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Moomoo's Parent Company Futu Reports Strong Financial Growth for Q4 and Full Year 2024

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Futu Holdings (FUTU) reported exceptional financial performance for Q4 2024, with revenues reaching US$570.6 million (up 86.8% YoY) and non-GAAP adjusted net income of US$251.3 million (up 105.4% YoY). For full-year 2024, revenues hit US$1.75 billion with adjusted net income of US$742.6 million.

The company demonstrated strong user growth, reaching 25 million global users and 2.41 million paying clients (up 41% YoY). Total client assets grew 53% YoY to US$95.7 billion. Trading volumes reached an all-time high of US$371.5 billion in Q4, with US stock trading volume surging 195% YoY to US$267 billion.

Moomoo expanded significantly across global markets, particularly in Singapore, Japan, Canada, Malaysia, and Australia. The wealth management business doubled its assets under management to over US$14 billion compared to 2023 year-end. The company enhanced its product offerings with new features including Japanese stock options trading and bond trading services in Singapore and Hong Kong.

Futu Holdings (FUTU) ha riportato una performance finanziaria eccezionale per il quarto trimestre del 2024, con ricavi che hanno raggiunto 570,6 milioni di dollari USA (in aumento dell'86,8% rispetto all'anno precedente) e un reddito netto rettificato non-GAAP di 251,3 milioni di dollari USA (in aumento del 105,4% rispetto all'anno precedente). Per l'intero anno 2024, i ricavi hanno toccato 1,75 miliardi di dollari USA con un reddito netto rettificato di 742,6 milioni di dollari USA.

L'azienda ha dimostrato una forte crescita degli utenti, raggiungendo 25 milioni di utenti globali e 2,41 milioni di clienti paganti (in aumento del 41% rispetto all'anno precedente). Gli attivi totali dei clienti sono cresciuti del 53% rispetto all'anno precedente, arrivando a 95,7 miliardi di dollari USA. I volumi di trading hanno raggiunto un massimo storico di 371,5 miliardi di dollari USA nel quarto trimestre, con il volume di trading delle azioni statunitensi che è aumentato del 195% rispetto all'anno precedente, toccando 267 miliardi di dollari USA.

Moomoo si è espansa significativamente nei mercati globali, in particolare a Singapore, Giappone, Canada, Malesia e Australia. Il settore della gestione patrimoniale ha raddoppiato i suoi attivi in gestione, superando i 14 miliardi di dollari USA rispetto alla fine del 2023. L'azienda ha migliorato la sua offerta di prodotti con nuove funzionalità, tra cui il trading di opzioni su azioni giapponesi e servizi di trading di obbligazioni a Singapore e Hong Kong.

Futu Holdings (FUTU) reportó un desempeño financiero excepcional para el cuarto trimestre de 2024, con ingresos que alcanzaron 570,6 millones de dólares estadounidenses (un aumento del 86,8% interanual) y un ingreso neto ajustado no-GAAP de 251,3 millones de dólares estadounidenses (un aumento del 105,4% interanual). Para todo el año 2024, los ingresos alcanzaron 1,75 mil millones de dólares estadounidenses con un ingreso neto ajustado de 742,6 millones de dólares estadounidenses.

La compañía demostró un fuerte crecimiento de usuarios, alcanzando 25 millones de usuarios globales y 2,41 millones de clientes pagos (un aumento del 41% interanual). Los activos totales de los clientes crecieron un 53% interanual, llegando a 95,7 mil millones de dólares estadounidenses. Los volúmenes de negociación alcanzaron un máximo histórico de 371,5 mil millones de dólares estadounidenses en el cuarto trimestre, con el volumen de negociación de acciones estadounidenses aumentando un 195% interanual, alcanzando 267 mil millones de dólares estadounidenses.

Moomoo se expandió significativamente en los mercados globales, particularmente en Singapur, Japón, Canadá, Malasia y Australia. El negocio de gestión de patrimonio duplicó sus activos bajo gestión a más de 14 mil millones de dólares estadounidenses en comparación con el final de 2023. La empresa mejoró su oferta de productos con nuevas características, incluyendo el comercio de opciones sobre acciones japonesas y servicios de comercio de bonos en Singapur y Hong Kong.

