20th Apr 2026 09:28
(Alliance News) - Plus500 Ltd on Monday said customer income reached a five-year record high in the first quarter of 2026 as it forecast full-year revenue and earnings ahead of market expectations.
The Haifa, Israel-based trading platform operator said revenue rose 18% to USD242.1 million in the first quarter of 2026 from USD205.8 million the year prior.
This was driven by strong customer activity across both over-the-counter and non-OTC businesses, amid heightened market volatility, it said.
Earnings before interest, tax, depreciation and amortisation grew 2.0% to USD95.7 million from USD93.8 million on-year.
New customers increased 48% and active customers by 21%, although average revenue per customer declined 2.7%.
Plus500 said customer Income increased 53% year-on-year to a five-year record high of USD270.6 million, up from USD176.3 million.
Reflecting this "strong performance and outlook", the firm expects 2026 revenue and Ebitda to be ahead of current market expectations which it put at USD779.3 million and USD360.4 million respectively.
In 2025, the company reported revenue of USD792.4 million and Ebitda of USD348.1 million.
Shares in Plus500 fell 0.9% to 4,416.00 pence each in London on Monday morning and have risen 47% in the last 12 months.
Chief Executive Officer David Zruia said: "The group delivered an excellent performance in the quarter, with strong growth across key financial and operational metrics."
Plus500 said it expects to announce additional strategic partnerships across its business-to-business futures and prediction markets businesses in the short to medium-term.
It launched a US business-to-consumer prediction markets product in February.
By Jeremy Cutler, Alliance News reporter
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