Etoro Group Ltd. · NASDAQ:ETOR
Etoro — Q2 2026 Earnings Presentation
49 slides from Etoro's earnings presentation, 2026
Slide 1: Slide 1
Slide 2: Shareholders Update. Second Quarter 2026.
etoro Group Ltd. Shareholders Update. Second Quarter 2026.
Slide 3: Disclaimers
<etoro> Disclaimers. This Presentation Relates to etoro’s Broader Earnings Announcement This presentation accompanies the second quarter 2026 earnings announcement press release. A hypertink to our press release is avaliable on the investor relations website at investors.etoro.com. References to “to
Slide 4: Our vision. Our mission.
<etoro> eo e e e Our vision. Our mission. A world where everyone can trade and To open the global markets and give invest in a simple and transparent way. everyone the collective intelligence to invest with knowledge and conviction.
Slide 5: Business highlights. Q2 2026
<etoro> Q2 2026 Business highlights. Q2 2026 demonstrated the strength of our diversified platform. A BK YOY A WK YOY A 9%YOY P FKYOY 4.28M 19.2B 229M 78M Funded Accounts Assets Under Administration Net Contribution Adjusted EBITDA Funded Accounts in: @ Europe and U.K. 72% @ Americas 10% @ Asia Paci
Slide 6: Four pillars. One platform.
<etoro> Four pillars. One platform. Delivering on multi-year strategic plan to drive global expansion, product localization and establish etoro as a financial superapp. Share of Users’ Wallet <_ ? © Trading Investing Wealth Management Neo-banking Redefine trading with Al- Provide a localized, always
Slide 7: Built for every market environment.
<etoro> Built for every market environment. As users shift between asset classes, our diversified platform keeps them engaged across market cycles. @ Equities @ Currencies @ Commodities @ Cryptoassets 60%+ of users who traded commodities in Q4'25-Q1'26 traded equities in Q2'26. And ~9 in 10 of them
Slide 8: Building the AI foundation for every investor.
<etoro> Building the Al foundation for every investor. Autonomous execution User experience Open ecosystem Agent Portfolios & Wallets Tori App Store Cie eed by Al. (social I ) } Alpha Portfolios )
Slide 9: Product.
Product.
Slide 10: Product Update.
<etoro> Product Update. This quarter we significantly expanded our platform capab INVESTING New etoro app, run by Tori 4a A\-first app with Tori as its OS providing proactive insights and one-tap actions. INVESTING App Store: 75+ apps live 75+ apps live and hundreds more coming x with users building
Slide 11: The new etoro app. Built for intelligent investing.
<etoro> The new etoro app. Built for intelligent investing. Combining the power of our investing community with Al to help every investor make better decisions. Modular & personal The app reshapes around each investor. Toriis the OS The app is run by an agent that knows your portfolio B co00 and can
Slide 12: etoro App Store: A growing ecosystem built for innovation.
<etoro> etoro App Store: A growing ecosystem built for innovation. 75+ apps live and hundreds more on the way. growth in users trading A 5 70% through the API during Q2 New API users aren't just reading - data, they're placing trades. APR MAY —-JUN 49 () 4 1 ore og PS, Cnn, "in Vag Ss Cage "Alp, 8 (
Slide 13: Supporting every investment objective.
<etoro> Supporting every investment objective. Dedicated sub-accounts enable users to manage different goals, strategies and time horizons. = | \ Run by your rules Run by an agent Custodial accounts Rule-based and hands-free, An agent trades a sub-account on your behalf, Aparent-controlled first por
Slide 14: Built for pro traders
@ My Watchlist ~ = ®@ Fundamentals (NVDA) v = nes(s2) chat ce cmon Mec a zs 8a - Soo) ee gee Built for pro traders Bow gourss 140% oy, eo <etoro.edge> Rac) ss pels I ed Delivering a professional-grade experience for Oo era i = users with more advanced trading needs. Boo = 345.79 + 012% @ ca yaa 632m
Slide 15: Pro Investors. A unique competitive advantage.
<etoro> Pro Investors. A unique competitive advantage. Our leading investors are at the heart of the etoro community and are powering our builders' economy. a 713% +5,400 ~75% YoY growth of assets copied Pro Investors of apps in the etoro App Store through Pro Investors are built by our Pro Investor
Slide 16: Years of Smart Portfolios. Evolving with AI.
<etoro> 10 years of Smart Portfolios. Evolving with Al. For a decade, we've expanded our range of Smart Portfolios, helping more investors access diversified strategies, while continuously evolving to meet changing markets. +58) Srnart Portfolio assets YOY growth +22% Average 1Y outperformance +48%
Slide 17: Unlocking the trillion dollar savings market.
<etoro> Unlocking the trillion dollar savings market. Scaling tax-efficient, long-term savings products across the UK, Australia and France - with UK ISA assets up 15x. we Oe etoro UK Cash ISA A tax-free home for UK cash savings, opening the door to Britain’s largest pool of retail wealth. r Yo @ Sp
Slide 18: Finance is moving on-chain. We're the bridge.
