NASDAQ : FUTU
Futu Holdings Limited — Financial statements
Financials · Capital Markets · Hong Kong
Last price 101.47 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 14.23B
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Financial statements
Futu Holdings Limited (FUTU) reported revenue of 24.06B HKD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in HKD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 11.86B | 10.44B | 6.67B | 5.54B | 3.21B | 2.52B |
| Total Interest Expense | 1.84B | 1.76B | 1.62B | 910.76M | 292.50M | 376.90M |
| Net Interest Income | 10.02B | 8.68B | 5.05B | 4.63B | 2.92B | 2.14B |
| Brokerage Commission | 11.69B | 10.57B | 6.04B | 3.94B | 4.01B | 3.91B |
| Other Revenue | 2.35B | 1.83B | 878.51M | 527.22M | 392.06M | 684.10M |
| Revenue | 24.06B | 21.09B | 11.97B | 9.10B | 7.32B | 6.74B |
| Salaries & Employee Benefits | 343.02M | 343.02M | 334.93M | 290.83M | 204.53M | 98.91M |
| Cost of Services Provided | 7.67B | 6.67B | 5.02B | 3.80B | 3.55B | 3.46B |
| Total Operating Expenses | 8.01B | 7.01B | 5.35B | 4.09B | 3.75B | 3.56B |
| Operating Income | 16.05B | 14.08B | 6.62B | 5.01B | 3.57B | 3.18B |
| Other Non-Operating Income (Expenses) | -2.50B | -367.45M | -86.37M | 33.44M | -133.08M | 2.48M |
| EBT Excluding Unusual Items | 13.65B | 13.66B | 6.43B | 5.03B | 3.42B | 3.19B |
| Asset Writedown | -77.22M | |||||
| Pretax Income | 13.65B | 13.66B | 6.43B | 5.03B | 3.34B | 3.19B |
| Income Tax Expense | 2.59B | 2.36B | 998.34M | 748.48M | 413.96M | 375.08M |
| Earnings From Continuing Ops. | 11.06B | 11.30B | 5.43B | 4.28B | 2.93B | 2.81B |
| Minority Interest in Earnings | 56.03M | 35.81M | 10.04M | 2.52M | 51.00K | |
| Net Income | 11.12B | 11.34B | 5.44B | 4.28B | 2.93B | 2.81B |
| Net Income to Common | 11.12B | 11.34B | 5.44B | 4.28B | 2.93B | 2.81B |
| Shares Outstanding (Basic) | 139.43M | 139.31M | 138.02M | 138.11M | 142.42M | 150.11M |
| Shares Outstanding (Diluted) | 141.30M | 141.36M | 140.06M | 139.96M | 143.88M | 152.46M |
| EPS (Basic) | 79.72 | 81.39 | 39.44 | 31.00 | 20.55 | 18.72 |
| EPS (Diluted) | 78.65 | 80.24 | 38.88 | 30.56 | 20.32 | 18.40 |
| Free Cash Flow | 40.73B | 30.83B | -6.42B | 3.38B | 5.94B | |
| Free Cash Flow Per Share | 288.16 | 220.11 | -45.84 | 23.52 | 38.97 | |
| Dividend Per Share | 20.24 | |||||
| Operating Margin | 66.69% | 66.77% | 55.31% | 55.04% | 48.74% | 47.23% |
| Profit Margin | 46.20% | 53.76% | 45.46% | 47.06% | 39.98% | 41.70% |
| Free Cash Flow Margin | 193.15% | 257.49% | -70.51% | 46.23% | 88.17% | |
| Effective Tax Rate | 19.00% | 17.27% | 15.52% | 14.89% | 12.39% | 11.77% |
| Revenue as Reported | 25.90B | 22.85B | 13.59B | 10.01B | 7.61B | 7.12B |
Balance sheet
Fiscal year January - December; amounts in HKD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 18.38B | 10.47B | 11.69B | 4.94B | 5.03B | 4.56B |
| Short-Term Investments | 136.28B | 113.91B | 68.96B | 44.50B | 50.72B | 54.84B |
| Trading Asset Securities | 1.54B | 739.14M | 830.53M | 270.00K | ||
| Accounts Receivable | 30.20B | 26.82B | 22.25B | 9.88B | 9.57B | 10.40B |
| Other Receivables | 92.83B | 65.46B | 50.29B | 32.80B | 26.93B | 29.17B |
| Property, Plant & Equipment | 698.41M | 733.99M | 440.80M | 349.06M | 342.70M | 419.62M |
| Goodwill | 110.20M | |||||
