Retail FX and CFD broker Plus500 Ltd (LON:PLUS) today provided a trading update for the three month period ending 30 September 2025.
Revenue for Q3 2025 was $182.7 million (Q3 2024: $187.3 million), comprising trading income of $161.6 million (Q3 2024: $173.2 million) and interest income of $21.1 million (Q3 2024: $14.1 million) at financial market lows during of the global period.
Customer revenue, a key measure of the Group’s underlying performance, was $165.2 million in Q3 2025 (Q3 2024: $166.3 million).
Customer Transaction Performance was ($3.6M) in Q3 2025 (Q3 2024: $6.9M). The Group expects the contribution from Customer Transaction Performance to be generally neutral over time.
EBITDA was $82.7 million in Q3 2025, which equated to an EBITDA margin of 45% (Q3 2024: $82.2 million and 44%, respectively). For the nine-month period ended September 30, 2025, revenue was $597.8 million (YTD 2024: $585.5 million), EBITDA was $267.8 million and EBITDA margin was 45% (YTD 2024: $266.1 million and 45%, respectively).
Total customer transactions were 14.9 million during Q3 2025 (Q3 2024: 14.5 million) and total customer transactions for the nine months ended September 30, 2025 were 50.4 million (YTD 2024: 41.0 million), representing an increase of approximately 23% year-over-year.
The Group had 22,644 New Customers during Q3 2025 (Q3 2024: 24,922) and new customers for the nine-month period ended 30 September 2025 were 78,809 (YTD 2024: 81,681).
The number of Active customers during Q3 2025 was 115,327 (Q3 2024: 120,968) and Active customers for the nine-month period ended 30 September 2025 was 209,842 (YTD 2024: 210,565).
The Group remained debt-free and maintained its strong financial position during the period, with cash balances in excess of $815 million as at 30 September 2025 (31 December 2024: $890.0 million).
During the third quarter of 2025, the Company repurchased a total of 1,508,613 shares, at an average price of £31.87, for a total price of $65 million. As of September 30, 2025, the remaining number of common shares outstanding was 70,133,617. Common shares repurchased by the Company under its repurchase programs are held in treasury, are not entitled to dividends and do not have voting rights.
The Group’s 2025 revenues and EBITDA are expected to be in line with current market expectations.