Plus500 Shares Rally After Fintech Firm Boosts Full-Year Outlook

Shares of Plus500 (LSE:PLUS) surged after the global multi-asset fintech group upgraded its full-year forecast, citing strong operational momentum and robust third-quarter financial results. The company announced that it now expects 2026 revenue and underlying earnings to be ahead of current market expectations.

Strong Q3 Performance

In a Q3 trading update, Plus500 reported an 11% increase in revenue to $203 million for the three months ending September 30. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 7% to $88 million, resulting in a healthy EBITDA margin of 44%.

The growth was supported by solid customer metrics and improved marketing efficiency. Key operational highlights for the quarter include:

• New Customers: Increased by 27% to 28,747.
• Active Customers: Rose 4% to 119,528.
• Average Revenue Per User (ARPU): Climbed 7% to $1,700.
• Average Customer Acquisition Cost (CAC): Fell 14% to $1,150.

Strategic Initiatives and Shareholder Returns

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Plus500 is also advancing its strategic expansion into new markets and product lines. The company highlighted new B2B partnerships with Wealthsimple and Nelogica, as well as the introduction of CFTC-regulated prediction market contracts in the U.S. and single stock futures. Acquisitions of broker-dealers Hedge and Guru are set to support its expansion in the U.S. and Brazil, with a new U.S. multi-asset trading app planned for launch in the first quarter of 2027.

The company's financial position remains strong, ending the quarter with over $775 million in cash and no debt. During the period, Plus500 returned significant capital to shareholders, paying $87 million in dividends and completing approximately $64 million in share buybacks.

Market Reaction

In response to the upbeat report, Plus500's stock gained 4.6% to trade at 3,442.67 pence. The move stood in contrast to the broader London market, where the FTSE 250 index, of which Plus500 is a member, was trading lower. This indicates that the rally was driven specifically by the company's positive financial update and improved outlook, giving investors confidence in its growth trajectory.