Futu Q1 2026 revenue up 24.7% but net income drops 61.2% due to regulatory penalty in China

Futu Holdings reported a 24.7% revenue increase to HK$5.86 billion in Q1 2026, driven by growth in funded accounts, client assets, and trading volume. However, net income fell 61.2% to HK$831 million, mainly due to a RMB1.85 billion regulatory penalty from China's securities regulator. Despite this, Futu remains confident in its growth prospects, expanding product offerings and client base across Hong Kong, Singapore, and Japan. The company also continues its share repurchase program and plans to maintain long-term growth amid market volatility.