Online trading platform eToro exceeded Wall Street’s profit projections for the first quarter on Tuesday, powered by an impressive boost in commodities trading volume.
The retail trading company’s stock jumped 6.5% in premarket activity, adding to a 10% gain for the year through Monday’s close.
Financial markets experienced significant turbulence during the opening three months of 2026, as rising Middle East conflicts fueled inflation worries and spooked investors, creating volatility throughout various investment categories.
Uncertain market conditions typically generate increased revenue for trading platforms as investors actively adjust their holdings to protect against potential losses.
The platform’s net trading revenue from stocks, commodities and foreign exchange jumped 71% to reach $166 million during the first quarter compared to the same period last year.
Commodities trading represented approximately 60% of the company’s trading fees during the three-month period ending March 31, with trading volumes increasing nearly four times compared to the previous year.
The company also expanded its services by launching around-the-clock trading for commodities, stocks and market indices during the quarter.
CEO Yoni Assia stated: “Looking ahead, we continue to enhance our global product offering, deepen our investment in on-chain technologies, and grow our suite of AI-driven tools, which we believe will fundamentally reshape how retail investors engage with the markets and unlock new opportunities for growth.”
eToro reported adjusted quarterly earnings of $86 million, equivalent to 91 cents per share, compared to $67 million or 77 cents per share during the same quarter last year. Financial analysts had projected earnings of 73 cents per share, based on data from LSEG.
In the previous month, eToro acquired cryptocurrency wallet company Zengo, expanding its digital currency services.
