eToro reported record first-quarter 2026 results on Tuesday, with revenue rising 19% year over year to $258 million and net income climbing 37% to $82 million.
Commodities CFD trading accounted for approximately 60% of trading commissions in the quarter, with volumes increasing nearly fourfold year over year, according to the company’s earnings release. Commodities were the largest source of trading commissions in the quarter.
“Strong first quarter 2026 results supported by a surge in commodities trading, demonstrated the strength of our multi-asset business model,” said Meron Shani, eToro CFO.
Despite the rise in CFD trading, spot crypto trading fell off a cliff at the firm. Revenue from cryptoassets, which eToro reports as a gross figure on its income statement, dropped from $3.5bn to under $2.2bn. However, the net loss on this business line fell from around $28m to $18m.
Funded accounts rose 12% to 4.02 million and assets under administration increased 15% to $17.0 billion.
On the product side, eToro said it launched 24/7 trading for select commodities, equities and indices, introduced crypto trading in New York after activating its BitLicense and Money Transmitter License, and closed its acquisition of self-custodial crypto wallet provider Zengo on April 30.
April data showed assets under administration reaching $18.7 billion, funded accounts at 4.07 million and total money transfers up 53% year over year to $1.4 billion.
