eToro Reports Strong Q2 2026 Results

eToro (NASDAQ: ETOR) published solid second-quarter 2026 financial results and, on the same day, announced a planned acquisition of US brokerage TradeZero. The trading and investing platform said net contribution rose 9% year over year to $229 million, helped mainly by stronger equities trading activity. Funded accounts increased 18% to 4.28 million, up from 3.63 million in the same period a year earlier.

Assets under administration climbed 10% to $19.2 billion. The company also reported $1.2 billion in cash, cash equivalents and short-term investments at the end of June, leaving it with a solid balance sheet to support the planned acquisition and ongoing investment.

Profitability improved across both GAAP and adjusted measures. GAAP net income jumped 77% to $53 million, compared with $30 million in last year's second quarter. Adjusted net income rose 17% to $63 million, while adjusted EBITDA increased 9% to $78 million. Diluted earnings per share came in at $0.58, up from $0.31 a year earlier.

CEO Yoni Assia said the quarter showed steady progress on eToro's long-term strategy. He pointed to the rollout of a new mobile app, growing adoption of self-custody crypto services and ongoing development of on-chain perpetual futures. Assia added that the TradeZero deal would strengthen eToro's position in the US market and give the platform additional tools aimed at active traders.

CFO Meron Shani said the numbers reflected the strength of eToro's multi-asset model, with users switching between commodities, equities and crypto as market conditions shift. He called TradeZero a complementary business and said the acquisition should be accretive to earnings.