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Friday 6 November 2026
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eToro Group Ltd.
ETOR Financial Capital Markets
eToro Group Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $13.7 billion, up 9.32% from fiscal 2024.
- Revenue
- −23.9%
- EPS
- +71.1%
- Free cash flow
- −32.4%
- Total debt
- −37.5%
Quarter to June 2026, against a year earlier
22.76
0.96
−4.05%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 3,831 | 12,542 | 13,712 | 11,895 | +89.2% | 891 | 992 | 1,098 | (56.9%) | |
| Gross margin, % | — | — | — | — | — | — | — | 13.76 | 5.79 | 5.69 | 7.09 | (8.1) pt | ||||||
| EBT | — | — | — | — | — | — | — | 28 | 246 | 253 | 310 | +202.3% | ||||||
| EBT margin, % | — | — | — | — | — | — | — | 0.72 | 1.96 | 1.85 | 2.61 | +1.1 pt | ||||||
| Net income | — | — | — | — | — | — | — | 15 | 192 | 216 | 261 | +276.0% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 201.02 | 165.91 | 164.21 | 145.57 | (9.6%) | |||||
| Earnings | — | — | — | — | — | — | — | 0.80 | 2.54 | 2.58 | 3.08 | +79.5% | ||||||
| Cash flow | — | — | — | — | — | — | — | 5.87 | 3.55 | 3.81 | 3.80 | (19.4%) | ||||||
| Capex | — | — | — | — | — | — | — | (0.07) | (0.04) | (0.07) | (0.10) | (6.2%) | ||||||
| Free cash flow | — | — | — | — | — | — | — | 5.79 | 3.51 | 3.75 | 3.71 | (19.6%) | ||||||
| Book value | — | — | — | — | — | — | — | 31.35 | 11.01 | 16.70 | 16.69 | (27.0%) | ||||||
| Shares, m | — | — | — | — | — | — | — | 19 | 76 | 84 | 84 | +109.3% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 20.96 | 20.96 | 13.41 | 7.39 | 18.4 | |||||
| P/S | — | — | — | — | — | — | — | 0.30 | 0.30 | 0.21 | 0.16 | 0.3 | ||||||
| P/B | — | — | — | — | — | — | — | 7.91 | 7.91 | 2.10 | 1.36 | 6.0 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 0.25 | 0.25 | 0.12 | — | 0.2 | ||||||
| EV/FCF | — | — | — | — | — | — | — | 10.44 | 10.44 | 5.46 | — | 8.8 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | 112 | 269 | 318 | 311 | +68.7% | |||||
| Capex | — | — | — | — | — | — | — | (1) | (3) | (5) | (8) | +96.3% | ||||||
| Free cash flow | — | — | — | — | — | — | — | 110 | 266 | 313 | 303 | +68.3% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | 546 | 770 | 1,333 | 1,261 | +56.2% | |||||
| Net debt | — | — | — | — | — | — | — | (355) | (597) | (1,227) | (1,185) | +85.8% | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | 598 | 832 | 1,395 | 1,363 | +52.8% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | 19.32 | 14.46 | 14.65 | +14.5 pt | |||||
| ROIC | — | — | — | — | — | — | — | 8.16 | 66.50 | 98.87 | 111.10 | +90.7 pt | ||||||
| ROE | — | — | — | — | — | — | — | 0.00 | 60.51 | 23.57 | 19.50 | +23.6 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 1,501 | 1,520 | — | +1.3% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 8.36 | 9.02 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
eToro Group Ltd. vs peers in Capital Markets (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LCLN Lincoln International Inc. | $2.7B | — | — | — | — | — | 100.00% | (7.04%) | Compare |
| IOND Ionic Digital Inc. | $2.5B | — (loss-making) | — | — | n/m | — | 93.28% | (16.93%) | Compare |
| PURR Hyperliquid Strategies Inc | $2.4B | — (loss-making) | — (loss-making) | +6,940.21% (above 0%: growing) | n/m | −6,672.51% (below 0%: shrinking) | 100.00% | 7,380.58% | Compare |
| MARA Marathon Digital Holdings, Inc. | $2.3B | — (loss-making) | — (loss-making) | −26.67% (below 0%: shrinking) | n/m | +85.60% (above 0%: growing) | 17.19% | (297.96%) | Compare |
| ETOR eToro Group Ltd. | $1.8B | 7.4× | 10.1× | −23.93% (below 0%: shrinking) | +71.05% (above 0%: growing) | −32.39% (below 0%: shrinking) | 15.03% | 4.80% | |
| CLSK Cleanspark, Inc. | $1.5B | — (loss-making) | — (loss-making) | −30.53% (below 0%: shrinking) | n/m | +202.37% (above 0%: growing) | 38.06% | (168.40%) | Compare |
| TOP TOP Financial Group Limited | $1.5B | 301× | — | −57.15% (below 0%: shrinking) | −94.80% (below 0%: shrinking) | −218.07% (below 0%: shrinking) | 83.63% | 12.41% | Compare |
| SBET Sharplink Inc | $1.4B | — (loss-making) | — (loss-making) | +1,553.95% (above 0%: growing) | n/m | −339.59% (below 0%: shrinking) | 97.76% | (3,413.02%) | Compare |
| PWP Perella Weinberg Partners | $1.3B | 30.2× | — (loss-making) | +52.68% (above 0%: growing) | +144.44% (above 0%: growing) | +23.10% (above 0%: growing) | 30.37% | 13.90% | Compare |
| Median of peers | $1.9B | — | — | +13.01% | — | −97.48% | 88.46% | (11.99%) |