Plus500 reports strong 2024 financial performance
Plus500 posts strong revenue growth in FY 2024
Plus500, a leading global multi-asset fintech group, has reported strong financial results for the fiscal year ending December 31, 2024.
The company's preliminary unaudited results indicate significant revenue growth, increased profitability, and expanding market presence.
Financial performance highlights
Plus500 achieved total revenue of $768.3 million in FY 2024, representing a 6% increase from $726.2 million in FY 2023. This growth was fueled by a rise in trading income to $711.6 million and interest income climbing 9% year-over-year to $56.7 million.
Key financial metrics include:
EBITDA: $342.3 million (+1% YoY)
EBITDA margin: 45% (compared to 47% in FY 2023)
Basic Earnings Per Share (EPS): $3.57 (+13% YoY)
Cash balance: $890 million (as of December 31, 2024)
Shareholder returns: $200 million, including $110 million in share buybacks and $90 million in dividends
Plus500 has now returned $2.5 billion to shareholders since its IPO in 2013, solidifying its reputation as a financially strong and shareholder-friendly company.
Expansion into new markets and strategic growth
As part of its long-term growth strategy, Plus500 expanded its global footprint in 2024, securing new regulatory approvals in Japan and the UAE. The Japanese market launch in January introduced multi-asset OTC trading, while a new regulatory license from the UAE’s Securities and Commodities Authority (SCA) allows Plus500 to enhance its presence in the Middle East.
Additionally, Plus500 strengthened its U.S. futures market business, onboarding a record number of new customers and launching the Plus500 Cosmos platform for institutional traders. The company also obtained clearing membership with ICE Clear US, a subsidiary of Intercontinental Exchange (ICE), further boosting its derivatives trading capabilities.
Customer growth and retention
Plus500 saw significant customer acquisition growth, with:
New customers: 118,010 (+30% YoY)
Active customers: 254,138 (+9% YoY)
Average deposit per active customer: $12,000 (+17% YoY)
Total customer deposits: $3 billion (a record high for the company)
Retention rates remained strong, with 67% of OTC revenue generated by customers who have traded with Plus500 for over three years.
Future outlook and market positioning
In January 2025, Plus500 was included in the STOXX Europe 600 Index, reflecting its strong market position and track record of financial performance. The company continues to focus on technological innovation, regulatory expansion, and shareholder value creation, ensuring long-term sustainability and profitability.
With a strong balance sheet, zero debt, and increasing customer engagement, Plus500 is well-positioned to capitalize on global financial market trends in 2025 and beyond.
