Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering eToro Group Ltd. (ETOR - Free Report) , which belongs to the Zacks Insurance - Brokerage industry.
When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 24.62%, on average, in the last two quarters.
For the most recent quarter, eToro Group Ltd. was expected to post earnings of $0.65 per share, but it reported $0.91 per share instead, representing a surprise of 40.00%. For the previous quarter, the consensus estimate was $0.65 per share, while it actually produced $0.71 per share, a surprise of 9.23%.
Price and EPS Surprise
With this earnings history in mind, recent estimates have been moving higher for eToro Group Ltd.. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
eToro Group Ltd. has an Earnings ESP of +1.44% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on August 11, 2026.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Amova Asset Management Americas Inc. reduced its stake in shares of eToro Group Ltd. (NASDAQ:ETOR – Free Report) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 456,759 shares of the company’s stock after selling 22,722 shares during the quarter. Amova Asset Management Americas Inc. owned 0.55% of eToro Group worth $13,698,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in ETOR. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of eToro Group in the fourth quarter valued at $43,136,000. Invesco Ltd. boosted its position in shares of eToro Group by 14,120.4% in the 4th quarter. Invesco Ltd. now owns 974,243 shares of the company’s stock worth $34,225,000 after buying an additional 967,392 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of eToro Group by 67.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,695,702 shares of the company’s stock worth $59,571,000 after buying an additional 683,008 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in eToro Group in the 2nd quarter valued at about $43,397,000. Finally, Adage Capital Partners GP L.L.C. purchased a new position in eToro Group during the 2nd quarter valued at about $33,812,000.
Analyst Ratings Changes A number of equities analysts have issued reports on ETOR shares. Zacks Research cut shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Needham & Company LLC raised their price target on eToro Group from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Citizens Jmp increased their price objective on eToro Group from $85.00 to $90.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded eToro Group from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of eToro Group from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.80.
Get Our Latest Stock Report on eToro Group
Insider Buying and Selling In other news, Director Shalev Eddy sold 100,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $41.26, for a total transaction of $4,126,000.00. Following the completion of the sale, the director directly owned 296,779 shares of the company’s stock, valued at $12,245,101.54. The trade was a 25.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Hedva Ber sold 55,160 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $41.90, for a total value of $2,311,204.00. Following the sale, the chief executive officer owned 20,660 shares of the company’s stock, valued at approximately $865,654. The trade was a 72.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
eToro Group Trading Up 1.9% Shares of ETOR opened at $36.68 on Tuesday. The stock has a fifty day moving average of $39.35 and a two-hundred day moving average of $34.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.92 and a current ratio of 3.92. The company has a market capitalization of $3.04 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 0.78 and a beta of 1.64. eToro Group Ltd. has a fifty-two week low of $24.74 and a fifty-two week high of $65.95.
eToro Group (NASDAQ:ETOR – Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.21. The firm had revenue of $2.44 billion for the quarter. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The business’s quarterly revenue was down 35.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. As a group, analysts forecast that eToro Group Ltd. will post 2.79 EPS for the current year.
eToro Group Company Profile (Free Report)
eToro Group Ltd. (NASDAQ: ETOR) is a global multi-asset brokerage company known for its social trading platform. The company enables individual and institutional investors to trade and invest in a broad range of financial instruments, including stocks, exchange-traded funds (ETFs), commodities, indices, forex, and cryptocurrencies. eToro’s platform integrates a user-friendly interface with advanced trading tools, catering to both novice and experienced market participants.
A distinguishing feature of eToro’s offering is its CopyTrader™ functionality, which allows users to replicate the trades of selected investors on the platform.
Read More Five stocks we like better than eToro Group The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story Want to see what other hedge funds are holding ETOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eToro Group Ltd. (NASDAQ:ETOR – Free Report).
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NEW YORK, July 13, 2026 (GLOBE NEWSWIRE) -- etoro Group Ltd. (“etoro”, or the “Company”) (NASDAQ: ETOR), the trading and investing platform, announced today it will release second quarter 2026 financial results before the market opens on Tuesday, August 11, 2026, with a webcast to follow at 8:30 AM ET / 5:30 AM PT.
The webcast and related materials will be available at investors.etoro.com. Publishing research analysts will be provided an opportunity to ask management live questions during the webcast. Following the webcast, a replay and transcript will be available at investors.etoro.com.
Prior to the webcast, etoro shareholders can submit and upvote questions through the following Q&A Form until Friday, July 31, 2026, at 5:00 PM ET / 2:00 PM PT. During the webcast, management will address a selection of the most upvoted questions relating to etoro’s business and financial results.
About etoro
etoro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On etoro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media center here for our latest news.
eToro Group Ltd. (ETOR - Free Report) closed the last trading session at $39.15, gaining 1.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $57.2 indicates a 46.1% upside potential.
The mean estimate comprises 15 short-term price targets with a standard deviation of $12.54. While the lowest estimate of $38.00 indicates a 2.9% decline from the current price level, the most optimistic analyst expects the stock to surge 129.9% to reach $90.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
However, an impressive consensus price target is not the only factor that indicates a potential upside in ETOR. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in ETORThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 1.1% over the past month, as two estimates have gone higher while one has gone lower.
Moreover, ETOR currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much ETOR could gain, the direction of price movement it implies does appear to be a good guide.
How Did Peter Thiel-Backed Crypto Exchange Bullish's IPO Go?eToro Group NASDAQ: ETOR unveiled a broad set of AI-focused product updates, including a rebuilt mobile app, an expanded AI agent, a desktop trading platform for active investors, an Apple Watch app and an app marketplace for financial tools.
At the event, eToro’s co-founder and CEO, identified in the transcript as Yoni, said the company’s latest work reflects a shift from lowering barriers to market access toward using artificial intelligence to “level the playing field” between retail investors and more sophisticated market participants.
Get eToro Group alerts:
IPO Momentum Returns: 3 Stocks Rising After CoreWeave’s SurgeYoni said eToro has rebuilt its platform with AI assistance, including rewriting “1 million lines of code” from the existing app. He said the company is moving faster in product development than it could have a year or two ago, citing AI as a key driver of that acceleration.
eToro Positions Itself as an AI-Powered Financial Super App Or Peled, vice president of product management, strategy and growth at eToro, said the company now views itself as “an AI first company,” with AI woven into the user experience, autonomous execution, an open ecosystem and its data foundation.
Peled said the new eToro app, available in the App Store as “eToro AI,” is designed for faster execution, personalized insights and community features. He also said the app is built for “agentic trading,” where AI agents can support or execute investment strategies with user oversight.
Among the major features announced were sub-accounts, which Peled said will allow users to create separate portfolios for different strategies. He said users will be able to trade themselves, let an agent trade on their behalf or open an account intended for a child or family member.
Tori AI Agent Gets Expanded Capabilities Peled said eToro’s AI financial agent, Tori, has been rebuilt from the ground up and now has more context about users and the eToro ecosystem. He said Tori runs on Grok 4.3 and also uses other frontier models. According to Peled, Tori has live access to X and can analyze market sentiment from both X and the eToro community.
Peled said Tori can surface investment opportunities, provide proactive alerts within the app and trade for users when they allocate funds and approve the approach. He emphasized that the process is intended to be transparent, with Tori indicating what it is doing.
Peled also said Tori will extend beyond the eToro app into WhatsApp and Telegram, allowing users to monitor markets, ask questions and trade through those messaging apps. eToro also announced “eToro On the Go,” an Apple Watch app that will let users check profit and loss, view positions and speak to Tori directly from the watch.
Agent Portfolios and eToro Edge Target Different Types of Investors João Ramalho Carlos, director of product management at eToro, said AI is making it easier for retail investors to close the gap with professional investors. He demonstrated a process in which a user can ask Tori to create an agent, set a risk level, allocate a budget and choose strategy building blocks.
Carlos said users will be able to run multiple agents on top of their portfolios and ask Tori to show recent trades, explain the rationale behind trades and clarify why a trade was or was not opened on a given day.
Carlos also introduced eToro Edge, a desktop app aimed at pro traders. He described it as a customizable trading workspace where users can add and arrange widgets such as watchlists, charts, portfolios, positions and order tickets. The platform is live at edge.etoro.com, he said.
Edge also includes AI-assisted chart customization. Carlos said users can ask Tori to apply a specific chart setup, such as a day-trading view, and the system will add indicators that persist across sessions.
App Store and Builders Portal Expand eToro’s Ecosystem Filipe Sommer, principal product engineer at eToro, presented the eToro App Store and builders portal, saying the goal is to make it easier for programmers, quants and users relying on AI no-code tools to build financial apps.
Peled said the eToro App Store has more than 60 apps and 1,500 submissions. Sommer said users may build tools to solve their own investing problems, share them with others and potentially monetize them.
Sommer highlighted several examples of apps already live or discussed at the event, including an app for investing on behalf of a child through sub-accounts, eToro Circles for discussing strategies with friends, Club Benefits, Agent X for agent portfolios and M77 Research, a research-focused app.
