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 was 206.12% for Q4 2025 at Futu Holdings, up from 192.5% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 221.53% in Q2 2023 to a low of 132.94% in Q1 2021.
• Historically, Gross Margin has averaged 181.36% across 5 years, with a median of 182.11% in 2022.
• The sharpest annual moves came in 2023 and 2024: Gross Margin soared 7268 bps in 2023, then plunged 3685 bps in 2024.
• A 5-year view of Gross Margin shows it stood at 161.73% in 2021, then rose by 14 bps to 184.87% in 2022, then advanced by 16 bps to 214.58% in 2023, then slipped by 17 bps to 177.72% in 2024, then rose by 16 bps to 206.12% in 2025.
• The last three Gross Margin figures came in at 206.12% (Q4 2025), 192.5% (Q3 2025), and 179.94% (Q2 2025), per Business Quant data.