Futu Holdings Ltd
FUTU- Exchange
- Nasdaq
- Industry
- Security Brokers, Dealers & Flotation Companies
- SEC CIK
- 0001754581
No open-market purchases or sales by Futu Holdings Ltd insiders were filed in the last 90 days; 321 institutions reported holding it in 13F filings for Q2 2026, worth $4.19B in total; superinvestors HHLR Advisors (Hillhouse) and Greenwoods Asset Management hold it.
- Currency
- HKD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 2:11 PM ET
Amounts are in HKD, the currency Futu Holdings Ltd reports in. Lines marked ≈ US$ convert key figures to US dollars.
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Revenue | HKD 22.8B≈ US$2.93B | HKD 13.6B≈ US$1.74B | HKD 10.0B≈ US$1.28B | HKD 7.61B≈ US$972.4M | HKD 7.12B≈ US$915.4M |
| Cost of revenue | HKD 2.94B | HKD 2.45B | HKD 1.54B | HKD 996.1M | HKD 1.21B |
| Gross profit | HKD 19.9B | HKD 11.1B | HKD 8.47B | HKD 6.62B | HKD 5.91B |
| Operating expenses | HKD 5.82B | HKD 4.52B | HKD 3.46B | HKD 3.05B | HKD 2.73B |
| Research and development | HKD 1.91B | HKD 1.49B | HKD 1.44B | HKD 1.22B | HKD 805.3M |
| Selling, general and administrative | HKD 1.93B | HKD 1.62B | HKD 1.31B | HKD 931.1M | HKD 529.0M |
| Operating income | HKD 14.1B | HKD 6.62B | HKD 5.01B | HKD 3.36B | HKD 3.19B |
| Interest expense | – | – | HKD 910.8M | HKD 292.5M | HKD 376.9M |
| Income tax | HKD 2.36B | HKD 998.3M | HKD 748.5M | HKD 414.0M | HKD 375.1M |
| Net income | HKD 11.3B≈ US$1.45B | HKD 5.44B≈ US$697.6M | HKD 4.28B≈ US$546.9M | HKD 2.93B≈ US$373.8M | HKD 2.81B≈ US$361.5M |
| EPS, basic | HKD 10.17 | HKD 4.93 | HKD 3.88 | HKD 2.57 | HKD 2.34 |
| EPS, diluted | HKD 10.03 | HKD 4.86 | HKD 3.82 | HKD 2.54 | HKD 2.30 |
| Weighted shares, basic | 1.11B | 1.10B | 1.10B | 1.14B | 1.20B |
| Weighted shares, diluted | 1.13B | 1.12B | 1.12B | 1.15B | 1.22B |
| Margins and growth | |||||
| Gross margin | 87.1% | 82.0% | 84.7% | 86.9% | 83.0% |
| Operating margin | 61.6% | 48.7% | 50.0% | 44.1% | 44.8% |
| Net margin | 49.6% | 40.1% | 42.8% | 38.4% | 39.5% |
| Revenue growth, year over year | +68.1% | +35.8% | +31.4% | +7.0% | +114.9% |
| Net income growth, year over year | +108.3% | +27.1% | +46.3% | +4.2% | +112.0% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Cash and equivalents | HKD 10.5B | HKD 11.7B | HKD 4.94B | HKD 5.03B | HKD 4.56B |
| Short-term investments | HKD 6.69B | HKD 2.41B | HKD 3.11B | HKD 675.1M | HKD 1.17B |
| Total current assets | HKD 223.7B | HKD 155.9B | HKD 95.4B | HKD 93.1B | HKD 100.7B |
| Property, plant and equipment | HKD 164.1M | HKD 187.6M | HKD 125.0M | HKD 145.8M | HKD 175.8M |
| Goodwill | HKD 110.2M | – | – | – | – |
| Intangible assets | HKD 109.8M | HKD 85.6M | HKD 72.1M | HKD 54.4M | HKD 17.2M |
| Total assets | HKD 228.4B≈ US$29.3B | HKD 158.8B≈ US$20.4B | HKD 97.1B≈ US$12.4B | HKD 94.5B≈ US$12.1B | HKD 101.5B≈ US$13.0B |
| Total current liabilities | HKD 187.7B | HKD 130.6B | HKD 72.4B | HKD 73.5B | HKD 80.4B |
| Total liabilities | HKD 188.1B | HKD 130.8B | HKD 72.6B | HKD 73.6B | HKD 80.6B |
| Shareholders' equity | HKD 40.3B | HKD 28.0B | HKD 24.6B | HKD 20.9B | HKD 21.0B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Operating cash flow | HKD 40.8B≈ US$5.23B | HKD 31.0B≈ US$3.97B | HKD -6.34B≈ US-$809.5M | HKD 3.47B≈ US$443.8M | HKD 6.01B≈ US$773.5M |
| Capital expenditures | HKD 54.7M | HKD 167.5M | HKD 77.8M | HKD 90.5M | HKD 70.5M |
| Free cash flow | HKD 40.7B≈ US$5.23B | HKD 30.8B≈ US$3.95B | HKD -6.42B≈ US-$819.4M | HKD 3.38B≈ US$432.2M | HKD 5.94B≈ US$764.4M |
| Depreciation and amortization | HKD 72.3M | HKD 69.9M | HKD 60.8M | HKD 54.7M | HKD 36.4M |
| Stock-based compensation | HKD 343.0M | HKD 334.9M | HKD 290.8M | HKD 204.5M | HKD 98.9M |
| Dividends paid | HKD 2.15B | – | – | – | – |
| Share buybacks | – | – | HKD 874.7M | HKD 3.15B | HKD 1.18B |
| Investing cash flow | HKD -1.78B | HKD 103.9M | HKD -2.44B | HKD 93.9M | HKD -963.6M |
| Financing cash flow | HKD 4.30B | HKD 70.9M | HKD 2.31B | HKD -7.01B | HKD 10.6B |
| Net change in cash | HKD 43.5B | HKD 31.0B | HKD -6.41B | HKD -3.58B | HKD 15.8B |
| Ratio | |||||
| Stock-based compensation, % of revenue | 1.5% | 2.5% | 2.9% | 2.7% | 1.4% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Futu Holdings Ltd reports no single share count on its 10-K and 10-Q covers. Companies with several share classes report one count per class, which this data doesn't include.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- ≈ US$ figures convert HKD at FRED H.10 exchange rates (Federal Reserve): the average rate over the period for income and cash flow, and the rate on the period-end date, or the last business day before it, for the balance sheet.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.