Plus500 confident in full-year outlook after better-than-expected Q1

(Sharecast News) - Plus500 said it remains confident in its outlook for FY26 following a better-than-expected performance in the first quarter.

The fintech group had already lifted its full-year profit outlook in April, saying it expected 2026 revenue and earnings before interest, tax, depreciation and amortisation to be ahead of market expectations of $779.3m and $360.4m respectively.

In a statement ahead of its annual general meeting on Tuesday, the company said it entered the year with strong momentum across both its OTC and non-OTC businesses.

"The group has continued to grow and diversify its global operations in recent years through an expanded product offering and broader geographic footprint, supported by its proprietary technology, highly cash generative earnings model and high-quality customer base," it said.

"This includes excellent progress in its non-OTC operations, including growth in its B2B futures and prediction markets ecosystems."

Plus500 said these initiatives have increased its addressable market, further diversified its operations and reinforced its position as a "global provider of leading, trusted market infrastructure".

The positive momentum continued throughout the first quarter and the company performed ahead of market expectations, driven by its "disciplined, technology-led customer acquisition" and heightened market volatility.

"The board remains confident in the group's outlook for FY 2026, underpinned by its strong financial position and clear strategic roadmap," it said.

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