<etoro> Finance is moving on-chain. We're the bridge. On-chain is going mainstream, and etoro is already there. Perpetuals, prediction markets and self-custody, live on-chain today through Zengo. ~10,000 on-chain assets eToro accounts, balances A deep universe for on-chain trading. and self-custody-
Slide 19: M&A.
<etoro> M&A.
Slide 20: etoro agrees to acquire TradeZero.
<etoro> etoro agrees to acquire {j TradeZero. Expanding our U.S. retail presence with a leading active-trader brokerage. TradeZero is a U.S. broker dealer serving active clients. Its differentiated technology and broker-dealer infrastructure broaden our offering and accelerate innovation, while its
Slide 21: Building a stronger platform with greater scale.
<etoro> Building a stronger platform with greater scale. Two complementary, innovation-led platforms, U.S. market scale Accelerates our U.S. product roadmap while onboarding a deeply experienced leadership team. Active-trader expansion Expands our active-trader platform tools, execution technology,
Slide 22: KPIs & Financials.
KPlis & Financials.
Slide 23: Funded Accounts.
<etoro> Funded Accounts. Strong user growth driven by organic momentum and accretive acquisitions. +18% YoY 4.28 ry 3.81 3.73 3.63 3.48 3.58 | . . . Q2 Q3 Q4 Qi Q2 Q3 Q4 Qi Q2 2024 2024 2024 (2025 2025 2025 2025 2026 2026 @ Funded Accounts (M) In. @2.2026, 110,000 new funded accounts were contribute
Slide 24: AUA breakdown.
<etoro> AUA breakdown. AUA increased 10% YoY in Q2-26, driven by increased deposits and rising equity asset pricing. 20.8 17.5 @ Cryptoassets 16.6 @ Equities @ Cash All figures ($B) = N o June 30, September 30, December 31, March 31, June 30, September 30, December31, March 31, une 30, 2024 2024 202
Slide 25: Built for every market environment.
<etoro> Built for every market environment. As market dynamics change, commission from trading activity has shifted across asset classes, demonstrating the strength of our multi-asset model. @ Equities © Currencies © Commodities © Cryptoassets Q2 Q4 Q Q3 1 Q3 Q4 Q1 Q2 2024 2024 2024 2025 2025 2025 2
Slide 26: Net Contribution breakdown.
<etoro> Net Contribution breakdown. Net Trading Contribution in capital markets up 25% Yoy, driven by the strength of our diversified multi assets business model. 258 252 229 217 210 @ Net Trading Contribution (Cryptoassets) @ Net Trading Contribution (Equities, Commodities, Currencies) @ Net Intere
Slide 27: Total Trades.
<etoro> Total Trades. Strong user engagement continued to drive capital markets activity, with crypto-first users increasingly becoming multi-asset investors. SS @ Cryptoassets @ Capital Markets ] All figures (M) Q3 Qi Q2 Q2 Q4 Qi Q2 Q3 Q4 2024 2024 2024 2025 2025 2025 2025 2026 2026 ECC = Equities,
Slide 28: Total Invested Amount.
<etoro> Total Invested Amount. Maintained strong invested amounts, with activity accelerating as copy and automated trading scale. — $50 "eyes @ Capital Markets $42 a nin ean a ae ; All figures (M) $32 $34 4 ll : ‘ Q4 Q Q2 2604 2634 2024 2035 2605 2055 2025 2026 2026 ECC = Equities, Commodities, Cur
Slide 29: Trading Activity.
<etoro> Trading Activity. Multi-asset rotation in action where our users move between asset classes as markets shift, deepening platform engagement through every cycle. Q2 Number of Trades (M} (™) 2024 Number of trades (Capital 135 markets/ECC*) Invested amount per trade $219 (Capital markets/ECC*)
Slide 30: Interest Earnings Assets.
<etoro> Interest Earnings Assets. Interest-earning assets rose 12% YoY in Q2-26, driven by a higher-margin book and corporate cash balance. 79 81 7.2 6.2 64 63 | q] Q2 Q3 Q4 Qi Q2 Q3 Q4 Qi 2024 2024 (2024 2025 2025 (2025 2025 2026 For definition, see Glossary slide. Numbers may not sum up due to rou
Slide 31: Total Money Transfers.
<etoro> Total Money Transfers. Total money transfers grew 92% YoY in Q2-26, driven by driven by expansion of etoro money products. @ Total Money Transfers ($B) 4.6 4.6 For definition, see Giossary slide. Numbers may not sum up due to rounding; percentage changes based on unrounded data.
Slide 32: Net Income.
<etoro> Net Income. Sustained profitability supports continued investment in growth, innovation and Al. 82 () 59 «60 57 53 39 - = = Q2 Q3 Q4 Qi Q2 Q3 Q4 Qi Q2 Netincome for Q2.2025 includes expenses of $8.4 milion related to the Company's initial public offering (IPO). For definition, see Giossary s
Slide 33: Adjusted EBITDA.
