eToro Reports Record Q1 2026 Earnings Driven by Commodities Shift
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2026
0mins
Source: seekingalpha
- Strong Performance: eToro achieved a net contribution of $258 million in Q1 2026, a 19% year-over-year increase, while adjusted EBITDA rose 35% to $109 million, reflecting the company's robust performance and enhanced profitability as a public entity.
- Commodity Trading Dominance: Commodities accounted for 60% of trading commissions in Q1, with volumes increasing nearly fourfold year-over-year, indicating a successful shift in trading focus that has engaged users and strengthened market competitiveness.
- Strategic Expansion: eToro rolled out 24/7 trading across multiple asset classes and added Japanese equities, allowing users to trade from 26 leading exchanges, thereby broadening market access and enhancing user experience and market share.
- Capital Buybacks and Acquisitions: The company repurchased approximately 3.3 million shares for $103 million in Q1 and announced the acquisition of Zengo, demonstrating eToro's proactive approach to capital allocation and market expansion aimed at enhancing long-term growth potential.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ETOR?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on ETOR
Wall Street analysts forecast ETOR stock price to rise
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 39.940
Low
39.00
Averages
56.00
High
78.00
Current: 39.940
Low
39.00
Averages
56.00
High
78.00
About ETOR
eToro Group Ltd is an Israel-based company. The Company is primarily engaged in operation of eToro, a social investment network and platform. On the eToro platform, users can view other investors’ portfolios and statistics, as well as interact with them to exchange ideas, discuss strategies and benefit from shared knowledge. Users are offered a choice of various asset classes to invest in, including traditional assets, such as equities, currencies or commodities alongside new assets, such as Bitcoin and Ethereum, and may pursue a variety of investment strategies. eToro users can trade directly, copy the trades of other investors (by using eToro CopyTrader) or invest in a portfolio on the eToro platform.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
eToro Reports Record Q1 2026 Earnings Driven by Commodities Shift
- Strong Performance: eToro achieved a net contribution of $258 million in Q1 2026, a 19% year-over-year increase, while adjusted EBITDA rose 35% to $109 million, reflecting the company's robust performance and enhanced profitability as a public entity.
- Commodity Trading Dominance: Commodities accounted for 60% of trading commissions in Q1, with volumes increasing nearly fourfold year-over-year, indicating a successful shift in trading focus that has engaged users and strengthened market competitiveness.
- Strategic Expansion: eToro rolled out 24/7 trading across multiple asset classes and added Japanese equities, allowing users to trade from 26 leading exchanges, thereby broadening market access and enhancing user experience and market share.
- Capital Buybacks and Acquisitions: The company repurchased approximately 3.3 million shares for $103 million in Q1 and announced the acquisition of Zengo, demonstrating eToro's proactive approach to capital allocation and market expansion aimed at enhancing long-term growth potential.
See More
Crypto Markets Poised for Recovery Towards Record Levels
- Market Recovery Outlook: eToro CEO Yoni Assia indicated that crypto markets could regain momentum and approach all-time highs later in 2026 as investor engagement begins to recover, reflecting a gradual restoration of market confidence.
- Bitcoin Price Fluctuations: Bitcoin surged to approximately $126,000 last October before dropping to around $65,000, but has recently climbed back above $80,000, demonstrating market stability and rebound potential.
- Active Retail Traders: Assia noted that retail traders on eToro have continued to 'buy the dip' during market downturns, indicating a strengthened willingness to participate as prices recover and volatility returns.
- Global Trading Activity Resurgence: Looking ahead, Assia expects cryptocurrencies to move back toward all-time highs alongside a broader resurgence in global trading activity, suggesting sustained long-term confidence in digital assets.
See More
eToro Q1 Earnings Beat Expectations with 19% Net Contribution Growth
- Earnings Beat: eToro reported a Q1 Non-GAAP EPS of $0.91, exceeding expectations by $0.21, indicating strong profitability despite a 35.1% year-over-year revenue decline to $2.44 billion.
- Net Contribution Growth: The net contribution increased by 19% year-over-year to $258 million, compared to $217 million in Q1 2025, primarily driven by increased commodities trading activity, showcasing the company's ability to capitalize on market volatility.
- Significant Customer Growth: Funded accounts rose by 12% year-over-year to 4.02 million, reflecting an expanding customer base and increased user trust in the platform, which further solidifies the company's market position.
