Plus500 reported annual revenue of $792.4 million for the 2025 financial year on Monday morning, up 3% from $768.3 million the prior year, with increased contributions from US futures and clearing services.
The company’s non-OTC business, which is basically its US futures business, generated over $100 million in revenue for the first time, representing roughly 12.6% of the group total. EBITDA rose 2% to $348.1 million, while basic earnings per share climbed 10% to $3.93.
Customer value and volume trends
Active customers fell 5% year-on-year to 242,440, and new customer sign-ups dropped 11% to 104,902. But average revenue per user rose 8% to $3,268, while the average deposit per active user more than doubled to approximately $26,900 from $12,000.
Half of OTC revenue now comes from customers who have traded on the platform for more than five years, a figure the company says has doubled since 2022. Customer acquisition costs fell 13% to $1,267 per user.
Plus500 ended the year debt-free with approximately $0.8 billion in cash, even after distributing $380 million to shareholders during 2025.
US prediction markets launch
On February 3, Plus500 launched a prediction markets offering on its Plus500 Futures platform, allowing US retail customers to trade event-based contracts through Kalshi, the first CFTC-regulated exchange dedicated to prediction markets. Plus500 clears the trades directly via its full clearing membership with Kalshi Klear LLC.
The move follows the company’s appointment in late 2025 as clearing partner for a new event-based contracts platform launched by CME Group in partnership with FanDuel.
“2025 marked a year of accelerated strategic progress for Plus500. We successfully scaled our non-OTC business into a key growth driver,” CEO David Zruia said.
Capital returns continue
Alongside the results, Plus500 announced a new $100 million share buyback programme as part of a broader $187.5 million shareholder return package that includes $87.5 million in dividends. The company had already been executing daily repurchases in early February, buying back shares at prices above 4,000p.
The group now holds 16 regulatory licences globally after securing new authorisations in the UAE and Canada during 2025, and establishing its first Latin American presence in Colombia.