Futu Holdings (FUTU)는 2024년 4분기 뛰어난 재무 성과를 보고했으며, 수익은 5억 7천 6백만 달러에 달하며(전년 대비 86.8% 증가) 비-GAAP 조정 순이익은 2억 5천 1백 3십만 달러로(전년 대비 105.4% 증가) 나타났습니다. 2024년 전체 연도에 대한 수익은 17억 5천만 달러에 이르렀고 조정 순이익은 7억 4천 2백 6십만 달러에 달했습니다.

회사는 2천 5백만 명의 글로벌 사용자241만 명의 유료 고객에 도달하며 강력한 사용자 성장을 보여주었습니다(전년 대비 41% 증가). 총 고객 자산은 전년 대비 53% 증가하여 9천 5백 7십억 달러에 도달했습니다. 거래량은 4분기 동안 3천 7백 1억 5천만 달러로 사상 최고치를 기록했으며, 미국 주식 거래량은 전년 대비 195% 증가하여 2천 6백 7십억 달러에 달했습니다.

Moomoo는 싱가포르, 일본, 캐나다, 말레이시아 및 호주와 같은 글로벌 시장에서 크게 확장되었습니다. 자산 관리 사업은 2023년 말과 비교하여 관리 자산을 140억 달러 이상으로 두 배로 늘렸습니다. 회사는 일본 주식 옵션 거래 및 싱가포르와 홍콩의 채권 거래 서비스와 같은 새로운 기능으로 제품 제공을 개선했습니다.

Futu Holdings (FUTU) a rapporté une performance financière exceptionnelle pour le quatrième trimestre 2024, avec des revenus atteignant 570,6 millions de dollars américains (en hausse de 86,8 % par rapport à l'année précédente) et un revenu net ajusté non-GAAP de 251,3 millions de dollars américains (en hausse de 105,4 % par rapport à l'année précédente). Pour l'année entière 2024, les revenus ont atteint 1,75 milliard de dollars américains avec un revenu net ajusté de 742,6 millions de dollars américains.

L'entreprise a démontré une forte croissance des utilisateurs, atteignant 25 millions d'utilisateurs dans le monde et 2,41 millions de clients payants (en hausse de 41 % par rapport à l'année précédente). Les actifs totaux des clients ont augmenté de 53 % par rapport à l'année précédente, atteignant 95,7 milliards de dollars américains. Les volumes de transactions ont atteint un niveau record de 371,5 milliards de dollars américains au quatrième trimestre, avec un volume de transactions d'actions américaines en hausse de 195 % par rapport à l'année précédente, atteignant 267 milliards de dollars américains.

Moomoo s'est considérablement étendu sur les marchés mondiaux, en particulier à Singapour, au Japon, au Canada, en Malaisie et en Australie. Le secteur de la gestion de patrimoine a doublé ses actifs sous gestion à plus de 14 milliards de dollars américains par rapport à la fin de 2023. L'entreprise a amélioré son offre de produits avec de nouvelles fonctionnalités, y compris le trading d'options sur actions japonaises et des services de trading d'obligations à Singapour et à Hong Kong.

Futu Holdings (FUTU) hat für das vierte Quartal 2024 eine außergewöhnliche finanzielle Leistung gemeldet, mit Einnahmen von 570,6 Millionen US-Dollar (ein Anstieg von 86,8% im Vergleich zum Vorjahr) und einem bereinigten Nettoergebnis nach non-GAAP von 251,3 Millionen US-Dollar (ein Anstieg von 105,4% im Vergleich zum Vorjahr). Für das gesamte Jahr 2024 beliefen sich die Einnahmen auf 1,75 Milliarden US-Dollar mit einem bereinigten Nettoergebnis von 742,6 Millionen US-Dollar.

Das Unternehmen zeigte ein starkes Nutzerwachstum und erreichte 25 Millionen globale Nutzer und 2,41 Millionen zahlende Kunden (ein Anstieg von 41% im Vergleich zum Vorjahr). Die Gesamtvermögen der Kunden wuchsen im Vergleich zum Vorjahr um 53% auf 95,7 Milliarden US-Dollar. Die Handelsvolumina erreichten im vierten Quartal mit 371,5 Milliarden US-Dollar einen Rekordwert, wobei das Handelsvolumen für US-Aktien im Vergleich zum Vorjahr um 195% auf 267 Milliarden US-Dollar anstieg.

