Prediction markets and OTC expansion lift Plus500 to three-year revenue high

Global multi-asset fintech group Plus500 has reported record Customer Income for the first half of 2026, with the figure climbing 24% year on year to $460.8m, the strongest six-month performance in five years. The results, published in the company's H1 2026 Trading Update for the period ended 30 June 2026, point to accelerating momentum across both the group's OTC and non-OTC businesses.

Revenue rose 12% year on year to $462.9m, a three-year high, while EBITDA edged up 1% to $187.5m at a margin of 41%. Average Revenue Per User reached $2,346, up 2% on the prior year. In the second quarter alone, revenue increased 5% to $220.8m and ARPU rose 7% to $1,683.

Prediction markets take centre stage

Much of the strategic narrative centred on the group's push into US prediction markets, a segment Plus500 describes as one of the fastest growing in financial markets today. The company launched its B2C prediction markets offering in February 2026 and, in June, introduced a next-generation product built around CFTC-regulated sports event-based contracts, which it characterises as the highest-engagement category in prediction markets.

"H1 2026 delivered the strongest Customer Income in five years and the highest revenue in three years, reflecting the quality of our customer base, the power of our proprietary technology, and the growing breadth of our global platforms."

David Zruia, Chief Executive Officer, Plus500

Zruia added that the group would continue to leverage its dual-channel position across B2B and B2C segments to drive growth, innovation and partnerships.

OTC business broadens across Canada and Japan

Alongside the prediction markets story, Plus500 continued to expand its OTC franchise. The group went live with a localised OTC platform in Canada and rolled out an enhanced multi-asset product offering in Japan tailored to the local market. It also launched 24/5 trading on stocks and ETFs, reflecting what the company sees as a structural shift towards extended-hours trading across global retail activity.

The non-OTC business, which covers futures and share dealing, accounted for around 15% of total group revenue in H1 2026, up from around 13% a year earlier. That equates to roughly $70m and growth of around 30% year on year, with the US operations cited as the main driver.

Customer growth and a debt-free balance sheet

New Customers reached 65,723 in the first half, a 17% increase year on year, supporting Active Customers of 197,294, up 10%. The group noted that it deliberately increased investment in customer acquisition during the period while pursuing higher-value customers with greater longevity.

Plus500 remained debt-free, with cash balances of over $850m as of 30 June 2026. The board expects full-year 2026 revenue and EBITDA to be in line with current market expectations, following several upgrades to consensus this year.

Bloomberg-compiled consensus forecasts stand at $811.5m for FY 2026 revenue and $368.1m for EBITDA.

The group, which is listed on the London Stock Exchange and is a constituent of the FTSE 250 and STOXX Europe 600, will announce its H1 2026 results, including new shareholder returns comprising dividends and share buyback programmes, on Monday 10 August 2026.

With prediction markets, OTC expansion and 24/5 trading all pulling in the same direction, is Plus500 successfully reshaping itself from a CFD specialist into a diversified global fintech? Which of these bets do you think will pay off most over the next few years?

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