Futu Posts Record Quarter Growth Despite Compliance Rules Pressure
Futu reported a record quarter with revenue up 35.6% year over year to HK$7.2 billion and net income rising 41.6% to HK$3.6 billion, lifting net margin to 50.6%. Client assets grew 43.6% to HK$1.4 trillion and leverage balances jumped 85.1% to HK$95.1 billion. Trading volume surged to HK$6.42 trillion as new compliance rules also drove asset outflows and higher acquisition costs, weighing on net new funded accounts.