TLDR
- eToro (ETOR) shares jumped 20.4% Tuesday to $33.07 after Q4 EPS of $0.71 beat the $0.60 estimate
- Q4 net income rose 16% year-over-year to $68.7 million; full-year Net Contribution reached $868 million
- Crypto revenue declined year-over-year but equities and commodities trading offset the drop
- Both Coinbase and Robinhood missed Q4 estimates in the same period, highlighting eToro’s outperformance
- January 2026 crypto trades fell 50% year-over-year, while total platform trades rose 55%
eToro closed up 20.4% at $33.07 on Tuesday after posting a record Q4 profit and beating analyst expectations on earnings per share.
Q4 net income came in at $68.7 million, up 16% from a year ago. EPS of $0.71 cleared the $0.60 consensus estimate by a comfortable margin.
The timing made the result stand out even more. Both Coinbase and Robinhood missed Q4 forecasts during the same period, weighed down by a slowdown in crypto trading activity late in the year.
For the full year 2025, eToro’s Net Contribution — its preferred non-GAAP metric — grew 10% to $868 million, up from $788 million in 2024.
Equities and Commodities Fill the Crypto Gap
Q4 crypto asset revenue came in at $3.59 billion on a gross basis, down from $5.8 billion in Q4 2024. The company offset that decline with stronger performance in equities and commodities.
CEO Yoni Assia told analysts that some crypto-focused users had begun trading commodities for the first time, pointing to a behavioral shift on the platform.
“There’s somewhat of a convergence or a shift from crypto, which now has lower volatility, to now basically gold, silver and other commodities that have higher volatility,” Assia said.
He also described the current environment as a turning point for financial services, citing artificial intelligence and blockchain infrastructure as forces reshaping how people invest and interact with markets.
eToro currently offers over 100 crypto assets to U.S. users and positions itself as both a crypto-native and global equities trading platform.
January 2026 Points to Continued Crypto Softness
Early 2026 data shows the crypto slowdown has carried into the new year. eToro reported 4 million crypto trades in January, down 50% from January 2025. The average amount invested per crypto trade dropped 34% to $182.
The broader platform picture looked healthier. Total trades across all asset classes in January rose 55% year-over-year to 74 million. The average investment per trade across the platform climbed 8% to $252.
The stock gave back a small amount in after-hours trading, easing from the $33.07 close to around $33.
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