Analyst Consensus ?
ConsensusBuy12 ratings
Bullish758.3%
Neutral433.3%
Bearish18.4%
Futu Holdings Limited · FUTU · FY2025 Q1 · Calendar Q2 2025
Futu reports strong growth while expanding AI and crypto offerings
The quarter supports a constructive but conditional view: strong account growth, product expansion, and continued demand can support the business, but the durability of growth depends on acquisition efficiency, regulatory execution, and client retention.
Reported Before market openNASDAQFinancial Services
$14.77B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.95
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $594.9M
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.3%
Event window
SPY move
+0.4%
Same window
Abnormal move
-0.7%
Stock minus SPY
Volume
3.2×
Versus trailing sessions
Subsequent drift
+12.9%
Up to 20 sessions
FUTUSPY benchmark
Ask FN2 about FUTU FY2025 Q1
Transcript, numbers and history already loaded
What drove FUTU's -0.3% move after FY2025 Q1 earnings?What changed in FUTU's guidance and outlook in FY2025 Q1?Give me the bull and bear case for FUTU after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management maintained its outlook while emphasizing continued funded-account acquisition, international rollout of Futubull AI, broader crypto functionality, and expansion into New Zealand. The quarter also added evidence of product breadth, while membership adoption remained modest and regulatory work continued.
Guidance delta
Maintained; management reaffirmed its existing 2025 funded-account objective.
Key takeaways
- Funded-account growth and stronger trading activity supported a robust quarter.
- Futubull AI is being expanded internationally alongside new platform features.
- Crypto capabilities are broadening, but licensing and monetization remain open questions.
- The membership program is early, with limited penetration so far.
Management priorities
- Acquire funded accounts across existing and new markets
- Expand Futubull AI and other client-facing tools
- Broaden crypto functionality while progressing regulatory work
- Build wealth-management membership programs
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Estimate
Beat
Miss
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Analyst 52W Price Targets
$105.48Current
$27Low
$126.25Average
$236High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 18, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Neutral | Neutral | Maintain | May 26, 2026 |
| Barclays | Overweight | Overweight | Maintain | Mar 16, 2026 |
| Citigroup | Buy | Neutral | Upgrade | Nov 21, 2025 |
| B of A Securities | Buy | Buy | Maintain | Aug 21, 2025 |
| UBS | Buy | Buy | Maintain | Mar 17, 2025 |
| CLSA | Outperform | Underperform | Upgrade | Mar 18, 2024 |
| Morgan Stanley | Equal Weight | Underweight | Upgrade | Jan 4, 2024 |
| Jefferies | Buy | Buy | Maintain | Nov 24, 2023 |
| Truist Securities | Underperform | Underperform | Maintain | May 25, 2023 |
| Credit Suisse | Neutral | Outperform | Downgrade | Dec 16, 2022 |
| BOCOM International | Buy | Neutral | Upgrade | Aug 2, 2021 |
| Goldman Sachs | Neutral | Neutral | Maintain | Jul 14, 2021 |
Named analyst price targets
Upside is calculated against the persisted current price $105.48. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Jefferies | Zoey Zong | $170.5 | $104.5 | +61.6% | May 28, 2026 |
| Goldman Sachs | Shuo Yang | $102.13 | $89.76 | -3.2% | May 25, 2026 |
| Goldman Sachs | Analyst unavailable | $205 | $154.85 | +94.3% | May 4, 2026 |
| Morgan Stanley | Analyst unavailable | $225 | $133.94 | +113.3% | Mar 27, 2026 |
| Goldman Sachs | Shuo Yang | $213.39 | $162.57 | +102.3% | Feb 2, 2026 |
| Barclays | Analyst unavailable | $236 | $165.9 | +123.7% | Nov 20, 2025 |
| Barclays | Analyst unavailable | $232 | $190.64 | +119.9% | Aug 22, 2025 |
| Jefferies | Zoey Zong | $109.2 | $58.24 | +3.5% | Nov 19, 2024 |
| Morgan Stanley | Chiyao Huang | $115 | $89.08 | +9.0% | Nov 18, 2024 |
| Deutsche Bank | Johnny Xie | $118.4 | $98.75 | +12.2% | Nov 11, 2024 |
| Bank of America Securities | Emma Xu | $108 | $96.25 | +2.4% | Oct 16, 2024 |
| Citigroup | Judy Zhang | $79 | $62.67 | -25.1% | Aug 22, 2024 |
| Bank of America Securities | Emma Xu | $80.2 | $59.71 | -24.0% | Aug 21, 2024 |
| Morgan Stanley | Chiyao Huang | $70 | $76.91 | -33.6% | May 29, 2024 |
| CLSA | Hu Shen | $65 | $54.25 | -38.4% | Mar 18, 2024 |
| US Tiger Securities | Emma Xu | $27 | $40.65 | -74.4% | Dec 30, 2022 |
| Daiwa | Leon Qi | $64 | $39.88 | -39.3% | Dec 30, 2022 |
Track every rating change on FUTU the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationFutu Holdings Limited is a global provider of digital brokerage services for securities and the distribution of wealth management products, with operations based in Hong Kong. The company's primary offerings include a full spectrum of online financial services delivered through its proprietary digital platforms, Futubull and Moomoo. These services cover brokerage for trading securities and derivatives, margin lending, and the distribution of investment funds. Beyond trading, Futu also supplies financial market data and analytical information. Its "Money Plus" brand, integrated into the Futubull and Moomoo platforms, grants clients access to a diverse array of online wealth management products, such as mutual funds, private funds, bonds, structured products, and other investment vehicles. A key component of its ecosystem is the "NiuNiu Community," an interactive online forum where users and clients can freely share insights, pose questions, and discuss financial ideas. Futu Holdings Limited was established in 2007 and is headquartered in Admiralty, Hong Kong.
Historical context
All FUTU earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| MTB-PH M&T Bank Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.2% | — | M&T Bank: Loan Growth Holds Up as Rates Pressure Margins |
| MTB-PJ M&T Bank Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.2% | — | M&T: Deposit growth supports margins as AI use expands |
| RF-PE Regions Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | +10.3% | — | Regions Financial: Fee Growth and Credit Quality Support Q3 |
| RF-PC Regions Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | +10.3% | — | Regions Financial: Fee growth supports a steady Q3 outlook |
| TFC-PI Truist Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | -50.9% | — | Truist sharpens focus as Q3 EPS rises 12% |
| TRV The Travelers Companies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +24.2% | +1.5% | Travelers posts strong Q3, with investment income above $900 million |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-05-20T20:15:32.764462+00:00
- Polygon adjusted daily market bars · 2026-10-17T23:00:46.186571+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-17T23:00:46.183884+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-17. For educational purposes only; not investment advice.