The trading and investment platform eToro (NASDAQ: ETOR) announced its third quarter 2026 financial report on November 10. The net profit for the quarter was approximately US$15 million, a year-on-year decrease of 74%; the net contribution (Net Contribution) was US$186 million, a year-on-year decrease of 13%. The company said the decline in net contributions was mainly affected by reduced cryptocurrency trading activity, while announcing that its board of directors has authorized a share repurchase program of up to $250 million.
Net profit shrank, but deposit accounts still grew to 4.39 million
according to eToro official financial report, in the third quarter ended September 30, adjusted net profit was US$24 million, a decrease of 60% annually; adjusted EBITDA was US$34 million, a decrease of 56% annually. Both adjusted numbers are non-GAAP measures.
"Net contribution" is not total revenue, but an indicator used by eToro to measure the platform's business performance after deducting the total revenue and income from crypto-asset revenue costs and financing interest expenses. The company pointed out that the net contribution of the capital markets business increased by 21% year-on-year, and crypto trading activity rebounded from the previous quarter, but the overall net contribution was still lower than the same period last year.
Users continued to grow. In the third quarter, the number of funded accounts (Funded Accounts) that met the company's definition reached 4.39 million, an annual increase of 18%; the platform's assets under administration (AUA) were US$20.8 billion, the same as the same period last year. This account number indicator covers accounts that have completed verification, deposited funds, traded at least once, and still have a positive balance. It is not equal to the number of active traders in the current quarter.
Crypto transactions dropped 62% in October, with buyback authorization capped at $250 million
eToro also announced operating data for October after the end of the third quarter: a total of 2 million crypto-asset transactions, a year-on-year decrease of 62%; the average investment amount per transaction was US$228, a year-on-year decrease of 29%. These figures reflect performance for the single month of October, not the third quarter total.
The board of directors' newly authorized stock repurchase limit is capped at US$250 million, which can be implemented through the open market, private negotiations, etc. The actual time, quantity and amount will depend on the stock price, market environment, liquidity needs and other conditions. Authorization does not mean that the company has completed the repurchase of the same amount.
AI agent trading becomes the focus of product layout
In terms of products, eToro said that the number of users participating in API and AI agent transactions increased by 250% compared with the previous quarter, and it has added new tools to connect Claude, ChatGPT and Grok, allowing users to connect their AI agents to the platform. The company also continues to advance Agent Portfolios, which allows AI agents to connect sub-accounts within a portfolio.
Further reading:What is Claude? 2026 Free use, price plan and registration tutorial
eToro points out that the availability of products and features will vary by jurisdiction, and the actual scope of support must be confirmed according to local service regulations.