Moomoo hat sich erheblich auf den globalen Märkten ausgeweitet, insbesondere in Singapur, Japan, Kanada, Malaysia und Australien. Das Vermögensverwaltungsunternehmen verdoppelte seine verwalteten Vermögenswerte auf über 14 Milliarden US-Dollar im Vergleich zum Jahresende 2023. Das Unternehmen verbesserte sein Produktangebot mit neuen Funktionen, darunter den Handel mit japanischen Aktienoptionen und Dienstleistungen für den Anleihehandel in Singapur und Hongkong.

Positive
  • Revenue surge of 86.8% YoY to US$570.6M in Q4 2024
  • Non-GAAP adjusted net income up 105.4% YoY to US$251.3M in Q4
  • Total client assets grew 53% YoY to US$95.7B
  • Record trading volume of US$371.5B in Q4
  • Paying clients increased 41% YoY to 2.41M
  • Wealth management assets doubled to US$14B
  • Exceeded full-year guidance with 701K new paying clients
Negative
  • None.

Insights

Futu's Q4 and full-year 2024 results showcase extraordinary financial acceleration with Q4 revenue soaring 86.8% year-over-year to $570.6 million and non-GAAP adjusted net income growing 105.4% to $251.3 million. The disproportionately higher profit growth versus revenue demonstrates significant operating leverage in Futu's business model.

The company's client metrics reflect powerful momentum with paying clients up 41% to 2.41 million and total client assets reaching $95.7 billion (up 53% YoY). Particularly impressive is Futu's ability to exceed its full-year guidance for new paying clients by 27%, acquiring 701,000 new paying clients in 2024.

Trading volumes reached all-time highs at $371.5 billion, with US stock trading volume surging 195% YoY. This dramatic increase in trading activity indicates Futu is successfully capturing cross-border trading opportunities while expanding its asset classes.

The wealth management segment shows promising diversification with assets under management now exceeding $14 billion, nearly doubling from year-end 2023. This suggests Futu is successfully evolving beyond pure brokerage into a more comprehensive financial services platform.

Most notable is Futu's ability to maintain hyper-growth in mature markets like Hong Kong (where it reaches over half the adult population) while simultaneously achieving breakthrough expansion in newer markets like Japan, Canada, and Malaysia. This balanced geographic portfolio reduces regulatory concentration risk while maximizing growth potential.

Futu's product development strategy demonstrates sophisticated platform evolution beyond core brokerage functionality. The redesigned desktop version and market-specific feature implementations (Japanese stock options trading, Australian stock recurring investment plans) reflect a nuanced understanding of regional preferences while maintaining a unified global technology architecture.

The company's ecosystem development approach is particularly strategic, creating a network effect through partnerships with established players like Nasdaq, TradingView, and Seeking Alpha. These collaborations enhance platform stickiness while expanding Futu's reach into new customer segments without proportionate customer acquisition costs.

User engagement metrics validate Futu's product strategy, with daily active usage increasing across all markets and double-digit YoY improvements in Singapore, Malaysia, and Australia. The doubling of online course learners quarter-over-quarter suggests the content strategy is effectively driving platform engagement.

App store performance data confirms Futu's market leadership, with top rankings for downloads and daily active users in Singapore and Malaysia, breakthrough top positioning in Australia, and second-place standing in Japan. More importantly, the consistently high user ratings across both Google Play and App Store indicate strong product satisfaction and reduced churn risk.

The technical infrastructure appears to be scaling effectively to support the 195% YoY increase in US stock trading volume and the addition of new asset classes like cryptocurrencies. This demonstrates backend robustness while the engagement metrics validate frontend usability - a challenging balance for fintech platforms managing rapid global expansion.

JERSEY CITY, N.J., March 13, 2025 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or "the Company") (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, announced its unaudited Q4 2024 earnings with US$570.6 million in revenues, up 86.8% year-over-year ("YoY"), and US$251.3 million in non-GAAP adjusted net income, a 105.4% YoY increase.

For the year ended December 31, 2024, the Company recorded US$1.75 billion in revenues and US$742.6 million in non-GAAP adjusted net income, representing a YoY increase of 35.8% and 26.2%, respectively.

A Deepened Globalization Strategy Boosts Client Acquisition and Trading Activities

The Company reported robust growth in user and client acquisition for Q4, posting over 25 million global users at the year end that includes 2.41 million paying clients, up 16% and 41% YoY respectively. Total client assets achieved US$95.7 billion with a YoY increase of 53%. In the full year of 2024, the Company acquired over 701 thousand new paying clients, representing 127% of its full-year guidance.

