eToro’s shares rise 14% following record profits in Q4, even with a decline in crypto revenue.

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The results were especially significant considering the challenges faced by competitors Robinhood and Coinbase.

Key points:

  • eToro shares surged by 14% following the announcement of better-than-anticipated fourth-quarter outcomes.
  • The trading platform, based in Israel, achieved a 10% increase in full-year revenue, reaching $868 million, with diminished crypto revenue counterbalanced by gains in equities and commodities trading.
  • Although eToro is experiencing a decline in crypto activity at the beginning of 2026, with January crypto trades dropping 50% year-over-year, its diversified asset portfolio and emphasis on a growing on-chain financial ecosystem are mitigating the downturn.

eToro (ETOR) shares increased by 14% on Tuesday after the company disclosed its most successful quarter of 2025, contrasting with a wider decline in that has impacted rivals such as Robinhood (HOOD) and Coinbase (COIN).

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The Israel-based trading platform for stocks and crypto recorded fourth-quarter revenue of $227 million, reflecting a 6% increase from the previous quarter, along with a record net profit of $69 million. The full-year revenue for 2025 climbed to $868 million, marking a 10% rise from $788 million in the preceding year, as reported in the company’s earnings statement.

This performance sharply contrasts with that of competing platforms. Both Robinhood and Coinbase reported fourth-quarter results that fell short of expectations, hindered by a decrease in trading activity as declined and volatility subsided.

Although eToro’s revenue from crypto assets fell to $3.59 billion in the fourth quarter, down from $5.8 billion during the same time last year, the company compensated for the loss with increased income from equities and commodities.

During a call with analysts, CEO Yoni Assia noted that some crypto-centric users have begun to explore commodities for the first time.

“I believe there is a certain convergence or shift from crypto, which is now exhibiting lower volatility, to gold, silver, and other commodities that are characterized by higher volatility,” Assia stated.

The platform currently provides access to over 100 crypto assets for U.S. users, but Assia highlighted the company’s broader strategy in an evolving market. “We are uniquely positioned as both a natively crypto company and a global equities trading platform,” he added in a statement.

He mentioned that eToro is preparing for a financial landscape that is increasingly on-chain and noted that the company’s extensive experience in crypto and tokenization places it in a favorable position to aid this transition.

Despite the strong performance in Q4, indications of declining activity have persisted into 2026. eToro reported that January trading volumes reached 4 million trades, representing a 50% year-over-year decrease for crypto. The average investment amount per trade also decreased, falling 34% to $182 compared to January 2025 levels.

Nevertheless, the company’s diversification across various asset classes seems to have softened the impact as the downturn in crypto extends into the new year.