bps in 2025, then jumped 228 bps in 2026.
- Over 3 years, Gross Margin stood at 1.56% in 2024, then gained by 30 bps to 2.02% in 2025, then soared by 97 bps to 3.99% in 2026.
- The last three Gross Margin figures came in at 3.99% (Q2 2026), 4.07% (Q1 2026), and 2.02% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.20 Bn | 83.88 Bn | 1.20 Bn | 92.05% |
| 2 | Interactive Brokers | 41.17 Bn | -6.79 Bn | - | - |
| 3 | LPL Financial Holdings | 27.86 Bn | 25.16 Bn | - | - |
| 4 | Futu Holdings | 15.80 Bn | -3.84 Bn | 792.50 Mn | 86.31% |
| 5 | UP Fintech Holding | 12.81 Bn | 12.81 Bn | - | - |
| 6 | Xp | 10.32 Bn | 5.47 Bn | 105.39 Mn | 27.10% |
| 7 | Webull | 4.83 Bn | 2.90 Bn | 85.87 Mn | 43.19% |
| 8 | eToro | 2.53 Bn | 1.57 Bn | 63.50 Mn | 3.99% |
| 9 | Solowin Holdings | 402.47 Mn | 383.36 Mn | - | - |
| 10 | TOP Financial | 127.44 Mn | 82.47 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.99% |
| Mar 31, 2026 | 4.07% |
| Dec 31, 2025 | 2.02% |
| Sep 30, 2025 | 1.67% |
| Jun 30, 2025 | 1.70% |
| Mar 31, 2025 | 1.88% |
| Dec 31, 2024 | 1.56% |
| Sep 30, 2024 | 2.85% |
| Jun 30, 2024 | 1.96% |
| Mar 31, 2024 | 2.18% |