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Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Aug 10, 2026
AI Summary
Q2 2026

Record half: Plus500 said H1 2026 delivered record financial and operating results, with customer income up 24% year on year to about $461 million and revenue up 12% to about $463 million.

U.S. growth: The U.S. non-OTC business grew about 30% year on year and now accounts for about 15% of group revenue, with management saying it is becoming a major growth engine.

Prediction markets: Plus500 expanded its U.S. prediction markets offering in February and June, including CFTC-regulated sports event contracts, and said this opens a large new long-term opportunity.

Capital returns: The company announced $182.5 million of additional returns, made up of $82.5 million in dividends and $100 million in new buybacks, while still holding over $860 million in cash and no debt.

Outlook: Management said the second half has started well and reiterated confidence in delivering full-year results in line with current market expectations, which they said have been upgraded several times during 2026.

Key Financials
Customer income
$461 million
Revenue
$463 million
EBITDA
$187.5 million
EBITDA margin
41%
Basic earnings per share
$2.17
Trading income
$441.8 million
Selling and marketing expenses
just over $201 million
Administrative and general expenses
just over $76 million
Advertising, technology and marketing investment
$80.9 million
Cash generated from operations
approximately $185 million
Cash and cash equivalents
approximately $860 million
Customer deposits
$3.4 billion
New customers
more than 65,000
Active customers
more than 197,000
Average user acquisition cost
$1,230
Operating cash conversion
99%
Non-OTC revenue
approximately $70 million
Shareholder returns announced today
$182.5 million
Dividends announced today
$82.5 million
Buyback programs announced today
$100 million
Total returns announced during 2026
$370 million
Total dividends announced during 2026
$170 million
Total buyback programs announced during 2026
$200 million

Other Earnings Calls

2026
2022