Futu Holdings (FUTU) Cost of Revenue (2018 - 2026)
Futu Holdings (FUTU) posted Cost of Revenue of $125.7 million for Q2 2026, up 31.48% on a QoQ basis from $95.6 million in Q1 2026, and up 47.02% year-over-year from $85.5 million in Q2 2025.
Analysis
Futu Holdings (FUTU) Cost of Revenue (2018 - 2026) Analysis & Trends
Futu Holdings has reported Cost of Revenue for 9 years, with the latest figure at $125.7 million in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 47.02% year-over-year to $125.7 million in Q2 2026; TTM through Jun 2026 was $416.9 million, a 15.13% increase from a year earlier, with the FY2025 full-year figure at $378.0 million, up 20.08% from the prior year.
- Cost of Revenue was $125.7 million for Q2 2026 at Futu Holdings, up from $95.6 million in the prior quarter.
- The five-year high for Cost of Revenue was $125.7 million in Q2 2026, with the low at $26.5 million in Q2 2022.
- Average Cost of Revenue over 5 years is $68.7 million, with a median of $66.8 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue slumped 48.94% in 2022, then soared 101.02% in 2023.
- Over 5 years, Cost of Revenue stood at $43.9 million in 2022, then increased by 26.53% to $55.5 million in 2023, then jumped by 80.02% to $99.9 million in 2024, then decreased by 6.28% to $93.6 million in 2025, then jumped by 34.2% to $125.7 million in 2026.
- The last three Cost of Revenue figures came in at $125.7 million (Q2 2026), $95.6 million (Q1 2026), and $93.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.20 Bn | 83.88 Bn | 1.20 Bn | 104.00 Mn |
| 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 | 125.66 Mn |
| 5 | UP Fintech Holding | 12.81 Bn | 12.81 Bn | - | - |
| 6 | Xp | 10.32 Bn | 5.47 Bn | 105.39 Mn | 283.59 Mn |
| 7 | Webull | 4.83 Bn | 2.90 Bn | 85.87 Mn | 112.96 Mn |
| 8 | eToro | 2.53 Bn | 1.57 Bn | 63.50 Mn | 1.53 Bn |
| 9 | Solowin Holdings | 402.47 Mn | 383.36 Mn | - | - |
| 10 | TOP Financial | 127.44 Mn | 82.47 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 125.66 Mn |
| Mar 31, 2026 | 95.57 Mn |
| Dec 31, 2025 | 93.63 Mn |
| Sep 30, 2025 | 102.00 Mn |
| Jun 30, 2025 | 85.47 Mn |
| Mar 31, 2025 | 96.27 Mn |
| Dec 31, 2024 | 99.91 Mn |
| Sep 30, 2024 | 80.43 Mn |
| Jun 30, 2024 | 73.55 Mn |
| Mar 31, 2024 | 60.09 Mn |
| Dec 31, 2023 | 55.50 Mn |
| Sep 30, 2023 | 55.86 Mn |
| Jun 30, 2023 | 47.80 Mn |
| Mar 31, 2023 | 37.05 Mn |
| Dec 31, 2022 | 43.86 Mn |
| Sep 30, 2022 | 27.79 Mn |
| Jun 30, 2022 | 26.49 Mn |
| Mar 31, 2022 | 29.10 Mn |
| Dec 31, 2021 | 27.80 Mn |
| Sep 30, 2021 | 34.33 Mn |