Overview
Plus500 announced its first‑half 2026 financial results on 13 July 2026. Revenue reached $462.9 million, a 12% year‑on‑year increase and the highest level in three years. Customer income climbed 24% to $460.8 million, marking a five‑year record for a six‑month period. EBITDA grew 1% to $187.5 million, delivering a 41% margin.
Business Segment Performance
The non‑OTC segment expanded by roughly 30% year‑on‑year to about $70 million, representing 15% of group revenue, up from 13% a year earlier, driven by accelerating momentum in the United States. New customer acquisitions rose 17% to 65,723, while the count of active customers increased 10% to 197,294.
Management Commentary
CEO David Zruia stated that H1 2026 delivered the strongest customer income in five years and the highest revenue in three years, attributing the performance to the quality of the customer base, proprietary technology, and the expanding breadth of global platforms.
Analyst Reaction
Jefferies analysts described the results as a “strong print” and noted that momentum is expected to continue into the third quarter. They added that there is “room for 2H revenue forecasts to rise, possibly ahead of guidance.”
Guidance and Share Reaction
Despite the robust half‑year performance, Plus500 kept its full‑year 2026 revenue and EBITDA guidance unchanged, aligning with current market expectations after multiple upgrades earlier in the year. The unchanged guidance prompted the stock to plunge around 13% on the day of the announcement.
Outlook and Upcoming Dates
The company indicated continued operational momentum, especially in its U.S. business and expanding prediction‑markets offering, while maintaining a resilient OTC operation. Plus500 will release its full first‑half results, including details on new shareholder returns, on 10 August 2026.