'Plus500 has delivered significant strategic progress': Trading platform upgrades annual outlook
Trading platform Plus500 has hiked its full-year sales and earnings outlook as it revealed new customer numbers surged by more than a quarter over its third quarter.
The FTSE 250 group said it attracted another 28,747 customers over the three months to September 30, up 27 per cent year on year.
Revenues jumped 11 per cent to $203.2 million (£152.2 million) over the quarter while underlying earnings lifted 7 per cent to $88.4 million (£66.2 million).
It said full-year results were now set to beat market expectations, given the “strong financial performance and meaningful strategic progress in the first nine months of 2026”.
Most analysts had pencilled in 2026 revenues to reach $837.6 million (£627.2 million) and earnings to hit $358 million (£268.1 million).
David Zruia, chief executive of Plus500, said: “Plus500 has delivered significant strategic and operational progress in the third quarter and throughout 2026, underpinning strong financial results.
“We expanded our global reach and product suite, which continued to attract increasing numbers of higher-value customers.”
Plus500 said it had continued its new products push, as well as ongoing strategic acquisitions, with the recently-announced deals to buy two broker-dealers in the US and Brazil.