Futu Holdings (FUTU) Gross Margin (2018 - 2025)

Futu Holdings' Gross Margin history runs 8 years deep, the most recent figure standing at 206.12% for Q4 2025.

• In Q4 2025, Gross Margin rose 2840.0% year-over-year to 206.12%; the TTM figure through Dec 2025 stood at 188.28% (up 393.0% YoY), while the FY2025 annual figure was 87.12%, up 512.0% from the prior year.
• Gross Margin for Q4 2025 stood at 206.12%, up from 192.5% in the prior quarter.
• The five-year high for Gross Margin was 221.53% in Q2 2023, with the low at 132.94% in Q1 2021.
• The 5-year median for Gross Margin is 182.11% (2022), against an average of 181.36%.
• The sharpest annual moves came in 2023 and 2024: Gross Margin surged 7268 bps in 2023, then tumbled 3685 bps in 2024.
• Futu Holdings' Gross Margin stood at 161.73% in 2021, then increased by 14 bps to 184.87% in 2022, then gained by 16 bps to 214.58% in 2023, then decreased by 17 bps to 177.72% in 2024, then increased by 16 bps to 206.12% in 2025.
• Business Quant data shows FUTU's Gross Margin at 206.12% in Q4 2025, 192.5% in Q3 2025, and 179.94% in Q2 2025.