Plus500 Ltd (LON:PLUS), a global multi-asset fintech group operating proprietary technology-based trading platforms, has announced its trading update for the six-month period ended 30 June 2026.
David Zruia, Chief Executive Officer of Plus500, commented:
“H1 2026 delivered the strongest Customer Income in five years and the highest revenue in three years, reflecting the quality of our customer base, the power of our proprietary technology, and the growing breadth of our global platforms.
In the US, we launched our B2C prediction markets offering in February 2026 and recently introduced our next-generation offering with CFTC-regulated sports event-based contracts, the highest-engagement category in prediction markets. We will continue to leverage our unique dual-channel position across B2B and B2C segments to drive growth, innovation and partnerships. In our OTC business, we launched our localised trading platform in Canada and also introduced innovative new products for our global customer base to continuously access market opportunities across stocks and ETFs.
This strong performance reflects Plus500’s strategic evolution into a diversified, global multi-asset fintech group, with a more resilient and diversified earnings model. The Board expects FY 2026 revenue and EBITDA to be in-line with current market expectations, following several upgrades this year.”
Financial and Operational highlights*
| H1 2026 | H1 2025 | Change % | Q2 2026 | Q2 2025 | Change % | |
| Revenue[3] | $462.9m | $415.1m | 12% | $220.8m | $209.3m | 5% |
| EBITDA[4] | $187.5m | $185.1m | 1% | $91.8m | $91.3m | 1% |
| ARPU[5] | $2,346 | $2,307 | 2% | $1,683 | $1,578 | 7% |
*Unaudited
Material strategic expansion into high-growth markets and next-generation products
+ Plus500 has established itself at the centre of the US prediction markets industry, one of the most dynamic and fast-growing segments in the financial markets today, significantly expanding the Group’s addressable market. In February 2026, the Group launched its B2C prediction markets offering and, in June 2026, launched its next-generation offering with CFTC-regulated sports event-based contracts, representing the highest-engagement category in prediction markets.
+ Both the Group’s OTC and non-OTC[6] businesses delivered strong financial performance in H1 2026. The global OTC offering expansion into Canada and Japan continued to broaden an already resilient and diversified global earnings base. North America expansion is gathering momentum, with Canada now live on Plus500’s localised OTC platform. In Japan, the enhanced multi-asset product offering, tailored for the local market, is providing further momentum to this important long-term growth opportunity.
+ The Group launched 24/5 trading on stocks and ETFs, enabling customers to trade around the clock, five days a week, and further expanding the Group’s OTC product offering with continuous access to global financial markets. This reflects a structural shift reshaping the industry, with extended-hours trading now accounting for a significant and growing share of global retail activity.
Record performance reflects strength and depth of the Plus500 platforms
+ Customer Income[7] reached a five-year record high for a six-month period of $460.8m, a 24% increase year-on-year (YoY) (H1 2025: $371.5m), demonstrating the accelerating momentum across the Group and the increasingly high value and growing longevity of its customers.
+ Revenue increased by 12% YoY to $462.9m (H1 2025: $415.1m), reaching a three-year record high, driven by strong performance across all business lines and the continued structural diversification of the Group’s earnings base. This performance was further supported by heightened market volatility, which Plus500’s scalable, proprietary technology platforms were well positioned to capitalise on.
+ EBITDA increased by 1% YoY to $187.5m (H1 2025: $185.1m), equating to an EBITDA margin of 41%, reflecting the flexibility of the Group’s operating cost base and its ability to invest in growth while maintaining strong profitability. During H1 2026, the Group deliberately increased investment in customer acquisition, driving a 17% increase in New Customers[8] YoY, alongside strategic initiatives to attract higher value customers and support the expansion of the Group’s US operations. On a constant currency basis, underlying performance was even stronger, with reported results impacted by FX-related cost headwinds during the period.
+ The non-OTC business accounted for c.15% of total Group revenue in H1 2026 (H1 2025: c.13%), equating to c.$70m and representing growth of c.30% YoY, with accelerating momentum across the US businesses. This performance highlights the continued and increasingly diversified composition of the Group’s revenue mix.
+ New Customers reached 65,723 in H1 2026, a 17% increase YoY (H1 2025: 56,165), including 25,856 in Q2 2026 (Q2 2025: 29,268), supporting Active Customers[9] of 197,294, which increased by 10% YoY (H1 2025: 179,931), including 131,214 in Q2 2026 (Q2 2025: 132,602).
+ The Group’s deliberate focus on higher-value customers with greater longevity, enabled by the continued strength of its proprietary technology and compelling product offering, is directly reflected in the five-year record Customer Income and the increasing strength and resilience of the Group’s revenue and earnings.
+ The Group’s balance sheet remained debt-free with cash balances of over $850m as of 30 June 2026.
Outlook
Plus500 enters H2 2026 with strong operational momentum and with a broader, deeper and more competitively differentiated strategic roadmap across both its OTC and non-OTC businesses. The continued scaling of the Group’s US operations, including its expanding prediction markets offering, provides a fast-growing and increasingly significant growth opportunity, alongside the OTC business that continues to demonstrate resilience and depth across global markets.
Supported by a robust, debt-free balance sheet, proven best-in-class proprietary technology and a growing pipeline of B2B and B2C opportunities, the Company’s Board of Directors is confident in the Group’s prospects and expects FY 2026 revenue and EBITDA to be in-line with current market expectations[10], following multiple upgrades this year.
Plus500 will announce its H1 2026 results, including new shareholder returns comprising dividends and share buyback programmes, on Monday 10 August 2026.
[1] Record six-month period for Customer Income over the last five years and for Revenue over the last three years
[2] Market expectations – Based on compiled analysts’ consensus forecasts (Source: Bloomberg), located on the Investor Relations section of the Company’s website. Consensus forecasts for FY 2026 Revenue and EBITDA are $811.5m and $368.1m, respectively
[3] Revenue is comprised of trading income and interest income
[4] EBITDA – Revenue (trading income and interest income) minus operating expenses plus depreciation and amortisation
[5] ARPU – Average Revenue Per User
[6] Non-OTC includes futures and share dealing
[7] Customer Income – From OTC (customer spreads and overnight charges) and non-OTC (commissions from the Group’s futures and options on futures operation and from ‘Plus500 Invest’, the Group’s share dealing platform)
[8] New Customers – Customers depositing for the first time
[9] Active Customers – Customers who made at least one real money trade during the period
[10] Market expectations – Based on compiled analysts’ consensus forecasts (Source: Bloomberg), located on the Investor Relations section of the Company’s website. Consensus forecasts for FY 2026 Revenue and EBITDA are $811.5m and $368.1m, respectively
