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

Futu Holdings has reported Cost of Revenue for 8 years, with the latest figure at $65.1 million in Q4 2025.

• For the quarter ending Q4 2025, Cost of Revenue rose 8.96% year-over-year to $65.1 million; the trailing twelve-month figure through Dec 2025 stood at $254.0 million (up 40.41% YoY), and the FY2025 full-year result was $74.3 million, up 18.59% from the prior year.
• Cost of Revenue for Q4 2025 stood at $65.1 million, 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.
• Year-over-year, Cost of Revenue surged 319.44% in 2021 and slumped 54.58% in 2022.
• Tracing FUTU's Cost of Revenue over 5 years: stood at $43.2 million in 2021, then tumbled by 54.58% to $19.6 million in 2022, then grew by 19.05% to $23.4 million in 2023, then soared by 155.71% to $59.7 million in 2024, then climbed by 8.96% to $65.1 million in 2025.
• The last three Cost of Revenue figures came in at $65.1 million (Q4 2025), $75.3 million (Q3 2025), and $54.7 million (Q2 2025), per Business Quant data.

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