FUTU
Futu Holdings Limited
FUTU's fundamentals are strong: revenue grew 45% and its operating margin rose 8 points to 64%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
FUTU Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
FUTU's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like FUTU.
FUTU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 9.5x | $95.62 | — |
| Cheap | 15x | $155 | +63% |
| Fair | 22x | $222 | +132% |
| Expensive | 73x | $731 | +664% |
Historical ranges are pointers, not guarantees.
FUTU's PE is 9.5x, but its earnings don't support one, so it isn't a reliable read right now.
FUTU Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for FUTU, with profitability improving.
FUTU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $10.07 | +40% |
| Q1 2026 | $9.06 | +52% |
| Q4 2025 | $10.24 | +107% |
| Q3 2025 | $8.89 | +119% |
| Q2 2025 | $7.18 | +86% |
| Q1 2025 | $5.95 | +58% |
| Q4 2024 | $4.95 | +27% |
| Q3 2022 | $2.14 | -13% |
FUTU's earnings per share have climbed steadily: $10.07 over the past year, up 40% from the year before, and higher year over year for 11 quarters in a row.
FUTU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $918.1M | +36% |
| Q1 2026 | $745.9M | +25% |
| Q4 2025 | $820.7M | +45% |
| Q3 2025 | $815.6M | +86% |
| Q2 2025 | $676.5M | +70% |
| Q1 2025 | $598M | +81% |
| Q4 2024 | $564.6M | +87% |
| Q3 2024 | $437.7M | +30% |
FUTU's revenue has grown year over year for 17 quarters in a row: $918M last quarter, up 36% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 69% | +6.1 points |
| Q1 2026 | 60% | +3.1 points |
| Q4 2025 | 64% | +14 points |
| Q3 2025 | 61% | +11 points |
| Q2 2025 | 63% | +16 points |
| Q1 2025 | 57% | +11 points |
| Q4 2024 | 50% | +6.9 points |
| Q3 2024 | 50% | +0.6 points |
FUTU's operating margin was 69% last quarter, up 6.1 points from the same quarter a year ago, near the top of its range since 2019.
FUTU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | $0 |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | $0 |
| Q3 2024 | $0 | $0 |
FUTU's free cash flow was $0 over the past year, against $0 the year before. Free cash flow isn't a meaningful measure for financial services companies like FUTU.
FUTU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -1.6M shares |
| 1 year | -0.6% | -777K shares |
| 3 years | -0.1% | -75.5K shares |
| 5 years | -3.6% | -5.3M shares |
| Available history | +7.4% | +9.7M shares |
FUTU has 140M diluted shares, down 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
FUTU hasn't bought back shares in the past year.
FUTU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.4x | Very low |
| Q4 2025 | -7.6x | Net Cash |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 0.4x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | -0.5x | Net Cash |
| Q3 2024 | -0.9x | Net Cash |
FUTU's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like FUTU.
FUTU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.9 | Neutral |
| Stochastic | 17.6 | Oversold |
FUTU's weekly RSI is 39 (neutral) and its Stochastic is 18 (oversold).
FUTU PE vs Financial Services Sector
| Metric | FUTU | Sector median | Relative |
|---|---|---|---|
| PE | 9.5x | 13x | 27% below |
| PE % | 0 | 63 | 63 pts below |
FUTU is trading at 9.5x earnings, a 27% discount to the Financial Services sector's median of 13x, though its earnings don't support one.
FUTU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $103.1 | 7.2% below |
| 20 week MA | $106.2 | 10% below |
| 50 week MA | $128.8 | 26% below |
| 100 week MA | $129.7 | 26% below |
| 200 week MA | $94.6 | 1.1% above |
FUTU has fallen below most of its moving averages, though it's still 1.1% above its 200-week average.
FUTU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.93 | $37.9 | +281% |
| 2021 | $37.9 | $40.9 | +8% |
| 2022 | $40.9 | $62.1 | +52% |
| 2023 | $62.1 | $54.6 | -12% |
| 2024 | $54.6 | $82.8 | +52% |
| 2025 | $82.8 | $165.2 | +99% |
| 2026 YTD | $165.2 | $95.6 | -42% |
FUTU is down 42% so far in 2026, after finishing higher in five of the previous six years.