<etoro> Adjusted EBITDA. Adjusted EBITDA increased 9% YoY, reflecting continued business momentum. 108 109 87 80 78 78 72 oe ; : - Q2 Q3 Q4 Qi Q2 Q3 Q4 Qi Q2 (2024 (2024 (2024 (2025 (2025 (2025 (2025 2026 2026 For definition, see Giossary side. Numbers may not sum up due to rounding; percentage chan
Slide 34: Net Contribution.
<etoro> Net Contribution. USS. dollars in thousands (unaudited) Net trading income from equities, commodities and currencies Revenue from cryptoassets Net trading income (loss) from cryptoassets derivatives Net interest income from users Currency conversion and other income Other interest income Tot
Slide 35: Net Contribution to Adjusted EBITDA.
<etoro> Net Contribution to Adjusted EBITDA. U.S. dollars in thousands Three months ended June 30, 2026 2025 Net Contribution 229,398 209,629 Research & Development (33,264) (36,200) Selling & Marketing (67,512) (50,612) G&A and Operations (50,500) (50,870) Adjusted OpEx (151,276) (137,682) Adjusted
Slide 36: Net Income to Adjusted EBITDA (Non-GAAP).
<etoro> Net Income to Adjusted EBITDA (Non-GAAP). USS. dollars in thousands (Unaudited) Net income Finance expense, net Taxes on income Share-base payment expense Depreciation, amortization, and impairment Employee non-cash expense Transaction related cost Other expenses (income), net Adjusted EBITD
Slide 37: Adjusted Diluted EPS (Non-GAAP).
<etoro> Adjusted Diluted EPS (Non-GAAP). US. dollars in thousands, except for share amounts (Unaudited) Net Income Share based compensation and ESPP Amortization of intangible assets Employee non-cash expense (5 years) Transaction related cost Other expenses (income), net Adjusted Net Income Before
Slide 38: Statement of Financial Position.
<etoro> Statement of Financial Position. US. dollars in thousands As of June 30, 2026 Cash and cash equivalents Restricted cash Short-term investment Counterparties Cryptoassets Receivable from omnibus accounts Other receivables and prepaid expenses Current Assets Restricted cash Right of use assets
Slide 39: Monthly Metrics. July 2026
July 2026 Monthly Metrics.
Slide 40: Business highlights. Trading activity.
<etoro> Business highlights. 2026 Funded Accounts (M) 4.32 Assets Under Administration ($B) 18.5 Interest Earning Assets ($B) 68 Total Money 14 Transfers (SB) For definitions, see Glossary side. Numbers may not sum up due to rounding; percentage changes based on unrounded data, July 31, 2025 3.65 19
Slide 41: Appendix.
Appendix.
Slide 42: Consolidated Statements of Profit or Loss and Other Comprehensive Income
<etoro> Consolidated Statements of Profit or Loss and Other Comprehensive Income. USS. dollars in thousands (unaudited) Revenue and income: Net trading income from equities, commodities and currencies Revenue from cryptoassets Net trading income (loss) from cryptoassets derivatives Net interest inco
Slide 43: Consolidated Statements of Profit or Loss and Other Comprehensive Income (Cont.)
<etoro> Consolidated Statements of Profit or Loss and Other Comprehensive Income (Cont.). USS. dollars in thousands, except for share amounts (unaudited) Other comprehensive income (loss), net: Items that may be reclassified subsequently to profit or loss: Cash flow hedges, net of tax Other comprehe
Slide 44: Consolidated Statements of Cash Flows
<etoro> Consolidated Statements of Cash Flows. U.S. dollars in thousands (unaudited) Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by (used in) operating activities: Adjustments to profit or loss items: Depreciation, amortization and impair
Slide 45: Consolidated Statements of Cash Flows (Cont.)
<etoro> Consolidated Statements of Cash Flows (Cont.). U.S. dollars in thousands (unaudited) Cash flows from investing activities: Purchase of intangible assets Increase of Short term deposits Decrease of Short term deposits Increase of long-term investments Purchase of property and equipment Busine
Slide 46: Adjusted Operating Expenses (OpEx) (Non-GAAP) Reconciliation
<etoro> Adjusted Operating Expenses (OpEx) (Non-GAAP) Reconciliation. U.S. dollars in thousands (unaudited) Research & Development Share-based payment expense Depreciation and amortization Employee non-cash expense Adjusted Research & Development Selling & Marketing Share-based payment expense Depre
Slide 47: Glossary (A-Z)
<etoro> Glossary (A-Z). Adjusted EBITDA: Adjusted EBITDA is a non-GAAP financial metric that we define as net income (loss) adjusted to exclude finance and other expenses, net, taxes on income, share-based payrnent expense, depreciation and amortization, employee non-cash expense, one-time transacti
Slide 48: Glossary (A-Z)
<etoro> Glossary (A-Z). Net Contribution ‘Net Contribution reflects Total revenue and income, less the Cost of revenue from cryptoassets and Margin interest expense. We use Net Contribution to evaluate the net contributions of our users’ activity on our platform before considering the overhead costs
Slide 49: Investor Contacts.
Investor Contacts. investors@etoro.com