Nasdaq-listed brokerage group Futu Holdings on Thursday reported first-quarter 2026 revenue up 24.7% year over year to HK$5,856 million and total client assets up 47.2% to HK$1.22 trillion, while net income fell 61.2% to HK$831 million after the company booked a proposed RMB1.85 billion CSRC penalty in its accounts.
The penalty, disclosed in a May 22 pre-notification letter, was reflected as an adjusted subsequent event under U.S. GAAP. Before the charge, Futu said net income would have been approximately HK$2,922 million.
The proposed penalty remains subject to further proceedings and final determination by the CSRC. Futu said it is entitled to submit statements, present defences and request a hearing.
“This amount does not impact our business fundamentals or financial stability,” said Arthur Yu Chen, Futu’s Chief Financial Officer.
Funded accounts rose 34.3% year over year to 3.59 million, trading volume climbed 29.1% to a record HK$4.15 trillion, and margin financing and securities lending balances increased 44.9% to HK$72.9 billion. Interest income grew 28.0% while brokerage commission income rose 14.3%.
Futu reiterated its full-year target of 800,000 net new funded accounts. Mainland China funded accounts represented about 13% of total funded accounts at quarter end.
