CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Trading platform Plus500 Q3 revenue rises on customer growth

By Reuters News


Overview

  • UK-listed trading platform operator's Q3 revenue rose 11% yr/yr to $203.2 mln

  • Q3 EBITDA grew 7% yr/yr to $88.4 mln, EBITDA margin at 44%

  • Company expects FY 2026 revenue and EBITDA ahead of current market expectations


Outlook

  • Plus500 expects FY 2026 revenue and EBITDA to be ahead of current market expectations

  • Company plans to launch a new US super-app in Q1 2027, expanding its product offering

  • Plus500 intends to roll out the super-app to additional global markets over time


Result Drivers

  • NEW CUSTOMER GROWTH - Co said strong growth in new customers, up 27% yr/yr in Q3, converted rapidly into high-quality revenue

  • PRODUCT EXPANSION - Co launched new OTC offerings and expanded into new geographies, broadening product choice and catering to evolving customer preferences

  • NON-OTC MOMENTUM - Co said its non-OTC business gained momentum, supported by new B2B partnerships and product launches, accounting for 16% of group revenue and 31% of new customers YTD


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$203.20 mln

Q3 EBITDA

$88.40 mln

Q3 EBITDA Margin

44.00%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the miscellaneous fintech infrastructure peer group is "buy"

  • Wall Street's median 12-month price target for Plus500 Ltd. is GBp4,720.00, about 43.5% above its October 23 closing price of GBp3,290.00

  • The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • Oct 23 - Trading platform MarketAxess's Q3 revenue misses on lower variable fees

  • Oct 23 - American Express Q3 revenue just misses estimates; lifts profit guidance

  • Oct 23 - SoftBank-backed OPay eyes up to $4.4 billion US IPO valuation


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.