eToro (UK) Limited reported net income of $177.7 million for the financial year ending Dec. 31, 2024, marking a 41% increase from $125.7 million in the prior year, according to filings with Companies House.
The FCA-regulated social trading platform posted a profit before tax of $6.4 million, nearly doubling from $3.2 million in 2023. After-tax profit rose to $6.0 million from $2.5 million the previous year.
Trading commissions, the company’s largest revenue stream, climbed 38% to $145.9 million from $106.0 million. Other commissions, which include marketing services and conversion fees, increased 77% to $23.9 million from $13.5 million.
Operating profit reached $6.4 million, compared with $1.4 million in 2023. Administrative and operating expenses totaled $171.3 million, up from $124.3 million, with intercompany fees representing the largest cost component at $141.8 million.
The company administered $472.1 million in client money as of Dec. 31, 2024, up from $320.5 million the prior year. Client custody assets totaled $1.77 billion, compared with $60.4 million in 2023, following a sub-custodian agreement with eToro (Europe) Limited entered in January 2024.
Average headcount declined to 59 employees from 60. Total equity increased to $47.8 million from $41.3 million, with retained profits growing to $17.3 million from $11.2 million.
The company’s parent entity, eToro Group Limited, filed a Registration Statement with the SEC in April 2025 for a proposed initial public offering, though the company noted there is no certainty on timing.
