Futu Holdings (FUTU) Gross Margin (2018 - 2025)
Futu Holdings' quarterly Gross Margin came in at 88.68% in Q4 2025, up 619.0% year-on-year from 12.33% in Q4 2024, and up 1.23% quarter-over-quarter from 87.6% in Q3 2025.
Futu Holdings has reported Gross Margin for 8 years, with the latest figure at 88.68% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin rose 619.0% year-over-year to 88.68%; the trailing twelve-month figure through Dec 2025 stood at 87.12% (up 511.0% YoY), and the FY2025 full-year result was 87.12%, up 512.0% from the prior year.
- Gross Margin for Q4 2025 stood at 88.68%, up from 87.6% in the prior quarter.
- The five-year high for Gross Margin was 88.79% in Q3 2022, with the low at 79.9% in Q1 2021.
- Average Gross Margin over 5 years is 84.76%, with a median of 84.75% recorded in 2021.
- Year-over-year, Gross Margin jumped 688 bps in 2021 and slumped 651 bps in 2024.
- Tracing FUTU's Gross Margin over 5 years: stood at 86.47% in 2021, then slipped by 2 bps to 85.0% in 2022, then declined by 4 bps to 81.73% in 2023, then increased by 1 bps to 82.49% in 2024, then climbed by 8 bps to 88.68% in 2025.
- The last three Gross Margin figures came in at 88.68% (Q4 2025), 87.6% (Q3 2025), and 87.37% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | - |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 89.97% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 84.10% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 99.97% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | - |
| 10 | Futu Holdings | 14.70 Bn | 12.54 Bn | 733.58 Mn | 88.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 88.68% |
| Sep 30, 2025 | 87.60% |
| Jun 30, 2025 | 87.37% |
| Mar 31, 2025 | 84.05% |
| Dec 31, 2024 | 82.49% |
| Sep 30, 2024 | 81.81% |
| Jun 30, 2024 | 81.65% |
| Mar 31, 2024 | 81.86% |
| Dec 31, 2023 | 81.73% |
| Sep 30, 2023 | 83.50% |
| Jun 30, 2023 | 84.93% |
| Mar 31, 2023 | 88.37% |
| Dec 31, 2022 | 85.00% |
| Sep 30, 2022 | 88.79% |
| Jun 30, 2022 | 88.10% |
| Mar 31, 2022 | 86.11% |
| Dec 31, 2021 | 86.47% |
| Sep 30, 2021 | 84.56% |
| Jun 30, 2021 | 82.32% |
| Mar 31, 2021 | 79.90% |
| Dec 31, 2020 | 79.59% |
| Sep 30, 2020 | 80.76% |
| Jun 30, 2020 | 77.63% |
| Mar 31, 2020 | 75.97% |
| Dec 31, 2019 | 72.07% |
| Sep 30, 2019 | 72.55% |
| Jun 30, 2019 | 75.45% |
| Mar 31, 2019 | 74.08% |
| Dec 31, 2018 | 71.72% |
| Sep 30, 2018 | 67.81% |
| Jun 30, 2018 | 67.56% |
| Mar 31, 2018 | 69.65% |