eToro Posts 74% Drop in Q3 Net Income to $15 Million and Authorizes $250 Million Share Repurchase

eToro reported GAAP net income of $15 million for the third quarter, down 74% year-over-year, as crypto trading activity slowed, and its board authorized a $250 million share repurchase program. Crypto Briefing published the results on November 10. The Nasdaq-listed platform, which trades as ETOR, combines stock and crypto brokerage for retail investors.

eToro's Q3 Profit Drop and Buyback

Net contribution, eToro's main measure of revenue after certain costs, came in at $186 million, down 13% from $215 million in the same quarter last year. Funded accounts climbed 18% year-over-year to 4.39 million, and assets under administration stood at $20.8 billion. Net contribution from capital markets rose 21% year-over-year, partly offsetting the crypto slowdown.

CFO Meron Shani pointed to a sequential recovery in crypto trading activity, a quarter-over-quarter comparison rather than a year-over-year one. Shani also said capital markets growth helped cushion the crypto decline. CEO Yoni Assia emphasized the launch of a new AI-driven eToro app as part of the company's push on user experience.

On November 4, eToro announced its acquisition of LB Finanzas, an Argentine fintech, as part of efforts to widen its market footprint and add to its service offerings. Stock Titan reported that the deal is eToro's fourth acquisition in 2026, following Zengo, Bit2C and TradeZero, and that closing is subject to customary conditions.

eToro's Scale and Funding Records

According to akta.pro company records, eToro serves more than 40 million registered users across over 75 countries and reported 4.23 million funded accounts as of May 2026, up from 4.02 million in the first quarter, including 110,000 from the Zengo and Bit2C acquisitions. The same records show assets under administration of $20.1 billion in May 2026, up 18% year-over-year, and total funding of $1.2 billion, including a $250 million post-IPO debt round in July 2025.

eToro's Deals and Launches Before Q3

On October 19, eToro launched eToro Edge, a professional intelligent terminal for active desktop trading that integrates charts, watchlists, screeners, news, portfolio and order tickets onto a single canvas, according to Fxnewsgroup. On October 9, the company launched connectors for Claude, ChatGPT, Grok and Grok Bot, built on the Model Context Protocol, to bring portfolio data into AI assistants without API keys, Fxnewsgroup reported. On November 2, Seeking Alpha noted that eToro's second-quarter net trading contribution rose 25% to $142 million and funded accounts grew 18% to 4.28 million.

eToro's LB Finanzas Closing Conditions

The LB Finanzas acquisition remains subject to customary closing conditions, Stock Titan reported. eToro's acquisition of TradeZero for up to $231 million is expected to close in the first half of 2027, according to Insider Trading & Hedge Fund Data.