Plus500 (PLUS) Q1 2026 TU earnings summary

Executive summary

• Achieved strong Q1 2026 performance with high-quality revenue growth, driven by proprietary technology and efficient customer acquisition.

• Customer Income reached a five-year record high, supported by a strategic shift toward higher-value customers and heightened market volatility.

• Significant progress in the US, including B2C prediction markets launch and expanded B2B partnerships.

Financial highlights

• Q1 2026 revenue rose 24% QoQ and 18% YoY to $242.1m, with trading income of $231.7m and interest income of $10.4m.

• EBITDA increased 19% QoQ and 2% YoY to $95.7m, with a 40% EBITDA margin.

• Customer Income up 33% QoQ and 53% YoY to $270.6m.

• New Customers grew 53% QoQ and 48% YoY to 39,867; Active Customers up 28% QoQ and 21% YoY to 157,703.

• Total customer deposits reached a record $1.8bn.

Outlook and guidance

• FY 2026 revenue and EBITDA expected to exceed current market expectations ($779.3m and $360.4m, respectively).

• Continued scaling of operations, product innovation, and expansion in US futures and prediction markets anticipated.