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TAXATION (Tables) | 12 Months Ended
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Dec. 31, 2025
TAXATION |
Schedule of current and deferred portion of income tax expenses | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Year ended December 31,
​ | ​ ​ ​ | 2023 | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
​ | ​ | (HK$ in thousands)
Current income tax expenses | ​ | 763,248 |  | 1,016,317 |  | 2,438,625
Deferred income tax benefit | ​ | (14,769) |  | (17,975) |  | (78,992)
Income tax expenses | ​ | 748,479 |  | 998,342 |  | 2,359,633
Schedule of reconciliation between the income tax expenses computed by applying the Hong Kong enterprise tax rate to income before income taxes and actual provision | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Year Ended December 31, 2025, |
​ | ​ ​ ​ | (HK$ in thousands) | ​ ​ ​ | Percent |
Income before income tax expenses and share of loss from equity method investment | ​ | 13,713,159 |  | ​ | ​
Hong Kong statutory tax rate (1) | ​ | 2,262,506 |  | 16.5 | %
Foreign tax effects | ​ | 177,742 |  | 1.3 | %
Effect of changes in tax laws or rates Enacted in the current period | ​ | 274,951 |  | 2.0 | %
Effect of cross-border tax laws | ​ | 46,088 |  | 0.3 | %
Changes in valuation allowances | ​ | (608) |  | 0.0 | %
Nontaxable or nondeductible items | ​ | ​ |  | ​ | ​
Income not subject to tax (2) | ​ | (397,429) |  | (2.9) | %
Other | ​ | (3,617) |  | 0.0 | %
Income tax expenses | ​ | 2,359,633 |  | 17.2 | %
​
​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Year ended December 31,
​ | ​ ​ ​ | 2023 | ​ ​ ​ | 2024
​ | ​ | (HK$ in thousands)
Income before income tax expenses and share of loss from equity method investments | ​ | 5,040,925 |  | 6,535,332
Tax expenses at Hong Kong profit tax rate of 16.5% (1) | ​ | 831,588 |  | 1,078,165
Changes in valuation allowance | ​ | 65,581 |  | 164,511
Tax effect of permanence differences | ​ | 49,787 |  | 37,803
Effect of income tax jurisdictions other than Hong Kong | ​ | 20,873 |  | 19,836
Super deduction of research and development expenses | ​ | (132,704) | ​ | (132,257)
Final settlement differences | ​ | 11,756 | ​ | 11,484
Income not subject to tax (2) | ​ | (98,402) | ​ | (181,200)
Income tax expenses | ​ | 748,479 |  | 998,342
(1) | The Hong Kong statutory income tax rate is used for the reconciliation as the majority of the Group’s operations are based in Hong Kong.
(2) | This amount mainly represents tax exempted items, including offshore income of Futu Securities derived from executing the clients’ orders of US listed securities, etc.
Schedule of income taxes paid (net of refunds) | ​
​ | ​ | ​
​ | ​ ​ ​ | Year Ended December 31, 2025,
​ | ​ | (HK$in thousands)
United States |  | 818,536
Hong Kong |  | 560,154
Others |  | 267,614
Total |  | 1,646,304
Schedule of components of the deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | As of December 31,
​ | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
​ | ​ | (HK$ in thousands)
Deferred tax assets | ​ | ​ | ​ | ​
Net operating loss carryforwards | ​ | 352,117 |  | 405,484
Accrued expenses and others | ​ | 112,470 |  | 206,261
Less: valuation allowance | ​ | (352,716) |  | (405,885)
Total deferred tax assets | ​ | 111,871 | ​ | 205,860
​ | ​ | ​ | ​ | ​
Total deferred tax liabilities | ​ | 4,882 | ​ | 20,856
Schedule of movement of valuation allowance | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Year ended December 31,
​ | ​ ​ ​ | 2023 | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
​ | ​ | (HK$ in thousands)
Balance at beginning of the year | ​ | 122,624 |  | 188,205 |  | 352,716
Additions | ​ | 77,016 |  | 209,900 |  | 92,233
Reversals | ​ | (11,435) |  | (45,389) |  | (39,064)
Balance at end of the year | ​ | 188,205 |  | 352,716 |  | 405,885

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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