eToro Posts Strong Results as Commodities Surge and Funded Accounts Top 4 Million | LeapRate

eToro has reported its strongest quarterly financial results since listing on the Nasdaq, with net income rising 37% year-on-year to $82 million in the first quarter of 2026, driven largely by a surge in commodities trading activity.

Net contribution grew 19% to $258 million, whilst adjusted EBITDA increased 35% to $109 million compared with the same period in 2025. 

Assets under administration reached $17 billion, up 15% year-on-year, and funded accounts grew 12% to 4.02 million, supported by increased investment in user acquisition and retention.

Commodities trading proved a standout driver of performance, accounting for approximately 60% of trading commissions in the quarter, with volumes growing nearly fourfold year-on-year. 

The company also expanded its trading offering with the launch of 24/7 access to select commodities, equities, and indices, and added Japanese equities to bring the total number of exchanges available to users to 26. Crypto trading was introduced in New York following activation of the firm’s BitLicense.

Product development accelerated across eToro’s four business pillars. New launches included the eToro App Store, AI-powered Agent Portfolios, and an expanded partnership with xAI embedding real-time market sentiment via Grok 4.2 into Tori, eToro’s AI agent. The European rollout of the eToro Money card saw the number of new cards issued increase 2.2 times quarter-on-quarter.

Following the quarter’s end, eToro completed the acquisition of Zengo, a self-custodial crypto wallet provider, which the company said meaningfully advances its strategy of bridging traditional finance with on-chain infrastructure and the broader crypto ecosystem.