Company Highlights On-Chain Finance and Tokenized Assets Yoni also discussed what he described as a shift of finance “on-chain,” saying eToro is positioned between two major transitions: the movement of wealth from older generations to younger generations and the adoption of digital asset technologies in capital markets.
He pointed to trading around the SpaceX IPO as an example of DeFi-related market innovation reaching retail investors through eToro. He said the company participated in distributing the IPO to retail investors in the U.K. and described 24/7 trading as an example of traditional markets adopting features from crypto markets.
Yoni also referenced eToro’s acquisition of ZenGo, a non-custodial wallet, and said the company is working on bridges between DeFi markets and traditional financial markets. He said future capabilities could include agent wallets that own crypto and allow AI agents to interact with DeFi apps.
The event concluded with eToro summarizing a product slate centered on AI, including the new app, Tori’s expanded reach, sub-accounts, agentic trading, eToro Edge, the App Store and integrations tied to on-chain finance.
About eToro Group NASDAQ: ETOReToro Group Ltd. NASDAQ: ETOR is a global multi-asset brokerage company known for its social trading platform. The company enables individual and institutional investors to trade and invest in a broad range of financial instruments, including stocks, exchange-traded funds (ETFs), commodities, indices, forex, and cryptocurrencies. eToro’s platform integrates a user-friendly interface with advanced trading tools, catering to both novice and experienced market participants.
A distinguishing feature of eToro’s offering is its CopyTrader™ functionality, which allows users to replicate the trades of selected investors on the platform.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in eToro Group Right Now?Before you consider eToro Group, you'll want to hear this.
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While eToro Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
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Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
eToro Group Ltd. (ETOR - Free Report) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 2%, the stock of this company is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. ETOR meets this criterion too, as the stock gained 4.7% over the past 12 weeks.
Moreover, the momentum for ETOR is fast paced, as the stock currently has a beta of 1.64. This indicates that the stock moves 64% higher than the market in either direction.
Given this price performance, it is no surprise that ETOR has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped ETOR earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, ETOR is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. ETOR is currently trading at 0.26 times its sales. In other words, investors need to pay only 26 cents for each dollar of sales.
So, ETOR appears to have plenty of room to run, and that too at a fast pace.
In addition to ETOR, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
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NEW YORK, July 07, 2026 (GLOBE NEWSWIRE) -- etoro, the trading and investing platform, today unveiled a new mobile app at its ‘Intelligence in Motion’ event in London. etoro is moving beyond the app itself, to be wherever investors are. The company shared updates including agentic trading and sub-accounts, a new desktop platform for active traders, a growing app store, and new tools for crypto self-custody.
Retail investors’ expectations have evolved. They want an investing experience that’s smart, accessible, and tailored to their needs. One that proactively surfaces relevant information when it matters most, instead of leaving them to dig for it. The new app is etoro’s answer. At its center is Tori, etoro’s proactive AI agent, working alongside the collective knowledge of etoro’s community of millions. Together, they give investors human insight, supercharged by AI.
“Our AI is built on the real decisions and track records of millions of investors. An intelligence that’s hard to replicate,” said Yoni Assia, Co-founder and CEO of etoro. “By bringing AI and our community together, we’re helping people invest with greater knowledge and confidence. For nearly two decades we’ve worked to give everyone a seat at the table, this is the next step.”
At the London showcase, the etoro team revealed:
Reimagining investing & wealth management
A new AI-first app: A completely rebuilt mobile app, designed to feel faster and more personal. It brings clearer portfolio views, richer asset pages, advanced charts, and more ways to tailor the experience to how you invest.Proactive insights with Tori: Tori doesn’t wait to be asked. It surfaces portfolio insights, market signals, and the reasons behind a price move, right when they matter.Tori, wherever you are: Investors can get Tori’s insights via WhatsApp and Apple Watch. So they can check their portfolio and respond to market developments without opening the app at all.A sub-account for every goal: New sub-accounts let investors separate what they’re investing for: a child’s future, a house deposit, a long-term retirement fund, and manage each side by side.Sharper data, built around you: Redesigned asset pages bring professional-grade charts and analytics to every investor, letting them customize exactly what data they see first. Enhanced trading capabilities
etoro edge: A new desktop app for active traders, with professional-gradecharting, and analytics built for heavy trading.Agent-powered portfolios: Investors can build or copy AI agents that trade around the clock on their behalf, each running inside their own sub-account. Tori keeps every agent organized in one place and investors stay in control throughout. A growing app ecosystem
The etoro App Store is growing: Investors can browse and add to a growing range of trading and analytics applications, built by partners, developers, quants, and everyday users. etoro’s Builders’ Portal provides structured access to APIs and other development resources. Future-proofing for an on-chain world
Instant self-custody wallets: Investors who want direct ownership of their crypto can set up a secure digital wallet in seconds, right from Tori. No separate app, no complicated setup. It gives them direct control of their assets and access to decentralized finance (DeFi), powered by Zengo, the self-custody technology now part of etoro. A refreshed brand
The launch comes with a refreshed etoro brand: a new logo, a new look, and a new tagline, “Know better.” It reflects etoro’s focus on helping people make clearer, better-informed financial decisions.
"Agentic trading is accelerating, and our App Store is growing fast. The world of finance never stops changing, and for nearly two decades we've harnessed each shift early, from social investing to crypto, and now AI. And each time, we've put that technology to work levelling the playing field faster for everyday investors,” concludes Yoni Assia.
A London showcase
The announcements were unveiled at ‘Intelligence in Motion’, a live event in London for clients, Popular Investors, partners, etorians, influencers, and media.
Guests got a first look at the new app and many of the tools featured in the App Store. A replay of the event livestream will be available via etoro’s social channels: X, LinkedIn, YouTube.
About etoro
etoro is a trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So, we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On etoro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media centre for our latest news.
Disclaimers
Availability of the above-mentioned products and services may vary by jurisdiction and country, for example not all of these products and services are currently available to US users.
Tori does not provide investment advice. Tori is an AI-powered tool designed to offer educational content, data and general market insights. It does not consider personal circumstances and should not be relied upon for investment decisions.
Zengo's non-custodial wallet is a separate product from etoro's regulated exchange services. Access to Web3 services through the wallet, including decentralized applications, token swaps, and staking, is not a regulated activity and is not offered, managed, or guaranteed by any etoro regulated entity. Users interact directly with third-party protocols and are responsible for their own actions.
etoro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
etoro is a group of companies that are authorised and regulated in their respective jurisdictions. The regulatory authorities overseeing etoro include:
SummaryeToro Group Ltd. (ETOR) remains a buy as its multi-asset platform demonstrates resilience and user stickiness beyond crypto cycles.ETOR’s Q1 2026 saw 12% y/y funded account growth and 15% y/y AUA growth, with commodities driving a fourfold increase in trading volumes.ETOR’s expanding product suite, including 24/7 trading and wealth products, aims to deepen user engagement and diversify monetization.At ~13x forward PE, ETOR trades at a significant discount to peers, with upside potential if its multi-asset model continues to deliver. Getty Images
Investment action I upgraded eToro Group Ltd. (ETOR) to buy previously because the stock had derated to a much more reasonable multiple, while the business was showing better user growth, more ecosystem stickiness, and a more resilient earnings
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
NEW YORK--(BUSINESS WIRE)--Riskified (NYSE: RSKD), a leader in ecommerce fraud and risk intelligence, today announced the appointment of Ronen Assia as an independent director to its Board of Directors, effective June 25, 2026.
Mr. Assia currently serves as Managing Partner at Team8, a global venture group, where he builds and invests in financial infrastructure companies. Mr. Assia is also co-founder of eToro (NASDAQ: ETOR), the world's leading social investment network, and currently serves as its Executive Director. He holds a BA in Industrial Design from Bezalel Academy of Arts and Design and an MA in Product Design from the Royal College of Art in London.
“We are delighted to welcome Ronen to our Board,” said Eido Gal, Chairman and Chief Executive Officer of Riskified. “For more than two decades, Ronen has built and scaled technology products that have set the bar for design, simplicity and user experience on a global scale. As we continue investing in our platform, his perspective and expertise will be a tremendous asset.”
Mr. Assia brings extensive product design and industry expertise to Riskified as the Company continues expanding its AI-powered fraud and risk intelligence platform and deepening its presence across the global ecommerce ecosystem. His experience building category-defining platforms is expected to help inform the Company’s product innovation strategy and further enhance the merchant experience.
“I am honored to join the Riskified Board at such an important moment for the Company,” said Mr. Assia. “Riskified has established itself as a leader by combining deep data science with a relentless focus on the merchant experience. As fraud prevention and risk decisioning evolve toward autonomous, agentic AI systems, I believe Riskified’s identity intelligence and AI risk agents like ARIA provide a strong foundation for the next phase of innovation, uniquely positioning the company to help merchants stay protected while delighting customers across every digital interaction. I look forward to working with Eido, Assaf and my fellow directors to support the Company’s continued growth and long-term value creation.”
