UP Fintech reports 26% revenue growth in first quarter

UP Fintech Holding Limited (NASDAQ: TIGR) reported first-quarter revenue of $154.9 million, representing a 26.3% year-over-year increase, according to the company's unaudited financial results for the period ended March 31, 2026.

Operating income rose 17.5% year-over-year to $47.6 million, while the operating margin was 34.8%. The company added 28,900 funded accounts during the quarter, bringing the total to 1.28 million accounts, an 11.3% year-over-year increase.

Total trading volume increased 49% year-over-year to $323.9 billion. Net asset inflows reached $2.9 billion, driving total client assets up 28.4% year-over-year to $58.9 billion.

Commission income reached $67.2 million, up 15.3% year-over-year, while interest-related income rose 18.7% to $66.9 million. Other revenue, including investment banking and employee stock ownership plan services, increased 161.4% year-over-year to $20.7 million.

In Singapore, net asset inflows exceeded $1 billion during the quarter. Trading volume reached a record high, up 140.5% year-over-year, while total trading orders grew 28.9% year-over-year for the ninth consecutive quarter of growth.

Hong Kong operations showed total trading volume and orders increasing 536% and 89% year-over-year respectively, while account openings rose 104% year-over-year. The company underwrote 10 initial public offerings in Hong Kong during the quarter.

In the United States, business profit increased 14% quarter-over-quarter. Assets under custody grew 39% quarter-over-quarter, while stock shares traded surged 207% quarter-over-quarter.

The company's wealth management business reported retail wealth assets under custody increasing 43.8% year-over-year. The number of active wealth clients holding $1 million or more in assets increased 60.4% year-over-year.

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