Plus500 First Half 2024 Earnings: EPS: US$1.90 (vs US$1.61 in 1H 2023)

Plus500 (LON:PLUS) First Half 2024 Results

Key Financial Results

• Revenue: US$396.2m (up 8.7% from 1H 2023).
• Net income: US$148.8m (up 1.6% from 1H 2023).
• Profit margin: 38% (down from 40% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: US$1.90 (up from US$1.61 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Plus500 Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.5% growth forecast for the Capital Markets industry in the United Kingdom.

Performance of the British Capital Markets industry.

The company's shares are up 6.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Plus500 (1 makes us a bit uncomfortable!) that you need to take into consideration.

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