Futu HoldingsMEX:FUTUN 85 Gross Margin % is 87.20% as of Mar. 2026, which is 8% above its 10-year median of 80.50. GuruFocus rates MEX:FUTUN with a GF Score™ of 85/100 and a GF Value™ of MXN2,828.94 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 617 Capital Markets companies, Futu Holdings ranks better than 87.68% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Futu Holdings had a gross margin of 87.20% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Futu Holdings Gross Margin % Related Terms
Futu Holdings Gross Margin % Historical Data
* Premium members only.
The historical data trend for Futu Holdings's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:FUTUN vs HUT, EVR, WULF: Gross Margin % Comparison
For the Capital Markets subindustry, Futu Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Futu Holdings Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Futu Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Futu Holdings's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Futu Holdings (MEX:FUTUN) has a Gross Margin % of 87.20% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Futu Holdings and its competitors. This is near median its historical median of 80.50. Over the past decade, Futu Holdings' Gross Margin % has ranged from 48.20 to 87.75. According to the industry distribution chart, Futu Holdings ranks #76 out of 617 companies in the Capital Markets industry, placing it in the top 12.3%.
Is Futu Holdings' Gross Margin % too high?
Futu Holdings' current Gross Margin % of 87.20% is near median its 10-year median of 80.50. Over the past 10 years, this metric has ranged from a low of 48.20 to a high of 87.75. The Capital Markets industry median Gross Margin % is 48.30. Futu Holdings' value of 87.20% is 80.5% above this industry median. Based on the distribution chart, Futu Holdings ranks #76 out of 617 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Futu Holdings has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Futu Holdings' Gross Margin % compare to HUT and EVR?
According to the Capital Markets industry distribution chart, Futu Holdings ranks #76 out of 617 companies for Gross Margin %. This places Futu Holdings in the top 12% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 48.30. Futu Holdings' value of 87.20% is 80.5% above this benchmark. Historically, Futu Holdings' own Gross Margin % has ranged from 48.20 to 87.75 over the past decade. While the company's 10-year median is 80.50 vs. the industry median of 48.30, Futu Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Capital Markets company?
The median Gross Margin % among Capital Markets companies is 48.30, based on 617 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Futu Holdings's current Gross Margin % of 87.20% is 80.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Futu Holdings and its competitors. For the Capital Markets industry, the median Gross Margin % is 48.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Futu Holdings's current Gross Margin % is 87.20%, which is near median its own 10-year median of 80.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Futu Holdings stock overvalued right now?
Based on GuruFocus' analysis, Futu Holdings (MEX:FUTUN) is currently considered Possible Value Trap. The stock's GF Value™ is MXN2,828.94, compared to a current price of MXN1,750.00 — trading 38.1% below its estimated fair value. The current Gross Margin % is 87.20%, which is near median its 10-year median of 80.50 and 80.5% above the Capital Markets industry median of 48.30. Futu Holdings' overall GF Score™ is 85/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Futu Holdings (MEX:FUTUN), the current Gross Margin % is 87.20% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Futu Holdings (MEX:FUTUN) Overvalued in 2026?
Based on GuruFocus' analysis, Futu Holdings stock appears to be undervalued.
The current stock price of MXN1,750.00 is trading 38.1% below its estimated GF Value™ of MXN2,828.94.
GuruFocus considers Futu Holdings to be Possible Value Trap.
Key valuation signals for MEX:FUTUN:
Gross Margin %: 87.20% (near median its 10-year median of 80.50)
GF Value™: MXN2,828.94 vs. price of MXN1,750.00 (38.1% below fair value)
Industry Position: 80.5% above the Capital Markets median (#76 of 617)
No single metric tells the full story. See the MEX:FUTUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Futu Holdings Ltd is an online broker providing one-stop online investing 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 Group engages in online brokerage services and margin financing services. It generates its revenue in the form of brokerage commission and handling charge services, and interest income. Geographically, it operates in Hong Kong, which derives key revenue and it also has its presence in other countries.
85GF Score
Get the complete analysis for MEX:FUTUN
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:FUTUN has been successfully added to your 
