eToro (ETOR) Operating Margin (2024 - 2026)
eToro (ETOR) posted Operating Margin of 1.9% for Q2 2026, down 16796.06% on a QoQ basis from 0.01% in Q1 2026, and up 229.0% year-over-year from 0.58% in Q2 2025.
Powered by 
Analysis
eToro (ETOR) Operating Margin (2024 - 2026) Analysis & Trends
eToro has reported Operating Margin for 3 years, with the latest figure at 1.9% in Q2 2026.
- On a quarterly basis, Operating Margin rose 229.0% year-over-year to 1.9% in Q2 2026; TTM through Jun 2026 was 0.64%, a 49.0% increase from a year earlier, with the FY2025 full-year figure at 1.1%, down 19.0% from the prior year.
- Operating Margin was 1.9% for Q2 2026 at eToro, down from 0.01% in the prior quarter.
- The five-year high for Operating Margin was 0.01% in Q1 2026, with the low at 4.2% in Q2 2025.
- Average Operating Margin over 3 years is 1.36%, with a median of 0.58% recorded in 2025.
- The sharpest annual moves came in 2025 and 2026: Operating Margin tumbled 128 bps in 2025, then surged 229 bps in 2026.
- Over 3 years, Operating Margin stood at 0.16% in 2024, then tumbled by 213 bps to 0.51% in 2025, then plunged by 272 bps to 1.9% in 2026.
- The last three Operating Margin figures came in at 1.9% (Q2 2026), 0.01% (Q1 2026), and 0.51% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.20 Bn | 83.88 Bn | 1.20 Bn | 35.93% |
| 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 | 61.99% |
| 5 | UP Fintech Holding | 12.81 Bn | 12.81 Bn | - | 31.17% |
| 6 | Xp | 10.32 Bn | 5.47 Bn | 105.39 Mn | 113.62% |
| 7 | Webull | 4.83 Bn | 2.90 Bn | 85.87 Mn | 31.48% |
| 8 | eToro | 2.53 Bn | 1.57 Bn | 63.50 Mn | -1.90% |
| 9 | Solowin Holdings | 402.47 Mn | 383.36 Mn | - | - |
| 10 | TOP Financial | 127.44 Mn | 82.47 Mn | - | -35.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.90% |
| Mar 31, 2026 | -0.01% |
| Dec 31, 2025 | -0.51% |
| Sep 30, 2025 | -0.66% |
| Jun 30, 2025 | -4.20% |
| Mar 31, 2025 | -0.47% |
| Dec 31, 2024 | -0.16% |
| Sep 30, 2024 | -2.27% |
| Jun 30, 2024 | -2.92% |
| Mar 31, 2024 | -0.47% |