Futu has reported a 25% year-on-year increase in total revenues to HK$5.90 billion for the first quarter of 2026, alongside the full-scale licensed launch of its virtual asset trading platform in Hong Kong.
The company’s non-GAAP net income stood at HK$919.5 million. This figure factors in an adjusted subsequent event involving the China Securities Regulatory Commission (CSRC).
According to Futu, the CSRC proposed a confiscation of approximately RMB470 million in alleged illegal gains and imposed fines of approximately RMB1.38 billion linked to a broader regulatory probe into unlicensed cross-border trading in mainland China.
Excluding the regulatory penalties, the company noted its net income would have been HK$3.01 billion.
Client assets grew 47% year-on-year to HK$1.22 trillion. Total trading volume across its platforms increased 29% to HK$4.15 trillion.
PantherTrade and virtual asset expansion
During the quarter, Futu’s wholly owned virtual asset trading platform, PantherTrade, commenced full-scale licensed operations in Hong Kong.
The platform is currently preparing for integration with Futu Securities.
The company plans to offer virtual asset ETF issuers a comprehensive solution covering the initial offering period through to custody and staking.
Eligible retail clients will also be able to use their securities and funds as collateral for virtual asset margin trading.
In the US, Futu’s moomoo platform introduced direct crypto deposit and withdrawal services supporting 30 cryptocurrencies across 11 blockchains.
Upgrades to AI automated trading
Futu rolled out several AI features to support automated trading.
The global launch of Futu API Skill allows investors to connect AI agents directly to the platform’s API using natural language commands.
This infrastructure enables users to generate, backtest, and deploy investment strategies without writing code.
The company also upgraded its algorithmic trading tools. In addition, it introduced an AI-driven options contract interpretation feature to help users analyse short-term stock trends.
“Building on our long-term overseas strategy and deep local roots, Futu sustained robust growth in Hong Kong this quarter, while our globalisation deepened and the share of overseas clients continued to climb,”
said Leaf Hua Li, Founder, Chairman, and CEO of Futu.
Across its global markets, Futu reported double-digit quarter-on-quarter growth in funded accounts and client assets in Malaysia.
Its corporate services division continued to support Hong Kong IPOs, providing employee stock ownership plan services to 853 corporate clients to date.
Featured image credit: Edited by Fintech News Hong Kong, based on image by Trend2023 via Magnific
