BTC$72,877
ETH$2,018
BNB$671.55
XRP$1.04
SOL$81.94
TRX$0.3181
HYPE$71.05
ZEC$1,018
DOGE$0.0672
XMR$556.31eToro Q3 Net Income Falls 74% to $15M
eToro's Q3 net income fell 74% to $15M, and October crypto trades dropped 62% year on year, while funded accounts grew 18% to 4.39 million.
Brokerage eToro reported third-quarter 2026 results on November 10: net income fell 74% to $15M, from $57M a year earlier. The company ties the decline to weaker crypto trading activity.
Details
According to eToro's press release, net contribution declined 13% to $186M, adjusted EBITDA dropped 56% to $34M, and adjusted net income fell 60% to $24M. Cash and equivalents stood at about $1.2B.
The user base keeps growing: funded accounts rose 18% year on year to 4.39 million, while assets under administration were flat at $20.8B. October was weaker: crypto trades fell 62% from October 2025, capital-markets trades were down 22%, and money transfers were down 21%.
eToro announced a $250M share repurchase program and an agreement to acquire Argentine fintech LB Finanzas. The Block reports the same figures, including the 74% profit decline.
What it means for the market
eToro's report points to subdued retail appetite for crypto: more accounts, but far fewer trades. Earlier Q3 reports from platforms such as Robinhood showed a similar picture. For the live bitcoin price, see the daily brief.
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