Analyst Consensus ?
ConsensusBuy12 ratings
Bullish758.3%
Neutral433.3%
Bearish18.4%
Futu Holdings Limited · FUTU · FY2026 Q1 · Calendar Q2 2026
Futu grows clients and revenue as regulatory penalty weighs on profit
Futu's client and revenue growth, international expansion and new product pipeline support the growth case, but the reported regulatory penalty and ongoing regulatory uncertainty materially temper confidence in the outlook.
Reported Before market openNASDAQFinancial Services
$15.35B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.77
Consensus $2.89
EPS surprise
-73.5%
Reported versus consensus
Reported revenue
$746.8M
Consensus $761.3M
Revenue surprise
-1.9%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-4.8%
Event window
SPY move
+0.6%
Same window
Abnormal move
-5.4%
Stock minus SPY
Volume
1.6×
Versus trailing sessions
Subsequent drift
-8.1%
Up to 20 sessions
FUTUSPY benchmark
Ask FN2 about FUTU FY2026 Q1
Transcript, numbers and history already loaded
Why did FUTU fall 4.8% after missing EPS estimates in FY2026 Q1?What changed in FUTU's guidance and outlook in FY2026 Q1?Give me the bull and bear case for FUTU after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The quarter combined continued client and revenue growth with a sharp decline in net income after a reported regulatory penalty. Management also highlighted new crypto, prediction-market and Korean-equity initiatives, while maintaining its 2026 funded-account target.
Guidance delta
Management maintained its target of 800,000 net new funded accounts in 2026.
Key takeaways
- Client base grew 34% year over year, with additions across Hong Kong, Singapore, Malaysia and Japan.
- Revenue rose 25% year over year, while net income fell 61% after a reported RMB 1.85 billion regulatory penalty.
- Management is expanding into crypto, prediction markets and Korean equity trading.
- More than 55% of funded accounts are now under the overseas Moomoo brand, according to management.
Management priorities
- Continue net new client acquisition in high-growth regions.
- Expand the product suite across crypto, prediction markets and Korean equities.
- Advance cross-border wealth management and the overseas Moomoo platform.
- Maintain regulatory compliance while continuing share repurchases.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$109.99Previous close
$27Low
$126.25Average
$236High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Sep 24, 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 previous close $109.99. 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 | +55.0% | May 28, 2026 |
| Goldman Sachs | Shuo Yang | $102.13 | $89.76 | -7.1% | May 25, 2026 |
| Goldman Sachs | Analyst unavailable | $205 | $154.85 | +86.4% | May 4, 2026 |
| Morgan Stanley | Analyst unavailable | $225 | $133.94 | +104.6% | Mar 27, 2026 |
| Goldman Sachs | Shuo Yang | $213.39 | $162.57 | +94.0% | Feb 2, 2026 |
| Barclays | Analyst unavailable | $236 | $165.9 | +114.6% | Nov 20, 2025 |
| Barclays | Analyst unavailable | $232 | $190.64 | +110.9% | Aug 22, 2025 |
| Jefferies | Zoey Zong | $109.2 | $58.24 | -0.7% | Nov 19, 2024 |
| Morgan Stanley | Chiyao Huang | $115 | $89.08 | +4.6% | Nov 18, 2024 |
| Deutsche Bank | Johnny Xie | $118.4 | $98.75 | +7.6% | Nov 11, 2024 |
| Bank of America Securities | Emma Xu | $108 | $96.25 | -1.8% | Oct 16, 2024 |
| Citigroup | Judy Zhang | $79 | $62.67 | -28.2% | Aug 22, 2024 |
| Bank of America Securities | Emma Xu | $80.2 | $59.71 | -27.1% | Aug 21, 2024 |
| Morgan Stanley | Chiyao Huang | $70 | $76.91 | -36.4% | May 29, 2024 |
| CLSA | Hu Shen | $65 | $54.25 | -40.9% | Mar 18, 2024 |
| US Tiger Securities | Emma Xu | $27 | $40.65 | -75.5% | Dec 30, 2022 |
| Daiwa | Leon Qi | $64 | $39.88 | -41.8% | 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 |
|---|---|---|---|---|
| PUK Prudential plc | FY2026 Q2 · Calendar Q3 2026 | -40.9% | -0.5% | Prudential sustains growth and capital returns focus in H1 2026 |
| CM Canadian Imperial Bank of Commerce | FY2026 Q3 · Calendar Q3 2026 | +8.9% | -2.8% | CIBC Q3: Broad growth, resilient credit and expanded AI rollout |
| TD The Toronto-Dominion Bank | FY2026 Q3 · Calendar Q3 2026 | +13.8% | +1.4% | TD emphasizes growth investments alongside disciplined capital management |
| RY Royal Bank of Canada | FY2026 Q3 · Calendar Q3 2026 | +6.2% | -1.3% | RBC reports record Q3 earnings while investing for growth |
| AFRM Affirm Holdings, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1230.3% | +0.3% | Affirm's most profitable quarter shifts focus to product execution |
Latest beats and misses
Who reports nextBeat on EPS
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
Get the FUTU recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-29T19:23:17.747906+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-24T07:50:53.851286+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-24T07:50:53.848527+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 2026-09-24. For educational purposes only; not investment advice.