Plus500 Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Plus500 (LON:PLUS) Full Year 2023 Results

Key Financial Results

• Revenue: US$719.1m (down 12% from FY 2022).
• Net income: US$271.4m (down 27% from FY 2022).
• Profit margin: 38% (down from 45% in FY 2022).
• EPS: US$3.17 (down from US$3.81 in FY 2022).

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

Plus500 EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) exceeded analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 10.0% decline forecast for the Diversified Financial industry in the United Kingdom.

Performance of the British Diversified Financial industry.

The company's shares are up 3.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Plus500 (1 is potentially serious!) that we have uncovered.

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