Plus500 has upgraded its 2026 guidance after a strong first quarter, reporting an 18% year-over-year rise in revenue to $242.1 million.
The London-listed multi-asset broker said higher customer engagement, a shift toward higher-value clients, and continued growth in its US futures and prediction markets operations drove revenue up 24% from the previous quarter.
Customer income — a key indicator of client activity — reached $270.6 million, the highest quarterly level since 2021 and 53% above last year. New client sign-ups rose 48% year-over-year.
EBITDA came in at $95.7 million, up 19% quarter-over-quarter, though only 2% higher than last year. The company noted that a deliberate $16 million increase in customer acquisition spending, plus roughly $4 million in additional payment processing costs tied to record deposits of $1.8 billion, weighed on the annual comparison.
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US business continues to grow
Plus500’s US arm generated about $35 million in revenue, up 45% from a year earlier. The business now accounts for roughly 15% of group revenue and 18% of new customers. In February, the company launched a retail-facing prediction markets platform under its Plus500 Futures brand, with an expanded version planned for the second quarter.
Outlook
“We expect FY 2026 revenue and EBITDA to be ahead of current market expectations,” CEO David Zruia said, citing strong momentum and an increasingly diversified global footprint.
The upgrade marks a reversal from the same quarter last year, when Plus500 reported a 16% drop in new customer sign-ups and a 5% revenue decline.
Shares remain up more than 200% since the start of 2024, supported by nearly $2.9 billion in capital returns since the company’s 2013 IPO.
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