Ted Hisokawa
May 13, 2026 09:00
EToro’s Q1 2026 income jumped 37% to $82M, driven by a fourfold increase in commodities trading. Crypto volumes fell 32% year-over-year.
EToro reported a 37% year-over-year rise in net income for Q1 2026, reaching $82 million, according to its latest earnings release. The surge was largely fueled by a near-fourfold increase in commodities trading volumes, which accounted for 60% of the company’s trading commissions during the period.
Adjusted EBITDA also climbed 35% to $109 million, up from $80 million in Q1 2025. Net contribution grew 19% to $258 million. Funded accounts rose 12% to 4.02 million, while assets under administration increased 15% to $17 billion. As of March 31, the company held $1.3 billion in cash and short-term investments.
EToro’s recent strategic moves included expanding its equities offerings by adding Japanese stocks, now covering 26 exchanges globally. The platform also launched crypto trading services in New York following the activation of its long-awaited BitLicense.
Crypto Trading Volumes Slide
While commodities trading soared, crypto trading volumes took a hit. EToro reported a 32% year-over-year decline in crypto trade volumes to 2 million in Q1. The average invested amount per trade also dropped 22% to $207. This reflects broader trends in the crypto market, where trading volumes and overall market cap have seen significant declines in recent months.
Despite the downturn in crypto, EToro deepened its focus on innovation by launching AI-powered investing features, such as its “Agent Portfolios” and Tori, its AI investing assistant powered by Grok 4.2. Additionally, the firm closed its acquisition of Zengo, a self-custodial crypto wallet provider, on April 30. CEO Yoni Assia emphasized this acquisition as a step toward integrating traditional finance with blockchain-based infrastructure.
April Data and Forward Momentum
April data shows EToro’s assets under administration climbed further to $18.7 billion, marking a 19% year-over-year increase. Total money transfers for the month surged 53% to $1.4 billion, underscoring continued user engagement despite challenges in the crypto segment.
In comparison to EToro’s mixed performance, other major players like Coinbase have faced steeper challenges. Coinbase posted a $394.1 million net loss for Q1, as crypto transaction revenues slumped 40% year-over-year. These numbers highlight the growing divergence in performance between firms heavily reliant on crypto trading and those diversifying into other asset classes.
EToro’s focus on commodities and innovative products appears to be a winning strategy for now, but crypto remains an area to watch as markets evolve. Traders will be keen to see if the firm’s efforts to connect traditional and digital finance yield results in the coming quarters.
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