Plus500 Ltd said on Monday that it expects its performance in 2026 to exceed current market expectations, after delivering stronger-than-anticipated earnings in 2025. Results were supported by expanding institutional partnerships in U.S. prediction markets and continued progress in attracting higher-value clients.
The fintech broker reported full-year revenue of $792.4 million for the period ending December 31, up 3% from $768.3 million in 2024. Net profit also rose 3% to $281.3 million, while basic earnings per share increased 10% to $3.93 from $3.56.
Chief executive David Zruia said 2025 marked a year of accelerated strategic execution for the company, highlighting the successful scaling of its non-OTC business and stronger positioning as a provider of institutional trading infrastructure, alongside solid shareholder returns.
During the year, Plus500 completed the acquisition of Mehta Equities in India and secured clearing partnerships with CME Group and FanDuel for prediction markets. It also launched event-based contracts through Kalshi for retail traders earlier this month.
The company’s non-OTC segment, which includes futures and share dealing, generated more than $100 million in revenue in 2025, accounting for roughly 14% of total group revenue, up from around 9% a year earlier. Customer segregated funds in the non-OTC division surged 160% to $919.8 million from $353.8 million.
EBITDA for the year reached $348.1 million, compared with $342.3 million in 2024, resulting in an EBITDA margin of 44%. On a constant-currency basis, EBITDA was approximately 8% higher year over year.
Plus500 also reported a sharp rise in client quality metrics. Average deposits per active customer jumped 124% to about $26,900 from roughly $12,000, while average revenue per user climbed to a record $3,268, up from $3,023.
The number of active customers stood at 242,440, down from 254,138 in the prior year. New customer additions totaled 104,902, compared with 118,010 in 2024, while average acquisition costs declined 13% to $1,267.
The company noted that about half of its OTC revenue came from customers active for more than five years, while 89% of OTC revenue was generated by users trading via mobile or tablet devices.
Total shareholder returns for the year amounted to $187.5 million, including $100 million in share buybacks and $87.5 million in dividends. The board approved a final dividend of $0.43 per share and a special dividend of $0.81 per share, both with an ex-dividend date of February 19 and a payment date of July 9.
Since its IPO in 2013, Plus500 has returned approximately $2.9 billion to shareholders through dividends and buybacks.
During 2025, the company obtained new regulatory licenses in Canada, the UAE and Colombia, expanding its total to 17 licenses following the Mehta acquisition. It also secured a new commodities license in Japan.
Plus500 ended the year with cash balances of $801.6 million, compared with $890 million at the end of 2024.
