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

Futu Holdings (FUTU) has reported Gross Margin for 8 consecutive years, with 206.12% the latest figure, recorded in 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 came in at 206.12% for Q4 2025 at Futu Holdings, 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.
• Average Gross Margin over 5 years is 181.36%, with a median of 182.11% recorded in 2022.
• Across the five-year window, Gross Margin soared 7268 bps in 2023 and sank 3685 bps in 2024, its largest moves.
• Year by year, Gross Margin stood at 161.73% in 2021, then climbed by 14 bps to 184.87% in 2022, then increased by 16 bps to 214.58% in 2023, then fell by 17 bps to 177.72% in 2024, then climbed by 16 bps to 206.12% in 2025.
• According to Business Quant data, Gross Margin over the past three periods registered 206.12%, 192.5%, and 179.94% for Q4 2025, Q3 2025, and Q2 2025 respectively.