The Hub24 Ltd (ASX: HUB) share price is soaring 7% higher today after it released an impressive update for the second quarter of FY26.
Hub24 is an Australian financial technology business with multiple software platforms. The Hub24 platform offers advisers and clients a range of investment options. Class is a wealth accounting software, with a focus on SMSF administration. The company also owns myprosperity and Nowinfinity.
Record numbers in Q2 FY26 update
The company reported that it achieved record quarterly platform net inflows of $5.6 billion, representing an increase of 2% year on year and up 42% excluding large migrations.
Hub24 also reported record half-year platform net inflows in the first half of FY26 of $10.7 billion, up 13% year on year.
The ASX fintech share revealed that its total funds under administration (FUA) reached $152.3 billion at 31 December 2025, representing an increase of 26% year on year. That figure is made up of $127.9 billion (up 29% year on year) and portfolio, administration and reporting services (PARS) FUA of $24.4 billion (up 11% year on year).
The company boasted that its Hub24 platform ranked first for quarterly and annual net inflows during this period, which is the eighth consecutive quarter. It also achieved the largest quarterly and annual market share gains of all platform providers.
Hub24’s market share increased to 9.3% at 30 September 2025 (up from 7.9%) – it’s now the sixth largest platform by FUA.
Hub24 also said it has commenced development of myhub, leveraging its capabilities to address productivity challenges for advice practices.
The ASX fintech share also reported that the number of accounts across Class Super, Class Portfolio and Class Trust reached 219,973 at 31 December 2025, up 5% year on year.
Is the Hub24 share price appealing?
The business continues to see strong FUA flows into the business, making it one of the most compelling businesses in the industry.
It’s usually a good strategy to own the best business, and this ASX tech share is doing great with its initiatives. The fact its net flows continue growing is a very good sign for growth over the rest of FY26, in my opinion. If I were a shareholder, I’d be very happy.
After rising more than 50% in the last 12 months, there could be better value ASX growth shares to buy.
