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

Futu Holdings' Operating Margin history runs 8 years deep, the most recent figure standing at 149.71% for 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 was 149.71% for Q4 2025 at Futu Holdings, up from 134.0% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 258.06% in Q4 2021 to a low of 100.91% in Q3 2022.
• Historically, Operating Margin has averaged 151.75% across 5 years, with a median of 130.62% in 2023.
• The sharpest annual moves came in 2021 and 2022: Operating Margin soared 17805 bps in 2021, then slumped 15148 bps in 2022.
• A 5-year view of Operating Margin shows it stood at 258.06% in 2021, then slumped by 59 bps to 106.59% in 2022, then gained by 6 bps to 113.25% in 2023, then dropped by 5 bps to 107.77% in 2024, then surged by 39 bps to 149.71% in 2025.
• The last three Operating Margin figures came in at 149.71% (Q4 2025), 134.0% (Q3 2025), and 129.68% (Q2 2025), per Business Quant data.