Summary by Moomoo AI
Futu Holdings delivered robust Q4 2024 results with total revenues up 86.8% YoY to HK$4.43 billion and net income surging 113.3% YoY to HK$1.87 billion. The company's operating margin improved to 50.0% from 43.1% in Q4 2023, driven by strong topline growth and operating leverage. Total trading volume hit a record HK$2.89 trillion, up 201.7% YoY, with U.S. stock trading volume reaching HK$2.08 trillion.Total paying clients increased 41.0% YoY to 2.41 million, with total client assets growing 53.1% YoY to HK$743.3 billion. The company maintained strong momentum across all markets, with Hong Kong emerging as the top contributor of new paying clients. Margin financing and securities lending balance reached an all-time high of HK$50.9 billion, up 53.7% YoY.For the full year 2024, Futu's total revenues grew 35.8% to HK$13.59 billion, while net income increased 27.0% to HK$5.43 billion. The company maintained its leadership in Hong Kong IPO underwriting for the third consecutive year, completing 40 IPOs in 2024. Management provided guidance for 800,000 net new paying clients in 2025, demonstrating confidence in continued growth.
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