Report published August 11, 2026
eToro Group (ETOR) 2Q26 Earnings Update: Goldman Sachs Equity Research
Source and citation context
- Issuer
- Goldman Sachs
- Report date
- August 11, 2026
- Analysis as of
- Not stated in source
Authors / editors: James Yaro (Analyst), Divyam Harlalka (Analyst), Matthew Weng (Analyst)
Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
eToro (ETOR) reported a 2Q26 EPS beat, but weak July trading trends and limited cost offsets have led Goldman Sachs to downgrade 2026-2028 EPS estimates and cut the target price to $36.
Key Takeaways
- 1.ETOR reported a 2Q26 EPS beat, but weak July trends and lack of expense control led to EPS downgrades.
- 2.July monthly metrics showed significant weakness across commissions and crypto volumes compared to consensus.
- 3.Target price decreased by 14% to $36, reflecting lower earnings estimates and a reduced P/E multiple.
Table of Contents
- 2Q26 account and AUA growth
- 2Q26 revenue
- 2Q26 expenses
- July monthly metrics - weaker metrics across the board
- Estimates/PT changes
- Disclosure Appendix
Report data
ETOR July monthly metrics
| Metric | Estimate | Context |
|---|---|---|
| 2Q26 EPS | 0.58 USD | Reported earnings vs. 0.55 consensus |
| Total Funded Accounts | 4.3 million | Account growth |
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Authors / Editors
Reported Data Context
- 2Q26 EPS: 0.58 USD (2Q26) · Source: Company data
- Total Funded Accounts: 4.3 million (2Q26) · Source: Company data
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