Plus500 Revenue Hits 3-Year High as US Expansion and Costs Weigh on Profits

Key Facts

1Plus500 revenue rose 12% to a three-year high in the first half of the year.

2EBITDA remained nearly flat, edging up 1% to $187.5 million despite the revenue jump.

3The company attributed the profit gap to increased customer acquisition spending, US expansion costs, and a stronger Israeli shekel.

Amid a competitive landscape for digital trading platforms, Plus500 reported mixed financial results for the first half of the year. According to reports, the company's revenue rose 12% to $462.9 million, reaching a three-year high driven by strong growth in its US futures and prediction markets. However, EBITDA remained nearly flat, edging up just 1% to $187.5 million despite the significant jump in top-line revenue.

The gap between revenue growth and profit stagnation is attributed to strategic investments and economic headwinds, as the firm increased spending on customer acquisition and US expansion costs. Profit margins were further impacted by a stronger Israeli shekel against the US dollar and expansion costs in India following the Mehta acquisition. While revenue growth slowed to 5% in the second quarter, customer income from direct trading hit a five-year half-year high of $460.8 million.

Regarding current market levels, updated price data for PLUS.L was unavailable at close August 10, 2026, leaving qualitative outlooks as the primary driver for investors. Traders are monitoring the success of new partnerships with Wealthsimple in Canada and Nelogica in Brazil to bolster future cash flows. In a broader context, the US ISM Services PMI released on August 5 recorded a level of 54.1, indicating sustained economic activity that may influence trading volumes on financial platforms.

Sources:

proactiveinvestors.co.uk