Futu Holdings Limited announced its unaudited financial results for Q4 and full year 2024, showcasing significant growth across several key metrics.
Record Financial Results
In Q4 2024, Futu Holdings experienced substantial increases in various operational metrics. The total number of paying clients increased by 41% year-over-year, reaching 2,411,324. Registered clients and users also saw significant growth, with total client assets soaring by 53.1% year-over-year to HK$743.3 billion. Daily average client assets reached HK$722.3 billion, reflecting a 53.6% increase compared to the same period in 2023. Financially, Futu reported strong Q4 growth with revenues reaching HK$4,432.5 million, up 86.8% from the previous year. Net income substantially rose by 113.3% year-over-year, totaling HK$1,869.5 million. Non-GAAP adjusted net income saw a 105.4% increase, reaching HK$1,952.3 million.
Impact of Trading Volumes
The total trading activity in Q4 2024 reached a record HK$2.89 trillion, marking a 201.7% year-over-year increase and a 51.5% rise quarter-over-quarter. U.S. stock trading volume alone increased by 36.1% sequentially to HK$2.08 trillion. This growth was largely driven by the trading performance of AI and cryptocurrency-related stocks, which became some of the most actively traded on Futu's platform in 2024.
2025 Growth Prospects
Looking towards 2025, Futu Holdings is optimistic about its growth prospects, planning to add 800,000 new paying clients by expanding its presence in key markets such as Hong Kong, Singapore, Malaysia, and Japan. Futu is also aiming to broaden its range of structured products in Hong Kong and Singapore and improve its U.S. stock trading experience.
Futu Holdings concluded 2024 with impressive financial achievements and ambitious plans for 2025, aiming to solidify its position as a leader in online brokerage and wealth management.
