The Hub24 Ltd (ASX: HUB) share price is higher after the ASX fintech share announced its FY26 fourth quarter update.
Hub24 offers financial advisors and their clients a range of investment options, including managed portfolio options and transaction and reporting functionality.
It also owns Class, which is accounting software for SMSF administration, trust accounting, portfolio management, legal documentation and corporate compliance solutions. It also has Myprosperity, a provider of client portals for accountants and financial advisors.
Strong growth in FY26
Hub24 reported that in the fourth quarter of FY26, being the three months to June 2026, platform net inflows for the period were $4.2 billion, which was similar to the prior corresponding period when excluding large migrations. It reported platform net inflows for the 2026 financial year were $18.9 billion, up 20% when excluding large migrations.
Total funds under administration (FUA) at June 2026 were $164.3 billion, up 20% year on year. Within that, platform FUA was $139.5 billion (up 24% year on year) and portfolio, administration and reporting (PARS) services FUA was $24.8 billion (up 5% year on year).
Pleasingly, the business reported the Hub24 platform ranked first for quarterly and annual net inflows. It also retained the highest net promoter score (NPS) in the Investment Trends and Wealth Insights surveys.
It reached its highest market share of platform providers, with the market share reaching 9.9% as at 31 March 2026, up from 8.6% in the prior corresponding period.
Another highlight during the fourth quarter of FY26 was ‘lifetime super’, a lifetime retirement solution with life insurer TAL.
Is the Hub24 share price a buy?
The company said there is strong demand for financial advice, which is underpinned by demographic trends and Australia’s compulsory superannuation system.
Hub24 said the proposed tax changes in the Federal Budget “further reinforce the need for professional advice and the attractiveness of the superannuation system”.
With those structural growth drivers and a “strong pipeline” of opportunities across new and existing relationships, the company says it’s “well positioned to deliver ongoing growth”.
It’s one of the ASX growth shares to keep an eye on, but it’s still not cheap after falling around 20% in the past year.