The Board of Directors regularly evaluates its composition to ensure it maintains an appropriate mix of skills, qualifications, and diversity of backgrounds to effectively oversee the Company’s business and long-term strategy. Following this appointment, Riskified’s Board of Directors will consist of nine directors, seven of whom qualify as “independent” under the listing rules of the New York Stock Exchange.
About Riskified
Riskified (NYSE: RSKD) empowers businesses to unleash ecommerce growth by outsmarting risk. Many of the world’s biggest brands and publicly traded companies selling online rely on Riskified for guaranteed protection against chargebacks, to fight fraud and policy abuse at scale, and to improve customer retention. Developed and managed by the largest team of ecommerce risk analysts, data scientists, and researchers, Riskified’s AI-powered fraud and risk intelligence platform analyzes the individual behind each interaction to provide real-time decisions and robust identity-based insights. Learn more at ir.riskified.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied.
Investors looking for stocks in the Insurance - Brokerage sector might want to consider either eToro Group Ltd. (ETOR - Free Report) or Arthur J. Gallagher (AJG - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
eToro Group Ltd. has a Zacks Rank of #1 (Strong Buy), while Arthur J. Gallagher has a Zacks Rank of #3 (Hold) right now. This means that ETOR's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is just one factor that value investors are interested in.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
ETOR currently has a forward P/E ratio of 13.85, while AJG has a forward P/E of 16.46. We also note that ETOR has a PEG ratio of 0.87. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. AJG currently has a PEG ratio of 1.11.
Another notable valuation metric for ETOR is its P/B ratio of 2.29. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, AJG has a P/B of 2.35.
These metrics, and several others, help ETOR earn a Value grade of B, while AJG has been given a Value grade of C.
ETOR sticks out from AJG in both our Zacks Rank and Style Scores models, so value investors will likely feel that ETOR is the better option right now.
eToro could become the latest in a string of FinTechs entering the banking space.
The trading and investment platform is considering multiple acquisitions, and also planning an expansion into traditional payment services that could involve a banking license application, CEO Yoni Assia said in an interview with the Financial Times (FT) Monday (June 20).
The company is working with investment bankers to purchase two businesses “soon,” Assia said, adding that the firms in question were wealth-technology businesses, one in the U.S. and another based outside the U.S.
“We are very acquisitive — it is part of the reason why we listed,” the CEO said. “We have a number of potential deals we are looking at including businesses who would help us grow our wealth offering. We remain committed to growing our global footprint including expanding the U.S. market.”
This follows eToro’s acquisition of crypto company Zengo in April, a $70 million deal designed to strengthen the company’s ability to offer things like tokenized assets and rising decentralized trading models like prediction markets and perpetuals.
“We believe the future of finance will be increasingly digital, decentralized and user-controlled, with self-custody playing an important role in that evolution,” Assia said at the time.
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He told the FT he expects further deals in the FinTech space as that sector deals with a funding strain brought on by higher interest rates.
“The key is for diversification into more payments services … and that could see us consider applying for banking licences in the future, or buying a bank,” Assia said, adding that the company would focus more on payments than lending.
As the FT notes, the past several months have seen a wave of FinTechs apply for banking licenses, after the Trump administration relaxed regulations for becoming chartered lenders.
In 2025, the Office of the Comptroller of the Currency received 14 applications de novo charters, many of them from FinTechs. That number nearly equaled the total applications the regulator received in the prior four years combined.
This year has already seen the Latin American financial services giant Nu get conditional approval to establish a U.S. bank. U.K.-based digital lender Revolut also plans to launch an American banking operation.
“A predominant feature of the current charter wave is that many applicants are not seeking to become traditional banks,” PYMNTS wrote earlier this year. “Instead, they are pursuing licenses that allow them to perform specific financial functions.”
Shares of eToro Group Ltd. (NASDAQ:ETOR – Get Free Report) have received an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $57.9375.
A number of analysts have issued reports on ETOR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $58.00 price target on shares of eToro Group in a report on Wednesday, February 18th. Zacks Research downgraded eToro Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. TD Cowen decreased their target price on eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, January 14th. Bank of America reaffirmed a “neutral” rating on shares of eToro Group in a report on Wednesday, February 18th. Finally, Canaccord Genuity Group dropped their price target on shares of eToro Group from $78.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th.
Read Our Latest Stock Report on ETOR
eToro Group Stock Performance Shares of NASDAQ ETOR opened at $29.88 on Friday. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.45 billion and a PE ratio of 13.46. eToro Group has a twelve month low of $24.74 and a twelve month high of $79.96. The stock has a fifty day simple moving average of $29.93 and a 200-day simple moving average of $35.15.
eToro Group (NASDAQ:ETOR – Get Free Report) last announced its earnings results on Wednesday, February 18th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. The firm had revenue of $3.87 billion for the quarter. eToro Group had a net margin of 1.56% and a return on equity of 21.35%.
Institutional Inflows and Outflows A number of hedge funds have recently modified their holdings of ETOR. American Century Companies Inc. purchased a new position in shares of eToro Group during the second quarter worth about $6,665,000. Federated Hermes Inc. purchased a new stake in shares of eToro Group in the 2nd quarter valued at about $11,320,000. Norges Bank purchased a new stake in shares of eToro Group in the 2nd quarter valued at about $16,315,000. ARK Investment Management LLC boosted its position in shares of eToro Group by 56.1% in the 3rd quarter. ARK Investment Management LLC now owns 387,164 shares of the company’s stock valued at $15,978,000 after purchasing an additional 139,132 shares during the period. Finally, Farther Finance Advisors LLC purchased a new position in eToro Group during the 3rd quarter worth approximately $1,996,000.
eToro Group Company Profile (Get Free Report)
eToro Group Ltd. (NASDAQ: ETOR) is a global multi-asset brokerage company known for its social trading platform. The company enables individual and institutional investors to trade and invest in a broad range of financial instruments, including stocks, exchange-traded funds (ETFs), commodities, indices, forex, and cryptocurrencies. eToro’s platform integrates a user-friendly interface with advanced trading tools, catering to both novice and experienced market participants.
A distinguishing feature of eToro’s offering is its CopyTrader™ functionality, which allows users to replicate the trades of selected investors on the platform.
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April 09, 2026 09:00 ET | Source: eToro Group Ltd.
NEW YORK, April 09, 2026 (GLOBE NEWSWIRE) -- eToro Group Ltd. (“eToro”, or the “Company”) (NASDAQ: ETOR), the trading and investing platform, announced today it will release first quarter 2026 financial results before the market opens on Tuesday, May 12, 2026, with a webcast to follow at 8:30 AM ET / 5:30 AM PT.
The webcast and related materials will be available at investors.etoro.com. Publishing research analysts will be provided an opportunity to ask management live questions during the webcast. Following the webcast, a replay and transcript will be available at investors.etoro.com.
Prior to the webcast, eToro shareholders can submit and upvote questions through the following Q&A Form until Friday, May 1, 2026, at 5:00 PM ET / 2:00 PM PT. During the webcast, management will address a selection of the most upvoted questions relating to eToro’s business and financial results.
About eToro
eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media center here for our latest news.
NEW YORK, April 14, 2026 (GLOBE NEWSWIRE) -- eToro, the trading and investing platform, today announced the launch of the eToro App Store, a marketplace enabling investors and developers to build, share and access trading and analytics applications directly within the eToro platform.
Bringing together developers, startups, Pro Investors and everyday investors, the eToro App Store forms the foundation of a new builders economy for investing, where financial innovation can be created, shared and scaled across eToro’s global community of millions of investors.
A dedicated portal for builders
Alongside the App Store, eToro is introducing a builders portal, giving third-party developers, quantitative strategists and partners with structured access to eToro’s APIs, agent skills, MCP server, CLI tooling, plus technical documentation and other development resources.
Through this portal, partners and builders can develop and distribute applications to millions of users via eToro’s global platform. Users can also create and publish their own tools using AI-powered, no-code capabilities, enabling them to transform their expertise into scalable solutions and reach a global audience.
Apps ready to explore
Users can discover applications by category or featured listings and install them in a single click. At launch, the eToro App Store will feature a selection of applications designed to enhance the investing experience through additional tools, automation, and insights.
Apps build on eToro plug into core platform capabilities including:
Algorithmic trading – execute trades programmatically with low-latency order placementSocial analytics – analyse the performance of Pro Investors and Smart PortfoliosMarket monitors – stream price data across crypto, stocks, ETFs, commodities and morePortfolio tools – configure rule-based rebalancing and track P&L across your portfoliosSmart watchlists – retrieve and manage private and public watchlistsFeeds & community integrations – access user and instrument feeds, or publish posts directly from your app. Commenting on the launch, Yoni Assia, Co-Founder and CEO of eToro, said: “Investing has always evolved with technology, but AI is accelerating that in ways we couldn’t have imagined a few years ago. The eToro App Store opens up financial innovation to anyone with an idea. Developers and quants finally have a direct line to millions of retail investors, and those investors finally get the more flexible and user-designed tools they’ve always wanted. That’s what opening up financial innovation really looks like.”
