Plus500 registers 12% Y/Y increase in revenue in H1 2026

Online trading firm Plus500 Ltd (LON:PLUS) today published its trading update for the six months ended 30 June 2026, reporting a 12% year-on-year increase in revenue to $462.9 million, the highest figure in three years. Customer income reached a five-year record of $460.8 million, up 24% from $371.5 million in the same period last year.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 1% to $187.5 million, yielding an EBITDA margin of 41%. The group highlighted that its flexible cost base allowed it to invest in growth while maintaining strong profitability. Revenue growth was supported by heightened market volatility and structural diversification across business lines.

During the period, Plus500 increased spending on customer acquisition, resulting in 65,723 new customers, a 17% increase year on year. Active customers grew 10% to 197,294. The non-OTC segment, encompassing the company’s expanding US operations, contributed approximately 15% of total group revenue—roughly $70 million—representing around 30% year-on-year growth.

The company’s balance sheet remained debt-free, with cash balances exceeding $850 million as of 30 June 2026.

CEO David Zruia commented that the first half delivered the strongest customer income in five years, reflecting both the quality of the customer base and proprietary technology. In the US, Plus500 launched a B2C prediction markets offering in February 2026 and recently introduced CFTC-regulated sports event-based contracts, described as the highest-engagement category in prediction markets. The company also launched a localised trading platform in Canada and introduced new products across stocks and ETFs.

Plus500 enters the second half of 2026 with what it describes as strong operational momentum. The board expects full-year 2026 revenue and EBITDA to be in line with current market expectations, following several upgrades earlier this year.