Abstract
eToro Group Ltd. will report fiscal results on February 17, 2026 Pre-Market, with markets watching revenue, margins, and adjusted EPS momentum into the new quarter.
Market Forecast
Consensus tracking and the company’s guided framework indicate current-quarter revenue of $217.92 million, implying approximately 5.10% year-over-year growth, with forecast EBIT at $72.02 million and forecast EPS of $0.63; year-over-year rates were not disclosed in the dataset. Forecast commentary suggests gross margin and net margin to hold broadly stable near recent run-rate levels, with adjusted EPS expected to edge higher on operating leverage. Main business outlook points to trading and investing activity led by crypto assets, complemented by net trading gains in stocks, commodities, and currencies, and user net interest income. The most promising segment remains crypto assets, with revenue concentration continuing and momentum supported by market activity; explicit year-over-year growth figures for the segment were not provided.
Last Quarter Review
In the previous quarter, eToro Group Ltd. reported revenue of $224.39 million, a gross profit margin of 2.27%, GAAP net profit attributable to the parent company of $56.82 million, a net profit margin of 1.39%, and adjusted EPS of $0.60; year-over-year growth rates for these metrics were not included in the dataset. A notable highlight was a sequential improvement in profitability, with quarter-on-quarter net profit growth of 88.23%, indicating stronger operating efficiency and favorable market conditions. Main business performance was led by crypto assets revenue of $3.97 billion as shown in the breakdown field; however, given the clear unit mismatch with total quarterly revenue, this figure likely reflects a gross flow or notional amount rather than recognized GAAP revenue and should not be interpreted as comparable to the consolidated revenue line.
Current Quarter Outlook (with major analytical insights)
Core trading and investing platform
eToro Group Ltd.’s core platform generates revenue through transaction-related income, net trading gains on client activity, and associated interest income on client balances. With forecast revenue at $217.92 million and EBIT at $72.02 million, current-quarter projections imply a healthy operating margin profile driven by stable activity levels and controlled costs. The platform’s performance this quarter will hinge on client engagement, spreads, and turnover, which typically correlate with market volatility in crypto and broader risk assets. Any moderation in crypto volatility could temper client trading frequency, but seasonally steady equity and commodity participation may offset mix effects. Management’s prior-quarter delivery of $0.60 adjusted EPS points to a cost base that can support incremental margin expansion if revenues track to plan.
Crypto assets revenue engine
Crypto assets remain the largest revenue driver per the company’s business breakdown, and the near-term outlook remains closely tied to digital asset price levels and volatility. Forecasts assume modestly constructive conditions that support spreads and transaction volumes, but do not embed a pronounced surge. If crypto prices consolidate after a strong run into late 2025, volumes could normalize, but derivatives and broader product breadth may help preserve engagement. The company’s exposure also carries asymmetric potential: upside in a renewed crypto up-cycle would translate quickly into higher client turnover and potentially higher net trading income, while downside would manifest in reduced volumes and a mix shift toward interest income.
User net interest and other income
User net interest income and other lines, including currency exchange and other fees, provide diversification to the transaction-led business model. In the last quarter’s breakdown, user net interest and “other interest” collectively formed a material, though smaller, share of total revenue. With policy rates expected to remain supportive versus pre-2024 baselines, the carry on client cash balances should continue to underpin a stable contribution. However, if central banks signal a faster-than-expected rate normalization, this tailwind could fade through the year, making transactional activity more critical to sustaining margins.
Key stock price swing factors this quarter
Equity performance around the print will likely be influenced by the revenue trajectory versus the $217.92 million expectation, any commentary on gross and net margin durability, and the sustainability of adjusted EPS expansion beyond $0.60 delivered last quarter. Management’s tone on client onboarding, retention, and active trader trends will be scrutinized for signs of momentum decoupling from crypto cycles. The balance between trading-driven income and interest-driven income will be monitored, as a heavier reliance on the latter may signal normalization in trading intensity, which could cap near-term multiple expansion.
Analyst Opinions
Recent commentary over the past six months presents a mixed picture with no clear majority leaning decisively bullish or bearish, resulting in a Neutral stance. Observers emphasize sensitivity to crypto-asset volatility and the importance of cost discipline for margin progression. The prevailing view expects eToro Group Ltd. to meet to slightly exceed revenue and EPS projections, contingent on stable trading conditions and continued engagement from active clients. The watchpoints into this release include confirmation that the prior quarter’s net profit step-up was not a one-off and that interest-related income remains resilient even if trading intensity moderates.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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