Futu Holdings Limited (FUTU) Financial Statements

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Futu Holdings financial statements at a glance

Futu Holdings reported revenue of 22.85 billion HKD for fiscal year 2025 (ended December 31, 2025), up 68.1% from fiscal year 2024. Net income was 11.34 billion HKD, a net margin of 49.6%.

At the end of fiscal year 2025 it had total assets of 228.44 billion HKD, total liabilities of 188.12 billion HKD and shareholders' equity of 40.00 billion HKD, with cash and short-term investments of 17.66 billion HKD and total debt of 17.48 billion HKD.

Its operations brought in 40.79 billion HKD of cash; capital spending was 54.73 million HKD, leaving free cash flow of 40.73 billion HKD.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in HKD; latest fiscal year ended December 31, 2025.

FUTU logo

Futu Holdings Limited

FUTUHong Kong
Financial Services
HKD (Local)

Income Statement

Annual • HKD

Total Revenue
22.85B
Prev Year: 13.59B
YoY: +68.1%
Operating Revenue
22.77B
Prev Year: 13.54B
YoY: +68.2%
Cost of Revenue
2.94B
Prev Year: 2.45B
YoY: +20.3%
Gross Profit
19.90B
Prev Year: 11.14B
YoY: +78.6%
Operating Expense
5.82B
Prev Year: 4.52B
YoY: +28.8%
Selling General and Administrative
3.92B
Prev Year: 3.03B
YoY: +29.2%
General and Administrative Expense
1.93B
Prev Year: 1.62B
YoY: +19.4%
Other General and Administrative
1.93B
Prev Year: 1.62B
YoY: +19.4%
Selling and Marketing Expense
1.98B
Prev Year: 1.41B
YoY: +40.5%
Operating Income
14.08B
Prev Year: 6.62B
YoY: +112.6%
Other Income Expense
-367.45M
Prev Year: -86.37M
YoY: -325.4%
Pre-tax Income
13.71B
Prev Year: 6.54B
YoY: +109.8%
Provision for Income Taxes
2.36B
Prev Year: 998.34M
YoY: +136.4%
Net Income Common Stockholders
11.34B
Prev Year: 5.44B
YoY: +108.3%
Net Income
11.34B
Prev Year: 5.44B
YoY: +108.3%
Net Income Including Non-Controlling Interests
11.30B
Prev Year: 5.43B
YoY: +108.0%
Net Income from Continuing Operations
11.30B
Prev Year: 5.43B
YoY: +108.0%
Diluted NI Available to Com Stockholders
11.34B
Prev Year: 5.44B
YoY: +108.3%
Total Operating Income as Reported
14.08B
Prev Year: 6.62B
YoY: +112.6%
Basic EPS
-
Prev Year: 39.44
Total Expenses
8.77B
Prev Year: 6.97B
YoY: +25.8%
Diluted EPS
-
Prev Year: 38.88
Net Income from Continuing and Discontinued Operation
11.34B
Prev Year: 5.44B
YoY: +108.3%
Weighted Average Shares (basic)
-
Prev Year: 138.02M
Normalized Income
11.34B
Prev Year: 5.44B
YoY: +108.3%
Weighted Average Shares (diluted)
-
Prev Year: 140.06M
EBIT
14.08B
Prev Year: 6.62B
YoY: +112.6%
EBITDA
14.30B
Prev Year: 6.80B
YoY: +110.4%
Reconciled Cost of Revenue
2.94B
Prev Year: 2.45B
YoY: +20.3%
Reconciled Depreciation
222.99M
Prev Year: 175.50M
YoY: +27.1%
Net Income from Continuing Operation Net Minority Interest
11.34B
Prev Year: 5.44B
YoY: +108.3%
Interest Expense
-
Normalized EBITDA
14.30B
Prev Year: 6.80B
YoY: +110.4%
Net Interest Income
-
Tax Rate for Calcs
0.172
Prev Year: 0.155
YoY: +11.0%
Noncontrolling Interests
35.81M
Prev Year: 10.04M
YoY: +256.8%
Equity in Earnings of Affiliates, Net of Tax
-51.62M
Prev Year: -103.93M
YoY: +50.3%
Other Non-operating Income (expense)
-367.45M
Prev Year: -86.37M
YoY: -325.4%
Research and Development
1.91B
Prev Year: 1.49B
YoY: +27.8%
Values in HKD

Futu Holdings key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue22.8B HKD13.6B HKD10.0B HKD7.6B HKD7.1B HKD
Gross profit19.9B HKD11.1B HKD8.5B HKD6.6B HKD5.9B HKD
Operating income14.1B HKD6.6B HKD5.0B HKD3.6B HKD3.2B HKD
Net income11.3B HKD5.4B HKD4.3B HKD2.9B HKD2.8B HKD
Diluted EPS–38.88 HKD30.56 HKD20.32 HKD18.40 HKD
Total assets228.4B HKD158.8B HKD97.1B HKD94.5B HKD101.5B HKD
Total liabilities188.1B HKD130.8B HKD72.6B HKD73.6B HKD80.6B HKD
Shareholders' equity40.0B HKD28.0B HKD24.6B HKD20.9B HKD21.0B HKD
Cash and short-term investments17.7B HKD14.4B HKD8.2B HKD5.7B HKD5.8B HKD
Total debt17.5B HKD8.6B HKD5.9B HKD2.7B HKD11.1B HKD
Operating cash flow40.8B HKD31.0B HKD-6.3B HKD3.5B HKD6.0B HKD
Capital spending54.7M HKD167.5M HKD77.8M HKD90.5M HKD70.5M HKD
Free cash flow40.7B HKD30.8B HKD-6.4B HKD3.4B HKD5.9B HKD

In HKD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.

Questions and answers

What was Futu Holdings's revenue in fiscal year 2025?

22.85 billion HKD, up 68.1% from 13.59 billion HKD in fiscal year 2024.

How much profit does Futu Holdings make?

Futu Holdings reported net income of 11.34 billion HKD for fiscal year 2025 (49.6% of revenue); operating income was 14.08 billion HKD.

How much cash and debt does Futu Holdings have?

At the end of fiscal year 2025: cash and short-term investments of 17.66 billion HKD and total debt of 17.48 billion HKD.

What is Futu Holdings's free cash flow?

40.73 billion HKD in fiscal year 2025 (operating cash flow of 40.79 billion HKD minus capital spending of 54.73 million HKD).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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