| Other Intangible Assets | 109.80M | 85.64M | 72.07M | 54.45M | 17.22M | |
| Investments in Debt & Equity Securities | 7.53B | 5.16B | 1.69B | 2.30B | 690.45M | 1.19B |
| Restricted Cash | 110.48M | 2.51M | 1.12M | 1.23M | 1.22M | 2.06M |
| Other Current Assets | 809.40M | 310.22M | 290.02M | 195.71M | 136.62M | 567.90M |
| Long-Term Deferred Tax Assets | 205.86M | 111.87M | 96.82M | 84.56M | 38.32M | |
| Other Long-Term Assets | 5.77B | 3.62B | 2.22B | 1.17B | 941.16M | 345.31M |
| Total Assets | 292.61B | 228.44B | 158.76B | 97.14B | 94.50B | 101.54B |
| Accounts Payable | 216.69B | 164.83B | 116.84B | 64.60B | 69.39B | 67.99B |
| Accrued Expenses | 7.95B | 2.52B | 1.77B | 1.38B | 1.04B | 754.99M |
| Short-Term Debt | 27.58B | 16.89B | 8.28B | 5.65B | 2.48B | 10.83B |
| Current Portion of Leases | 211.91M | 200.09M | 144.36M | 114.68M | 109.42M | 96.86M |
| Other Current Liabilities | 295.51M | 1.79B | 2.94B | 353.34M | 234.70M | 212.65M |
| Long-Term Leases | 527.53M | 393.84M | 132.92M | 123.33M | 101.73M | 163.72M |
| Long-Term Unearned Revenue | 5.91M | |||||
| Long-Term Deferred Tax Liabilities | 20.86M | 4.88M | 6.33M | 7.41M | 636.00K | |
| Other Long-Term Liabilities | 154.87M | 1.05M | 3.18M | 5.86M | 6.21M | 4.39M |
| Total Liabilities | 253.40B | 188.12B | 130.75B | 72.56B | 73.64B | 80.55B |
| Common Stock | 88.00K | 100.00K | 99.00K | 98.00K | 97.00K | 96.00K |
| Additional Paid-In Capital | 14.10B | 19.16B | 18.81B | 18.46B | 18.15B | 17.94B |
| Retained Earnings | 27.63B | 25.99B | 14.65B | 11.36B | 7.08B | 4.15B |
| Comprehensive Income & Other | 426.15M | 51.50M | -249.92M | -49.43M | -47.85M | 75.99M |
| Total Common Equity | 38.88B | 40.00B | 28.01B | 24.57B | 20.86B | 20.99B |
| Minority Interest | 327.78M | 319.93M | -6.78M | 3.00M | 235.00K | |
| Shareholders' Equity | 39.20B | 40.32B | 28.00B | 24.57B | 20.86B | 20.99B |
| Total Liabilities & Equity | 292.61B | 228.44B | 158.76B | 97.14B | 94.50B | 101.54B |
| Total Debt | 28.32B | 17.48B | 8.55B | 5.89B | 2.69B | 11.09B |
| Net Cash (Debt) | 126.34B | 108.43B | 72.83B | 44.38B | 53.05B | 48.31B |
| Net Cash Per Share | 894.13 | 767.05 | 519.99 | 317.10 | 368.75 | 316.87 |
| Filing Date Shares Outstanding | 138.74M | 140.19M | 139.23M | 137.92M | 139.63M | 146.99M |
| Total Common Shares Outstanding | 138.74M | 140.17M | 139.14M | 137.79M | 139.66M | 150.38M |
| Working Capital | 25.89B | 30.80B | 23.60B | 20.71B | 18.86B | 19.15B |
| Book Value Per Share | 280.21 | 285.38 | 201.32 | 178.30 | 149.38 | 139.55 |
| Tangible Book Value | 38.88B | 39.78B | 27.93B | 24.50B | 20.81B | 20.97B |
| Tangible Book Value Per Share | 280.21 | 283.81 | 200.70 | 177.78 | 148.99 | 139.44 |
Cash flow statement
Fiscal year January - December; amounts in HKD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 11.34B | 5.44B | 4.28B | 2.93B | 2.81B | |
| Depreciation & Amortization, Total | 222.99M | 175.50M | 171.21M | 149.65M | 120.13M | |
| Gain (Loss) On Sale of Investments | -329.60M | -18.42M | -127.27M | -24.79M | -26.00K | |
| Stock-Based Compensation | 343.02M | 334.93M | 290.83M | 204.53M | 98.91M | |
| Change in Accounts Receivable | -3.78B | -11.31B | -232.18M | 834.53M | -2.57B | |
| Change in Accounts Payable | 45.10B | 52.15B | -4.64B | 1.96B | 16.20B | |