The eToro App Store is being rolled out to users in eligible markets, with expanded functionality and additional app categories planned throughout the year.
About eToro
eToro is a trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media centre here for our latest news.
Disclaimers:
Availability of the above-mentioned products and services may vary by jurisdiction and country, for example not all of these products and services are currently available to US users.
Applications may transmit automated trade instructions that execute at speed. Automated or AI-enabled tools may result in rapid and substantial financial losses.
The eToro ecosystem of applications (Public API, Vibe Coding, and App Store) is a neutral technology infrastructure and does not provide investment advice, portfolio management, discretionary trading, or other fiduciary services. Third-party applications operate independently. Use it at your sole risk. By clicking and trying the eToro ecosystem of applications, you accept and are subject to the Builders’ Economy Terms of Use and Risk Disclosure.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro is a group of companies that are authorised and regulated in their respective jurisdictions. The regulatory authorities overseeing eToro include:
The Financial Conduct Authority (FCA) in the UKThe Cyprus Securities and Exchange Commission (CySEC) in CyprusThe Australian Securities and Investments Commission (ASIC) in AustraliaThe Financial Services Authority (FSA) in the SeychellesThe Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) in the UAEThe Monetary Authority of Singapore (MAS) in SingaporeeToro USA Securities Inc., registered with Securities and Exchange Commission (SEC) and member of FINRA and SIPCeToro USA LLC state and FinCEN (31000318247697) registeredeToro NY LLC hold licenses with the State of New York (MTL #104940 and VC #122584)
NEW YORK, April 16, 2026 (GLOBE NEWSWIRE) -- Trading and investing platform eToro, today announced the relaunch of Tori, its AI investing companion, introducing three major upgrades: persistent memory, real-time market sentiment from X powered by Grok 4.2, and the ability to create and manage user-defined AI-driven Agent Portfolios entirely through conversation.
The relaunch marks a significant step in eToro's strategy to embed artificial intelligence at the core of the investing experience.
Real-time market sentiment from X via Grok 4.2
Through an expanded integration with X, Tori delivers live market sentiment directly from the platform, powered by Grok 4.2. Users can ask about any asset, trend or breaking news event and receive real-time insights drawn from X, including evolving sentiment and market reactions. What previously required monitoring multiple feeds and social platforms can now be accessed through a single question inside eToro.
xAI commented: “Financial conversations move fast. When major investors disclose positions, an analyst flags a macro shift, or retail sentiment turns on a major asset, the signal is on X first. eToro’s Tori now captures that signal in real time.”
Yoni Assia, Co-founder and CEO of eToro, said: "By integrating Grok 4.2 directly into Tori, we are bringing the pulse of the market to everyday investors. Translating real-time sentiment into structured intelligence that investors can use immediately. We believe this is a powerful step forward in combining community insight with trusted execution."
eToro has previously partnered with X around financial market access and education, and this integration deepens that collaboration by embedding real-time X intelligence directly within the investing workflow.
Persistent memory: investing that builds with you
Tori now features persistent memory across sessions. It remembers a user's portfolio, interests, prior conversations and activity patterns, picking up where the last interaction ended. The longer it is used, the more contextual and personalised the experience becomes, transforming Tori from a reactive tool into a continuous investing companion.
Agent Portfolios: from insight to execution via conversation
As part of its broader AI-first strategy, eToro has introduced Agent Portfolios, dedicated sub-portfolios within an eToro account, built specifically for AI-driven trading.
Users can create a separate portfolio, allocate a defined amount of capital, connect an AI agent via a scoped API key, and define clear operating parameters - all through natural conversation with Tori. Once activated, the AI agent executes strategies within that portfolio only, while the user's main portfolio remains fully under their direct control.
Agent Portfolios remove the technical barrier to deploying AI-driven strategies, making what was previously the domain of quantitative specialists accessible to any eToro user.
Yoni Assia added: "Agent Portfolios provide a structured way to experiment with intelligent portfolio automation in a controlled environment. This is not about replacing investors. It is about extending their capabilities, enabling them to deploy AI-driven strategies safely, transparently and on their own terms.”
A new standard for AI-powered investing
With the relaunch, Tori moves from a question-and-answer assistant to a proactive investing layer that understands a user's context, tracks real-time market developments, surfaces relevant insights, and enables immediate action. Together, these capabilities represent a new benchmark for what investors should expect from an AI investing companion.
About eToro
eToro is a trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media centre here for our latest news.
Disclaimers:
Availability of the above-mentioned products and services may vary by jurisdiction and country, for example not all of these products and services are currently available to US users.
Tori does not provide investment advice. Tori is an AI-powered tool designed to offer educational content, data and general market insights. It does not consider personal circumstances and should not be relied upon for investment decisions.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro is a group of companies that are authorised and regulated in their respective jurisdictions. The regulatory authorities overseeing eToro include:
The Financial Conduct Authority (FCA) in the UKThe Cyprus Securities and Exchange Commission (CySEC) in CyprusThe Australian Securities and Investments Commission (ASIC) in AustraliaThe Financial Services Authority (FSA) in the SeychellesThe Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) in the UAEThe Monetary Authority of Singapore (MAS) in SingaporeeToro USA Securities Inc., registered with Securities and Exchange Commission (SEC) and member of FINRA and SIPCeToro USA LLC state and FinCEN (31000318247697) registeredeToro NY LLC hold licenses with the State of New York (MTL #104940 and VC #122584)
eToro is initiated at hold, with Q1 expectations clouded by crypto volatility and competitive US dynamics. ETOR faces challenges in US expansion due to regulatory barriers and entrenched competitors like Robinhood. CopyTrader and social investing features offer differentiation, but US traction remains limited; management's execution is critical.
NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- eToro Group Ltd. (“eToro”, or the “Company”) (NASDAQ: ETOR), the trading and investing platform, today announced financial results for the first quarter ended March 31, 2026.
“I’m incredibly proud of the eToro team for delivering our strongest quarterly financial results as a public company, while continuing to accelerate product innovation. In the first quarter, we introduced 24/7 trading for commodities, equities and indices, added Japanese equities, and launched crypto trading in New York. We also saw acceleration in product launches with many new apps within the eToro App Store, AI-powered Agent Portfolios, and an integration with xAI for Tori, our AI agent.
“The acquisition of Zengo, a leading self-custodial crypto wallet provider, meaningfully advances our strategy of bridging traditional finance with on-chain infrastructure, prediction markets, perpetuals and the broader crypto ecosystem.
“Looking ahead, we continue to enhance our global product offering, deepen our investment in on-chain technologies, and grow our suite of AI-driven tools, which we believe will fundamentally reshape how retail investors engage with the markets and unlock new opportunities for growth,” commented Yoni Assia, CEO and Co-Founder of eToro.
“Strong first quarter 2026 results supported by a surge in commodities trading, demonstrated the strength of our multi-asset business model. We delivered compelling financial performance through a combination of diversified revenue streams, strong funded accounts growth, and increased customer engagement. We continue to execute with discipline and focus as we seek to deliver long-term value to our shareholders,” said Meron Shani, eToro CFO.
First Quarter 2026 Financial and Product Highlights1
Net contribution increased by 19% year-over-year to $258 million, compared to $217 million in the first quarter of 2025, driven primarily by increased commodities trading activity.Net income (GAAP) increased by 37% year-over-year to $82 million, compared to $60 million in the first quarter of 2025.Adjusted Net Income (Non-GAAP) increased by 28% year-over-year to $86 million, compared to $67 million in the first quarter of 2025.Adjusted EBITDA (Non-GAAP) increased by 35% year-over-year to $109 million, compared to $80 million in the first quarter of 2025, largely due to increased net contribution.Adjusted Diluted EPS (Non-GAAP) was $0.91, compared to $0.77 in the first quarter of 2025.Funded Accounts increased 12% year-over-year to 4.02 million compared to 3.58 million in the first quarter of 2025. This was driven primarily by increased marketing spend on user acquisition and retention efforts.Assets under Administration grew by 15% year-over-year to $17.0 billion, compared to $14.8 billion in the first quarter of 2025.Cash, Cash Equivalents and Short Term Investments were $1.3 billion as of March 31, 2026.Launched key products in AI, 24/7 trading, savings and eToro Money across our four pillars of Trading, Investing, Wealth Management and Neo-Banking.Acquisition of Zengo, a leading self-custodial crypto wallet provider, which closed on April 30th, 2026. 1See “Non-GAAP Financial Metrics and Key Performance Indicators” below for additional information and a reconciliation to GAAP for all Non-GAAP financial metrics. Adjusted EBITDA margin is based on net contribution.
