eToro reports strong Q2 2026 earnings, announces $231M TradeZero acquisition to fuel US expansion

eToro Group posted a standout second quarter on August 11, with GAAP net income climbing 77% to $53 million. The company simultaneously announced it’s acquiring TradeZero, a US-focused online brokerage catering to active traders, for up to $231 million in cash and stock. The dual announcement paints a picture of a company leaning hard into its US ambitions while quietly pivoting away from the crypto revenues that once defined its growth story. Revenue from crypto assets fell roughly 30% year-over-year during the quarter, a decline significant enough to weigh on overall top-line results despite strength elsewhere. The numbers behind the quarter Net contributions, a key metric for measuring new money flowing onto the platform, rose 9% year-over-year to $229 million. Adjusted net income came in at $63 million, up 17%, while adjusted EBITDA grew 9% to $78 million. The user base kept expanding. Funded accounts reached 4.28 million, an 18% increase year-over-year. Assets under administration climbed to $19.2 billion, marking a 10% gain over the same period last year. Why TradeZero, and why now TradeZero is not a household name, but its financials suggest a solid operation. The brokerage ...