| Change in Other Net Operating Assets | -12.09B | -16.07B | -6.03B | -2.76B | -10.50B | |
| Other Operating Activities | -349.67M | 122.40M | -83.33M | 80.96M | -159.66M | |
| Operating Cash Flow | 40.79B | 31.00B | -6.34B | 3.47B | 6.01B | |
| Capital Expenditures | -54.73M | -167.52M | -77.76M | -90.52M | -70.46M | |
| Cash Acquisitions | 476.66M | -1.66M | -17.54M | -109.53M | ||
| Investment in Securities | -2.21B | 273.11M | -2.35B | 293.91M | -893.11M | |
| Investing Cash Flow | -1.78B | 103.93M | -2.44B | 93.86M | -963.57M | |
| Short-Term Debt Issued | 197.36B | 85.51B | 79.58B | 70.81B | 53.48B | |
| Total Debt Issued | 197.36B | 85.51B | 79.58B | 70.81B | 53.48B | |
| Short-Term Debt Repaid | -190.92B | -85.46B | -76.41B | -74.69B | -52.61B | |
| Total Debt Repaid | -190.92B | -85.46B | -76.41B | -74.69B | -52.61B | |
| Net Debt Issued (Repaid) | 6.44B | 50.69M | 3.17B | -3.88B | 869.82M | |
| Issuance of Common Stock | 7.90M | 20.16M | 11.62M | 16.33M | 10.88B | |
| Repurchase of Common Stock | -874.69M | -3.15B | -1.18B | |||
| Common Dividends Paid | -2.15B | |||||
| Other Financing Activities | -16.86M | |||||
| Financing Cash Flow | 4.30B | 70.85M | 2.31B | -7.01B | 10.55B | |
| Foreign Exchange Rate Adjustments | 235.92M | -149.87M | 66.35M | -135.20M | 167.13M | |
| Net Cash Flow | 43.54B | 31.02B | -6.41B | -3.58B | 15.77B | |
| Free Cash Flow | 40.73B | 30.83B | -6.42B | 3.38B | 5.94B | |
| Free Cash Flow Margin | 193.15% | 257.49% | -70.51% | 46.23% | 88.17% | |
| Free Cash Flow Per Share | 288.16 | 220.11 | -45.84 | 23.52 | 38.97 | |
| Cash Interest Paid | 1.79B | 1.57B | 876.51M | 298.00M | 367.04M | |
| Cash Income Tax Paid | 1.65B | 761.91M | 698.82M | 694.97M | 102.89M |
Ratios
Fiscal year January - December; amounts in HKD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.80B | 22.86B | 11.03B | 7.63B | 5.66B | 6.35B |
| Last Close Price | 98.45 | 161.67 | 78.75 | 52.58 | 39.12 | 41.67 |
| PE Ratio | 10.52 | 15.70 | 15.74 | 13.92 | 15.08 | 17.62 |
| PS Ratio | 4.50 | 8.44 | 7.16 | 6.55 | 6.03 | 7.35 |
| PB Ratio | 2.76 | 4.41 | 3.06 | 2.42 | 2.12 | 2.36 |
| P/FCF Ratio | 2.66 | 4.37 | 2.78 | 13.04 | 8.34 | |
| P/OCF Ratio | 4.36 | 2.77 | 12.70 | 8.24 | ||
| Debt / Equity Ratio | 0.72 | 0.43 | 0.30 | 0.24 | 0.13 | 0.53 |
| Debt / FCF Ratio | 0.43 | 0.28 | 0.80 | 1.87 | ||
| Net Debt / Equity Ratio | -3.22 | -2.69 | -2.60 | -1.81 | -2.54 | -2.30 |
| Net Debt / FCF Ratio | -2.66 | -2.36 | 6.92 | -15.68 | -8.13 | |
| Asset Turnover | 0.10 | 0.11 | 0.09 | 0.10 | 0.07 | 0.08 |
| Quick Ratio | 1.10 | 1.16 | 1.18 | 1.28 | 1.25 | 1.23 |
| Current Ratio | 1.10 | 1.16 | 1.18 | 1.29 | 1.26 | 1.24 |
| Return on Equity (ROE) | 30.52% | 33.08% | 20.67% | 18.84% | 13.99% | 19.19% |
| Return on Assets (ROA) | 4.50% | 5.84% | 4.25% | 4.47% | 2.99% | 3.25% |
| Return on Invested Capital (ROIC) | 19.76% | 24.69% | 16.69% | 15.78% | 11.24% | 10.90% |
| Earnings Yield | 9.50% | 6.37% | 6.35% | 7.18% | 6.63% | 5.67% |
| FCF Yield | 37.61% | 22.89% | 35.98% | -10.77% | 7.67% | 12.00% |
| Dividend Yield | 2.46% | 1.59% | ||||
| Payout Ratio | 25.92% | 18.97% | ||||
| Buyback Yield / Dilution | -0.42% | -0.92% | -0.07% | 2.73% | 5.63% | -16.14% |
| Total Shareholder Return | 2.22% | 0.67% | -0.07% | 2.73% | 5.63% | -16.14% |