eToro Beats Q2 Estimates and Moves to Buy TradeZero

TL;DR

• eToro announced the acquisition of TradeZero for up to $231 million in cash and stock to accelerate its U.S. expansion.
• The platform reported revenues of $1.590 billion in Q2 2026, with net earnings of $53.4 million and $0.68 per adjusted share.
• Crypto asset revenues fell 30% year-over-year, but trading in stocks and commodities grew 24%.

eToro beat Wall Street estimates for the second quarter of 2026 and announced simultaneously the acquisition of TradeZero, an online brokerage firm focused on the U.S. market.

The platform reported total revenues of $1.590 billion and net earnings of $53.4 million, with an adjusted earnings per share of $0.68, above the $0.61 consensus estimate tracked by LSEG. The news, however, did not prevent ETOR shares from falling more than 5% in Tuesday’s premarket session on the Nasdaq.

We've entered into an agreement to acquire @tradezero, a US-focused online brokerage serving active traders.

This is an important step in building our US business. Welcome to the family, TradeZero!

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