Feb. 4 at 11:21 AM
$ETOR Per Gemeni, if they delete crypto entirely.
If eToro had zero revenue or profit from crypto, their quarterly EPS would currently ballpark around
$0.40 to
$0.45.
Here is the "why" in short: Crypto is High Volume, Low Margin:
In Q3 2025, eToro did
$3.97 billion in crypto revenue, but it cost them
$3.89 billion to facilitate those trades.
The "Safety Net" is Stocks & Interest:
eToro makes its real money from high-margin areas: Net Interest Income. Earnings on user cash balances (extremely high profit).
Capital Markets: Trading in stocks, commodities, and currencies (higher margin than crypto).
The Bottom Line: Even if you delete crypto entirely, eToro is still tracking toward an annual non-crypto EPS of roughly
$1.60 –
$1.80.