- Asset Management Improvement: As of March 31, 2026, assets under administration grew by 15% year-over-year to $17.0 billion, demonstrating robust growth in asset management and enhancing its competitive edge in the financial services industry.
See More
eToro Q1 Earnings Exceed Expectations
- Strong Earnings Performance: eToro reported an adjusted EPS of $0.92 for Q1, surpassing the analyst estimate of $0.70, and showing growth from $0.71 in Q4 2025 and $0.77 a year ago, indicating a sustained improvement in profitability.
- Increased Customer Engagement: The number of funded accounts rose from 3.85 million in Q4 to 4.02 million, representing a 19% year-over-year increase, demonstrating significant success in attracting new users and enhancing customer loyalty through new product launches.
- Revenue Diversification: Although total revenue fell to $2.44 billion from $3.87 billion in the previous quarter and $3.76 billion a year ago, the company achieved improved financial performance through diversified revenue streams and strong customer engagement, showcasing its competitive position in the market.
- Growth in Assets Under Management: As of April 2026, eToro's assets under administration reached $18.7 billion, a 19% year-over-year increase, while funded accounts grew to 4.07 million, up 13% from last year, reflecting ongoing expansion and increased market recognition in asset management.
See More
The Inevitability of 24/7 Trading
- Market Hours Transformation: eToro CEO Yoni Assia asserts that the trend towards 24/7 trading is inevitable, with the recent launch of around-the-clock trading for US stocks, gold, and oil catering to the strong demand from cryptocurrency traders, indicating a shift in market expectations.
- Consumer Behavior Shift: Data reveals that 60% of eToro users trading gold, silver, and oil initially came to the platform for cryptocurrency trading, highlighting a different expectation for market hours among crypto users, which is driving structural changes in traditional markets.
- Technology-Driven Market Monitoring: Assia emphasizes that technology will be crucial for enabling 24/7 trading, allowing market monitoring and execution of trades during weekends, thereby enhancing flexibility and convenience for investors who wish to engage in trading during leisure time.
- Industry Response and Adaptation: While some Wall Street professionals express concerns about the impact of continuous market hours on their lifestyles, the advancement of technology suggests that the market will gradually adapt to this new norm, potentially leading to fundamental changes in trading patterns.
See More
Robinhood's Upcoming Earnings: Market Anticipates Recovery
- Earnings Release Outlook: Robinhood is set to report earnings next week, with analysts anticipating that despite challenges, the company may recover by enhancing user services and increasing revenue per user, particularly amid cryptocurrency market fluctuations.
- Market Performance Analysis: Although trading volumes in Q1 declined compared to Q4, Robinhood is actively working to improve user experience by offering more services and robo-advising, thereby strengthening its competitive position in the market.
- International Expansion Opportunities: Robinhood has received approval from Singapore authorities, with a strategic focus on achieving success in European and Asian markets by the second half of 2026, providing new growth avenues for the company.
- Banking Business Prospects: Analysts highlight that Robinhood's future expansion into banking services is expected to serve as a significant revenue growth lever, especially in the context of current market fatigue.
See More
eToro Reports Record Q1 2026 Earnings Driven by Commodities Shift
- Strong Performance: eToro achieved a net contribution of $258 million in Q1 2026, a 19% year-over-year increase, while adjusted EBITDA rose 35% to $109 million, reflecting the company's robust performance and enhanced profitability as a public entity.
- Commodity Trading Dominance: Commodities accounted for 60% of trading commissions in Q1, with volumes increasing nearly fourfold year-over-year, indicating a successful shift in trading focus that has engaged users and strengthened market competitiveness.
- Strategic Expansion: eToro rolled out 24/7 trading across multiple asset classes and added Japanese equities, allowing users to trade from 26 leading exchanges, thereby broadening market access and enhancing user experience and market share.
- Capital Buybacks and Acquisitions: The company repurchased approximately 3.3 million shares for $103 million in Q1 and announced the acquisition of Zengo, demonstrating eToro's proactive approach to capital allocation and market expansion aimed at enhancing long-term growth potential.
See More
Crypto Markets Poised for Recovery Towards Record Levels
- Market Recovery Outlook: eToro CEO Yoni Assia indicated that crypto markets could regain momentum and approach all-time highs later in 2026 as investor engagement begins to recover, reflecting a gradual restoration of market confidence.
