Plus500 Full Year 2024 Earnings: In Line With Expectations

Plus500 (LON:PLUS) Full Year 2024 Results

Key Financial Results

• Revenue: US$762.7m (up 6.1% from FY 2023).
• Net income: US$273.1m (flat on FY 2023).
• Profit margin: 36% (down from 38% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$3.57 (up from US$3.17 in FY 2023).

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

Plus500 Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

In the last 12 months, the only revenue segment was CFD Trading contributing US$762.7m. The largest operating expense was Sales & Marketing costs, amounting to US$329.0m (67% of total expenses). Explore how PLUS's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 1.0% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in the United Kingdom are expected to grow by 4.0%.

Performance of the British Capital Markets industry.

The company's shares are down 5.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Plus500 that you need to be mindful of.

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