eToro Net Income Falls to $15M in Q3 as Crypto Trades Drop 62% in October

eToro reported third-quarter 2026 GAAP net income of $15.0 million, down 74% from $56.8 million a year earlier, according to its November 10 earnings release. Net contribution fell 13% to $186 million from $215 million, which the company attributed mainly to lower crypto trading activity. Adjusted EBITDA dropped 56% to $34.2 million, and diluted earnings per share were $0.14 versus $0.53.

The release showed revenue from cryptoassets of $1,348.4 million against $3,966.5 million a year earlier, with the related cost of revenue at $1,289.2 million versus $3,889.1 million. Net trading loss from crypto derivatives widened to $30.9 million from $18.4 million.

Activity slowed further in October, the company said. Crypto trades totaled 2.0 million, down 62% year over year, and the average invested amount per crypto trade was $228, down 29%. Total trades across asset classes were 48.2 million, down 22%. The Block reported these figures.

Funded accounts rose 18% to 4.39 million, while assets under administration were $20.8 billion, flat from a year earlier. The Block reported that the second quarter produced net income of $53 million on $229 million of net contribution. For the nine months, net income was $150.9 million versus $147.0 million.

The board authorized a share repurchase program of up to $250 million, subject to market conditions and liquidity needs. The Block did not report a share price reaction.

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Sources:

• The Block: eToro’s Q3 profit plunges 74% as weaker crypto trading weighs on earnings

• eToro: Reports Third Quarter 2026 Results