April KPI metrics2
eToro also reported the below selected monthly business metrics for April 2026:
Assets under Administration (AUA) were $18.7 billion, up 19% year-over-year.Funded Accounts were 4.07 million, up 13% year-over-year.Capital Markets/ECC Activity Total number of trades for April was 63 million, up 50% year-over-year;Invested amount per trade for April was $197, down 48% year-over-year. Crypto Activity Total number of trades for April was 2 million, down 32% year-over-year;Invested amount per trade for April was $207, down 22% year-over-year. Interest Earning Assets for April were $7.0 billion, up 28% year-over-year.Total Money Transfers for April were $1.4 billion, up 53% year-over-year. Business Highlights
eToro accelerated product development in the first quarter, launching products and services to support users at every stage of their investing journey.
Trading: eToro expanded its offering with the launch of 24/7 trading for select commodities, equities and indices. Commodities trading accounted for approximately 60% of trading commissions in the quarter, and volumes increased nearly fourfold year-over-year. With the addition of Japanese equities, eToro now offers users the ability to trade equities from 26 exchanges. The Company introduced crypto trading for users in New York, successfully activating its BitLicense and Money Transmitter License.Investing: eToro continued to enhance its investing experience including the launch of the eToro App Store, a marketplace enabling investors and developers to access, build, share, and scale trading and analytics applications directly within the eToro ecosystem. As part of its commitment to AI-powered investing, eToro introduced Agent Portfolios, dedicated sub-portfolios, which provide a structured way to experiment with intelligent portfolio automation in a controlled environment through a simple conversational interface with Tori, eToro’s AI agent. eToro also expanded its partnership with xAI, embedding real-time market sentiment powered by Grok 4.2 directly into Tori’s investing workflow.Wealth Management: eToro strengthened its wealth offering supported by growth in UK ISAs and the launch of an upgraded subscription service. The Company is targeting a market opportunity exceeding $1 trillion, with strong momentum in the UK cash ISA segment, where assets under management in the quarter grew 15x year-over-year. eToro introduced an upgraded eToro Club Subscription, providing access to exclusive wealth tools, enhanced investing features, and premium rewards.Neo-Banking: The European rollout of the eToro Money card continued to see strong adoption, with the number of new cards issued increasing 2.2x quarter-over-quarter. eToro continues to expand its localized experience to strengthen user trust, drive adoption, and support sustainable growth across key regions.M&A: In April, eToro announced the acquisition of Zengo, combining eToro’s global multi-asset platform and distribution with Zengo’s secure, self-custodial wallet technology. The acquisition strengthens the Company’s digital asset capabilities and accelerates its strategy to bridge traditional finance with on-chain infrastructure and the crypto-native economy. 2Numbers may not sum up due to rounding; percentage changes based on unrounded data. This selected preliminary data has not been audited or reviewed and should not be extrapolated for future periods. April 2026 metrics are based on currently available information and are subject to update. Final results and other business metrics for the full fiscal quarter will be available in our filings with the U.S. Securities and Exchange Commission (“SEC”) or otherwise publicly disclosed and might vary from the information above. eToro’s management uses the foregoing key performance indicators to help evaluate the business, measure its performance, identify trends, prepare financial projections and make business decisions. Definitions of performance indicators can be found elsewhere in this press release.
Conference Call and Livestream Information
eToro will host a video call to discuss its results at 5:30 a.m. PT / 8:30 a.m. ET today, May 12, 2026. The video call can be accessed at investors.etoro.com, along with this earnings press release and accompanying slide presentation. The event will also be live streamed to eToro’s YouTube and X.com official channels.
eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media center here for our latest news.
ETORO GROUP LTD.
CONDENSED CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands March 31 December 31 2026 2025 Unaudited UnauditedAssets Current assets: Cash and cash equivalents1,047,403 1,072,641 Restricted cash327 329 Short-term investment228,248 202,688 Counterparties347,053 249,055 Cryptoassets60,536 62,606 Receivable from omnibus accounts8,951 26,820 Other receivables and prepaid expenses66,339 61,299 1,758,857 1,675,438 Non-current assets: Restricted cash11,794 11,688 Right of use assets25,695 41,873 Property and equipment, net8,681 7,361 Goodwill and other intangible assets, net42,508 43,211 Deferred taxes11,513 11,776 100,191 115,909 Total Assets1,859,048 1,791,347 Liabilities and equities Current liabilities: Accounts payable5,163 4,435 Current maturities of long-term lease liabilities5,462 5,978 Short term liabilities7,923 8,994 Payable to users190,579 107,830 Accrued expenses and other payables239,123 215,414 448,250 342,651 Non-current liabilities: Employee benefit liabilities, net923 962 Long-term lease liabilities28,207 48,485 Deferred taxes4,495 4,659 33,625 54,106 Equity attributable to equity holders of the company: Common share premium1,280,706 1,273,894 Preferred share premium— — Treasury shares(165,157) (62,085)Advanced Investment Agreement9,091 9,091 Other capital reserve1,881 5,441 Retained Earnings250,652 168,249 1,377,173 1,394,590 Total liabilities and equity1,859,048 1,791,347 ETORO GROUP LTD.
CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME (LOSS)
U.S. dollars in thousands Three months ended Three months ended March 31, 2026 March 31, 2025 Unaudited Unaudited Revenue and income: Net trading income from equities, commodities and currencies165,637 96,837 Revenue from cryptoassets2,153,099 3,500,800 Net trading income from cryptoassets derivatives33,391 77,051 Net interest income from users47,326 52,618 Currency conversion and other income30,976 23,911 Other interest income8,707 4,164 Total revenue and income2,439,136 3,755,381 Costs: Cost of revenue from cryptoassets2,171,127 3,528,853 Margin interest expense9,854 9,159 Research and development41,087 36,621 Selling and marketing61,505 61,222 General, administrative and operating costs58,383 49,502 Finance and other income, net(2,015) (517)Total costs2,339,941 3,684,840 Income before taxes on income99,195 70,541 Taxes on income16,791 10,589 Net income82,404 59,952 Other comprehensive income, net: Items that may be reclassified subsequently to profit or loss: Cash flow hedges, net of tax(3,560) (2,229)Other comprehensive loss for the period, net of tax(3,560) (2,229) Total comprehensive income78,844 57,723 Basic net income per share0.98 0.79 Diluted net income per share0.86 0.69 Weighted-average shares of common shares used to compute net income per share attributable to common shareholders: Basic84,155,367 75,712,289 Diluted94,177,135 86,576,130 ETORO GROUP LTD.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands Three months ended Three months ended March 31, 2026 March 31, 20253 Unaudited UnauditedCash flows from operating activities: Net income82,404 59,952 Adjustments to profit or loss items: Depreciation, amortization, impairment and disposal Costs3,216 3,011 Share-based payment4,052 4,287 Evaluation of liabilities(1,071) 1,831 Revaluation of fair value of cryptoassets and counterparties99,937 51,830 Non-cash revenue from staking and blockchain rewards(6,605) (8,723)Non-cash costs from staking and blockchain rewards4,287 5,847 Finance and other income, net(2,015) (517)Taxes on income, net16,791 10,589 Total adjustments118,592 68,155 Changes in asset and liability items: Increase of counterparties(194,072) (63,184)Decrease of cryptoassets197 13,154 Increase of other receivables and prepaid expenses(9,168) (7,029)Increase of restricted cash(82) (124)Increase of user and omnibus accounts, net99,928 48,901 Decrease of accounts payable(499) (670)Increase (decrease) of accrued expenses and other payables14,649 (19,753)Decrease of employee benefit liabilities, net(601) (29)Adjustments: cash items(89,648) (28,734)Interest received (paid), net during the period(1,151) 967 Taxes paid, net during the period(5,801) (5,557)Net cash provided by operating activities104,396 94,783 Cash flows from investing activities: Purchase of intangible assets(165) (57)Increase of short-term deposits(137,515) (86,000)Decrease of short-term deposits112,307 75,000 Increase of long-term investments(500) — Purchase of property and equipment(2,122) (522)Net cash used in investing activities(27,995) (11,579)Cash flows from financing activities: Exercise of options1,638 280 Repayment of lease liability(1,391) (1,147)Purchase of treasury shares(101,102) — Net cash used in financing activities(100,855) (867)Exchange differences on balances of cash and cash equivalents(784) 7,379 Increase (decrease) in cash and cash equivalents(25,238) 89,716 Cash and cash equivalents at beginning of period1,072,641 575,395 Cash and cash equivalents at end of period1,047,403 665,111 3The comparative financial information has been adjusted to reflect the change in accounting policy regarding the classification of $5 million USDC as cash equivalents.
