Futu Holdings (FUTU) Cost of Revenue (2018 - 2025)

Futu Holdings (FUTU) has reported Cost of Revenue for 8 consecutive years, with $65.1 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Cost of Revenue rose 8.96% year-over-year to $65.1 million; the TTM figure through Dec 2025 stood at $254.0 million (up 40.41% YoY), while the FY2025 annual figure was $74.3 million, up 18.59% from the prior year.
• Cost of Revenue came in at $65.1 million for Q4 2025 at Futu Holdings, down from $75.3 million in the prior quarter.
• The five-year high for Cost of Revenue was $75.3 million in Q3 2025, with the low at $18.0 million in Q1 2023.
• Average Cost of Revenue over 5 years is $40.9 million, with a median of $38.9 million recorded in 2024.
• Across the five-year window, Cost of Revenue soared 319.44% in 2021 and tumbled 54.58% in 2022, its largest moves.
• Year by year, Cost of Revenue stood at $43.2 million in 2021, then sank by 54.58% to $19.6 million in 2022, then rose by 19.05% to $23.4 million in 2023, then surged by 155.71% to $59.7 million in 2024, then increased by 8.96% to $65.1 million in 2025.
• According to Business Quant data, Cost of Revenue over the past three periods registered $65.1 million, $75.3 million, and $54.7 million for Q4 2025, Q3 2025, and Q2 2025 respectively.