UP Fintech reports record revenue. UP Fintech stock has 4 buy ratings

UP Fintech reported record second-quarter revenue of USD 182.30 million on August 26, 2026, while four analysts rated UP Fintech stock a Buy in the September 16, 2026 report from MarketBeat. The earnings figures came from the second-quarter call carried by The Globe and Mail.

Revenue returns to a record

Revenue increased 31.40 percent from the second quarter of 2025 and 17.70 percent from the first quarter of 2026. GAAP net income reached USD 39.40 million, reversing the USD 26.90 million loss reported for the first quarter of 2026, according to Yahoo Finance.

The revenue mix also showed two distinct engines. Commission income rose 21.00 percent year over year to USD 78.30 million, while interest income increased 36.00 percent to USD 79.80 million in the second quarter, the earnings-call summary reported by The Globe and Mail.

Singapore and Hong Kong lead growth

UP Fintech added 32,600 funded accounts in the second quarter, an increase of 12.70 percent from the prior quarter. More than 70.00 percent of those additions came from Singapore and Hong Kong, while total funded accounts reached 1.32 million, up 10.30 percent year over year.

Total client assets stood at USD 60.70 billion on June 30, 2026, up 16.70 percent year over year and 3.10 percent from the prior quarter. The company also underwrote 14 Hong Kong initial public offerings and added 50 employee stock ownership plan clients during the second quarter, according to The Globe and Mail.

Costs and take rates matter

The quarter also exposed a profitability trade-off. Marketing and branding expenses rose 86.60 percent year over year to USD 18.40 million, while the cash equity take rate fell to 3.60 basis points from 5.90 basis points in the first quarter, as described in the earnings call.

Management said third-quarter trading volume and commissions were running below the second-quarter pace, while client assets had continued to increase. That combination leaves revenue growth dependent on both account expansion and the monetization of trading activity.

Market value and trading range

UP Fintech had a market capitalization of USD 820.2 million as of September 30, 2026. Its 52-week range was USD 4.00 to USD 11.35 on the same date, placing the business in a wide valuation band as the market weighs renewed profitability against lower take rates.