Finance News

Story: eToro Hits $82M Net Income as Commodities Trading Overtakes Crypto Revenue

By James Thorp

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Commodities Grab 60% of Commission Revenue. Here's where things get interesting. Commodities accounted for 60% of trading commissions in Q1…

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BitLicense and Japanese Equities Broaden Reach. eToro secured a New York BitLicense in Q1. That means crypto trading is now available in New York,…

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How eToro Stacks Up Against Rivals. Other retail brokers posted mixed results for Q1. Plus500 saw revenue hit $242 million, up 18%…

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eToro made $82 million in net income during Q1 2026. That's 37% more than the same quarter last year.

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Net contribution hit $258 million, up 19% year-over-year. Funded accounts climbed to 4.02 million. Assets under administration grew 15% to $17 billion.

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Here's where things get interesting. Commodities accounted for 60% of trading commissions in Q1 2026. Back in Q2 2025, that figure sat at just 16%.

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Trading income from equities, commodities, and currencies jumped 71% year-over-year to $166 million. Capital markets trade activity soared 81% to 243 million trades in Q1 2026.

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eToro expanded trading hours for select commodities, equities, and indices during the quarter.

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eToro secured a New York BitLicense in Q1. That means crypto trading is now available in New York, a market that's been tough to crack for years.

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The company launched its App Store for third-party developers this quarter. It's a platform for building tools that plug into eToro's ecosystem.

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Agent Portfolios, another new product, lets users automate trading strategies. It's part of eToro's push into AI-driven features.

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Read also: Figures Loan Book Hits $2.9 Billion as Bernstein Sees 72% Rally Ahead

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On April 30, eToro closed its acquisition of Zengo. Zengo brings a self-custodial wallet with over two million users. That's a big addition.

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eToro spent $101 million on share buybacks during the quarter. The company expanded its buyback program in February, and it's clear management thinks the stock is undervalued.

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Other retail brokers posted mixed results for Q1. Plus500 saw revenue hit $242 million, up 18% year-over-year, and raised its full-year outlook.

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