eToro Group Ltd. (NASDAQ: ETOR) reported second quarter 2026 results on August 11, delivering net contribution growth of 9% year-over-year to $229 million, while simultaneously announcing its acquisition of TradeZero, a US-based online brokerage. The Dublin-headquartered trading and investing platform attributed the financial performance to increased equities trading activity and strength across its multi-asset offerings, as the company continues expanding its presence in active trading markets.
- Net Contribution: $229 million, up 9% YoY
- Funded Accounts: 4.28 million, up 18% YoY
- Net Income (GAAP): $53 million, up 77% YoY
- Assets under Administration: $19.2 billion, up 10% YoY
- Cash Position: $1.2 billion as of June 30, 2026
- Diluted EPS (GAAP): $0.58, compared to $0.31 in Q2 2025
Funded accounts expanded 18% year-over-year to 4.28 million, driven by user acquisition and retention efforts, while adjusted net income grew 17% to $63 million. The company’s adjusted EBITDA climbed 9% to $78 million, reflecting resilience across diversified revenue streams.
CFO Meron Shani highlighted cross-asset engagement, noting that more than 60% of users who traded commodities in late 2025 subsequently traded equities in Q2 2026, with nearly nine in ten also trading crypto, demonstrating effective monetization across market cycles.
Meron Shani, Group Chief Financial Officer at eToro. Source: LinkedIn
The TradeZero acquisition represents eToro’s third deal signed this year and underscores management’s strategy to strengthen its US market position while enhancing capabilities for active traders. The transaction, expected to close in the first half of 2027, is projected to be accretive to earnings.
During the quarter, eToro launched a redesigned mobile application featuring AI-driven capabilities and introduced new products including sub-accounts, eToro Edge for active traders, and eToro Wealth, alongside expanded self-custody offerings and progress on on-chain perpetual futures development.
July metrics revealed mixed signals heading into the second half of 2026. Assets under administration declined 5% year-over-year to $18.5 billion, while total capital markets trades remained flat at 48.5 million. Crypto trading volume deteriorated sharply, with the number of crypto trades falling 73% and invested amount per trade dropping 50%, though total money transfers increased 10% to $1.1 billion, suggesting sustained user engagement in banking services.
