Financial results
eToro’s $13.8 billion top line was 15.9 times its Net Contribution
FXBrokers.ai reconstructed eToro’s 2025 revenue bridge and found that 93.7% of the reported top line was reversed by cryptoasset cost and margin-interest expense before operating costs. The filing is internally consistent, but the gross presentation can radically distort comparisons with brokers that report principally on a net basis.