eToro Group (ETOR) Q2 2026 earnings summary

Executive summary

• Achieved strong Q2 2026 growth, with funded accounts up 18% year-over-year to 4.28 million and assets under administration rising 10% to $19.2 billion.

• Net contribution increased 9% year-over-year to $229.4 million, driven by diversified revenue streams and increased equities trading.

• Net income reached $53.5 million, up 77% year-over-year, supporting continued investment in growth and innovation.

• Announced the planned acquisition of TradeZero for up to $231 million, strengthening U.S. and Canadian market presence and expanding active-trader capabilities.

• Launched significant product innovations, including a new AI-powered app, expanded agent ecosystem, and new offerings in trading, investing, wealth management, and neo-banking.

Financial highlights

• Adjusted EBITDA grew 9% year-over-year to $78.1 million, with a 34% margin.

• Net income for Q2 2026 was $53.5 million, compared to $30.2 million in Q2 2025.

• Adjusted diluted EPS for Q2 2026 was $0.68, up from $0.56 in Q2 2025.

• Assets under administration grew 10% year-over-year to $19.2 billion as of June 30, 2026.

• Cash, cash equivalents, and short-term investments totaled $1.2 billion at quarter end.

Outlook and guidance

• Q3 2026 OpEx expected to be slightly higher than Q2 due to continued investment in growth activities, mainly marketing and R&D.

• The TradeZero acquisition is expected to close in H1 2027, with anticipated EPS accretion before synergies.

• Management remains confident in sustainable, profitable growth and long-term shareholder value, with ongoing investment in AI-driven platform enhancements and global expansion.

• July KPIs: funded accounts up 18% year-over-year to 4.32 million; assets under administration at $18.5 billion, down 5% year-over-year due to crypto price declines.