eToro (ETOR) Research & Development (2024 - 2026)
eToro (ETOR) posted Research & Development of $33.8 million for Q2 2026, down 17.66% on a QoQ basis from $41.1 million in Q1 2026, and down 12.92% year-over-year from $38.9 million in Q2 2025.
Analysis
eToro (ETOR) Research & Development (2024 - 2026) Analysis & Trends
eToro has reported Research & Development for 3 years, with the latest figure at $33.8 million in Q2 2026.
- On a quarterly basis, Research & Development fell 12.92% year-over-year to $33.8 million in Q2 2026; TTM through Jun 2026 was $150.7 million, a 8.72% increase from a year earlier, with the FY2025 full-year figure at $151.2 million, up 15.39% from the prior year.
- Research & Development was $33.8 million for Q2 2026 at eToro, down from $41.1 million in the prior quarter.
- The five-year high for Research & Development was $41.1 million in Q1 2026, with the low at $31.1 million in Q3 2024.
- Average Research & Development over 3 years is $35.7 million, with a median of $35.7 million recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Research & Development gained 21.72% in 2025, then retreated 12.92% in 2026.
- Over 3 years, Research & Development stood at $32.0 million in 2024, then increased by 18.37% to $37.9 million in 2025, then retreated by 10.65% to $33.8 million in 2026.
- The last three Research & Development figures came in at $33.8 million (Q2 2026), $41.1 million (Q1 2026), and $37.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.20 Bn | 83.88 Bn | 1.20 Bn | 256.00 Mn |
| 2 | Interactive Brokers | 41.17 Bn | -6.79 Bn | - | - |
| 3 | LPL Financial Holdings | 27.86 Bn | 25.16 Bn | - | 26.20 Mn |
| 4 | Futu Holdings | 15.80 Bn | -3.84 Bn | 792.50 Mn | -63.89 Mn |
| 5 | UP Fintech Holding | 12.81 Bn | 12.81 Bn | - | - |
| 6 | Xp | 10.32 Bn | 5.47 Bn | 105.39 Mn | - |
| 7 | Webull | 4.83 Bn | 2.90 Bn | 85.87 Mn | 22.16 Mn |
| 8 | eToro | 2.53 Bn | 1.57 Bn | 63.50 Mn | 33.83 Mn |
| 9 | Solowin Holdings | 402.47 Mn | 383.36 Mn | - | - |
| 10 | TOP Financial | 127.44 Mn | 82.47 Mn | - | 80,651.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.83 Mn |
| Mar 31, 2026 | 41.09 Mn |
| Dec 31, 2025 | 37.87 Mn |
| Sep 30, 2025 | 37.91 Mn |
| Jun 30, 2025 | 38.85 Mn |
| Mar 31, 2025 | 36.62 Mn |
| Dec 31, 2024 | 31.99 Mn |
| Sep 30, 2024 | 31.14 Mn |
| Jun 30, 2024 | 34.77 Mn |
| Mar 31, 2024 | 33.17 Mn |