eToro reported third-quarter 2026 results on November 10, showing user growth offset by significant profitability headwinds driven by a sharp decline in cryptocurrency trading activity. The Nasdaq-listed trading and investing platform grew funded accounts 18% year-over-year to 4.39 million while assets under administration held flat at $20.8 billion, but net income plummeted 74% to $15 million compared to $57 million in the prior-year quarter.
- Funded Accounts: 4.39 million, up 18% year-over-year
- Assets Under Administration: $20.8 billion, flat year-over-year
- Net Income (GAAP): $15 million, down 74% year-over-year
- Share Repurchase Authorization: $250 million
- Cash and Equivalents: $1.2 billion
The decline in profitability reflects a 13% drop in net contribution to $186 million, primarily driven by decreased crypto trading activity. Adjusted net income fell 60% to $24 million, while adjusted EBITDA declined 56% to $34 million. October metrics show continued weakness, with crypto trades falling 62% year-over-year and capital markets trades declining 22%, though the platform maintained its user acquisition momentum.
This quarter we launched the new eToro app, built from the ground up with AI at its core, enabling us to ship products faster to our global community. As markets move on chain and trading becomes 24/7, we continue to expand round-the-clock trading across more assets. Now we are taking it into the agentic era, combining the collective intelligence of our community with AI and advanced tools.
– Yoni Assia, Co-Founder and CEO, eToro
We delivered continued growth in our user base, with funded accounts up 18% year-over-year to 4.39 million and assets under administration of $20.8 billion. Capital markets net contribution increased 21% year over year, while crypto activity sequentially recovered. Our strong balance sheet and cash generation allow us to continue investing selectively in the platform, pursue strategic opportunities and return capital to shareholders through the $250 million share repurchase program.
– Meron Shani, CFO, eToro
eToro announced a $250 million share repurchase program and agreed to acquire LB Finanzas, a digital investment and payments platform in Argentina, to expand its Latin American footprint. The company launched its redesigned AI-powered app and expanded professional trading tools through its Edge desktop experience, while copy trading assets reached $2.4 billion in assets under management. Founded in 2007, eToro operates across 75 countries as a regulated platform combining traditional and digital assets.
Yoni Assia, Co-Founder and CEO at eToro. Source: LinkedIn
Meron Shani, CFO of eToro. Source: LinkedIn
