Plus500 has reported a strong financial performance in the second quarter, driven by a sharp increase in client deposits and solid growth across various business areas.
🚀 Client Deposits Reach New Heights
In Q2, client deposits climbed to approximately $1.5 billion, a significant jump from $1.0 billion in the previous quarter. This surge played a key role in driving total revenue up by around 3%, reaching $176 million for the quarter.
📈 Operating Profit on the Rise
Operating earnings also saw strong momentum. EBITDA rose by 23% quarter-over-quarter to roughly $94 million, with profit margins reaching 46%. This reflects improved efficiency and stronger customer monetization across its platforms.
🌐 Expanding Product Mix and Global Reach
The company continues to diversify beyond traditional CFD trading. Non-OTC products, including futures and share dealing, contributed approximately 12% of total revenue this quarter—up from 10% the previous year. Strategic moves to enter new markets, including expansion into the U.S. and India, further underline Plus500’s global ambitions.
👥 Customer Engagement and Deposit Trends
Although the number of new customers was lower compared to the same period last year, the average deposit per active client more than doubled. The figure soared by 106% year-over-year, reaching about $12,450. This suggests a shift toward more experienced or higher-value traders engaging with the platform.
💰 Strong Financial Health and Upbeat Forecast
Plus500 closed the quarter with a robust cash position of roughly $885 million and remains debt-free. Given its performance so far this year, the company has revised its full-year 2025 outlook upward, expecting earnings to outperform previous market expectations.
Summary Highlights:
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Q2 client deposits surged to ~$1.5 billion
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Revenue climbed to $176 million (up ~3% QoQ)
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EBITDA jumped 23% to $94 million (46% margin)
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Non-OTC revenue grew to 12% of total
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Average deposit per active user hit ~$12.5K
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Cash reserves stood at ~$885 million, no debt
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Full-year forecast revised upward
