eToro funded accounts rise 18% to 4.39 million in Q3 as net income falls 74%
In brief
- eToro funded accounts rose 18% year-over-year to 4.39 million as of September 30.
- GAAP net income fell 74% to $15 million, down from $57 million a year earlier.
- Net contribution dropped 13% to $186 million; eToro cited weaker crypto trading activity.
- eToro authorized a $250 million buyback and is acquiring Argentine fintech LB Finanzas.
Account growth carried into October
The trading platform said funded accounts kept rising after the quarter closed. A provisional October figure put the total at 4.42 million, also up 18% from the prior year.
The profit line tells a different story.
Crypto trading weighs on net contribution
Net contribution (a revenue measure that strips out certain costs) dropped 13% to $186 million in the quarter, according to eToro's results. The company attributed much of that decline to weaker crypto trading activity, and its provisional October numbers point the same way. Crypto trades on the platform fell 62% year-over-year to 2.0 million for the month, while capital markets trades (covering assets such as stocks) slipped 22% to 48.2 million.
Assets under administration held flat at $20.8 billion for the quarter. October was softer, with that figure sliding 6% year-over-year to $19.2 billion.
It's not a uniform decline across segments, though. Capital markets net contribution rose 21% year-over-year. Crypto net trading contribution jumped 141% from the previous quarter, but it's still below year-earlier levels, the company said.
Buyback, a LatAm deal and a new app
eToro also authorized a $250 million share repurchase program. The company is acquiring LB Finanzas, an Argentine fintech, in a deal aimed at strengthening eToro's position in Latin America. On the product side, eToro launched a new AI-centric app during the quarter.
eToro went public on Nasdaq in May 2025. It built its reputation on social trading (letting users follow and copy other investors) alongside access to equities and crypto. The Q3 report shows that user base still growing, even as crypto trades on the platform fell sharply and earnings didn't keep pace with the account count.