- Bitcoin Price Fluctuations: Bitcoin surged to approximately $126,000 last October before dropping to around $65,000, but has recently climbed back above $80,000, demonstrating market stability and rebound potential.
- Active Retail Traders: Assia noted that retail traders on eToro have continued to 'buy the dip' during market downturns, indicating a strengthened willingness to participate as prices recover and volatility returns.
- Global Trading Activity Resurgence: Looking ahead, Assia expects cryptocurrencies to move back toward all-time highs alongside a broader resurgence in global trading activity, suggesting sustained long-term confidence in digital assets.
See More
eToro Q1 Earnings Beat Expectations with 19% Net Contribution Growth
- Earnings Beat: eToro reported a Q1 Non-GAAP EPS of $0.91, exceeding expectations by $0.21, indicating strong profitability despite a 35.1% year-over-year revenue decline to $2.44 billion.
- Net Contribution Growth: The net contribution increased by 19% year-over-year to $258 million, compared to $217 million in Q1 2025, primarily driven by increased commodities trading activity, showcasing the company's ability to capitalize on market volatility.
- Significant Customer Growth: Funded accounts rose by 12% year-over-year to 4.02 million, reflecting an expanding customer base and increased user trust in the platform, which further solidifies the company's market position.
- Asset Management Improvement: As of March 31, 2026, assets under administration grew by 15% year-over-year to $17.0 billion, demonstrating robust growth in asset management and enhancing its competitive edge in the financial services industry.
See More
eToro Q1 Earnings Exceed Expectations
- Strong Earnings Performance: eToro reported an adjusted EPS of $0.92 for Q1, surpassing the analyst estimate of $0.70, and showing growth from $0.71 in Q4 2025 and $0.77 a year ago, indicating a sustained improvement in profitability.
- Increased Customer Engagement: The number of funded accounts rose from 3.85 million in Q4 to 4.02 million, representing a 19% year-over-year increase, demonstrating significant success in attracting new users and enhancing customer loyalty through new product launches.
- Revenue Diversification: Although total revenue fell to $2.44 billion from $3.87 billion in the previous quarter and $3.76 billion a year ago, the company achieved improved financial performance through diversified revenue streams and strong customer engagement, showcasing its competitive position in the market.
- Growth in Assets Under Management: As of April 2026, eToro's assets under administration reached $18.7 billion, a 19% year-over-year increase, while funded accounts grew to 4.07 million, up 13% from last year, reflecting ongoing expansion and increased market recognition in asset management.
See More
The Inevitability of 24/7 Trading
- Market Hours Transformation: eToro CEO Yoni Assia asserts that the trend towards 24/7 trading is inevitable, with the recent launch of around-the-clock trading for US stocks, gold, and oil catering to the strong demand from cryptocurrency traders, indicating a shift in market expectations.
- Consumer Behavior Shift: Data reveals that 60% of eToro users trading gold, silver, and oil initially came to the platform for cryptocurrency trading, highlighting a different expectation for market hours among crypto users, which is driving structural changes in traditional markets.
- Technology-Driven Market Monitoring: Assia emphasizes that technology will be crucial for enabling 24/7 trading, allowing market monitoring and execution of trades during weekends, thereby enhancing flexibility and convenience for investors who wish to engage in trading during leisure time.
- Industry Response and Adaptation: While some Wall Street professionals express concerns about the impact of continuous market hours on their lifestyles, the advancement of technology suggests that the market will gradually adapt to this new norm, potentially leading to fundamental changes in trading patterns.
See More
Robinhood's Upcoming Earnings: Market Anticipates Recovery
- Earnings Release Outlook: Robinhood is set to report earnings next week, with analysts anticipating that despite challenges, the company may recover by enhancing user services and increasing revenue per user, particularly amid cryptocurrency market fluctuations.
- Market Performance Analysis: Although trading volumes in Q1 declined compared to Q4, Robinhood is actively working to improve user experience by offering more services and robo-advising, thereby strengthening its competitive position in the market.
- International Expansion Opportunities: Robinhood has received approval from Singapore authorities, with a strategic focus on achieving success in European and Asian markets by the second half of 2026, providing new growth avenues for the company.
- Banking Business Prospects: Analysts highlight that Robinhood's future expansion into banking services is expected to serve as a significant revenue growth lever, especially in the context of current market fatigue.
See More
