eToro's third-quarter GAAP net income fell 74% from $57 million to $15 million, the group reported on 10 November 2026. Net contribution fell 13%, to $186 million from $215 million, mainly because of lower crypto trading activity. Chief financial officer Meron Shani said capital markets net contribution rose 21% year on year and crypto activity recovered from the preceding quarter.
Adjusted net income fell 60% to $24 million from $60 million, and adjusted EBITDA fell 56% to $34 million from $78 million. GAAP diluted earnings per share moved from $0.53 to $0.14, and adjusted diluted EPS from $0.60 to $0.26. Funded accounts reached 4.39 million, up 18% from 3.73 million. At 30 September, assets under administration were flat year on year at $20.8 billion. Cash, equivalents and short-term investments totalled $1.2 billion.
In October, funded accounts rose 18% year on year to 4.42 million while assets under administration fell 6% to $19.2 billion. Capital markets and ECC activity recorded 48.2 million trades, down 22%, with $184 invested per trade, down 49%. Crypto recorded 2 million trades, down 62%, at $228 per trade, down 29%. Interest-earning assets fell 20% to $7 billion and money transfers fell 21% to $1.1 billion.
The group expanded its Edge desktop offering and round-the-clock instrument range. Adoption of margin buying power tripled from the previous quarter. Users of API and AI-agent trading rose 250% quarter on quarter, and the App Store had more than 250 active apps. eToro also reported new Claude, ChatGPT and Grok connections and continued development of Tori within controls set by users.
Copy Trading reached $2.4 billion in assets under management. The company reported growth in Alpha and Agent Portfolios, launched 26 Smart Portfolios in the US and said European debit-card issuance had increased while local payments and wallets were being developed. It also reiterated its agreement to acquire Argentina's LB Finanzas.
The board authorised up to $250 million of share repurchases. The company cited open-market purchases, including Rule 10b5-1 plans, private transactions, block trades and accelerated buybacks as possible methods. eToro said the programme gives it flexibility for future deals and reflects its view that the share price understates the business. Timing and amounts depend on market conditions, liquidity and other requirements.
Sources eToro / GlobeNewswire · TradeInformer
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