AcquisitionsAug 11, 2026, 09:11 AM
eToro to Acquire TradeZero for up to $231M to Boost US Presence
AI Summary
eToro Group Ltd. announced an agreement to acquire TradeZero, a US-focused online brokerage, for up to $231 million in cash and stock. This acquisition aims to accelerate eToro's US expansion, leveraging TradeZero's technology, broker-dealer infrastructure, and access to the Canadian market. TradeZero generated approximately $80 million in revenue with 81% gross margins in Q2 2026, and the deal is expected to be accretive to eToro's adjusted EPS in the first year.
Key Highlights
- eToro to acquire TradeZero, a US-focused online brokerage, to accelerate US expansion.
- Aggregate purchase consideration is up to $231 million, consisting of cash and up to 2.5 million Class A common shares.
- TradeZero generated approximately $80 million in revenue in the last twelve months ended June 30, 2026.
- TradeZero reported 81% gross margins during Q2 2026.
- The acquisition is expected to be accretive to adjusted EPS in the first year upon completion.
- The transaction is subject to customary closing conditions, including regulatory approvals.
- Closing is currently expected during the first half of 2027.
Price Impact
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