The Company sustained robust growth momentum across all markets where moomoo operates. Q4 marked the strongest quarter in users and paying clients growth in Singapore over the past 10 quarters, while double-digit increases in both metrics were recorded in Japan, Canada, Malaysia and Australia. In terms of client assets, all markets experienced a double-digit quarterly rise, with newly penetrated markets such as Japan, Canada, and Malaysia reporting a high growth rate.

In Hong Kong, where its platform is known as Futubull, the Company further strengthened its market-leading position this quarter. The user base continued to expand, now reaching over half of the local adult population. The quarter-over-quarter growth in paying clients reached the highest level in recent three years, with the year-end average client assets ascending to a record high, highlighting a continued asset inflow from institutions and the private wealth segment.

Driven by its diversification strategy globally, the Company's trading activities increased notably across multiple assets, bringing the Q4 trading volume up to an all-time high at US$371.5 billion. The total quarterly trading volume for US stocks surged by 195% YoY to a historic peak of over US$267 billion, and that for Hong Kong stocks exceeded US$97 billion, representing a three-year high. Additionally, the Company's crypto trading services that were launched in Singapore and Hong Kong continued to gain traction, with the number of traders and trading volume both soaring in Q4. The average deposit into crypto accounts increased significantly, showing growing confidence in this particular asset among investors.

The wealth management business also saw rapid expansion this quarter, with the assets under management surpassing US$14 billion, almost doubling in size compared to 2023 year-end.

User Engagement Propelled by Enhanced Product Capabilities and Ecosystem Development

In Q4, the Company continuously optimized user experience through a series of product launches and upgrades. A redesigned desktop version of moomoo was released, offering a more tailored interface and advanced features. In Japan, moomoo collaborated with the Japan Exchange Group to offer Japanese stock options trading, and in Australia, moomoo is a pioneer in Australian stock recurring investment plan. In Singapore and Hong Kong, the Company established a bond trading desk this quarter to help clients execute large and complex bond orders.

As a global brand operating in various markets, moomoo is dedicated to fostering an ecosystem featuring transparent, high-quality content and seamless communication among investors, listed companies, media and other financial partners. As part of the global strategic partnership initiatives between the Company and Nasdaq, moomoo launched its inaugural Global Paper Trading Challenge in Q4, assembling over 150,000 challengers worldwide and advancing financial literacy through hands-on market education. Additionally, moomoo established global partnerships with well-known investment service providers such as TradingView and Seeking Alpha, creating value for both moomoo users and its partners. Traders on the TradingView platform named moomoo as 2024 Best Stock Broker.

Bolstered by a more integrated ecosystem, user engagement improved as the daily active usage on moomoo app significantly increased across all markets, with a double-digit YoY rise in Singapore, Malaysia and Australia. The Company also reported the number of moomoo online course learners doubled compared to last quarter, in line with the rapid surge in user activities across its platforms.

In Q4, the moomoo app secured the top spot in Singapore and Malaysia among brokerages in terms of accumulated downloads and daily active users for quarters running. In Australia, moomoo achieved a breakthrough, ranking the top by annual downloads for the first time among local broker apps. In Japan, moomoo maintained in second place by downloads for the second consecutive quarter. In Singapore, Japan and Malaysia, moomoo app continued to lead the industry by receiving the highest user ratings on both Google Play and App Store*.

*Source: data.ai

About moomoo

Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.

Founded in the US, moomoo has expanded its global presence to serve investors across multiple markets, including Singapore, Australia, Japan, Canada, and Malaysia. As a subsidiary of a Nasdaq-listed company, moomoo is trusted by over 25 million investors worldwide and has earned recognition from leading financial institutions and publications for its innovation and reliability.

For more information, please visit moomoo's official website at www.moomoo.com

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FAQ

What was Futu Holdings (FUTU) revenue growth in Q4 2024?

Futu's Q4 2024 revenue grew 86.8% year-over-year to US$570.6 million.

How many paying clients does FUTU have as of Q4 2024?

FUTU reported 2.41 million paying clients, representing a 41% year-over-year increase.

What was FUTU's total trading volume in Q4 2024?

FUTU achieved an all-time high trading volume of US$371.5 billion in Q4 2024.

How much are FUTU's total client assets as of Q4 2024?

Total client assets reached US$95.7 billion, showing a 53% year-over-year increase.

What is the size of FUTU's wealth management business in Q4 2024?

FUTU's wealth management assets under management exceeded US$14 billion, nearly doubling from 2023 year-end.
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