HUB24 (FRA:FSB) Operating Income: €69.4 Mil (TTM As of Dec. 2025)


FRA:FSB HUB24 Ltd FRA:FSB
99 GF Score
Price €42.07
GF Value €49.67
! 1 Warning Sign
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What is HUB24 Operating Income?

HUB24 FRA:FSB -2.44% 99 Operating Income is €69.4 Mil as of Dec. 2025. GuruFocus rates FRA:FSB with a GF Score™ of 99/100 and a GF Value™ of €49.67. The stock has 1 warning sign investors should review.

HUB24's Operating Income for the six months ended in Dec. 2025 was €40.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €69.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. HUB24's Operating Income for the six months ended in Dec. 2025 was €40.4 Mil. HUB24's Revenue for the six months ended in Dec. 2025 was €137.4 Mil. Therefore, HUB24's Operating Margin % for the quarter that ended in Dec. 2025 was 29.43%.

Good Sign:

HUB24 Ltd operating margin is expanding. Margin expansion is usually a good sign.

HUB24's 5-Year average Growth Rate for Operating Margin % was 17.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HUB24's annualized ROC % for the quarter that ended in Dec. 2025 was 19.70%. HUB24's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 332.47%.

HUB24  (FRA:FSB) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

HUB24's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=80.88 * ( 1 - 18.28% )/( (316.452 + 354.688)/ 2 )
=66.095136/335.57
=19.70 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=373.901 - 10.853 - ( 64.818 - max(0, 49.369 - 95.965+64.818))
=316.452

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=389.982 - 10.389 - ( 32.035 - max(0, 47.087 - 71.992+32.035))
=354.688

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

HUB24's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=83.852/( ( (18.855 + max(0.033000000000008, 0)) + (20.288 + max(11.266, 0)) )/ 2 )
=83.852/( ( 18.888 + 31.554 )/ 2 )
=83.852/25.221
=332.47 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(24.582 + 0 + 6.275) - (10.853 + 0 + 19.971)
=0.033000000000008

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.852 + 0 + 4.105) - (10.389 + 0 + 18.302)
=11.266

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

HUB24's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=40.44/137.423
=29.43 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

HUB24 Operating Income Related Terms

HUB24 Operating Income Historical Data

* Premium members only.

The historical data trend for HUB24's Operating Income 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.

HUB24 Operating Income Chart

HUB24 Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.04 12.56 31.40 33.50 54.64

HUB24 Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.85 13.55 27.54 28.94 40.44
FRA:FSB
99GF Score
HUB24 Ltd FRA:FSB
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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HUB24 Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €69.4 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €69.4 Mil mean?
HUB24 (FRA:FSB) has a Operating Income of €69.4 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on HUB24 and its competitors.
Is HUB24's Operating Income too high?
HUB24's current Operating Income is €69.4 Mil. Overall, HUB24 has a GF Score™ of 99/100, reflecting its overall financial health beyond just this single metric.
How does HUB24's Operating Income compare to MS and GS?
HUB24's Operating Income of €69.4 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Capital Markets company?
A good Operating Income depends on the Capital Markets industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on HUB24 and its competitors. HUB24's current Operating Income is €69.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HUB24 stock overvalued right now?
HUB24 (FRA:FSB) has a current Operating Income of €69.4 Mil. The stock's GF Value™ is €49.67, compared to a current price of €42.07 — trading 15.3% below its estimated fair value. The current Operating Income is €69.4 Mil. HUB24's overall GF Score™ is 99/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For HUB24 (FRA:FSB), the current Operating Income is €69.4 Mil as of Dec. 2025. 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 HUB24 (FRA:FSB) Overvalued in 2026?

Based on GuruFocus' analysis, HUB24 stock appears to be undervalued. The current stock price of €42.07 is trading 15.3% below its estimated GF Value™ of €49.67.

Key valuation signals for FRA:FSB:

  • Operating Income: €69.4 Mil
  • GF Value™: €49.67 vs. price of €42.07 (15.3% below fair value)
  • GF Score™: 99/100 with 1 warning sign

No single metric tells the full story. See the FRA:FSB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HUB24 Business Description

Other Exchanges HUB:Australia
Address 5 Martin Place, Level 17, Sydney, NSW, AUS, 2000
Hub24 is a diversified financial services business. The firm's core platform segment engages in the development and provision of custodial and noncustodial administration services to financial advisors, stockbrokers, accountants, and their clients. The tech solutions segment provides a range of technology and data services, as well as cloud-based software. Hub24 serves individuals, companies, trusts, associations, or self-managed superannuation funds. The firm has around 9.7% share of the Australian platform market, compared with the largest five providers with an average market share of 13.3% each.
99GF Score

Get the complete analysis for FRA:FSB

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€42.07
Price
€49.67
GF Value