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eToro Posts Strong Q1 as Commodities Trading Surges

A rotation from crypto into commodities lifted profits.

Overview

  • eToro reported strong first-quarter 2026 results, with net income of $82 million and about $1.3 billion in cash after $101 million in share buybacks.
  • Commodities led activity, making roughly 60% of trading commissions as volumes rose nearly fourfold from a year earlier.
  • The company introduced 24/7 trading for select assets and added access to Japanese equities for customers.
  • eToro opened crypto trading to New York users under state licenses and closed its April 30 acquisition of Zengo to add self-custody for digital assets.
  • Preliminary April figures showed momentum continued, with $18.7 billion in assets under administration and 4.07 million funded accounts, though the data are unaudited.