How Futu Holdings ADR makes money

Period

FY2025

How does Futu Holdings ADR make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Futu Holdings Limited American Depositary Shares · FY2025 · year ended 2025-12-31

Revenue$2.9BGross profit$2.6B · 87%Cost of revenue$377M · 13%Operating income$1.8B · 62%Operating expenses$747M · 25%R&D$245M · 8%SG&A$248M · 8%Selling & marketing$254M · 9%Pre-tax income$1.8B · 60%Other expense$49M · 2%Net income$1.5B · 50%Income tax$303M · 10%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.