Non-GAAP Financial Metrics and Key Performance Indicators
This press release and the accompanying tables contain financial measures that are not calculated in accordance with International Financial Reporting Standards nor with Generally Accepted Accounting Principles (collectively “GAAP”) metrics, including Adjusted EBITDA, Adjusted Net Income and Adjusted Diluted EPS. The inclusion of the non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. eToro believes these non-GAAP financial measures provide important supplemental information to management regarding financial and business trends used in assessing its results of operations. eToro believes excluding specified items provides a more meaningful comparison to the corresponding reporting periods and internal budgets and forecasts, assists investors in performing analysis that is consistent with financial models developed by investors and research analysts, provides management with a more relevant measure of operating performance and is more useful in assessing management performance.
eToro urges its investors to review the reconciliations of the non-GAAP financial measures included in this press release to the most directly comparable GAAP financial measure set forth herein, and not to rely on any single financial measure to evaluate eToro’s business.
This press release also includes key performance indicators that eToro’s management uses to help evaluate the business, measure its performance, identify trends, prepare financial projections and make business decisions. eToro’s key performance indicators include Funded Accounts, Assets Under Administration and Net Contribution. Definitions of performance indicators can be found elsewhere in this press release.
ETORO GROUP LTD.
RECONCILIATION OF NON-GAAP METRICS
U.S. dollars in thousands Three months ended Three months ended March 31, 2026 March 31, 2025 Unaudited Unaudited Net income82,404 59,952 Finance expense, net2,091 (517)Taxes on income16,791 10,589 Share-based payment expense4,068 4,287 Depreciation and amortization3,216 3,010 Employee non-cash expense5,119 (1,049)Transaction related costs— 2,091 Other expenses (income), net(5,177) 1,831 Adjusted EBITDA108,512 80,194 ETORO GROUP LTD.
RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME
U.S. dollars in thousands Three months ended Three months ended March 31, 2026 March 31, 2025 Unaudited Unaudited Net income 82,404 59,952 Share-based payment expense 4,068 4,287 Amortization 868 838 Employee non-cash expense 5,119 (1,049)Transaction related costs — 2,091 Other expenses (income), net (6,147) 1,831 Adjusted net income before tax 86,312 67,950 Tax impact (662) (1,201)Adjusted net income 85,650 66,749 Basic shares outstanding 84,155,367 75,712,289 Diluted shares outstanding 94,177,135 86,576,130 Basic Non-GAAP EPS$1.02 $0.88 Diluted Non-GAAP EPS$0.91 $0.77 Basic GAAP EPS$0.98 $0.79 Diluted GAAP EPS$0.86 $0.69
Definitions of Certain Metrics
Adjusted EBITDA: Adjusted EBITDA is a non-GAAP financial metric that we define as net income adjusted to exclude finance and other expenses, net, taxes on income, share-based payment expense, depreciation and amortization, employee non-cash expense, one-time transaction costs and other expense.
Adjusted EBITDA Margin: Adjusted EBITDA Margin is a non-GAAP financial metric that we define as Adjusted EBITDA divided by Net Contribution.
Adjusted Diluted Earnings Per Share (Adjusted Diluted EPS): Adjusted Diluted EPS is a non-GAAP financial metric and is calculated by dividing the Adjusted Net Income attributable to common shareholders by the diluted shares outstanding during the period. Adjusted Diluted EPS excludes the impact of the same non-recurring or non-operational items to provide investors with a normalized measure of profitability on a per-share basis.
Adjusted Net Income: Adjusted Net Income refers to a company’s net income after making adjustments for non-recurring, one-time, or non-cash items such as restructuring charges, asset impairments, acquisition-related expenses, or gains/losses from discontinued operations.
Assets under administration (AUA): AUA reflects the aggregate fair value of assets held by users within the platform, including those held by third-party partners for execution or custody services, categorized as follows:
Crypto: Includes all cryptocurrencies and users’ crypto assets held in eToro digital wallets.Equities: Includes stocks, ETFs, and assets managed under the Spaceship program.Cash: Includes customers’ uninvested cash (e.g., cash balances, eMoney balances, in-process cashouts), as well as cash used for margin or posted as collateral for leveraged positions. Funded Accounts: Funded Accounts are users who have completed KYC, AML and other onboarding processes, activated their account, deposited funds, executed at least one trade at any time and have a positive account balance (invested or uninvested). Funded Accounts represent the deepest level of our user acquisition funnel and are the users from whom we generate total commission.
Interest Earning Assets: Interest Earning Assets are the average monthly balances of users’ cash balances, corporate cash, users’ total leveraged positions and stakeable cryptoassets.
Invested amount per trade: The total invested amount divided by the total number of trades. For reporting purposes, we present this measure separately for capital markets (equities, commodities, and currencies) and for cryptoassets, in order to highlight trends across the two categories, given their unique characteristics.
Net Contribution: Net Contribution reflects Total revenue and income, less the Cost of revenue from cryptoassets and Margin interest expense. We use Net Contribution to evaluate the net contributions of our users’ activity on our platform before considering the overhead costs associated with our operations.
Net Contribution consists of the following five components, each representing revenue or income divided across our products based on the distinct patterns upon which we monetize users’ activity on the platform. We evaluate the performance of our business and our success in both diversification and risk management across these five components:
Net Trading Contribution (Equities, Commodities and Currencies) is equal to our Net trading income from equities, commodities and currencies.Net Trading Contribution (Cryptoassets) is equal to Revenue from cryptoassets plus Net trading income (loss) from cryptoasset derivatives less Cost of revenue from cryptoassets, excluding the net contributions from blockchain rewards and staking activity.Net Interest Contribution represents Net interest contribution from users plus Other interest income plus the net contributions of staking activity, less Margin interest expense.eToro Money comprises the vast majority of our Currency conversion and other income. It represents the income earned from our money management services, including currency conversions, withdrawals, interchange on our debit card, transfers of cryptoassets, and fees relating to our cryptoasset wallet services.Subscriptions and Other is the remainder of Currency conversion and other income not attributable to eToro Money plus the net contributions of blockchain rewards. Net Income: Net income represents the company’s total earnings or profit for a given period, calculated as total revenue minus all expenses, including operating costs, depreciation, interest, taxes, and other income or expenses. It reflects the company’s overall profitability according to GAAP standards.
Total Money Transfers: Total money transfers are the cumulative value across the respective period of user deposits, withdrawals, and cross-currency trade funding via eToro Money IBAN.
Trades: Trades represent the total number of orders that were placed by users and executed during the applicable period. Trades include self-directed and copy trades, and each trade reflects either the opening or closing of a position by a user.
This press release contains forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, market positioning development plans and growth strategy. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “outlook,” “guidance,” “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “plan,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond eToro’s control. eToro’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to market volatility and erratic market movements; failure to retain existing users or add new users; extreme competition; changes in the regulatory and legal framework under which we operate; regulatory inquiries and investigations; our estimates of our financial performance; interest rate fluctuations; the evolving cryptoasset market, including the regulations thereof; conditions related to our operations in Israel, including the ongoing war; risks related to data security and privacy and use of Open Source Software (“OSS”); risks related to artificial intelligence (“AI”); the ability to maintain the listing of our securities on Nasdaq; changes in general economic or political conditions; changes to accounting principles and guidelines; unexpected costs or expenses; and other factors described in “Risk Factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission ("SEC") on March 2, 2026, as such factors may be updated from time to time in eToro’s filings with the SEC, which are, or will be, accessible on the SEC’s website at www.sec.gov.
Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent eToro’s views as of the date of this press release. eToro anticipates that subsequent events and developments will cause its views to change. eToro undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These forward-looking statements should not be relied upon as representing eToro’s views as of any date subsequent to the date of this press release.
Trading and investing platform eToro reported stronger-than-expected first-quarter earnings on Tuesday, helped by a sharp increase in commodities trading activity during a volatile market environment.
Shares of the company rose 6.5% in premarket trading.
The stock has gained nearly 10% so far this year as of the previous close.
Markets remained volatile during the first three months of 2026 as tensions in the Middle East fuelled inflation concerns and unsettled investors across global asset classes.
Such periods of uncertainty often benefit trading platforms as investors rebalance portfolios to hedge against risks.
eToro said net trading contribution from equities, commodities, and currencies jumped 71% year-over-year to $166 million during the quarter ended March 31.
Commodities trading emerged as the company’s biggest growth driver.
The segment accounted for nearly 60% of trading commissions during the quarter, while trading volumes surged almost fourfold compared to the same period last year.
The company also expanded its offering during the quarter by introducing 24/7 trading for commodities, equities and indices.
Overall net contribution increased 19% year-over-year to $258 million, compared with $217 million in the first quarter of 2025.
Adjusted quarterly profit rose to $86 million, or 91 cents per share, from $67 million, or 77 cents per share, a year earlier.
Analysts had expected earnings of 73 cents per share, according to estimates compiled by LSEG.
Net income under GAAP standards increased 37% to $82 million, while adjusted EBITDA climbed 35% to $109 million.
Yoni Assia, CEO and Co-Founder of eToro, said the company delivered its strongest quarterly financial performance since becoming a public company.
“I’m incredibly proud of the eToro team for delivering our strongest quarterly financial results as a public company, while continuing to accelerate product innovation,” Assia said.
