Plus500 Revenue Surpasses Expectations with Strong FY 2025 Results

Plus500 Ltd. (PLUS) has announced a robust FY 2025 trading update, revealing revenue and EBITDA figures that exceed market predictions.

The company's strategic shift towards higher-value customers and expansion into new markets appears to be paying off, bolstered by significant partnerships in the US futures space.

Revenue for FY 2025 reached approximately $792 million, while EBITDA hit roughly $348 million, both surpassing market expectations.

On a constant currency basis, EBITDA is approximately 8% higher than in FY 2024. The company maintains a strong, debt-free financial position, holding approximately $0.8 billion in cash as of December 31, 2025, after distributing around $380 million to shareholders during the year.

The focus on attracting and retaining higher value customers is evident in the improved customer acquisition cost (AUAC), which declined by more than 10% year-on-year. New Customers onboarded were approximately 104,500. Active Customers remained steady at approximately 242,000. Notably, approximately 50% of OTC revenue in FY 2025 was generated by customers trading with Plus500 for more than five years, double the percentage from three years prior.

Plus500 has solidified its position in the US futures market through two key B2B partnerships. The company was appointed as the clearing partner for the CME Group's prediction market platform, launched in collaboration with FanDuel.

Furthermore, Plus500 is now the exclusive provider of institutional-grade clearing and technology infrastructure for Topstep, a prominent US-based trading education platform.

The company has also expanded its reach into new geographic markets. Plus500 secured new regulatory licenses in the UAE and Canada and received authorization to establish a representative office in Colombia, marking its entry into Latin America. The Group now holds 16 global licenses.

Plus500 demonstrated its commitment to shareholder returns by announcing total returns of $365 million during FY 2025, including $200 million allocated to share buyback programs. The company has been the best performing stock on the FTSE All-Share Index on a total return basis since its IPO in 2013 to the end of December 2025.