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

Futu Holdings' Cost of Revenue history runs 8 years deep, the most recent figure standing at $19.3 million for Q4 2025.

• In Q4 2025, Cost of Revenue changed 0.25% year-over-year to $19.3 million; the TTM figure through Dec 2025 stood at $74.2 million (up 18.71% YoY), while the FY2025 annual figure was $378.0 million, up 20.08% from the prior year.
• Cost of Revenue for Q4 2025 stood at $19.3 million, down from $20.5 million in the prior quarter.
• The five-year high for Cost of Revenue was $20.5 million in Q3 2025, with the low at $7.0 million in Q2 2021.
• The 5-year median for Cost of Revenue is $12.4 million (2022), against an average of $13.3 million.
• The sharpest annual moves came in 2021 and 2023: Cost of Revenue surged 100.07% in 2021, then slipped 5.62% in 2023.
• Futu Holdings' Cost of Revenue stood at $9.4 million in 2021, then surged by 30.78% to $12.3 million in 2022, then gained by 7.5% to $13.3 million in 2023, then surged by 46.11% to $19.4 million in 2024, then fell by 0.25% to $19.3 million in 2025.
• Business Quant data shows FUTU's Cost of Revenue at $19.3 million in Q4 2025, $20.5 million in Q3 2025, and $16.9 million in Q2 2025.