eToro Group Ltd. announced its financial results for the first quarter of 2026 this week, reporting net contribution of $258 million, up 19 percent from the prior year, according to a press release distributed via Zawya. GAAP net income increased 37 percent to $82 million as commodities trading drove performance and the platform expanded its product offerings. Adjusted EBITDA rose 35 percent to $109 million while adjusted diluted EPS reached $0.91.
According to the press release, funded accounts grew 12 percent year-over-year to 4.02 million at the end of March driven by marketing efforts on user acquisition and retention. Assets under administration expanded 15 percent to $17.0 billion. Cash, cash equivalents and short term investments totaled $1.3 billion as of March 31, 2026. The results compare to net contribution of $217 million and funded accounts of 3.58 million in the first quarter of 2025.
Yoni Assia, CEO and Co-Founder of eToro, said in the statement, «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.» He detailed launches including 24/7 trading for commodities, equities and indices, the addition of Japanese equities now spanning 26 exchanges, and crypto trading in New York. The company introduced the eToro App Store, AI-powered Agent Portfolios, and an integration with xAI for Tori, its AI agent.
Meron Shani, eToro CFO, stated in the release, «Strong first quarter 2026 results supported by a surge in commodities trading, demonstrated the strength of our multi-asset business model.» Shani noted the combination of diversified revenue streams, strong funded accounts growth, and increased customer engagement as factors in the performance. The executive added that the company continues to execute with discipline to deliver long-term value to shareholders.
The announcement outlined progress in wealth management including growth in UK ISAs where assets under management grew 15 times year-over-year alongside an upgraded eToro Club Subscription offering exclusive tools and rewards. In neo-banking the European rollout of the eToro Money card saw new cards issued increase 2.2 times quarter-over-quarter. These steps target expanded adoption across trading, investing, wealth management, and neo-banking pillars.
eToro announced the acquisition of Zengo, a self-custodial crypto wallet provider, which closed on April 30, 2026, according to the press release. The deal advances efforts to bridge traditional finance with on-chain infrastructure, prediction markets, perpetuals, and the broader crypto ecosystem. A Fortune Business Insights report projected the global online trading platform market to grow from $11.57 billion in 2026 to $18.50 billion by 2034 at a 6 percent compound annual growth rate.
April metrics released by the company showed assets under administration at $18.7 billion, up 19 percent year-over-year, and funded accounts at 4.07 million, up 13 percent. Capital markets trades totaled 63 million in April, a 50 percent increase, while interest earning assets reached $7.0 billion, up 28 percent. Total money transfers grew 53 percent to $1.4 billion even as crypto trade volumes declined.