HUB24 Ltd stock (AU000000HUB4): Record inflows and double?digit growth in FY26 first half

HUB24 Ltd reported record net inflows of A$10.7 billion and 26% revenue growth in the first half of FY26, lifting underlying EBITDA by 35% year?on?year.

HUB24 Ltd has reported record net inflows of A$10.7 billion for the first half of fiscal 2026, with group revenue up 26% and underlying EBITDA up 35% year?on?year, according to its latest earnings call transcript published on Alpha Spread on May 9, 2026.Kalkine Media as of May 9, 2026 The results highlight continued momentum in the Australian wealth?tech and platform segment, where HUB24 serves financial advisers, self?managed super funds and investment platforms.

As of: 10.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Hub24 Ltd
• Sector/industry: Financial technology / wealth management platforms
• Headquarters/country: Australia
• Core markets: Australia (primary), with some exposure via offshore?listed funds and global asset classes
• Key revenue drivers: Platform administration fees, transaction and service fees, and growth in assets under administration
• Home exchange/listing venue: Australian Securities Exchange (ASX: HUB)
• Trading currency: Australian dollar (AUD)

HUB24 Ltd: core business model

HUB24 Ltd operates as a diversified financial services and technology platform provider in Australia, focusing on administration and technology solutions for financial advice, superannuation and investment management.Rask Media as of May 4, 2026 The company’s core platform segment develops and provides an administrative services platform that supports financial advisers, self?managed superannuation funds (SMSFs) and other investment vehicles, handling tasks such as account setup, transaction processing, reporting and compliance.

Through its platform, HUB24 enables advisers to manage client portfolios, superannuation accounts and investment products in a single environment, which can reduce operational complexity and improve scalability for advisory businesses.The Motley Fool Australia as of May 10, 2026 The business model is largely fee?based, with revenue tied to assets under administration, transaction volumes and the number of active adviser relationships, giving it a recurring?style income stream that is sensitive to market performance and investor flows.

Main revenue and product drivers for HUB24 Ltd

For the first half of FY26, HUB24 reported record net inflows of A$10.7 billion, which contributed to a 26% increase in group revenue and a 35% rise in underlying EBITDA compared with the prior?year period.Kalkine Media as of May 9, 2026 These inflows reflect strong demand for its platform among financial advisers and SMSF trustees, as well as broader growth in the Australian wealth?management sector.

Analyst forecasts compiled by Simply Wall St indicate that HUB24 is expected to grow earnings and revenue by around 16.7% and 13.2% per annum, respectively, with EPS projected to rise by about 16% per year over the medium term.Simply Wall St as of May 10, 2026 Return on equity is forecast to reach approximately 25.3% in three years, suggesting that the company is expected to maintain a relatively high?return, asset?light platform model.

Market data from The Motley Fool Australia show that HUB24 currently trades with a market capitalization of about A$6.7 billion, a price?to?earnings ratio near 66 and a dividend yield of roughly 0.8%, reflecting a growth?oriented valuation profile with modest current income.The Motley Fool Australia as of May 10, 2026 The stock has declined around 12% year?to?date, indicating that investors may be weighing higher?growth expectations against macro and regulatory risks in the Australian financial sector.

Conclusion

HUB24 Ltd has delivered record net inflows and double?digit revenue and EBITDA growth in the first half of FY26, reinforcing its position as a leading wealth?tech and platform provider in Australia.Kalkine Media as of May 9, 2026 The company’s fee?based, asset?light model benefits from rising assets under administration and adviser adoption, but also exposes it to market volatility and regulatory changes in the financial?services sector.

For US investors, HUB24 offers exposure to the Australian wealth?management and fintech ecosystem, which is closely linked to global equity and bond markets through the underlying funds and asset classes held on its platform.Rask Media as of May 4, 2026 The stock trades at a premium valuation with modest dividend yield, implying that returns will likely depend heavily on continued growth in inflows, platform penetration and operating leverage.

Investors should weigh these growth prospects against risks such as regulatory scrutiny, competition from other platforms and banks, and sensitivity to Australian equity and interest?rate cycles.Simply Wall St as of May 10, 2026 This article does not constitute investment advice. Stocks are volatile financial instruments.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.