He added that the company launched 24/7 trading, expanded access to Japanese equities, and introduced crypto trading in New York during the quarter.
Assia also pointed to growth in AI-focused products and the company’s expanding partnership with xAI.
“As part of its commitment to AI-powered investing, eToro introduced Agent Portfolios,” the company said, referring to AI-driven portfolio tools integrated with Tori, eToro’s AI agent.
Assia further said the acquisition of crypto wallet provider Zengo strengthens eToro’s strategy of connecting traditional finance with on-chain infrastructure and the broader crypto ecosystem.
“The acquisition of Zengo, a leading self-custodial crypto wallet provider, meaningfully advances our strategy of bridging traditional finance with on-chain infrastructure, prediction markets, perpetuals and the broader crypto ecosystem,” Assia said.
The Zengo acquisition closed on April 30, 2026.
eToro reported continued growth in customer activity and assets during the quarter.
Funded accounts increased 12% year-over-year to 4.02 million, supported by higher marketing spending on customer acquisition and retention.
Assets under administration rose 15% to $17 billion, while cash, cash equivalents and short-term investments stood at $1.3 billion as of March 31, 2026.
Chief Financial Officer Meron Shani said the results demonstrated the strength of the company’s diversified business model.
“Strong first quarter 2026 results supported by a surge in commodities trading, demonstrated the strength of our multi-asset business model,” Shani said.
The company also released preliminary April business metrics that indicated continued growth momentum.
Assets under administration rose 19% year-over-year to $18.7 billion in April, while funded accounts increased 13% to 4.07 million.
Total capital markets and equities, commodities and currencies trades reached 63 million during April, up 50% from a year earlier.
Meanwhile, crypto trading activity slowed.
Total crypto trades declined 32% year-over-year to 2 million, while the invested amount per crypto trade fell 22%.
Interest-earning assets increased 28% to $7 billion, while total money transfers climbed 53% to $1.4 billion during April.
How Did Peter Thiel-Backed Crypto Exchange Bullish's IPO Go?eToro Group NASDAQ: ETOR reported a strong start to 2026, with executives pointing to record public-company net contribution and adjusted EBITDA, accelerating funded account growth and a shift in trading activity from crypto toward commodities and other capital markets products.
On the company’s first-quarter earnings call, Chief Executive Officer Yoni Assia said net contribution rose 19% year over year to $258 million, while adjusted EBITDA increased 35% to $109 million. Chief Financial Officer Meron Shani said adjusted EBITDA margin expanded to 42%, compared with 37% a year earlier, driven by higher net contribution.
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IPO Momentum Returns: 3 Stocks Rising After CoreWeave’s Surge“This was a very strong quarter and a very strong start to 2026,” Assia said, adding that the results showed “the durability of our model” as users moved across asset classes while remaining active on the platform.
Commodities Drive Capital Markets Growth eToro’s capital markets business was a major contributor to the quarter. Shani said net trading contribution from capital markets rose 71% year over year to a record $166 million, supported by increased customer engagement and a shift by crypto traders into other products. Commodities accounted for 60% of trading commissions in the first quarter, and Assia said commodities volumes increased nearly fourfold from a year earlier.
Assia said many users who traded commodities had originally come to eToro for crypto or equities, highlighting the company’s multi-asset model. During the past six months, he said users who initially traded crypto or equities accounted for most commodities trading volume. In the Q&A, he added that about 60% of customers who traded commodities in the first quarter originally joined eToro to trade crypto or equities.
Shani said the number of trades rose 90% during the quarter, primarily due to activity in commodities and record inflows into copy trading as professional investors responded to changing market conditions.
Crypto contribution declined. Shani said net trading contribution from crypto was $13 million, with the year-over-year decline driven by lower trading activity and customers shifting into commodities. The figure included a $5 million negative valuation impact from the company’s corporate crypto holdings, leaving a $14 million balance at quarter-end.
Funded Accounts and Assets Under Administration Rise Funded accounts grew 12% year over year to 4.02 million, which Assia described as the company’s fastest organic growth in more than a year. Assets under administration reached $17 billion, up 15% year over year, driven by customer inflows.
Executives said momentum continued into April. Shani said April funded accounts reached 4.07 million, up 13% year over year, while assets under administration reached $18.7 billion, which he said was up 90% year over year. April trading trends continued to show strength in equities and commodities, with revenue per trade running “slightly above” the company’s typical $0.60 to $0.75 range, Shani said.
Net interest income was $48 million, down 5% year over year, which Shani attributed to lower interest rates and user deleveraging during market volatility. That decline was partly offset by a 13% increase in higher interest-earning assets, including user cash deposits, staking and corporate cash.
eToro Money contribution grew 32% year over year to a record $29 million, helped by a 70% increase in total money transfers. Assia said the number of eToro Money cards issued more than doubled from the prior quarter.
AI, Copy Trading and 24/7 Trading Remain Strategic Focuses Assia emphasized eToro’s use of artificial intelligence across internal operations and customer-facing products. He said the company made AI a company-wide mandate six months ago and is using AI agents across research, engineering, product development and marketing.
“We believe 2026 is the year of agents, and eToro is among the early adopters of this shift in our industry,” Assia said.
The company discussed Agent Portfolios, which allow users to allocate capital to AI-driven strategies within a dedicated portion of an eToro account. Assia said the product had been live for about three weeks and had generated more than 500,000 trades, though he cautioned that it remains early. He said the company is seeing higher trading velocity but smaller trade sizes, with the model resembling copy trading and Smart Portfolios.
Copy trading reached an all-time high during the quarter, according to Assia, driven by demand to copy professional investors during volatile market events. The company also launched an eToro App Store and a builders portal for trading and analytics applications, including AI-related tools.
Assia also discussed extended-hours trading. He said 24/5 trading has shifted about 30% of stock volume to after-hours periods, though the company has not disclosed how much of that is additive rather than substitutive. For 24/7 trading, he said it is still early but he expects it could represent at least 10% to 20% of volumes over time.
Balance Sheet, Buybacks and Acquisitions eToro ended the quarter with $1.3 billion in cash equivalents and short-term investments and generated $104 million in cash from operating activities. Shani said the company repurchased approximately 3.3 million shares for an aggregate $103 million under its previously announced share repurchase program.
Assia said the company has a “very strong M&A pipeline” and believes the current downturn in crypto creates opportunities for accretive acquisitions in 2026. He highlighted the recently announced acquisition of ZenGo, a self-custodial crypto wallet provider, as part of eToro’s longer-term crypto strategy.
Assia said ZenGo expands eToro’s ability to offer on-chain products, including swaps, yield, prediction markets and perpetuals over time. He said the deal gives eToro access to thousands of additional crypto assets through ZenGo, compared with more than 200 crypto assets available globally on eToro.
In response to an analyst question, Assia said ZenGo also expands eToro’s ability to compete across decentralized finance and traditional finance product categories, though he said it remains early to discuss revenue contribution.
Marketing Investment Set to Increase Adjusted operating expenses were $150 million in the first quarter, up 7% sequentially, driven by a $12 million increase in customer acquisition costs. Adjusted sales and marketing expense was $58 million, or 22% of net contribution.
Shani said eToro plans to gradually increase sales and marketing investment from 21% of net contribution last year to 25% this year, while remaining responsive to market opportunities.
Assia said AI is also changing the company’s marketing process by allowing teams to create more campaigns and target smaller customer segments more quickly. He said eToro has moved from roughly five campaigns a month to potentially 20 to 50, and expects that could accelerate further.
Looking ahead, executives said eToro is focused on expanding products across trading, investing, wealth management and neobanking. Assia said the company is seeking to bring commodities trading to U.S. customers in the next six to nine months and expects broader U.S. rollout of Smart Portfolios and CopyTrader in the second half, subject to regulatory processes.
About eToro Group NASDAQ: ETOReToro Group Ltd. NASDAQ: ETOR is a global multi-asset brokerage company known for its social trading platform. The company enables individual and institutional investors to trade and invest in a broad range of financial instruments, including stocks, exchange-traded funds (ETFs), commodities, indices, forex, and cryptocurrencies. eToro’s platform integrates a user-friendly interface with advanced trading tools, catering to both novice and experienced market participants.
A distinguishing feature of eToro’s offering is its CopyTrader™ functionality, which allows users to replicate the trades of selected investors on the platform.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Yoni Assia, CEO of eToro, joins ‘Money Movers' to discuss the company's latest earnings results, the significant drop in crypto trading volume, and more.
