Futu (Nasdaq:FUTU) announced progress on its share repurchase program. As of May 23, 2026, the company has repurchased approximately US$160 million of its American depositary shares representing Class A ordinary shares.
Repurchases were made under the program launched on November 18, 2025, and may continue subject to market conditions.
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AI-generated analysis. Not financial advice.
Positive
Repurchased approximately US$160 million of ADSs under existing buyback program
Ongoing capacity to repurchase shares further, subject to market conditions
Negative
Future scale and timing of additional repurchases are uncertain and market-dependent
Key Figures
Share repurchases:US$160 millionProgram start date:November 18, 20252023 revenue:HK$10.0 billion+5 more
8 metrics
Share repurchasesUS$160 millionADS buybacks under program as of May 23, 2026
Program start dateNovember 18, 2025Previously announced share repurchase program
2023 revenueHK$10.0 billionTotal revenues 2023 from Form 20-F
2024 revenueHK$13.6 billionTotal revenues 2024 from Form 20-F
2025 revenueHK$22.8 billion (US$2.9 billion)Total revenues 2025 from Form 20-F
Dividend per shareUS$0.325 per ordinary shareCash dividend announced April 2, 2026
Dividend per ADSUS$2.6 per ADSCash dividend announced April 2, 2026
Aggregate dividendUS$365 millionTotal dividend payout April 29, 2026 expected
Market Reality Check
Price:$123.97Vol:Volume 60,024,533 is far ...
high vol
$123.97Last Close
VolumeVolume 60,024,533 is far above the 20-day average of 5,017,542, indicating unusually heavy trading ahead of this buyback update.high
TechnicalShares trade below the 200-day MA at 163.67, with the price at 89.66 and 55.73% under the 52-week high.
Peers on Argus
FUTU fell 27.53% with very elevated volume, while key Capital Markets peers show...
FUTU fell 27.53% with very elevated volume, while key Capital Markets peers showed modest, mixed moves between roughly -1.2% and +0.59%, pointing to a stock-specific reaction rather than a sector-wide move.
Second year of partnership with New York Mets to enhance fan experience.
Pattern Detected
Recent company news, including product launches and dividends, often saw muted or negative next-day moves, suggesting a tendency for shares to react cautiously even to seemingly positive updates.
Recent Company History
Over the last few months, Futu has released several notable updates: an upcoming Q1 2026 earnings date, new Moomoo API Skills functionality, a filed 2025 Form 20-F highlighting strong revenue growth, and a sizable cash dividend of about US$365 million. Despite these developments, price reactions were generally modest or negative. The current buyback announcement adds another capital-return and shareholder-focused action to this sequence.
Market Pulse Summary
This announcement highlights that Futu has repurchased roughly US$160 million of ADSs under its shar...
Analysis
This announcement highlights that Futu has repurchased roughly US$160 million of ADSs under its share repurchase program launched on November 18, 2025. It follows a substantial cash dividend of about US$365 million and strong revenue growth to HK$22.8 billion (US$2.9 billion) in 2025. Investors should weigh these shareholder-friendly actions against the extensive China-related regulatory and structural risks outlined in the company’s recent Form 20-F.
Key Terms
american depositary shares, ads, class a ordinary shares, form 20-f, +3 more
7 terms
american depositary sharesfinancial
"has repurchased approximately US$160 million worth of its American depositary shares"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
adsfinancial
"American depositary shares ("ADSs"), representing its Class A ordinary shares."
Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.
class a ordinary sharesfinancial
"American depositary shares ("ADSs"), representing its Class A ordinary shares."
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
form 20-fregulatory
"files its annual report on Form 20-F, highlighting strong growth"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
6-kregulatory
""[6-K] Futu Holdings Ltd Current Report (Foreign Issuer)""
A Form 6‑K is a periodic report that foreign companies file with the U.S. securities regulator to share important, non-routine information—like earnings summaries, business updates, contracts, or regulatory notices—outside their home country. For investors it acts like a news bulletin or text alert, giving timely access to material developments that can affect a company’s value or risk so they can make informed buy, hold, or sell decisions.
variable interest entitiesregulatory
"reliance on variable interest entities (VIEs) such as Shenzhen Futu"
A variable interest entity (VIE) is a business that a company controls through contracts or special arrangements instead of owning a majority of its shares, like steering a puppet without holding its ticket. Investors care because these arrangements can hide who really bears the financial risks and rewards, affect how assets and liabilities appear on financial statements, and create extra legal or enforcement uncertainty that can change the value and risk of an investment.
pcaobregulatory
"notes PCAOB’s 2022 decision restoring inspection access in Mainland China"
The PCAOB (Public Company Accounting Oversight Board) is an independent regulator that inspects and enforces rules for the auditors who check public companies’ financial statements. Think of it as a referee for accountants: it sets standards, reviews audit work, and can punish sloppy or dishonest audits. That matters to investors because trustworthy, well-audited financial reports reduce the risk of surprises and help people make better decisions about buying, holding, or selling stocks.
AI-generated analysis. Not financial advice.
HONG KONG, May 22, 2026 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (Nasdaq: Futu), today announced that as of May 23, 2026, the Company has repurchased approximately US$160 million worth of its American depositary shares ("ADSs"), representing its Class A ordinary shares. The repurchases were conducted under the Company’s share repurchase program previously announced on November 18, 2025. Subject to market conditions, the Company may continue to execute repurchases from time to time under the existing share repurchase program.
About Futu Holdings Limited
Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering fully digitalized financial services. Through its proprietary digital platforms, Futubull and Moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Company has embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. The Company also provides corporate services, including IPO distribution, investor relations and ESOP solution services.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Futu's beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Forward-looking statements involve inherent risks and uncertainties. All information provided in this press release and in the attachments is as of the date of this press release, and Futu does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
What did Futu (NASDAQ:FUTU) announce about its share repurchase on May 23, 2026?
Futu announced it has repurchased about US$160 million of its ADSs as of May 23, 2026. According to Futu, these buybacks fall under its previously disclosed share repurchase program.
How much stock has Futu (FUTU) bought back under its share repurchase program?
Futu has repurchased approximately US$160 million worth of ADSs under its buyback program. According to Futu, these ADSs represent its Class A ordinary shares and were acquired under the plan started November 18, 2025.
Is Futu (FUTU) continuing its share repurchase program after May 23, 2026?
Futu may continue repurchasing ADSs under its existing share repurchase program. According to Futu, any additional buybacks will depend on prevailing market conditions and will be executed from time to time.
What does Futu’s US$160 million ADS repurchase mean for FUTU shareholders?
Futu’s US$160 million ADS repurchase reduces the number of shares held in the market. According to Futu, the transactions were executed under its ongoing share repurchase program launched in November 2025.
When did Futu’s current share repurchase program start and what has been done so far?
Futu’s current share repurchase program began on November 18, 2025. According to Futu, by May 23, 2026, the company had repurchased approximately US$160 million of its ADSs under this authorization.
