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

Futu Holdings (FUTU) has reported Operating Margin for 8 consecutive years, with 149.71% the latest figure, recorded in Q4 2025.

• In Q4 2025, Operating Margin rose 4193.0% year-over-year to 149.71%; the TTM figure through Dec 2025 stood at 133.18% (up 2364.0% YoY), while the FY2025 annual figure was 61.63%, up 1291.0% from the prior year.
• Operating Margin came in at 149.71% for Q4 2025 at Futu Holdings, up from 134.0% in the prior quarter.
• The five-year high for Operating Margin was 258.06% in Q4 2021, with the low at 100.91% in Q3 2022.
• Average Operating Margin over 5 years is 151.77%, with a median of 130.62% recorded in 2023.
• Across the five-year window, Operating Margin soared 17805 bps in 2021 and tumbled 15148 bps in 2022, its largest moves.
• Year by year, Operating Margin stood at 258.06% in 2021, then tumbled by 59 bps to 106.59% in 2022, then grew by 6 bps to 113.25% in 2023, then retreated by 5 bps to 107.77% in 2024, then surged by 39 bps to 149.71% in 2025.
• According to Business Quant data, Operating Margin over the past three periods registered 149.71%, 134.0%, and 129.68% for Q4 2025, Q3 2025, and Q2 2025 respectively.