Futu Holdings reports 79% year-over-year trading volume growth, driving earnings above analyst expectations for the quarter.
Futu Holdings posted second-quarter earnings exceeding consensus forecasts as trading volume surged to a record HK$6.42 trillion. The figure marks a 55% quarter-over-quarter and 79% year-over-year increase, fueled by higher U.S. stock trading activity.
Net new funded accounts rose 34% from the prior year, contributing to the revenue beat. The company’s performance reflects broader market engagement amid volatile trading conditions.
No immediate market reaction was disclosed in the release.