EToro beats expectations as net income jumps 37% in first quarter

EToro delivered a record quarterly performance in the first quarter of 2026 as strong commodities trading and expanding product offerings fueled growth across the platform.

The company reported net contribution of $258 million, a 19% increase from the prior year, while net income rose 37% to $82 million. Adjusted EBITDA climbed 35% to $109 million, supported by increased trading activity and customer engagement.

Funded accounts exceeded 4 million, up 12% year over year, and assets under administration grew to $17 billion. EToro also reported holding $1.3 billion in cash, cash equivalents, and short-term investments at the end of March.

Product launches accelerate across AI and trading

CEO Yoni Assia said the quarter combined strong financial execution with accelerated innovation across AI, trading, crypto, and wealth management products. The company launched 24/7 trading for select assets, enhanced access to Japanese equities, and introduced crypto trading for users in New York.

AI initiatives played a central role in the company’s product strategy during the quarter.

The company launched an in-platform App Store for trading and analytics applications, introduced AI-powered Agent Portfolios, and deepened integration between its AI assistant Tori and xAI’s Grok technology.

Expansion into crypto and wealth services

The company also expanded its wealth and payments businesses. UK cash ISA assets grew sharply, while the issuance of eToro Money cards more than doubled quarter over quarter during the European rollout.

In April, eToro finalized its acquisition of self-custodial crypto wallet provider Zengo. The company said the acquisition strengthens its ability to connect traditional investing products with blockchain infrastructure and crypto-native financial services.

EToro said it would continue investing in AI-powered investing tools, on-chain technologies, and international expansion as it seeks to capture long-term growth opportunities in retail investing.