eToro Group Ltd.ETOR
NasdaqGS•Financial Services•Capital Markets
eToro Group Ltd. engages in the trading business. Its multi-asset platform supports trading and investing in equities, crypto assets, commodities, currencies, and options, which can be traded either as assets or as derivatives related to various underlying asset types. The company also operates eToro Club, a membership program providing a range of services and tools to enhance a user's investment experience; eToro Academy, an education hub to improve users' understanding of financial markets; and eToro Money, a money management solution that enables users to make deposits and withdrawals, as well as to trade local stocks in local currencies. In addition, it provides various investment tools and services, including charting and analysis tools and extended-hours trading. Further, the company offers CopyTrader, Pro Investor, and Smart Portfolios program to follow and replicate the trading activities of other users or portfolios. eToro Group Ltd. was incorporated in 2006 and is headquartered in Bnei Brak, Israel.
eToro Group Ltd. (ETOR) reported trailing twelve months revenue of $6.70B as of March 2026, a 48.5% decline year-over-year. Quarterly revenue reached $268.01M, reflecting a contraction in sales.
eToro Group Ltd. generated $238.15M in TTM net income, with quarterly EBITDA of $102.41M. The operating margin expanded from 2.0% to 37.0%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (37.0%) and net margin (30.7%) indicates moderate non-operating costs. Net margin has improved from 1.6% a year ago, signaling stronger bottom-line efficiency.
ETOR trades at a P/E of 11.4x (below the broader market average) and a P/S of 0.4x. The price-to-book ratio of 2.0x reflects a moderate premium to book value.
The company generated $102.16M in free cash flow over the trailing twelve months, a 14.6% increase year-over-year, indicating cash generation ability. The balance sheet shows $1.86B in total assets with no in long-term debt against $1.38B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 11 quarters of fundamental data
Operating margins are expanding at ~10.4%, suggesting durable pricing power and cost discipline.
ROE averages 17.7% but has fluctuated — the competitive advantage may be cyclical or emerging.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 11 quarters
Margins are stable or improving at ~18.4% — no sign of cost or pricing stress.
FCF covers net income by 1.6x on average — earnings are well-supported by cash generation.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding increased 15.0% — significant dilution, likely from stock compensation or capital raises.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation