| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 93 | 11.2x | 17.8x | Top tier | |
Growth | 10 | -36.0% | 7.1% | Bottom tier | |
Quality | 92 | — | — | Top tier | |
Safety | 86 | — | — | Top tier | |
Capital Return | 76 | — | 2.12% | Top tier | |
Momentum | 32 | -20.3% | 2.9% | Bottom tier | |
Sentiment | 41 | 8 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
eToro operates a multi-asset investment and trading platform that brings together stocks, cryptocurrencies, commodities, currencies, leveraged products, and copy investing within a single account. Its operating income comes from trading contribution across capital markets and cryptocurrencies, net interest income on client balances and company funds, and eToro Money services, alongside strategic expansion into wealth management, digital banking, and AI-powered investment tools. In Q2 FY2026, trading contribution from capital markets, stocks, commodities, and currencies reached $142 million, compared with $11 million from cryptocurrencies, $49 million in net interest income, and $26 million in contribution from eToro Money.
In Q2 FY2026, net contribution increased 9% year over year to $229 million, and adjusted EBITDA rose 9% to $78 million, while its adjusted margin remained stable at 34%. Adjusted diluted earnings per share increased to $0.68 from $0.56 in Q2 FY2025. The company also ended the quarter with $1.2 billion in cash and short-term investments and generated $39 million in operating cash flow.
Operating metrics reflect the expansion of the platform's base; funded accounts increased 18% year over year to 4.28 million accounts, and assets under administration rose 10% to more than $19 billion in Q2 FY2026. The number of trades increased 64%, driven by stock activity and continued use of copy investing, while eToro Money contribution grew 44% as money transfers increased 92%. For FY2025, eToro recorded revenue of $13.8 billion, gross profit of $253.4 million, net income of $215.7 million, and earnings per share of $2.27.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus rates eToro stock a “Buy,” with an average price target of $47 and a wide range between $32 and $53. The average target sits directly below the 52-week range high of $47.70, while the wide gap between the lowest and highest targets reveals uncertainty about the sustainability of trading activity, cryptocurrency weakness, and the timing of returns from integrating TradeZero. No price-to-earnings ratio is available in the provided data, so the valuation here is based on the target range and the 52-week range rather than an earnings-multiple comparison.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
eToro benefited from users shifting among asset classes within its multi-asset platform. Trading contribution from capital markets, stocks, commodities, and currencies increased 25% to $142 million, while cryptocurrency contribution was limited to $11 million. As a result, net contribution grew 9% to $229 million, and adjusted EBITDA increased 9% to $78 million, with the margin stable at 34%.
On August 11, 2026, eToro announced a planned acquisition of TradeZero for up to $230 million in cash and stock, with closing expected in the first half of 2027. TradeZero generated approximately $80 million in revenue over the last 12 months and a gross margin exceeding 80% in Q2 FY2026. eToro aims to leverage its brokerage and self-clearing infrastructure and its short-selling, futures, and options technologies to expand its offerings in the United States and Canada, and it expects the transaction to support adjusted earnings per share in the first full year after closing.
eToro launched a new app that places its Tori agent at the forefront of the experience, alongside Agent Portfolios, a store featuring more than 75 apps, and the eToro Edge platform for active traders. In August 2026, the company enabled users to connect Grok and Claude to eToro accounts through user-defined permissions, allowing automated trading within a dedicated portfolio. However, management described the number of Agent Portfolios users as relatively small as of August 11, 2026, while noting that early users trade at high volumes.
Funded accounts reached 4.32 million in July 2026, up 18% year over year. In contrast, assets under administration declined 5% to $18.5 billion due to lower cryptocurrency prices, while the number of capital markets trades remained flat year over year. Management also noted a decline in margin balances and indicated during the August 11, 2026 call that activity improved during the first ten days of August.
In Q2 FY2026, capital markets, stocks, commodities, and currencies generated net trading contribution of $142 million, compared with $11 million from cryptocurrencies. Net interest income added $49 million, up 7%, supported by a 12% increase in higher interest-earning assets. eToro Money also contributed $26 million, up 44%, while total money transfers grew 92% year over year.
July 2026 data showed assets under administration declining to $18.5 billion and the number of trades remaining flat, alongside weak cryptocurrency prices and lower margin balances among some clients. Management also expected adjusted operating expenses to rise slightly compared with Q2 FY2026 due to spending on marketing and research and development. In addition, the planned acquisition of TradeZero requires the transaction to be completed and its technologies integrated before eToro can realize the expansion benefits it is targeting in the United States and Canada.
