EToro: 3 Key Takeaways for Long-Term Investors
Key Points
Funded accounts rose 18% year over year to 4.39 million.
Management introduced a $250 million share repurchase program.
Equity assets under administration reached $11.5 billion.
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On its third-quarter 2026 earnings call, held on Nov. 10, 2026, EToro (NASDAQ:ETOR) reported an 18% year-over-year increase in funded accounts to 4.39 million. The expansion shows how the online trading platform continues to grow its user base despite market volatility across equities and crypto. Three things management said stand out.
1. AI Agents Will Soon Drive More Trades Than Human Clicks
Automated trading tools are rapidly transforming how retail investors manage portfolios on the platform. Management is embedding artificial intelligence directly into user workflows, enabling customers to execute transactions via automated software agents rather than manual clicks.
I believe by the end of next year, we're going to see more agentic trades happening on eToro than actual clicks in the platform.
-- Yoni Assia, CEO
2. Strategic Acquisitions Are Expanding Active Trading and Regional Footprints
Targeted buyouts enable the platform to gain rapid entry into new geographic markets and acquire complex product capabilities. Buying brokerages like TradeZero expands its reach into North American active trading, adding short-selling, options, and futures capabilities.
TradeZero is highly complementary to eToro. It strengthens our U.S. active trading capabilities, gives us entry into Canada and adds proprietary technology and infrastructure.
-- Yoni Assia, CEO
3. A $250 Million Share Buyback Signals Capital Discipline and Cash Generation
A new repurchase plan allows management to buy back $250 million of stock when leadership views market pricing as favorable. Steady cash flows give the platform room to return capital directly to shareholders while still funding expansion opportunities.
We believe our shares are undervalued and our profitable business model and strong cash generation provide the flexibility to repurchase shares while preserving the ability to pursue strategic opportunities.
-- Yoni Assia, CEO
Looking Ahead
Trading activity is picking up on higher volatility, and leadership isn't hiding its optimism about product momentum. Its multi-asset breadth, registered investment advisor license, and global regulatory footprint provide it with flexible revenue streams. Management is tracking pricing discipline and operational efficiency, expecting marketing expenses to taper off.
With the supportive macro trends, financial discipline and continued focus on innovation and execution, we're well positioned to drive long-term value.
-- Yoni Assia, CEO
Integrating recent buyouts positions the platform to expand digital banking services without physical branches and active trading across global markets.
To summarize, we are confident in our ability to capture new opportunities, create value through TradeZero and LB Finanzas' acquisitions and further strengthen eToro's leadership in global trading and investing.
-- Meron Shani, CFO
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