Yoni Assia, eToro CEO join Bloomberg Businessweek Daily on their reccent earnings beat. EToro Group reported adjusted earnings per share for the first quarter that beat the average analyst estimate.
eToro shares have dropped over 40% in the past year, closely tracking declines in Bitcoin and cryptocurrencies. Despite the crypto downturn, ETOR's trading activity remains robust, recently driven by increased commodities trading on its platform. The stock fell approximately 7% following Q1 earnings, despite continued elevated user engagement and a tentative rebound trajectory.
eToro (ETOR) delivered strong Q1 2026 results, with net contribution up 19% and GAAP net income up 37% year over year. Operating leverage is materializing, as net contribution and adjusted EBITDA outpaced overhead despite a decline in total reported revenue. Commodities trading drove 60% of commissions, offsetting declines in crypto; user engagement and funded accounts both increased solidly.
eToro Group Ltd (NASDAQ:ETOR) reported upbeat earnings for the first quarter on Tuesday.
The company posted quarterly earnings of 91 cents per share which beat the analyst consensus estimate of 73 cents per share. The company reported quarterly sales of $2.439 billion which beat the analyst consensus estimate of $229.869 million.
Etoro Group shares gained 8.3% to trade at $40.74 on Wednesday.
These analysts made changes to their price targets on Etoro Group following earnings announcement.
Considering buying ETOR stock? Here’s what analysts think:
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Key Takeaways FINRA eliminated the PDT rule, removing the $25,000 minimum for frequent day traders.HOOD and peers rose as investors anticipated higher retail trading activity and revenues.SCHW, ETOR and COIN could benefit as broader market access boosts customer engagement. Online brokerage stocks moved higher yesterday after a landmark regulatory change officially took effect, as the Financial Industry Regulatory Authority (“FINRA”) eliminated the long-standing pattern day trader (PDT) rule.
The move removes the requirement that traders must maintain at least $25,000 in their accounts to engage in frequent day trading. Investors welcomed the development, sending shares of brokerages such as Robinhood Markets (HOOD - Free Report) , Webull Corporation (BULL - Free Report) , eToro Group (ETOR - Free Report) , Charles Schwab (SCHW - Free Report) and even crypto-native platforms like Coinbase Global (COIN - Free Report) higher, reflecting expectations of increased retail trading activity and stronger brokerage revenues.
25-Year-Old Barrier Comes DownThe PDT rule was introduced in 2001 following the dot-com crash to limit excessive risk-taking by retail investors using margin. Under the framework, traders making four or more-day trades within five business days were required to maintain a minimum account balance of $25,000 or face trading restrictions.
The new rule eliminates the account-size threshold, the trade-counting mechanism and the “pattern day trader” designation altogether.
Instead, brokerages will now rely on real-time monitoring systems that assess actual intraday portfolio risk.
While the $25,000 requirement disappears, existing safeguards such as the $2,000 minimum margin requirement and the 25% maintenance margin standard remain in place.
Brokerages Poised to Gain From Increased Retail ActivityThe rule change is expected to reshape competition among brokerages, with firms that have invested in advanced risk-monitoring systems likely to attract more active traders. Platforms with large self-directed retail client bases, such as Robinhood and Webull, appear particularly well-positioned to benefit, while established players like Schwab could see greater use of their active-trading and margin offerings.
eToro and Coinbase may also benefit as easier market access encourages broader retail participation.
By removing the $25,000 account minimum, FINRA has made active trading accessible to a much larger pool of investors. As more traders engage in stocks, options and short-term trading strategies, brokerages could see a meaningful increase in trading volumes and customer activity.
Higher engagement is likely to support growth in key revenue streams, including payment for order flow, margin lending, premium subscriptions and trading-related services. The change may also help brokerages attract customers, improve retention and increase long-term customer value, providing a tailwind for revenue growth across the retail brokerage industry.
Currently, SCHW carries a Zacks Rank #2 (Buy), whereas COIN, BULL and ETOR have a Zacks Rank #3 (Hold). HOOD, however, carries a Zacks Rank #5 (Strong Sell).
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NEW YORK , June 08, 2026 (GLOBE NEWSWIRE) -- eToro Group Ltd. (“eToro”, or the “Company”) (NASDAQ: ETOR), the trading and investing platform, is reporting the below selected monthly business metrics for May 2026.
Assets under Administration (AUA) were $20.1B, up 18% year-over-year.Funded Accounts* were 4.23M, up 17% year-over-year.Capital Markets/ECC Activity Total number of trades was 64.0M, up 59% year-over-year;Invested amount per trade was $201, down 36% year-over-year; Crypto Activity Total number of trades was 2.2M, down 31% year-over-year;Invested amount per trade was $203, down 28% year-over-year; Interest Earning Assets were $7.2B, up 14% year-over-year.Total Money Transfers was $1.6B, up 100% year-over-year. May** 2025
2026
YoY ChangeTrading Activity Number of trades (Capital markets/ECC) (in Millions)40.3 64.0 59%Invested amount per trade (Capital markets/ECC)$313 $201 -36%
Number of trades (Cryptoassets) (in Millions)3.2 2.2 -31%
Invested amount per trade (Cryptoassets)$282 $203 -28%
Interest Earning Assets ($B)6.3 7.2 14% Total Money Transfers ($B)0.8 1.6 100% AuA ($B)17.0 20.1 18%Funded Accounts (in Millions)*3.61 4.23 17% * Funded Accounts for May 2026 includes 110,000 from Zengo and Bit2C acquisitions.
** Metrics for May 2026 are estimated as of May 31, 2026. Numbers are rounded but percentages are based on unrounded numbers.
The selected preliminary data presented above is based on currently available information, has not been audited or reviewed, is subject to update and should not be extrapolated for future periods. Final results and other business metrics for the full fiscal quarter will be available in our filings with the U.S. Securities and Exchange Commission (“SEC”) or otherwise publicly disclosed and might vary from the information in this press release.
This press release includes key performance indicators that eToro’s management uses to help evaluate the business, measure its performance, identify trends, prepare financial projections and make business decisions. eToro’s key performance indicators include Funded Accounts, Assets under Administration Interest Earning Assets, Total Money Transfers and Number of Trades and Invested Amount per Trade, both for Cryptoassets and for Capital markets/ECC. Definitions of key performance indicators can be found at the end of this press release.
For more information, please see our presentation on our IR website at investors.etoro.com
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Definitions
Assets under administration (AUA): AUA reflects the aggregate fair value of assets held by users within the platform, including those held by third-party partners for execution or custody services, categorized as follows:
Crypto: Includes all cryptoassets held in eToro digital wallets, Zengo and Bit2C.Equities: Includes stocks, ETFs, assets managed under the Spaceship program and ISA products.Cash: Includes customers’ uninvested cash (e.g., cash balances, eMoney balances, in-process cashouts), as well as cash used for margin or posted as collateral for leveraged positions.
Funded Accounts: Funded Accounts are users who have successfully completed the onboarding requirements, activated their account, deposited funds, executed at least one trade, and maintain a positive account balance. For Zengo and Bit2C users, Funded Accounts are defined as users with a positive account balance. Funded Accounts represent the most advanced stage of our user acquisition funnel and are the primary source of commission-generating activity.
Interest Earning Assets: Interest Earning Assets are the average monthly balances of users’ cash balances, corporate cash, users’ total leveraged positions and stakeable cryptoassets.
Total Money Transfers: Total money transfers are the cumulative value across the respective period of user deposits, withdrawals, and cross-currency trade funding via eToro Money IBAN.
Trades: Trades represent the total number of orders that were placed by users and executed during the applicable period. Trades include self-directed and copy trades, and each trade reflects either the opening or closing of a position by a user.
Invested amount per trade: The total invested amount divided by the total number of trades. For reporting purposes, we present this measure separately for capital markets (equities, commodities, and currencies) and for cryptoassets, in order to highlight trends across the two categories, given their unique characteristics.
About eToro
eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media center here for our latest news.
Shares of eToro Group Ltd. (ETOR - Free Report) have gained 1.5% over the past four weeks to close the last trading session at $38.17, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $56.67 indicates a potential upside of 48.5%.
The average comprises 15 short-term price targets ranging from a low of $38.00 to a high of $90.00, with a standard deviation of $12.68. While the lowest estimate indicates a decline of 0.5% from the current price level, the most optimistic estimate points to a 135.8% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
But, for ETOR, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in ETORAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 8.2%, as three estimates have moved higher compared to no negative revision.
Moreover, ETOR currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much ETOR could gain, the direction of price movement it implies does appear to be a good guide.
Investors interested in Insurance - Brokerage stocks are likely familiar with eToro Group Ltd. (ETOR - Free Report) and Aon (AON - Free Report) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
eToro Group Ltd. and Aon are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now. This means that ETOR's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. However, value investors will care about much more than just this.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
ETOR currently has a forward P/E ratio of 13.82, while AON has a forward P/E of 17.36. We also note that ETOR has a PEG ratio of 0.85. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. AON currently has a PEG ratio of 1.74.
Another notable valuation metric for ETOR is its P/B ratio of 2.3. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, AON has a P/B of 7.11.
These are just a few of the metrics contributing to ETOR's Value grade of B and AON's Value grade of C.
ETOR stands above AON thanks to its solid earnings outlook, and based on these valuation figures, we also feel that ETOR is the superior value option right now.
