Key facts
- eToro exceeded second-quarter profit estimates with adjusted earnings per share of 68 cents, beating the 61-cent consensus.
- The company announced plans to acquire US online brokerage TradeZero for up to $231 million in a cash-and-stock deal.
- eToro's total revenue for the second quarter was $1.59 billion, a decrease from $2 billion in the same period of 2025.
- Revenue from crypto assets declined approximately 30% year-over-year to $1.34 billion.
- TradeZero generated about $80 million in revenue over the last 12 months, with 81% gross margins.
- The acquisition is expected to close in the first half of 2027 and be accretive to EPS in the first year.
Trading platform eToro announced it will acquire US online brokerage TradeZero for up to $231 million as part of its US expansion plans. The company also reported second-quarter earnings that surpassed analyst expectations, with adjusted earnings per share of 68 cents against an estimate of 61 cents.
Despite beating profit estimates, eToro's total revenue for the quarter was $1.59 billion, down from $2 billion in the comparable 2025 period. Revenue from crypto assets saw a significant decline of approximately 30% year-over-year, falling to $1.34 billion. Total cryptocurrency trades on the platform also decreased by 73% year-over-year in July.
TradeZero, which generated about $80 million in revenue with 81% gross margins in the last 12 months ended June 30, 2026, is expected to accelerate eToro's US market expansion. The acquisition is anticipated to be accretive to adjusted earnings per share in the first year after closing, which is projected for the first half of 2027.