- Plus500 Ltd (DI)
- 20 April 2026 07:42:13
Source: Sharecast
The company now expects FY 2026 revenue and earnings before interest, tax, depreciation and amortisation to be ahead of current market expectations of $779.3m and $360.4m respectively.
In an update for the three months to the end of March, the company said EBITDA rose 19% quarter-on-quarter and 2% year-on-year to $95.7m. Revenue jumped 24% and 18% respectively to $242.1m, driven by "strong" customer activity across both the OTC and non-OTC businesses.
Customer income increased 33% on the quarter and 53% on the year to a five-year record high of $270.6m, while new customers were up 53% and 48% respectively to 39,867. Plus500 said this reflected the strength of its proprietary technology-led customer acquisition model.
Active customers rose 28% and 21% to 157,703, reflecting higher levels of engagement and trading activity across platforms, it said.
Plus500 said: "The group entered FY 2026 with strong momentum, driven by continued growth in customer acquisition, increasing customer value and expansion across both its OTC and non-OTC businesses. Plus500 will continue to scale its operations through multiple growth drivers, supported by its highly cash-generative business model, proprietary technology, expanding global footprint and continued product innovation. The group is increasingly well positioned to capitalise on a significantly expanding addressable market, supported by its diversified and growing product offering.
"The group's growing presence in the US futures and prediction markets, combined with the increasing value and quality of its customer cohorts, is expanding its addressable market and strengthening the sustainability of its earnings profile."
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