Plus500 has released a trading update for the financial year ended 31 December 2025 (FY 2025), showing another year of solid financial performance and strategic progress. The online trading group generated revenue of approximately $792 million, while EBITDA reached around $348 million, both exceeding market expectations. On a constant currency basis, EBITDA was about 8% higher than in FY 2024, reflecting steady operating momentum despite changing market conditions.

The Group ended the year with a strong balance sheet, remaining debt-free and holding cash balances of about $800 million. This followed the distribution of roughly $380 million to shareholders during 2025, underlining Plus500’s ability to return capital while still maintaining financial flexibility. Total shareholder returns for the year reached $365 million, including $200 million in share buybacks.

Plus500 Beats Market Expectations with Strong FY 2025 Performance

From an operational perspective, Plus500 continued its shift toward long-term, higher-value clients. The company onboarded approximately 104,500 new customers in 2025, slightly lower than the previous year, but achieved a positive improvement in Average User Acquisition Cost, which declined by more than 10% year-on-year. Active customers stood at around 242,000, compared with 254,138 in FY 2024, reflecting a more selective focus on customer quality rather than pure volume.

A key highlight of the year was Plus500’s growing footprint in the US futures and event-based markets. The Group was appointed as the clearing partner for CME Group’s prediction and event-based contracts platform, launched in partnership with FanDuel. This followed the Topstep partnership announced in October, where Plus500 now acts as the exclusive provider of clearing and technology infrastructure for Topstep Brokerage and related entities.

Geographically, 2025 also marked an expansion phase. Plus500 secured new regulatory licences in the UAE and Canada and gained approval to open a representative office in Colombia, its first move into Latin America. With 16 licences globally, the company continues to strengthen its regulatory and operational reach.

Looking ahead, the Board said it remains confident in the outlook for 2026 and beyond, with Plus500 expected to continue building on its financial strength, expanding strategically, and delivering further returns to shareholders.

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