Plus500 reaffirmed on 2 October 2026 that trading remained in line with current market expectations for the full year, while maintaining the strong cash position described in August. The company said its full third-quarter trading update would follow later in October.[2]
The notice covers the quarter and nine months ended 30 September. Its outlook confirmation leaves the August first-half results as the detailed numerical context for the later-October trading update.[2]
The financial position entering the third quarter
H1 2026 context published on 10 August
| Measure | Reported figure |
|---|---|
| Revenue | US$462.9 million; H1 2025: US$415.1 million.Source 1 |
| EBITDA | US$187.5 million; H1 2025: US$185.1 million.Source 1 |
| EBITDA margin | 41%; H1 2025: 45%.Source 1 |
| Cash and cash equivalents at 30 June | US$861.3 million.Source 1 |
| Full-year consensus cited in August | Revenue US$811.5 million; EBITDA US$365.1 million.Source 1 |
The company attributed the gap between 12% revenue growth and 1% EBITDA growth to higher customer-acquisition spending, scaling costs in its US activities and an exchange-rate headwind from a stronger Israeli shekel.[1]
Using the published amounts, revenue grew 11.5% and EBITDA 1.3%. EBITDA divided by revenue yields 40.5% for H1 2026 and 44.6% for H1 2025, a 4.1-percentage-point margin decline. Costs therefore absorbed most of the additional revenue, although the release does not allocate the change among its cited drivers.[1]
In August the board also announced US$182.5 million of shareholder returns: US$100 million of buybacks and US$82.5 million of dividends. These were announced capital distributions, alongside the group’s investment programme.[1]
What the detailed update needs to resolve
The detailed Q3 update will show whether revenue is converting into earnings as acquisition spending and US scaling costs develop. The August consensus remains the dated numerical benchmark: the 2 October notice supplied neither new quarterly totals nor an updated numerical consensus.[2][1]
Sources & further reading
- Plus500 H1 2026 interim results: issuer RNS 8914P Plus500 Ltd via RNS · 10 Aug 2026 · Accessed 9 Oct 2026
- Plus500 Q3 2026 update: issuer RNS 4243X Plus500 Ltd via RNS · 2 Oct 2026 · Accessed 15 Oct 2026